Stock fact sheet · data as of
Tidewater Inc. (TDW): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Equipment & Services · United States · Value
Is TDW undervalued?
At 82.78 (close of 16 Oct 2026), TDW trades 52% below the GLS average fair value of 174.18. That average comes from 8 models run on the latest filings, and 5 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Tidewater Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between EPV (55.15) and GLS Growth (303.88). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files TDW under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for TDW
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 300.09 | +263% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 55.93 | -32% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 283.93 | +243% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 124.10 | +50% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 303.88 | +267% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 64.89 | -22% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 205.44 | +148% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 55.15 | -33% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -2.24 | -103% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 105.50 | +27% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Tidewater Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability TDW scores 5.7/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are high - ROIC 16.4%, ROE 24.5%, ROA 14.0% - with debt at 0.50 times equity and a free-cash-flow yield of 6.3%.
Tidewater Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Vessel 99%, Product and Service, Other 1% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 16.4% |
|---|---|---|---|
| GLS Moat | 5.7 / 10 | ROE | 24.5% |
| Debt / equity | 0.50 | ROA | 14.0% |
| Free-cash-flow yield | 6.3% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 80: Prime
With a Wheel Score of 80, Tidewater Inc. sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 25/25, Health 11/20, Moat 9/15, Premium 20/20, Stability 16/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 52% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 20,120 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 718k shares a day on a market cap of $4.1B, with a beta of 0.60 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 16 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 52% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 9 / 15 | moat 5.7/10 | |
| Premium | 20 / 20 | implied volatility 52% | |
| Stability | 16 / 20 | 718k shares/day, $4.1B cap, beta 0.60 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 9 Nov 2026 (after the close), 24 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Equipment & Services
The 12 companies below are the closest to Tidewater Inc. by market cap within the Oil & Gas Equipment & Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| OII Oceaneering International, Inc. | 43.05 | 76.59 | +44% | 83Prime | $4.3B |
| WHD Cactus, Inc. | 62.52 | 48.58 | -29% | 51Fair | $4.4B |
| SEI Solaris Energy Infrastructure, Inc. | 69.37 | 27.99 | -148% | 48Weak | $4.6B |
| KGS Kodiak Gas Services, Inc. | 47.81 | 27.34 | -75% | 62Fair | $4.8B |
| AROC Archrock, Inc. | 29.25 | 47.33 | +38% | 91Prime | $5.1B |
| WFRD Weatherford International plc | 75.45 | 171.67 | +56% | 86Prime | $5.4B |
| EFXT Enerflex Ltd. | 24.44 | 23.33 | -5% | 71Good | $3.0B |
| LBRT Liberty Energy Inc. | 16.70 | 17.28 | +3% | 65Good | $2.7B |
| NOV NOV Inc. | 18.64 | 18.66 | +0% | 69Good | $6.6B |
| WTTR Select Water Solutions, Inc. | 18.83 | 8.70 | -117% | 52Fair | $2.4B |
| EROK EagleRock Land LLC | 18.30 | 651.13 | +97% | 39No options | $2.0B |
| NESR National Energy Services Reunited Corp. | 19.11 | 42.83 | +55% | 81Prime | $1.9B |
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Start free See the Sunday ScanQuestions about TDW
Is TDW undervalued right now?
By the GLS models, yes: at 82.78 the stock is 52% below the average fair value of 174.18 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of TDW and what does it mean?
TDW scores 80 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for TDW?
174.18 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Tidewater Inc. report earnings next?
The next earnings report is due on 9 Nov 2026 (after the close), 24 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does TDW have listed options, and how liquid are they?
Yes. The nightly snapshot found 282 listed contracts with 20,120 open interest across all expiries and implied volatility of 52% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.