Added to YB: 2025-07-10
Pitch date: 2025-07-09
HLX [bullish]
Helix Energy Solutions Group, Inc.
+51.56%
current return
Author Info
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Company Info
Helix Energy Solutions Group, Inc., together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the United States, North Sea, the Asia Pacific, West Africa, and internationally.
Market Cap
$1.5B
Pitch Price
$6.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.63
P/E
103.68
EV/Sales
1.24
Sector
Energy Equipment and Services
Category
value
Offshore Adventures
HLX: Offshore energy at capital cycle inflection—limited fleet capacity, high consolidation. 60% rev from well intervention (5 of 7 global vessels), less oil-price sensitive vs peers. Diversified: servicing existing wells, decommissioning, offshore wind. Unlevered balance sheet, active buybacks. Trading 4x EV/FCF, 40% of replacement value, 0.6x P/B vs 1.5x peer median. Contracted backlog ~equal to EV. Day rates +20-40% on contract renewals (Q7000 +40%). Robotics $650M backlog through 2032. Risks: oil price sensitivity, customer concentration, offshore wind delays, aging infrastructure complexity. Conservative DCF: $1.8B intrinsic (50% upside). Not buy-and-hold—asymmetric cyclical bet.
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