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HLX

Helix Energy Solutions Group Inc. Common Stock (HLX) fair value

Energy · Oil & Gas Equipment & Services · NYSE · United States
$10.60+2.91%
Market cap $1.6BNext earnings 2026-11-04Updated Oct 24, 2026
Our verdict
Trades 47% above our fair value
Price
$10.60
Model fair valueConfidence: good
$7.20
Model range
$4.39 to $9.30
Fair value $7.20
Price $10.60
4 models fit Helix Energy Solutions Group Inc. Common Stock and they partly agree: 2 of 4 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Gold89
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionHelix Energy Solutions Group Inc. Common Stock (HLX)
Fair value (4 models)
$7.20
ACCE price target
$10.50
Rating
Overvalued
Horizon
12 months
Fair value published on 24 Oct 2026, 16:06 CEST; previously $8.49 since 17 Oct 2026, 00:00 CEST.
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Rating published on 24 Oct 2026, 16:06 CEST.
Price used: $10.60 at the close on 16 Sept 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
47.2% above
-32.1% to fair value
ACCE score
78
out of 100
Analysts
83% buy
6 covering
P/E
44.2x
forward 19.5x
1-year return
+66.4%
Dividend yield
0.00%

Helix Energy Solutions Group Inc. Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Helix Energy Solutions operates a fleet of subsea intervention vessels, remotely operated vehicles and the Q5000 well-intervention system, serving offshore operators who need wells plugged, repaired or decommissioned without a full rig. The company's edge is the specialized vessel fleet and its Gulf of Mexico footprint, where few rivals can field comparable intervention capacity on short notice. Revenue growth of 23.5% and a 50.8% gross margin point to demand for that capability outrunning supply, though the forward P/E of 113.6 means the market is already paying for a sharp earnings recovery. The case for a closer look rests on whether utilization and day rates hold up as offshore decommissioning and maintenance work ramps, and on how much of the 21.6% operating margin can be sustained through that cycle. At a 44.2 trailing multiple and a 37.6% ROE, the question is whether the current earnings base is durable enough to justify the valuation.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 1 flagAI-assisted·How I use AI
  • moderate
    Short interest rising
    Short interest sits at 6.2% of ownership. Worth tracking alongside the recent quarter-on-quarter revenue decline of 13.8%.

AI research notes

AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Sep 16, 2026
Why it could do well
  • Revenue grew 23.5% year over year, well ahead of its 12.0% average annual pace over five years.
  • Free cash flow of $120M over the last twelve months gives a 7.7% yield at the current share price.
  • Analysts rate the stock Buy or Strong Buy at 83% (5 of 6), and their mean price target sits 15.6% above the share price.
Why it could disappoint
  • Trailing P/E of 44.2x compares with a sector median forward P/E of 16.2x, and even the forward 19.5x sits above that median.
  • Return on invested capital of 1.1% is thin, and offshore well intervention demand tied to oil capex is a medium-level risk on file.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where HLX's valuation models land
Price
$10.60
Model fair value
$7.20
Model range
$4.39 to $9.30
Fair value $7.20
Price $10.60
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish83% buy · 6 covering analysts
● Strong buy 2● Buy 3● Hold 1● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+0.0%
1 month
+0.6%
3 months
+22.0%
6 months
+10.5%
YTD
+69.1%
1 year
+66.4%

SEC filings

Held by ETFs

ETFs we cover that hold Helix Energy Solutions Group Inc. Common Stock among their largest holdings, by weight.

  • OIH · VanEck Oil Services ETF0.9% of the fund
Holdings as of 2026-10-24

Recommendation history, last 12 months

DateTypeNewPreviousPrice
24 Oct 2026, 16:06 CESTFair value$7.20$8.49$10.60
24 Oct 2026, 16:06 CESTRatingOvervaluedfirst publication$10.60
17 Oct 2026, 00:00 CESTFair value$8.49$9.54$10.60
12 Oct 2026, 00:00 CESTACCE price target$10.50first publication$10.60
12 Oct 2026, 00:00 CESTFair value$9.54$9.11$10.60
28 Sept 2026, 00:00 CESTFair value$9.11$9.26$10.60
25 Sept 2026, 00:00 CESTFair value$9.26$9.42$10.60
7 Sept 2026, 00:00 CESTFair value$9.42$8.95$10.60
30 Aug 2026, 00:00 CESTFair value$8.95$6.90$10.14
27 Aug 2026, 00:00 CESTFair value$6.90$6.98$9.99

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth88Value53Quality88Momentum83Total78
Valuation
Trailing P/E
44.2x
Forward P/E
19.5x
PEG
0.00
P/B
0.99x
EV / Revenue
1.1x
Book value/sh
$34.97
Enterprise value
$1.9B
Profitability
ROE
37.6%
FCF yield
7.71%
ROIC
1.1%
Health and risk
Debt / equity
0.40
Dividend yield
0.00%
Beta
1.17

Price

+51.4% · 1Y

Ask anything about HLX

Answered from Helix Energy Solutions Group Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 40% of peers
low 15.4x44.2xhigh 94.1x
ROEbetter than 100% of peers
low -16%38%high 38%
Div yieldbetter than 50% of peers
low 0.0%0.0%high 2.7%

Peers

Prices Sep 16, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
HLX Helix Energy Solutions Group Inc. Common Stock$10.60$747% above44.2x37.6%8878
NEXT NextDecade Corporation Common Stock$6.29----15.8%1321
TVK.TO TerraVest Industries Inc.C$107.53C$6469% above26.8x13.5%5651
RES RPC Inc. Common Stock$6.25$514% above56.8x2.1%4351
XPRO Expro Group Holdings N.V. Common Stock$16.93$171% above94.1x1.4%4343
FLOC Flowco Holdings Inc. Class A Common Stock$19.63$1626% above15.4x10.2%6268
NESR National Energy Services Reunited Corp Ordinary Shares$20.46$1813% above22.2x9.4%4862

Sector report card

Where HLX ranks against its sector peers on each metric.

Computing percentiles…
  • PR Newswire•Sep 14, 2026
    Hornbeck Offshore Awarded Multi-Year Decommissioning Contract in the North Sea
  • PR Newswire•Sep 4, 2026
    Hornbeck Announces New Employee Inducement Grant Under NYSE Rule 303A.08
  • PR Newswire•Sep 1, 2026
    Hornbeck and Helix Complete Merger, Creating a Premier Integrated Offshore Services Company
3 more press releases · full archive on Investor+.INVESTOR
40 filings
September 2026
Sep 8
8-KCurrent reportPeriod 2026-08-28
View on SEC →
Sep 4
8-KCurrent reportPeriod 2026-09-01
View on SEC →
Sep 4
Form 4Insider transactionPeriod 2026-09-02
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR