Professional
Added to YB: 2026-04-30
Pitch date: 2026-04-28
MCDIF [neutral]
Mcdermott International Ltd.
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
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.98
P/E
-4.41
EV/Sales
0.11
Sector
Energy Equipment and Services
Category
turnaround
Alluvial Fund Portfolio Holding: Mcdermott International Ltd.
MCDIF (holding update): Oil & gas engineering/construction firm post-bankruptcy turnaround. 2025 EBITDA +38% YoY, 2026 guide $520M EBITDA (6.5% margin), 2028 target $701M (8% margin). At ~$2B EV, trades 2.9x 2028 EBITDA. Legacy fixed-price projects down to 1.4% backlog. Weak balance sheet, 2027 debt refinancing imminent (catalyst). Risk: high refi rate, equity dilution, Iran/Mideast ops exposure.
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