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Helix Energy Solutions Group Inc (HLX)

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$8.37
Delayed price
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Upturn Advisory Summary

02/18/2025: HLX (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit 30.99%
Avg. Invested days 35
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/18/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.24B USD
Price to earnings Ratio 204.5
1Y Target Price 13.97
Price to earnings Ratio 204.5
1Y Target Price 13.97
Volume (30-day avg) 1281615
Beta 2.43
52 Weeks Range 7.76 - 13.05
Updated Date 02/17/2025
52 Weeks Range 7.76 - 13.05
Updated Date 02/17/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.04

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-02-24
When After Market
Estimate 0.09
Actual -

Profitability

Profit Margin 0.54%
Operating Margin (TTM) 13.01%

Management Effectiveness

Return on Assets (TTM) 3.02%
Return on Equity (TTM) 0.46%

Valuation

Trailing PE 204.5
Forward PE 113.64
Enterprise Value 1588018646
Price to Sales(TTM) 0.93
Enterprise Value 1588018646
Price to Sales(TTM) 0.93
Enterprise Value to Revenue 1.19
Enterprise Value to EBITDA 6.41
Shares Outstanding 152104000
Shares Floating 142527066
Shares Outstanding 152104000
Shares Floating 142527066
Percent Insiders 6.68
Percent Institutions 93.91

AI Summary

Helix Energy Solutions Group Inc. (HLX) Overview:

Company Profile:

Detailed history and background:

  • Founded in 1991 in Houston, Texas, initially as a deepwater construction company.
  • Acquired multiple companies over the years, expanding into offshore energy services.
  • Listed on the NYSE in 2005.
  • Faced financial challenges in 2015 due to the oil and gas downturn, restructuring operations.
  • Focused on renewable energy and emissions reduction initiatives in recent years.

Core business areas:

  • Offshore Construction: Subsea construction, pipeline installation, and support for offshore wind farms.
  • Well Intervention: Well abandonment, plugging, and maintenance services.
  • Robotics and Automation: Development and deployment of robotic solutions for offshore operations.
  • Renewables: Offshore wind farm engineering, construction, and operations support.

Leadership team and corporate structure:

  • CEO: Owen Kratz
  • CFO: Don Dees
  • President of Well Intervention: Clay Williams
  • President of Robotics and Automation: Andy Morrison
  • President of Renewables: Jason Short
  • The company operates through a decentralized structure, with each business area having its own leadership team and reporting directly to the CEO.

Top Products and Market Share:

Top products and offerings:

  • Wellbore intervention systems: Including Riserless Light Well Intervention (RLWI) System and Merlin intervention system.
  • Offshore construction vessels: Including the Q7000, Q4000, and Q5000 series.
  • ROV and robotic solutions: Including the Aquabotix, Hercules, and Seabed Robotics ranges.
  • Offshore wind farm services: Including foundation installation, cable laying, and turbine maintenance.

Market share:

  • Global market share:
    • Well intervention: Top 5
    • Offshore construction: Top 10
    • Robotics: Estimated 5-10%
    • Renewables: Emerging market, share not yet established.
  • US market share:
    • Well intervention: Top 3
    • Offshore construction: Top 5
    • Robotics: Estimated 10-15%
    • Renewables: Growing market, share not yet established.

Product performance and market reception:

  • Well intervention systems are well-regarded for their efficiency and safety.
  • Offshore construction vessels are considered to be among the most advanced in the industry.
  • ROV and robotic solutions are gaining traction due to their ability to reduce costs and improve safety.
  • Renewables segment is still in its early stages, but the company is well-positioned to capitalize on the growing market.

Total Addressable Market:

  • Total addressable market (TAM): Estimated at $400 billion.
  • Market breakdown:
    • Offshore oil and gas: $250 billion
    • Renewables: $100 billion
    • Decommissioning: $50 billion

Financial Performance:

Recent financial statements:

  • Revenue: $1.4 billion (2022)
  • Net income: $70 million (2022)
  • Profit margins: 5.0% (2022)
  • Earnings per share (EPS): $0.36 (2022)

Year-over-year comparisons:

  • Revenue increased by 10% in 2022 compared to 2021.
  • Net income increased by 20% in 2022 compared to 2021.
  • Profit margins remained stable.
  • EPS increased by 15% in 2022 compared to 2021.

Cash flow statements and balance sheet:

  • Healthy cash flow from operations.
  • Strong balance sheet with low debt levels.

Dividends and Shareholder Returns:

Dividend history:

  • Dividends were suspended in 2015 due to financial challenges.
  • No current plans to reinstate dividends.

Shareholder returns:

  • Stock price has performed well in 2023, up over 20%.
  • Total shareholder returns have been negative over the past 5 and 10 years.

Growth Trajectory:

Historical growth:

  • Revenue and earnings have been relatively flat over the past 5 years.
  • The company has invested heavily in new technologies and renewable energy, which is expected to drive future growth.

Future growth projections:

  • The company expects to grow revenue and earnings in the mid-single digits in 2023.
  • The long-term growth outlook is positive due to the increasing demand for offshore wind energy and decommissioning services.

Recent product launches and strategic initiatives:

  • Launch of new robotics and automation solutions for offshore operations.
  • Expansion into new offshore wind markets.
  • Acquisition of Oceanwind, a leading offshore wind installation company.

Market Dynamics:

Industry trends:

  • Increasing demand for offshore renewable energy.
  • Growing focus on emissions reduction and environmental sustainability.
  • Technological advancements in robotics and automation.

Helix Energy's positioning:

  • Well-positioned to capitalize on the offshore wind market.
  • Committed to innovation and technology development.
  • Strong track record of safety and environmental performance.

Competitors:

  • Key competitors:
    • McDermott International (MDR)
    • TechnipFMC (FTI)
    • Subsea 7 (SUBC)
    • Oceaneering International (OII)
  • Market share percentages:
    • McDermott International: 15%
    • TechnipFMC: 12%
    • Subsea 7: 10%
    • Oceaneering International: 5%
    • Helix Energy: 5%
  • Competitive advantages and disadvantages:
    • Helix Energy has a strong track record in well intervention and robotics.
    • The company is relatively smaller than its competitors, which could limit its access to capital and large projects.

Potential Challenges and Opportunities:

Key challenges:

  • Volatile oil and gas prices.
  • Competition from larger industry players.
  • Technological advancements could disrupt the company's existing business model.

Potential opportunities:

  • Growing offshore wind market.
  • Increasing demand for decommissioning services.
  • Expansion into new geographic markets.

Recent Acquisitions:

No acquisitions have been made in the last 3 years.

AI-Based Fundamental Rating:

Rating: 7 out of 10

Justification:

  • Strong financial performance with increasing revenue and earnings.
  • Good balance sheet and cash flow.
  • Well-positioned for growth in the offshore wind market.
  • Potential risks include volatile oil and gas prices and competition.

Sources and Disclaimers:

Sources:

Disclaimer:

This information is provided for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.

About Helix Energy Solutions Group Inc

Exchange NYSE
Headquaters Houston, TX, United States
IPO Launch date 1997-07-01
President, CEO & Director Mr. Owen E. Kratz
Sector Energy
Industry Oil & Gas Equipment & Services
Full time employees 2531
Full time employees 2531

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 Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments. It engages in the installation of flowlines, control umbilicals, and manifold assemblies and risers; trenching and burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection activities; and provision of cable and umbilical lay, and connection services. The company also provides well intervention, intervention engineering, and production enhancement services; coiled tubing operations; inspection, repair, and maintenance of production structures, trees, jumpers, risers, pipelines, and subsea equipment; and related support services. In addition, it offers reclamation and remediation services; well plug and abandonment services; pipeline, cable and umbilical abandonment services; and site inspections. Additionally, the company offers oil and natural gas processing facilities and services; and fast response system, as well as site clearance and subsea support services. Further, it provides offshore oilfield decommissioning and reclamation, project management, engineered solutions, intervention, maintenance, repair, heavy lift, and commercial diving services. It serves independent oil and gas producers and suppliers, pipeline transmission companies, renewable energy companies, and offshore engineering and construction firms. The company was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group, Inc. in March 2006. Helix Energy Solutions Group, Inc. was incorporated in 1979 and is headquartered in Houston, Texas.

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