TGM's two-stage DCF values Oceaneering International, Inc. (OII) between $17.20 and $27.64 depending on assumptions, with a base case of $21.53. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (9.9%) reflects its beta.
What would today's price require?
$51.40 is justified only if free cash flow grows about +34.6% a year (fading to 2.5% long-run) at a 9.9% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 7.2%/yr | 10.9% | $17.20 |
| Base case | 10.2%/yr | 9.9% | $21.53 |
| Optimistic | 13.2%/yr | 8.9% | $27.64 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 6, 2026 · assumptions not provided | $55.73 | |
The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.
Current Price
$51.40
Market-Implied Growth
+34.6%/yr
vs +10.7% 5Y actual
Model Scenario Range
$17.20 – $27.64
model output — not a price target
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for OII (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $102.7M · 0.10B shares · net cash $201.5M
Estimated Fair Value
$21.53
-58.1% vs $51.40
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 10.2%/yr FCF growth and 10-year horizon fixed. Green = above today's $51.40; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.9% | $25.50 | $27.15 | $29.10 | $31.45 | $34.33 |
| 8.9% | $22.18 | $23.36 | $24.72 | $26.31 | $28.19 |
| 9.9% | $19.66 | $20.53 | $21.53 | $22.66 | $23.98 |
| 10.9% | $17.67 | $18.35 | $19.10 | $19.95 | $20.90 |
| 11.9% | $16.08 | $16.61 | $17.19 | $17.84 | $18.57 |
