OMS Energy Technologies Inc. (NASDAQ: OMSE)

Sector: Energy Industry: Oil & Gas Equipment & Services CIK: 0002012219
Market Cap 171.29 Mn
P/B 1.00
P/E 5.85
P/S 1.09
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 6.88 Mn
Debt/Equity (Qtr) 0.04
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About

Investment thesis

Bull case

  • Strong operating cash flow of 43.50M provides robust 6.33x coverage of total debt 6.88M, indicating excellent debt servicing capability and financial flexibility.
  • Healthy cash reserves of 127.37M provide 103.30x coverage of short-term debt 1.23M, demonstrating strong liquidity position and minimal refinancing risk.
  • Operating cash flow of 43.50M provides exceptional 131.03x coverage of interest expenses 332000, showing strong debt service capability.
  • Strong tangible asset base of 211.37M provides 30.74x coverage of total debt 6.88M, indicating robust asset backing and low credit risk.
  • Operating cash flow of 43.50M provides exceptional 27.78x coverage of minority interest expenses 1.57M, showing strong core operations.

Bear case

  • Operating cash flow of 43.50M barely covers its investment activities of (2.08M), with a coverage ratio of -20.92, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Free cash flow of 41.02M represents just -33.27x of debt issuance (1.23M), suggesting concerning reliance on leverage rather than internal cash generation for growth.
  • Retained earnings of 72.08M provide limited buffer against comprehensive income items of (2.76M), which is -26.08x, indicating elevated exposure to market risks.
  • Tax assets of 1.93M provide limited offset against tax liabilities of 8.69M, which is 0.22x, indicating potential future cash flow pressure from tax obligations.
  • Tangible assets of 211.37M provide limited backing for working capital of 145.40M, which is 1.45x, suggesting increased operational risk in market downturns.

Categories of related parties [axis] Breakdown of Revenue (2025)

Markets of customers [axis] Breakdown of Revenue (2025)

Peer comparison

Companies in the Oil & Gas Equipment & Services
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 SLB Slb Limited/Nv 59.56 Bn 20.77 2.67 11.64 Bn
2 BKR Baker Hughes Co 59.13 Bn 22.85 2.13 6.09 Bn
3 FTI TechnipFMC plc 28.99 Bn 127.65 1.96 1.34 Bn
4 HAL Halliburton Co 28.83 Bn 22.47 1.30 8.13 Bn
5 WFRD Weatherford International plc 7.39 Bn 17.15 1.50 1.64 Bn
6 NOV NOV Inc. 7.09 Bn 48.90 0.81 2.34 Bn
7 VAL Valaris Ltd 6.32 Bn 15.83 2.61 1.09 Bn
8 KGS Kodiak Gas Services, Inc. 4.56 Bn 91.00 3.58 2.66 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.00 1.17
EV to Cash from Ops. EV to Cash from Ops. 0.00 -3.30
EV to Debt EV to Debt 0.00 10.99
EV to EBIT EV to EBIT 0.00 4.49
EV to EBITDA EV to EBITDA 0.00 6.54
EV to Free Cash Flow [EV/FCF] EV to Free Cash Flow [EV/FCF] 0.00 31.31
EV to Market Cap EV to Market Cap 0.00 1.36
EV to Revenue EV to Revenue 0.00 2.02
Price to Book Value [P/B] P/B 1.00 1.73
Price to Earnings [P/E] P/E 5.85 20.20
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 0.42
Dividend Payout Ratio % Dividend Payout Ratio % 0.00 5.49
Dividend per Basic Share Div per Share (Qtr) 0.00 0.26
FCF Dividend Payout Ratio % FCF Dividend Payout Ratio % 0.00 6.68
Interest Coverage Int. cover (Qtr) 118.91 -10.19
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 20.92 -37.90
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 104.30 1,334.16
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 4.06
EBIAT Growth (1y) % EBIAT Growth (1y) % -46.62 -12.71
EBITDA Growth (1y) % EBITDA Growth (1y) % -40.25 19.66
EBIT Growth (1y) % EBIT Growth (1y) % -43.24 -26.68
EBT Growth (1y) % EBT Growth (1y) % -43.18 39.97
EPS Growth (1y) % EPS Growth (1y) % 0.00 27.30
FCF Growth (1y) % FCF Growth (1y) % 2.13 -867.31
Gross Profit Growth (1y) % Gross Profit Growth (1y) % -39.46 5.49
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Utilization Ratio 0.74 0.74
Cash Payout Ratio Cash Payout Ratio 0.00 0.10
Cash Ratio Cash Ratio (Qtr) 5.37 0.62
Current Ratio Curr Ratio (Qtr) 7.13 2.25
Debt to Equity Ratio Debt/Equity (Qtr) 0.04 0.88
Interest Cover Ratio Int Coverage (Qtr) 118.91 -10.19
Times Interest Earned Times Interest Earned (Qtr) 118.91 -10.19
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 28.70 16.47
EBIT Margin % EBIT Margin % (Qtr) 25.11 -0.62
EBT Margin % EBT Margin % (Qtr) 24.90 4.39
Gross Margin % Gross Margin % (Qtr) 31.30 30.41
Net Profit Margin % Net Margin % (Qtr) 18.60 2.67