Oceaneering International OII

Name: OII Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored March 17, 2026

Price at analysis: $36.16

Crucible Score

70.9

Quality × Value Composite

KQI — Quality

67.4

B-

Fundamental Quality Index

KVI — Value

75.2

B+

Valuation Attractiveness Index

Crucible Verdict — OII

Oceaneering International (OII) trades at a notable discount to fair value with strong moat durability (83) anchoring an otherwise mixed profile. The company's impressive defensive positioning contrasts sharply with weak market position (52) and modest diversification, while insider selling adds caution despite performance-linked compensation. The 18% upside gap suggests patience may reward investors if operational execution improves.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

59.2

Growth Profile

64.9

Moat Durability⚠

83.2

Management Effectiveness

65.9

Diversification & Resilience⚠

56.0

Market Position

52.0

Weakest dimension: Market Position (52.0)

◆ KVI Value Dimensions

DCF Margin of Safety

66.3

FCF Yield & Cash Returns

57.8

Relative Valuation

95.0

Growth-Adjusted Value

86.1

Historical Valuation

83.0

Macro Context

91.7

◆ DCF Valuation Scenarios

Bear Case

$27.50

Base Case

$42.80

Bull Case

$62.30

Price at Analysis

$36.16

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$27.50	4.0%	8.5%	11.2%
🟢 Base	$42.80	6.5%	11.0%	10.5%
🟢 Bull	$62.30	9.0%	13.5%	9.8%

Key Assumptions: Revenue grew from ~$1.87B to ~$2.78B over 5 years (~8.3% CAGR) with operating margins expanding from 2.1% to 10.9%, reflecting a cyclical recovery in offshore energy services. WACC uses CAPM with 4.39% risk-free rate, 1.21 beta, and 5.5% ERP (10.06% base), adjusted slightly across scenarios. Tax rate normalized to 28% given volatile historical rates; capex intensity anchored near recent 4% of revenue as the fleet matures post heavy investment cycles.

◆ Financial Snapshot

Profitability

Gross Margin20.4%

Operating Margin10.9%

Net Margin12.7%

ROIC14.7%

ROE-6.2%

Balance Sheet

Balance SheetCR: 1.99

Cash ConversionFCF/EPS: 0.59x

Capital IntensityCapex/Rev: 4.0%

Altman Z-Score3.05 (Safe)

Piotroski F-Score5/9 (Mixed)

Growth

Revenue CAGR9.0% CAGR

Earnings CAGR20.8% CAGR

Growth ConsistencyCV: 4.42

Segment Breadth1/1 growing (100%)

Quarterly TrendRev∆, Margin↑, Exp↓

Earnings CredibilityTends to Beat

◆ Analyst Consensus & Leadership

Leadership & Governance

CEO Ownership1.4%

Compensation83% performance-based

Insider ActivitySelling

Capital AllocationROIC 14.7% vs WACC 6.0%

Earnings Beat Rate58% (12/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 17, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.