BW Offshore Limited (BWOFY) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of BW Offshore Limited $15.16, price $9.25, upside +63.9%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
40‑month range $3.45 – $12.25 · fair‑value band $12.22 – $19.04 · the $9.25 price screens below the $15.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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BW Offshore Limited engages in the engineering of offshore production solutions in the Americas, Europe, Africa, Asia, and the Pacific. It operates through Floating Production, Storage, and Offloading (FPSO); and Floating Wind segments. The company is involved in the construction, lease, and operation of FPSOs, as well as floating offshore wind.
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BW Offshore Limited engages in the engineering of offshore production solutions in the Americas, Europe, Africa, Asia, and the Pacific. It operates through Floating Production, Storage, and Offloading (FPSO); and Floating Wind segments. The company is involved in the construction, lease, and operation of FPSOs, as well as floating offshore wind. BW Offshore Limited was founded in 1982 and is based in Hamilton, Bermuda.
Stock analysis
BW Offshore Limited (BWOFY) currently trades at $9.25, while our model-based Fair Value estimate is $15.16, implying the stock looks roughly 39.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $18.85 per share, and 20 of the 21 models we run sit above the $9.25 price.
Bear case: the Asset-Based group reads lowest at $9.56, and 1 of the 21 models stay below the price. Evidence for this calculation is medium.
Scenario range: $12.22 (bear) to $19.04 (bull), the price of $9.25 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Energy sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
BW Offshore Limited reported revenue of $510M in FY2025 versus $829M in FY2021, a compound −11.5%/yr. Reported net income was $134M in FY2025, compounding +21.0%/yr from FY2021.
Key figures
Market cap $1.7B · P/E ratio 6.3 · P/S ratio 1.65 · EPS (TTM) $1.48 · Dividend yield 6.0% · Net margin 26.4% · Return on equity 10.6% · Return on assets (EBIT) 3.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 43% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at 64%, BWOFY screens cheaper than that median.
Fair Value models
Bear $12.22Fair Value $15.16Bull $19.04
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($1.12 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+22.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.4%
Dividend (yield on the price)6.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.17% → 28%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+10.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +7.4% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Equipment & Services · 184 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+30.4% · Top 25%
Profitability
Return on equity (TTM)10.6% · Above median
Return on assets2.2% · Below median
Net margin (TTM)26.4% · Top 25%
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth−6.1% · Below median
Dividend yield (TTM)6.0% · Top 25%
Balance sheet
Debt / equity0.10× · Below median
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
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Is BW Offshore Limited (BWOFY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $15.16 versus the last price from Sep 25, 2026 of $9.25, about +64% upside (undervalued).
What is the fair value of BWOFY?
Our model-based fair value for BW Offshore Limited is $15.16 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $9.25.
What is the quality score of BWOFY?
BW Offshore Limited has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BW Offshore Limited (BWOFY)?
Our model-based price target is the fair value of $15.16 (as of Sep 24, 2026) from 21 valuation models. Cautious scenario $12.22, optimistic scenario $19.04. It is a calculation from audited fundamentals, not an analyst target.
What is the BW Offshore Limited stock forecast for 2026?
Our models put fair value at $15.16, about +64% upside versus the last price from Sep 25, 2026 of $9.25 (undervalued). Cautious scenario $12.22, optimistic scenario $19.04. The calculation is refreshed regularly with new filings.
What is the revenue of BW Offshore Limited (BWOFY)?
BW Offshore Limited reported trailing-twelve-month revenue of about $510M (latest available figure, as of Sep 24, 2026).
Does BW Offshore Limited pay a dividend?
BW Offshore Limited currently shows a dividend yield of about 6.03% relative to its recent price (as of Sep 24, 2026).
What growth is priced into BW Offshore Limited (BWOFY)?
For today's price to be fair in a discounted-cash-flow model, BW Offshore Limited would have to grow free cash flow by +10.0 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -10.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BWOFY use?
Our models discount BW Offshore Limited at 10.2 %: a base by market capitalisation (small), damped by beta 0.62, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For BW Offshore Limited that is +10.0 % per year a year over ten years, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has BW Offshore Limited (BWOFY) delivered so far?
Over the past 5 years revenue at BW Offshore Limited grew -10.5 % a year. The price currently implies +10.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of BW Offshore Limited (BWOFY) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into BW Offshore Limited (+10.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of BW Offshore Limited (BWOFY)?
The free-cash-flow yield on the price is 4.54 %: that much free cash flow BW Offshore Limited produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BW Offshore Limited (BWOFY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BW Offshore Limited it is $15.16 per share (as of Sep 24, 2026), against a price of $9.25. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is BW Offshore Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BWOFY trades below its calculated fair value: price $9.25, fair value $15.16, a gap of about +64% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BWOFY?
No. The price is what the market pays today ($9.25); the fair value is what the company's own numbers justify ($15.16). For BW Offshore Limited the two are $5.91 per share apart. That gap is exactly why we show both numbers side by side.
How much is BW Offshore Limited worth?
The market values BW Offshore Limited at about $1.7B (market capitalisation, as of Sep 24, 2026). Per share that is $9.25; our models calculate a fair value of $15.16 per share.
What do the bullish and bearish scenarios say about BWOFY?
Our models span a range for BW Offshore Limited: cautious scenario $12.22, base $15.16, optimistic $19.04 per share (as of Sep 24, 2026, price $9.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BWOFY?
BW Offshore Limited trades at a price-to-earnings ratio of 6.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $15.16 is built from several models across several years. Other multiples: P/B 1.3, P/S 3.3, EV/EBITDA 6.0.
How solid is the balance sheet of BW Offshore Limited (BWOFY)?
Balance-sheet figures for BW Offshore Limited (as of Sep 24, 2026): return on equity 10.6%, debt of 0.10 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is BWOFY from its 52-week high?
BW Offshore Limited trades at $9.25, about 24% below its 52-week high of $12.25 and 43% above the low of $6.48 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $15.16 is for.
Which stocks are comparable to BW Offshore Limited?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, TechnipFMC plc, Halliburton Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BW Offshore Limited stock attractive at the current price?
The data as of Sep 24, 2026: price $9.25, calculated fair value $15.16 (+64%), Quality Score 52/100, from 21 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BWOFY calculated?
We run BW Offshore Limited through 21 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $15.16, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. BW Offshore Limited currently trades 39 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BW Offshore Limited (BWOFY)?
The latest price we hold is from Sep 25, 2026 and stands at $9.25. Our model-based fair value is $15.16, about +64% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BW Offshore Limited right now?
The price is below even our cautious bear case ($12.22). The market is more pessimistic than our downside scenario. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of BW Offshore Limited
How large is the market capitalisation of BW Offshore Limited (BWOFY)?
The market capitalisation of BW Offshore Limited is $1.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BW Offshore Limited (BWOFY)?
The price-to-sales ratio of BW Offshore Limited is 1.65 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BW Offshore Limited (BWOFY)?
Earnings per share at BW Offshore Limited are $1.48 (price ÷ EPS = P/E 6.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BW Offshore Limited (BWOFY)?
The dividend yield of BW Offshore Limited is 6.0% (payout 37.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of BW Offshore Limited (BWOFY)?
The net margin of BW Offshore Limited is 26.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BW Offshore Limited (BWOFY)?
The return on equity (ROE) of BW Offshore Limited is 10.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of BW Offshore Limited (BWOFY)?
On an EBIT basis the return on assets of BW Offshore Limited is 3.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How fast is revenue growing at BW Offshore Limited (BWOFY)?
Revenue at BW Offshore Limited is growing −6.1% versus a year earlier (3y avg −13.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BW Offshore Limited (BWOFY)?
Earnings per share at BW Offshore Limited are growing −34.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does BW Offshore Limited (BWOFY) carry?
The net debt of BW Offshore Limited is $173M (fiscal year 2023, ≈ 2.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Sep 24, 2026