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 $49.24 per share. The share price was $46.26 on September 25, 2026, 6% 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% | $30.70 | -34% |
| Base | 9.0% | 9.0% | $49.24 | +6% |
| Bull | 14.0% | 8.0% | $83.82 | +81% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $62.82 | $67.00 | $72.11 | $78.50 | $86.71 |
| 8.0% | $52.66 | $55.37 | $58.57 | $62.42 | $67.11 |
| 9.0% | $45.24 | $47.10 | $49.24 | $51.73 | $54.68 |
| 10.0% | $39.60 | $40.92 | $42.42 | $44.12 | $46.09 |
| 11.0% | $35.18 | $36.14 | $37.22 | $38.44 | $39.81 |
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