4 models fit Bristow Group Inc. Common Stock and they disagree: 1 of 4 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Bronze52
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
ACCE opinionBristow Group Inc. Common Stock (VTOL)
Fair value (4 models)
$43.22
ACCE price target
$44.00
Rating
Fairly valued
Horizon
12 months
Fair value published on 20 Oct 2026, 15:04 CEST; previously $47.85 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 15:04 CEST.
Price used: $40.54 at the close on 23 Oct 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
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
6.2% below
+6.6% to fair value
ACCE score
47
out of 100
Analysts
100% buy
3 covering
P/E
11.1x
forward 0.0x
1-year return
-2.2%
Dividend yield
0.65%
Bristow Group Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Bristow Group operates a helicopter fleet for offshore energy transport and search and rescue, serving oil and gas operators and government agencies, which gives it recurring contracted revenue tied to offshore activity. Its moat rests on fleet scale, certified crews and long-dated service contracts that are costly for customers to switch, and the offshore energy and government SAR markets remain structurally supported. Revenue growth of 9.4% and an operating margin of 8.5% suggest the top line is expanding faster than the cost base is converting into profit, so the operating leverage case still needs proof. The stock trades at 10.9 times trailing earnings, a modest multiple for a business with a 10.1% return on equity, but the company is small at about $1.1 billion in market cap and carries no index membership, which limits passive demand. Worth a deeper look to test whether fleet utilisation and contract renewals can lift margins toward the level that would justify a re-rating.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Earnings falling despite revenue growth
Revenue grew 9.4% YoY but earnings fell 34.6%, so the net margin of 6.7% is being squeezed. The ACCE score also dropped 16 points in 90 days, from 65 to 49.
moderate
Insider selling with no buying
Insiders disclosed $11.05M in sales across the last 10 filings and zero purchases. Insider ownership is only 3.2%.
moderate
Leverage and short interest
Debt to equity is 0.86, and short interest sits at 5.1% of float. Free cash flow of $56M gives some cushion, but the balance sheet leaves less room if earnings keep weakening.
AI research notes
AI-assisted·How I use AIWritten Oct 19, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 9.4% year over year, ahead of the 5.5% yearly average over the past five years.
Trading at 11.1 times trailing earnings, against a sector median forward P/E of 16.4 times, the shares look inexpensive.
Free cash flow of $56M over the last twelve months gives a 4.9% yield, and the stock trades 6.2% below the model fair value of $43.22.
Why it could disappoint
The latest earnings per share missed expectations, coming in at 0.70 against 0.84 expected, a 16.7% shortfall.
Return on invested capital of 5.4% and a net margin of 6.7% are thin for a business carrying debt to equity of 0.86.
The current price already implies 13.2% yearly cash flow growth forever, a demanding bar for a helicopter operator tied to offshore oil and gas spending.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 3, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where VTOL's valuation models land
Price
$40.54
Model fair value
$43.22
Model range
$21.19 to $58.83
Fair value $43.22
Price $40.54
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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