Professional
Added to YB: 2026-02-10
Pitch date: 2026-02-03
MCDIF [bullish]
Mcdermott International Ltd.
+1.79%
current return
Author Info
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Company Info
Mcdermott International Ltd. provides engineering, procurement, construction, and installation solutions to the energy industry worldwide.
Market Cap
$740.8M
Pitch Price
$26.52
Price Target
60.00 (+122%)
Dividend
N/A
EV/EBITDA
2.98
P/E
-4.41
EV/Sales
0.11
Sector
Energy Equipment and Services
Category
turnaround
Alluvial Fund New Position: Mcdermott International Ltd.
MCDIF (new position): Post-bankruptcy energy engineering co targeting 2025 adj EBITDA >$400M (+70% vs 2024). Secured billions in new Middle East contracts, expanding into LNG & green fuels. Plans 2026 debt refinance, SEC reporting resumption, major exchange listing. Upside to $60+ vs mid-$20s if trajectory holds.
Read full article (1 min)