Helix Energy Solutions Group, Inc.

Helix Energy Solutions Group, Inc.

HLXยทNYSE

$9.54

-1.9%
EnergyOil & Gas Equipment & Services

Helix Energy Solutions Group, Inc., an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities. It engages in the installation of flowlines, control umbilicals, and manifold assemblies and risers; trenching and burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection activities; and provision of cable and umbilical lay, and connection services. The company also provides well intervention, intervention engineering, and production enhancement services; inspection, repair, and maintenance of production structures, trees, jumpers, risers, pipelines, and subsea equipment; and related support services. In addition, it offers reclamation and remediation services; well plug and abandonment services; pipeline abandonment services; and site inspections. Additionally, the company offers oil and natural gas processing facilities and services; and fast response system, as well as site clearance and subsea support services. It serves independent oil and gas producers and suppliers, pipeline transmission companies, renewable energy companies, and offshore engineering and construction firms. The company was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group, Inc. in March 2006. Helix Energy Solutions Group, Inc. was incorporated in 1979 and is headquartered in Houston, Texas.

At a Glance

Live Snapshot
Market Cap$1.41B
EPS0.2100
P/E Ratio45.43
Earnings Date07/22/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 45.4).

Valuation inputs: P/E 45.4, earnings yield +2.2%, momentum -1.9%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +1.9%, ROIC +1.9%).

Profitability stack: net margin +2.4%, ROE +1.9%, ROIC +1.9%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +41.4%, momentum -1.9%, net margin +2.4%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Helix Energy Solutions Group, Inc. Market vs Earnings Trajectory

HLX ยท NYSE

Loading price and EPS data...

Helix Energy Solutions Group, Inc.

Helix Energy Solutions Group, Inc. Fair Value Envelope

HLX ยท NYSE

Our analysis suggests that HLX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $9.54, this represents a potential HIDDEN relative to our calculated worth for Helix Energy Solutions Group, Inc..

Intrinsic Value
Current Price: $9.54
3Y-136.0%
5Y+62.0%
10Y-129.0%
3Y+48.0%
5Y+76.0%
10Y+165.0%
3Y-135.0%
5Y+39.0%
10Y-138.0%
3Y+168.0%
5Y+38.0%
10Y+253.0%
3Y+584.0%
5Y+53.0%
10Y-181.0%
3Y+13.0%
5Y+8.0%
10Y+20.0%
Helix Energy Solutions Group, Inc.

Helix Energy Solutions Group, Inc. Profit Bridge

HLX ยท NYSE
Revenue1.29B
Cost of Goods Sold (1.13B)
Gross Profit159.14M
Operating Expenses (94.00M)
Operating Income65.14M
Interest Expense (22.78M)
Other Income/Expense-22.66M
Pretax Income42.48M
Income Tax (11.65M)
Net Income30.83M
Net Income
30.83M

Profitability Analysis

Gross Margin

12.3%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

5.0%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

2.4%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

27.4%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

12.32%
Gross Profit Margin
-24%
3Y+113.0%
5Y+13.0%
10Y+29.0%
5.04%
Operating Profit Margin
-46%
3Y-268.0%
5Y+184.0%
10Y-139.0%
2.39%
Net Profit Margin
-42%
3Y-124.0%
5Y-21.0%
10Y-114.0%
1.95%
Return on Equity
-47%
3Y-134.0%
5Y+53.0%
10Y-131.0%
1.14%
Return on Assets
-47%
3Y-131.0%
5Y+29.0%
10Y-132.0%
1.91%
Return on Invested Capital
-48%
3Y-260.0%
5Y+247.0%
10Y-174.0%
HLX

Helix Energy Solutions Group, Inc. Cash Conversion Engine

HLX ยท NYSE
Net Income30.83M
Depreciation & Amortization134.54M
Stock-Based Compensation6.57M
Change in Working Capital-48.71M
Others21.59M
Capital Expenditures-16.34M
Free Cash Flow120.41M

Cash Flow Quality Analysis

FCF Conversion Rate

390.6%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

12.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-26.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$48.71M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

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Helix Energy Solutions Group, Inc. Funding & Solvency Profile

HLX ยท NYSE
Cash & Cash Equivalents501.27M
Net Receivables230.11M
Inventory0.00
Other Current Assets87.91M
Total Current Assets819 M
Property, Plant & Equipment1.62B
Goodwill & Intangible Assets3.13M
Long-Term Investments27.95M
Other Non-Current Assets94.72M
Total Non-Current Assets2 B
Total Assets
2.57B

Financial Health Analysis

Current Ratio

2.92x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.65x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

538 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

32% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Helix Energy Solutions Group, Inc. Street Expectations Map

HLX ยท NYSE

Wall Street analysts project that HLX stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 14.00, with estimates ranging from a low of 14.00 to a high of 14.00.

Lowest Target
14.00
46.75%
Consensus Target
14.00
46.75%
Highest Target
14.00
46.75%

The consensus 1-year price target stands at 14.00, with estimates ranging from a low of 14.00 to a high of 14.00.

Analyst Consensus Analysis

Upside Potential

+46.8%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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Helix Energy Solutions Group, Inc. Insider Positioning

HLX ยท NYSE

During the last 12 months, insiders have sold $275K worth of HLX shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

40.0K

275.16K

Net Activity

-275K

-$275K

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
SSA

Sparks Scott Andrew

Officer: Evp & Coo

40.0K sharesโ€ข1 transactions

$275K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $275K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

1 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

HLX has not reported any dividend yield values in the available annual periods.

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hlx Dividend History

HLX
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%