What is Oceaneering International Inc worth?
With the base-case assumptions below, a discounted cash flow model on Oceaneering International Inc's reported free cash flow gives $50.27 per share. The share price was $35.25 on November 10, 2026, 30% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 4.0% | 10.0% | $31.73 | -10% |
| Base | 9.0% | 9.0% | $50.27 | +43% |
| Bull | 14.0% | 8.0% | $84.85 | +141% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $63.85 | $68.03 | $73.14 | $79.53 | $87.74 |
| 8.0% | $53.69 | $56.40 | $59.60 | $63.45 | $68.14 |
| 9.0% | $46.27 | $48.13 | $50.27 | $52.76 | $55.71 |
| 10.0% | $40.63 | $41.95 | $43.45 | $45.15 | $47.12 |
| 11.0% | $36.21 | $37.17 | $38.25 | $39.47 | $40.84 |
Where the presets come from
Base: years 1 to 5 grow at Oceaneering International Inc's revenue growth rate over the last 5 fiscal years (8.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions