Hornbeck Offshore Services, Inc. (HOS)

Oil & Gas Field Services, NEC

Latest Price

$7.06

TTM P/E

26.15

Normalized P/E

TTM Div Yield

Fwd Div Yield

Book Value

10.75

P/B Ratio

0.66

Valuation metrics

EPS: $0.21

Book value / share: $10.73

Formula: √(22.5 × EPS × BVPS)

Graham Number

$7.12

+2% upside

Norm. op. income: $64M (median of 7yr)

Tax rate: 27%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$4.06

42% downside

Base FCF: $132M (median of recent 5yr)

Growth: 24%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$61.72

+783% upside

EPS: $0.21

Target P/E: 26×

Formula: EPS × P/E

P/E Fair Value

$5.46

22% downside