Helix Energy Solutions Group Inc

Energy
Oilfield Services/Equipment
www.helixesg.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.51B
PE 210
Debt $333.02M
Cash $324.12M
EV $1.52B
FCF $188.59M

Earnings

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Sales & Net Margins

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Earnings	$7.18M
EBIT	$111.94M
ROE	0%
ROA	4%
FCF	$188.59M
Equity	$1.57B
Growth Stability	-2K%
PE	210.19
PEG	-37.77
PB	0.96
P/FCF	8
P/S	1.13
Price/Cash	0.21
Debt/Equity	0.21
Debt/FCF	1.77
Net Margins	4%
Gross Margins	16%
Op. Margins	8%
Earnings CAGR	-2%
Sales Growth YoY	-13%
Sales Growth QoQ	-6%
Sales CAGR	9%
FCF CAGR	16%
Equity CAGR	1%
Earnings Stability	0.04
Earnings Growth YoY	90%
Earnings Growth QoQ	-9%

Earnings CAGR 5Y	-6%
Sales CAGR 5Y	16%
FCF CAGR 5Y	27%
Equity CAGR 5Y	-3%
Earnings CAGR 3Y	38%
Sales CAGR 3Y	38%
FCF CAGR 3Y	82%
Equity CAGR 3Y	-2%
Market Cap	$1.51B
Revenue	$1.34B
Assets	$2.66B
Total Debt	$333.02M
Cash	$324.12M
Shares Outstanding	151.91M
EV	1.52B
Earnings Score	6%
Moat Score	44%
Safety Score	63%
Final Score	38%
Working Capital	390.72M
Current Ratio	2.29
Gross Profit	$209.98M
Shares Growth 3y	0%
Equity Growth QoQ	5%
Equity Growth YoY	3%

Assets & ROA

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Stockholders Equity & ROE

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Helix Energy Solutions Group Inc is an offshore energy services company. It provides specialty services to the offshore energy industry, with emphasis on well intervention and robotics operations. Helix provides services primarily in deepwater in the Gulf of Mexico, Brazil, North Sea, Asia Pacific and West Africa regions. It has three reportable business segments: Well Intervention, Robotics and Production Facilities. Well Intervention segment includes vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico, North Sea and Brazil; Robotics segment includes remotely operated vehicles, trenchers, and ROVDrills; Production Facilities segment includes the HP I, the Helix Fast Response System.

SEC Filings

Direct access to Helix Energy Solutions Group Inc (HLX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Helix Energy Solutions Group Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Helix Energy Solutions Group Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -2%

Stability 4%

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Helix Energy Solutions Group Inc Discounted Cash Flow

Fully customizable DCF calculator online for Helix Energy Solutions Group Inc.

Years

Calculation mode

= $5.9B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$189M	$219M	$255M	$297M	$345M	$401M	$467M	$543M	$631M	$734M	$854M	$8.5B
DCF		$199M	$211M	$223M	$236M	$249M	$263M	$279M	$294M	$311M	$329M	$3.3B
Value	$5.9B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	18%	-54%	-17%	5%	4%	8%	3%	-9%	-10%	-1%	4%
ROA	-	-13%	-3%	-0%	2%	3%	1%	-2%	-2%	2%	4%
ROE	-	-29%	-6%	2%	2%	3%	1%	-4%	-6%	-1%	0%

Bad Net Margins (3.54%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-4.05	-4.9	-3.51	8.82	18.6	6.31	2.71	17.56	3.17	1.77
Debt over Equity	0.36	0.66	0.57	0.4	0.33	0.32	0.28	0.22	0.2	0.28	0.21
Growth Stability	-	-	-	-	-	-	51%	-176%	-2K%	-	-2K%

Good Debt/FCF ratio (1.77)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.21)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-2K%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-37%	-30%	19%	27%	2%	-2%	-8%	29%	48%	16%
Earnings YoY growth	-	-293%	-78%	-137%	-6%	102%	-66%	-415%	42%	-88%	-6%
Equity YoY growth	-	-23%	0%	22%	3%	5%	2%	-5%	-8%	-1%	-3%
FCF YoY growth	-	-1K%	-29%	21%	-133%	-52%	173%	68%	-87%	655%	27%