Professional
Added to YB: 2026-07-31
Pitch date: 2026-07-28
MCDIF [neutral]
Mcdermott International Ltd.
-1.1%
current return
Author Info
No bio for this author
Company Info
Mcdermott International Ltd. provides engineering, procurement, construction, and installation solutions to the energy industry worldwide.
Market Cap
$129.8M
Pitch Price
$4.55
Price Target
51.30 (+1040%)
Dividend
N/A
EV/EBITDA
1.51
P/E
-1.80
EV/Sales
0.06
Sector
Energy Equipment and Services
Category
special_situation
Alluvial Fund Portfolio Holding: Mcdermott International Ltd.
MCDIF (holding update): Energy EPC exiting legacy money-losing contracts into sustained profits. $500M rights offering at deep discount + term loan refi deleverages balance sheet, de-risks bidding/sale/IPO. Non-participants diluted heavily (backstopped by 4 holders). 3.2x 2027 EBITDA, <4x 2028 EPS; sees potential double. Garrett Motion parallel.
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