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Tidewater Inc (TDGMW) Fair Value & Analysis

Energy · US · Market cap $375M · ISIN US88642R1095

What is Tidewater Inc really worth?

TI Tidewater Inc logo Tidewater Inc TDGMW · US
Price from Aug 25, 2026$98.80
Fair Value$70.79
Upside−28.4%
Quality64/100

A solid business, but trading 40% above our fair value of $70.79.

As of Aug 19, 2026, the fair value of Tidewater Inc is $70.79 per share against a price of $98.80, so the fair value sits 28% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Healthy Growth (revenue 5y +27.8 %/yr)
Highly profitable · 22.2% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Wide moat 65/100

Risks

!Evidence only medium, so the estimate is less certain
!The models disagree: range $52.83 to $203.05
Evidence: Medium Range $52.83 – $203.05

Fair value as of: Aug 19, 2026

From 26 valuation models · updated 18 days ago

Fair value updated Aug 19, 2026, revised from $59.54 to $70.79 (+18.9%) since Aug 13, 2026. Share price +18.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide ($52.83 to $203.05). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

$122.00 $5.00 Fair Value $70.79 Mar 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range $5.00 – $122.00 · fair‑value band $52.83 – $203.05 · the $98.80 price screens above the $70.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Tidewater Inc (TDGMW) currently trades at $98.80, while our model-based Fair Value estimate is $70.79, implying the stock looks roughly 39.6% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Energy sector. Bull case: the Multiples group reads highest at a median of $647.71 per share, and 26 of the 26 models we run sit above the $98.80 price. Bear case: the Dividend Discount group reads lowest at $119.27, and 0 of the 26 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Tidewater Inc generated revenue of $1.3B at a net margin of 22.2%. Revenue declined 43.1% year over year. It earns a return on equity of 24.0%. Net debt stands at $76.1M. Fundamentals as of Aug 19, 2026

Our scenario range runs from $52.83 (bear case) to $203.05 (bull case); at $98.80, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 173% above its 52-week low. For context, the median of 10 Energy peers we cover trades at −41% fair-value upside, at −28%, TDGMW screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
FCF DCF $1,249 $1,832 $3,574 77
Growth DCF $1,169 $1,952 $3,393 76
EPV $532.06 $607.14 $669.70 74
All 26 models by family
DCF Models
FCF DCF $1,249 $1,832 $3,574 77
Owner Earnings $1,526 $3,183 $6,258 72
5Y Revenue Exit $610.11 $907.27 $1,516 71
5Y EBITDA Exit $749.88 $1,190 $2,046 73
5Y P/E Exit $1,028 $2,177 $3,718 68
10Y Revenue Exit $817.84 $1,440 $1,724 67
10Y EBITDA Exit $922.45 $1,715 $2,986 66
10Y P/E Exit $1,108 $2,261 $4,099 61
Earnings-Based
Graham-Dodd $599.75 $4,183 $5,870 63
Lynch FV $1,703 $2,433 $3,163 61
PEG = 1.0 $1,703 $2,433 $3,163 57
EPV $532.06 $607.14 $669.70 74
Dividend Discount
Gordon GGM $72.46 $130.57 $179.74 68
DDM Multi-Stage $72.46 $119.27 $139.48 67
Multiples
P/E Multiple $926.08 $1,235 $1,543 63
P/S Multiple $320.87 $427.82 $534.78 58
P/B Multiple $485.78 $647.71 $809.64 55
EV/EBIT $555.00 $746.17 $937.35 66
EV/EBITDA $504.78 $679.22 $853.65 67
EV/Revenue $280.95 $409.30 $537.65 53
Asset-Based
NCAV (Graham) $179.92 $241.09 $359.84 54
Growth DCF
Growth DCF $1,169 $1,952 $3,393 76
Rev-Margin DCF $626.87 $1,042 $1,843 70
Economic Profit
Residual Income $522.32 $746.99 $4,241 64
ROIC Compounder $659.04 $933.57 $1,099 72
Growth Earnings
Growth-Adj P/E $1,865 $2,664 $3,464 67

Widest divergence: Growth Earnings ($2,664) versus Dividend Discount ($119.27). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/S ratio 0.28 TTM
Dividend yield 9.4%
Net margin 24.7% FY2025
Return on equity 24.0% TTM
Return on assets (EBIT) 6.2% avg 5y
Operating margin −8.7% TTM
More key figures
Growth
Revenue (TTM) $1.3B TTM
Revenue growth (YoY) −43.1% 3y avg +27.8%
Balance sheet & cash flow
Free cash flow $353M FY2025
Net debt $76.1M FY2025 · ≈ 0.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 64 · Market factors (momentum, volatility) 77

Profitability 67
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 69
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide. The company operates through five segments: Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa.

Full company description

Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide. The company operates through five segments: Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa. It offers phases of offshore crude oil and natural gas exploration, field development, production, maintenance, and windfarm development and maintenance activities; towing and anchor handling for mobile offshore drilling units; transportation of supplies and personnel necessary to sustain drilling, workover, and production operations; and field abandonment, dismantlement, and restoration activities. The company also provides offshore construction; seismic and subsea support; various other specialized services, such as pipe laying, cable laying, and geotechnical survey support for windfarm construction. Its vessels consist of anchor handling towing supply vessels, platform supply vessels, and other specialty vessels, as well as crew boats, utility vessels, and offshore tugs. The company serves integrated and independent oil and gas exploration, development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government-controlled organizations engaged in the exploration, development, and production of oil and gas; offshore drilling contractors; and other companies that provide services to the offshore energy industry comprising offshore construction companies, windfarm development companies, diving companies, and well stimulation companies. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tidewater Inc reported revenue of $1.4B in FY2025 versus $371M in FY2021, a compound +38.2%/yr. Reported net income was $335M in FY2025.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$1.4B
Latest YoY
+0.5%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.8%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.8%
Avg. revenue growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.7%
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years, adjusted) plus dividend yield: value created per share and year.
+17.0% · in USD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+7.6%
Dividend yield9.4%
Operating margin (EBIT) 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.−16.1% (2020) → 21.4% (2025) · rising
Worst earnings drop72,972% (2019) (loss year, drop beyond 100%) · in USD
Revenue +38.2%/yr
FY21 $371M
FY22 $648M
FY23 $1.0B
FY24 $1.3B
FY25 $1.4B
Net income
FY21 −$129M
FY22 −$21.7M
FY23 $97.2M
FY24 $181M
FY25 $335M

TDGMW screens 40% overvalued. Compare with SLB N.V →

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Cite: Fair Value Calculator (2026). "Tidewater Inc Fair Value". https://www.fairvalue-calculator.com/stock/TDGMW

Peer Group

Oil & Gas Equipment & Services · 186 stocks

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.

Quality Score 64 · Top 25%
Fair Value upside −28% · Above median
Return on equity (TTM) 24% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) −9% · Bottom 25%
Revenue growth −43% · Bottom 25%
Dividend yield (TTM) 9.4% · Top 25%
Debt / equity 0.48× · Higher than 75% of peers

Valuation Multiples vs Oil & Gas Equipment & Services median · lower = cheaper

P/B 0.27× · Cheaper than 75% of peers
P/S (TTM) 0.28× · Cheaper than 75% of peers
P/FCF 1.1× · Cheaper than 75% of peers
EV/EBITDA 1.1× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 0
PAST96 · sector 29
HEALTH76 · sector 92
DIVIDEND100 · sector 36

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
SLB N.V SLB $57.33 $28.66 −50%
Baker Hughes Company BKR $64.63 $32.40 −50%
TechnipFMC plc FTI $75.27 $27.43 −64%
Halliburton Company HAL $36.18 $21.50 −41%
Tenaris S.A TS $53.09 $45.68 −14%
Yantai Jereh Oilfield Services Group 002353 ¥144.58 ¥34.17 −76%
Saipem SpA SPM €4.57 €2.72 −40%
Subsea 7 S.A SUBC kr 341.20 kr 221.37 −35%
China Oilfield Services Limited 601808 ¥12.31 ¥12.64 +3%
Gaztransport & Technigaz SA GTT €216.20 €95.01 −56%

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Frequently asked questions

Is Tidewater Inc (TDGMW) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of $70.79 versus the last price from Aug 25, 2026 of $98.80, about −28% upside (overvalued).
What is the fair value of TDGMW?
Our model-based fair value for Tidewater Inc is $70.79 (as of Aug 19, 2026), built from audited fundamentals. Last price (from Aug 25, 2026): $98.80.
What is the quality score of TDGMW?
Tidewater Inc has a Quality Score of 64/100. 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 Tidewater Inc (TDGMW)?
Our model-based price target is the fair value of $70.79 (as of Aug 19, 2026) from 26 valuation models. Cautious scenario $52.83, optimistic scenario $203.05. It is a calculation from audited fundamentals, not an analyst target.
What is the Tidewater Inc stock forecast for 2026?
Our models put fair value at $70.79, about −28% upside versus the last price from Aug 25, 2026 of $98.80 (overvalued). Cautious scenario $52.83, optimistic scenario $203.05. The calculation is refreshed regularly with new filings.
What is the revenue of Tidewater Inc (TDGMW)?
Tidewater Inc reported trailing-twelve-month revenue of about $1.3B (latest available figure, as of Aug 19, 2026).
What is the net profit margin of TDGMW?
The net profit margin of Tidewater Inc is about 22.2%, meaning it keeps roughly 22.2% of revenue as net income. Based on the latest reported figures.
Does Tidewater Inc pay a dividend?
Tidewater Inc currently shows a dividend yield of about 9.44% relative to its recent price (as of Aug 19, 2026).
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