SMHI US78413P1012

Report

Real-time Estimate Cboe BZX - 02:27:10 2023-02-01 pm EST
10.18	USD		-0.63%

2022	Seacor Marine Holdings Inc. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)	AQ
2022	Seacor Marine Holdings Inc.'s Subsidiary SEACOR Offshore OSV LLC Enters into Amendment No. 8 to Certain Second Amended and Restated Credit Facility Agreement with DNB Capital LLC and Comerica Bank	CI
2022	Seacor Marine : Q3 Earnings Snapshot	AQ

Financials

Valuation

Fiscal Period: December	2017	2018	2019	2020	2021
Capitalization¹	207	240	301	63,5	82,9
Enterprise Value (EV)¹	411	551	643	519	418
P/E ratio	-6,26x	-3,17x	-3,49x	-0,85x	2,62x
Yield	-	-	-	-	-
Capitalization / Revenue	1,19x	0,95x	1,50x	0,45x	0,48x
EV / Revenue	2,37x	2,17x	3,19x	3,66x	2,45x
EV / EBITDA	-12,9x	38,8x	31,2x	121x	-2 214x
Enterprise Value (EV) / FCF	-21,4x	-11,2x	-35,8x	-16,2x	9,15x
FCF Yield	-4,68%	-8,92%	-2,80%	-6,17%	10,9%
Price to Book	0,41x	0,46x	0,66x	0,16x	0,20x
Nbr of stocks (in thousands)	17 671	20 439	21 855	23 435	24 376
Reference price (USD)	11,7	11,8	13,8	2,71	3,40
Announcement Date	03/22/2018	03/12/2019	03/04/2020	03/12/2021	03/10/2022
¹ USD in Million

Income Statement Evolution (Annual data)

Fiscal Period: December	2016	2017	2018	2019	2020	2021
Net sales¹	216	174	254	201	142	171
EBITDA¹	-0,60	-31,9	14,2	20,6	4,30	-0,19
Operating profit (EBIT)¹	-58,7	-94,7	-58,0	-43,4	-52,9	-57,6
Operating Margin	-27,2%	-54,5%	-22,9%	-21,5%	-37,3%	-33,7%
Pre-Tax Profit (EBT)¹	-197	-113	-95,4	-97,1	-106	21,7
Net income¹	-132	-32,9	-77,6	-92,8	-78,9	33,1
Net margin	-61,2%	-18,9%	-30,6%	-46,1%	-55,6%	19,4%
EPS²	-7,47	-1,87	-3,71	-3,95	-3,18	1,30
Free Cash Flow¹	-97,7	-19,2	-49,2	-18,0	-32,0	45,7
FCF margin	-45,3%	-11,1%	-19,4%	-8,93%	-22,6%	26,7%
FCF Conversion	16 363%	60,2%	-346%	-87,3%	-744%	-24 189%
Dividend per Share	-	-	-	-	-	-
Announcement Date	05/04/2017	03/22/2018	03/12/2019	03/04/2020	03/12/2021	03/10/2022
¹ USD in Million ² USD

Income Statement Evolution (Quarterly data)

Fiscal Period: December

2020 Q3

2020 Q4

2021 Q1

2021 Q2

2021 Q3

2021 Q4

Net sales¹

45,7

36,0

36,5

42,8

43,7

48,0

EBITDA¹

5,02

1,93

1,59

1,03

1,08

2,19

Operating profit (EBIT)¹

-11,4

-16,9

-16,6

-14,3

-14,2

-14,7

Operating Margin

-24,9%

-46,9%

-45,3%

-33,4%

-32,6%

-30,6%

Pre-Tax Profit (EBT)¹

-20,8

-27,4

-23,7

62,5

-10,9

-21,3

Net income¹

-18,1

-38,8

-16,9

48,8

-5,83

-15,8

Net margin

-39,6%

-108%

-46,3%

114%

-13,3%

-33,0%

EPS²

-0,72

-1,54

1,79

-0,23

-0,62

Dividend per Share

Announcement Date

11/05/2020

03/11/2021

05/06/2021

08/04/2021

11/04/2021

03/10/2022

¹ USD in Million

² USD

Previous period

Next period

Balance Sheet Analysis

Fiscal Period: December	2016	2017	2018	2019	2020	2021
Net Debt¹	80,8	204	311	342	455	336
Net Cash position¹	-	-	-	-	-	-
Leverage (Debt / EBITDA)	-135x	-6,40x	21,9x	16,6x	106x	-1 775x
Free Cash Flow¹	-97,7	-19,2	-49,2	-18,0	-32,0	45,7
ROE (Net Profit / Equities)	-21,5%	-7,18%	-15,2%	-17,3%	-18,9%	2,41%
Shareholders' equity¹	615	458	510	538	417	1 376
ROA (Net Profit / Asset)	-3,30%	-5,85%	-3,43%	-2,57%	-3,26%	-3,73%
Assets¹	4 003	562	2 260	3 614	2 421	-889
Book Value Per Share²	30,8	28,8	25,7	20,9	17,1	17,2
Cash Flow per Share²	6,64	6,24	4,66	3,84	1,39	1,45
Capex¹	101	69,0	52,0	55,5	20,8	7,00
Capex / Sales	46,8%	39,7%	20,5%	27,5%	14,7%	4,10%
Announcement Date	05/04/2017	03/22/2018	03/12/2019	03/04/2020	03/12/2021	03/10/2022
¹ USD in Million ² USD

Key data

Capitalization (USD)	273 430 128
Net sales (USD)	170 941 000
Number of employees	1 616
Sales / Employee (USD)	105 780
Free-Float	83,1%
Free-Float capitalization (USD)	227 100 496
Avg. Exchange 20 sessions (USD)	393 676
Average Daily Capital Traded	0,14%

EPS & Dividend

Change in Enterprise Value/EBITDA

SEACOR MARINE HOLDINGS INC.