Added to YB: 2026-06-30
Pitch date: 2026-06-27
TDW [neutral]
Tidewater Inc.
-0.51%
current return
Author Info
No bio for this author
Company Info
Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide.
Market Cap
$3.3B
Pitch Price
$66.94
Price Target
92.40 (+39%)
Dividend
N/A
EV/EBITDA
8.24
P/E
11.29
EV/Sales
2.56
Sector
Energy Equipment and Services
Category
value
Tidewater (TDW): a first-pass look
TDW (overview): OSV operator at $66, EV ~40% of $9B replacement cost. Post-bankruptcy capital-disciplined model buys fleets cheap (GulfMark, Swire, Solstad, Wilson Sons). Record $22.6K day rates on $70-80 Brent, supply tightening (orderbook record low, fleet aging). Net debt 0.2x, 84% '26 rev backed. Upside +20-40%, downside -15% if rates fall to $20K. Robotti owns 4.5%.
Read full article (5 min)