Ratings Icon Offshore

Equities

ICON

MYL5255OO004

End-of-day quote BURSA MALAYSIA Other stock markets 03:30:00 30/04/2024 am IST			5-day change	1st Jan Change
0.77 ^MYR	-3.75%		+6.94%	+31.62%

26/03	Malaysian private equity firm Ekuinas sells 50.2% stake in Icon Offshore	RE
26/03	Liannex Maritime Sdn Bhd acquirer a 50.2% stake in Icon Offshore Berhad from Hallmark Odyssey Sdn. Bhd. for MYR 170 million	CI

Summary

Overall, the company has poor fundamentals for a medium to long-term investment strategy.
From a short-term investment perspective, the company presents a deteriorated fundamental configuration.

Strengths

The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
The group's high margin levels account for strong profits.
Given the positive cash flows generated by its business, the company's valuation level is an asset.
Sales forecast by analysts have been recently revised upwards.
Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.

Weaknesses

As estimated by analysts, this group is among those businesses with the lowest growth prospects.
The potential for earnings per share (EPS) growth in the coming years appears limited according to current analyst estimates.
The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 70 times its estimated earnings per share for the ongoing year.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
The average price target of analysts who are interested in the stock has been significantly revised downwards over the last four months.
The average consensus view of analysts covering the stock has deteriorated over the past four months.
Over the past twelve months, analysts' opinions have been revised negatively.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector: Oil Related Services and Equipment

	1st Jan change	Capi.	ESG Refinitiv
ICON OFFSHORE	+31.62%	100M	B-
HALLIBURTON COMPANY	+0.50%	32.16B	B
BAKER HUGHES COMPANY	-6.70%	31.83B	A-
TECHNIPFMC PLC	+25.92%	10.93B	B+
WEATHERFORD INTERNATIONAL PLC	+21.49%	8.69B	B+
NOV INC.	-9.37%	7.27B	B
CHAMPIONX CORPORATION	+13.66%	6.32B	B-
CNOOC ENERGY TECHNOLOGY & SERVICES LIMITED	+42.81%	5.71B	B-
TIDEWATER INC.	+26.78%	4.82B	B
SAIPEM S.P.A.	+45.58%	4.61B	C+

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

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EBITDA / Sales

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7 days Revenue revision

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4 months EPS revision

Consensus

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4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

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Divergence of analysts' opinions

Divergence of Target Price

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Technical analysis

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