Oceaneering Z Score

OII
 Stock
  

USD 14.85  0.12  0.81%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please check Oceaneering International Piotroski F Score and Oceaneering International Valuation analysis.
  
Oceaneering International Market Capitalization is most likely to decrease significantly in the upcoming years. The last year's value of Market Capitalization was reported at 1.33 Billion. The current Working Capital is estimated to increase to about 803.6 M, while Capital Expenditure is projected to decrease to (171.4 M). Oceaneering International Gross Profit is most likely to decrease significantly in the upcoming years. The last year's value of Gross Profit was reported at 88.42 Million. The current Interest Expense is estimated to increase to about 53 M, while Consolidated Income is projected to decrease to (321.9 M).

Oceaneering Z Score Analysis

Oceaneering International's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2018 2019 2021 2022 (projected)
Interest Expense37.74 M42.71 M49.12 M53 M
Gross Profit129.23 M98.24 M88.42 M90.75 M
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Oceaneering International Z Score

    
  1.2  
Most of Oceaneering International's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Oceaneering International is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Oceaneering Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Oceaneering International is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Oceaneering International's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Oceaneering International's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Oceaneering International's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

Based on the company's disclosures, Oceaneering International has a Z Score of 1.2. This is 46.19% lower than that of the Energy sector and 29.41% lower than that of the Oil & Gas Equipment & Services industry. The z score for all United States stocks is 86.24% higher than that of the company.

Oceaneering Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Oceaneering International's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Oceaneering International could also be used in its relative valuation, which is a method of valuing Oceaneering International by comparing valuation metrics of similar companies.
Oceaneering International is currently under evaluation in z score category among related companies.

Oceaneering International Current Valuation Drivers

We derive many important indicators used in calculating different scores of Oceaneering International from analyzing Oceaneering International's financial statements. These drivers represent accounts that assess Oceaneering International's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Oceaneering International's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee20.29 K(24.69 K)(38.29 K)(59.69 K)(5.8 K)(5.95 K)
Revenue Per Employee234.33 K222.03 K225.07 K219.63 K219.91 K256.83 K
Average Assets3.26 B3.09 B2.9 B2.88 B3.32 B3.4 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA218.12 M139.32 M(85.33 M)(290.35 M)166.03 M170.4 M
Earnings Before Interest Taxes and Depreciation Amortization USD318.91 M223.49 M145.5 M(24.68 M)(22.21 M)(22.8 M)
Earnings before Tax43.35 M(17.84 M)(185.83 M)(330.82 M)(297.74 M)(305.57 M)
Average Equity1.57 B1.53 B1.53 B1.28 B1.15 B1.28 B
Enterprise Value3.13 B2.4 B1.61 B2.1 B1.89 B2.79 B
Free Cash Flow230.46 M43.74 M(55.66 M)19.39 M17.45 M17.91 M
Invested Capital2.52 B2.49 B2.35 B2.32 B2.67 B2.67 B
Invested Capital Average2.7 B2.5 B2.41 B2.55 B2.93 B2.8 B
Market Capitalization2.77 B2.08 B1.19 B1.48 B1.33 B1.36 B
Tangible Asset Value2.69 B2.57 B2.41 B2.34 B2.69 B2.88 B
Working Capital754.23 M751.61 M750.15 M643.48 M740 M803.64 M

Oceaneering International Institutional Holders

Institutional Holdings refers to the ownership stake in Oceaneering International that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Oceaneering International's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Oceaneering International's value.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares8.6 K237 K
Zurich Insurance Group LtdCommon Shares19 K713 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares14.2 K152 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares14.2 K215 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares17.1 K193 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares19.2 K256 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares16.6 K258 K

Oceaneering Fundamentals

About Oceaneering International Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Oceaneering International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Oceaneering International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Oceaneering International based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Oceaneering International, Inc. provides engineered services, products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. Oceaneering International, Inc. was founded in 1964 and is headquartered in Houston, Texas. Oceaneering International operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 8500 people.

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Please check Oceaneering International Piotroski F Score and Oceaneering International Valuation analysis. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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When running Oceaneering International price analysis, check to measure Oceaneering International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Oceaneering International is operating at the current time. Most of Oceaneering International's value examination focuses on studying past and present price action to predict the probability of Oceaneering International's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Oceaneering International's price. Additionally, you may evaluate how the addition of Oceaneering International to your portfolios can decrease your overall portfolio volatility.
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Is Oceaneering International's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Oceaneering International. If investors know Oceaneering will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Oceaneering International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.38) 
Market Capitalization
1.5 B
Quarterly Revenue Growth YOY
0.2
Return On Assets
0.018
Return On Equity
(0.07) 
The market value of Oceaneering International is measured differently than its book value, which is the value of Oceaneering that is recorded on the company's balance sheet. Investors also form their own opinion of Oceaneering International's value that differs from its market value or its book value, called intrinsic value, which is Oceaneering International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Oceaneering International's market value can be influenced by many factors that don't directly affect Oceaneering International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Oceaneering International's value and its price as these two are different measures arrived at by different means. Investors typically determine Oceaneering International value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oceaneering International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.