A Business at a Glance
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ODYSSEY MARINE EXPLORATION INC
OMEX
$20M
Mkt Cap
$0.69
-5.61%
ODYSSEY MARINE EXPLORATION INC (OMEX) has a current P/E ratio of 9.9, compared to its historical median P/E of 12.8. The stock is currently considered Fair based on its historical valuation range.
ODYSSEY MARINE EXPLORATION INC (OMEX) has a 5-year average return on invested capital (ROIC) of -85.7%. This is below average and may indicate limited pricing power.
ODYSSEY MARINE EXPLORATION INC (OMEX) has a market capitalization of $38M. It is classified as a small-cap stock.
ODYSSEY MARINE EXPLORATION INC (OMEX) does not currently pay a regular dividend.
Based on historical P/E analysis, ODYSSEY MARINE EXPLORATION INC (OMEX) appears fair. The current P/E of 9.9 is 23% below its historical median of 12.8. The estimated fair value CAGR (P/E method) is 5.3%.
ODYSSEY MARINE EXPLORATION INC (OMEX) operates in the Water Transportation industry, within the Industrials sector.
ODYSSEY MARINE EXPLORATION INC (OMEX) generated $558 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Odyssey Marine Exploration, Inc. discovers, validates, and develops high-value seafloor mineral resources in an environmentally responsible manner, providing access to critical resources that can transform societies and economies for generations to come. We have a diversified mineral portfolio that includes projects controlled by us and other projects in which we are a minority owner and service provider. In addition, our team is continually working to add new projects to the portfolio by identifying potential new assets through a proprietary “Global Prospectivity Program” leading to the acquisition of appropriate rights. Our development focus is on projects that can meet stringent standards for environmental responsibility and sustainability while unlocking benefits for the host country. Environmental protection remains at the forefront of the strategic and tactical decision-making processes in all our work.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 354K | - | - | - | - | - |
| Net Income | -43M | 16M | 5.3M | -22M | -10.0M | -15M |
| EPS | $-0.95 | $0.07 | $0.27 | $-1.28 | $-0.75 | $-1.41 |
| Free Cash Flow | -8.9M | 558K | 8.8M | -12M | -5.4M | -9.2M |
| ROIC | -67.0% | -64.9% | -45.4% | -128.7% | -104.6% | -84.9% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | -1.41 | -0.66 | -0.06 | -1.61 | -0.13 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -13M | -12M | -10M | -18M | -15M | -13M |
| Operating Margin | -3797.1% | - | - | - | - | - |
| ROE | 0.0% | - | -13.9% | 62.6% | - | - |
| Shares Outstanding | 56M | 29M | 20M | 17M | 13M | 11M |
| Metric | 2018 | 2019 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 24M | N/A | N/A | 4.7M | N/A | 3.3M | N/A | N/A | N/A | N/A | N/A | N/A | 354K |
| Gross Margin | 22.2% | N/A | N/A | 18.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 14M | 9.8M | 11M | 8.0M | 6.2M | 5.7M | 5.5M | 3.7M | 6.3M | 9.4M | 6.8M | 9.7M | 11M |
| EBIT | -17M | -28M | -22M | -11M | -8.4M | -6.1M | -10M | -13M | -15M | -18M | -10M | -12M | -13M |
| Op. Margin | -70.9% | N/A | N/A | -225.3% | N/A | -185.2% | N/A | N/A | N/A | N/A | N/A | N/A | -3797.1% |
| Net Income | -11M | -26M | -18M | -6.3M | -7.8M | -5.2M | -10M | -15M | -10.0M | -22M | 5.3M | 16M | -43M |
| Net Margin | -44.9% | N/A | N/A | -134.9% | N/A | -157.9% | N/A | N/A | N/A | N/A | N/A | N/A | -12180.6% |
| Non-Recurring | 0 | 0 | 152K | 993K | 289K | 898K | 0 | 0 | 0 | 0 | 160K | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -103.3% | -172.1% | N/M | -164.0% | N/M | -87.6% | -153.4% | -84.9% | -104.6% | -128.7% | -45.4% | -64.9% | -67.0% |
| ROE | 284.5% | N/A | 136.9% | 35.9% | 37.3% | N/A | N/A | N/A | N/A | 62.6% | -13.9% | N/A | 0.0% |
| ROA | -27.4% | -69.2% | -113.8% | -105.3% | -192.6% | -122.5% | -193.3% | -173.4% | -111.8% | -193.9% | 29.2% | 75.9% | -272.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -20M | -29M | -17M | -8.3M | -5.9M | -6.5M | -5.4M | -9.2M | -5.4M | -10M | 10M | 642K | -8.8M |
| Free Cash Flow | -25M | -32M | -17M | -8.4M | -5.9M | -6.5M | -5.5M | -9.2M | -5.4M | -12M | 8.8M | 558K | -8.9M |
| Owner Earnings | -24M | -36M | -21M | -11M | -7.3M | -18M | -16M | -17M | -6.7M | -12M | 9.3M | -1.4M | -9.4M |
| CapEx | 4.5M | 3.0M | 48K | 130K | 0 | 10K | 15K | 0 | 19K | 1.5M | 1.3M | 84K | 16K |
| Maint. CapEx | 1.9M | 5.5M | 1.4M | 1.1M | 761K | 11M | 11M | 7.3M | 9K | 88K | 243K | 79K | 295K |
| Growth CapEx | 2.6M | 0 | 0 | 0 | N/A | 0 | 0 | N/A | 10K | 1.4M | 1.1M | 5K | 0 |
| D&A | 1.9M | 5.5M | 1.4M | 1.1M | 761K | 11M | 11M | 7.3M | 9K | 88K | 243K | 79K | 295K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 13.1% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 2.5M | 2.2M | 2.7M | 1.7M | 726K | 279K | 55K | 421K | 1.3M | 1.8M | 586K | 2.0M | 222K |
| Debt Repayment | 247K | 247K | 1.8M | 159K | 409K | 350K | 346K | 286K | 355K | 5.5M | 11M | 3.0M | 3.0M |
| Balance Sheet | |||||||||||||
| Net Debt | -9.0M | 13M | 559K | 2.7M | 1.9M | -862K | 3.1M | -2.5M | 37M | 1.1M | 18M | 13M | -3.5M |
| Cash & Equiv. | 21M | 3.1M | 2.2M | 1.7M | 1.1M | 2.8M | 213K | 6.2M | 2.3M | 1.4M | 4.0M | 4.8M | 3.5M |
| Long-Term Debt | 12M | 16M | 2.8M | 4.3M | 3.0M | 1.9M | 3.3M | 3.6M | 18M | 2.2M | 21M | 9.9M | 9.9M |
| Debt/Equity | 0.93 | -1.51 | -0.17 | -0.23 | -0.13 | -0.09 | -0.11 | -0.13 | -1.61 | -0.06 | -0.66 | -1.41 | 0.00 |
| Interest Coverage | -4.7 | -18.1 | -4.7 | -4.4 | -3.1 | -1.9 | -1.9 | -1.8 | -1.4 | -7.8 | -2.1 | -1.8 | -1.8 |
| Equity | 13M | -10M | -16M | -19M | -23M | -22M | -29M | -28M | -26M | -44M | -32M | -16M | -38M |
| Total Assets | 51M | 25M | 6.9M | 5.1M | 3.0M | 5.5M | 5.3M | 12M | 8.9M | 14M | 23M | 18M | 16M |
| Total Liabilities | 38M | 42M | 32M | 36M | 41M | 47M | 59M | 70M | 71M | 103M | 109M | 98M | 91M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -176M | -202M | -221M | -227M | -235M | -240M | -250M | -265M | -275M | -301M | -296M | -280M | -324M |
| Working Capital | 5.7M | -7.6M | -21M | -24M | -31M | -37M | -50M | -47M | -49M | -38M | -27M | -17M | -7.3M |
| Current Assets | 34M | 11M | 3.5M | 2.8M | 1.8M | 4.6M | 1.2M | 6.9M | 3.3M | 4.0M | 4.9M | 5.8M | 4.4M |
| Current Liabilities | 28M | 19M | 25M | 27M | 33M | 42M | 51M | 54M | 53M | 42M | 31M | 22M | 12M |
| Per Share Data | |||||||||||||
| EPS | -1.54 | -44.88 | -29.52 | -0.84 | -0.95 | -0.60 | -1.12 | -1.41 | -0.75 | -1.28 | 0.27 | 0.07 | -0.95 |
| Owner EPS | -3.50 | -61.53 | -34.50 | -1.47 | -0.90 | -2.05 | -1.73 | -1.61 | -0.50 | -0.70 | 0.47 | -0.05 | -0.17 |
| Book Value | 1.89 | -17.64 | -26.26 | -2.53 | -2.77 | -2.54 | -3.14 | -2.63 | -1.96 | -2.58 | -1.64 | -0.56 | -0.68 |
| Cash Flow/Share | -2.87 | -48.41 | -27.83 | -1.10 | -0.72 | -0.75 | -0.58 | -0.87 | -0.41 | -0.59 | 0.51 | 0.02 | -0.77 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 7.0M | 0.6M | 0.6M | 7.5M | 8.2M | 8.6M | 9.3M | 10.5M | 13.3M | 17.2M | 19.8M | 29.2M | 55.8M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 16.6 | 9.0 | -0.7 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.1 | 32.8 | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 13.2 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | 10.3 | N/A | N/A | 5.5 | N/A | 17.9 | N/A | N/A | N/A | N/A | N/A | N/A | 108.8 |
| FCF Yield | -14.1% | -40.1% | -69.2% | -34.6% | -19.1% | -21.2% | -18.1% | -12.7% | -7.5% | -19.6% | 9.9% | 3.0% | -23.0% |
| Market Cap | 174M | 79M | 25M | 24M | 31M | 30M | 30M | 72M | 72M | 60M | 89M | 18M | 38M |
| Avg. Price | 35.61 | 18.54 | 6.39 | 3.46 | 3.97 | 6.79 | 4.92 | 5.03 | 6.52 | 4.23 | 3.47 | 3.26 | 0.69 |
| Year-End Price | 25.32 | 11.10 | 3.36 | 3.24 | 3.76 | 3.53 | 3.24 | 6.88 | 5.45 | 3.45 | 4.49 | 0.63 | 0.69 |
ODYSSEY MARINE EXPLORATION INC passes 2 of 9 quality checks, indicating weak fundamentals.
ODYSSEY MARINE EXPLORATION INC trades at 9.9x trailing earnings, compared to its 15-year median P/E of 12.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 36.1x vs a median of 21.4x. At current prices, the estimated annualized return to fair value is +2.1%.
ODYSSEY MARINE EXPLORATION INC (OMEX) reported earnings per share (EPS) of $0.07 in its most recent fiscal year.
The Ledger Terminal provides 16 years of financial data for ODYSSEY MARINE EXPLORATION INC (OMEX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ODYSSEY MARINE EXPLORATION INC (OMEX) has a book value per share of $-0.56, based on its most recent annual SEC filing.