Financial PerformanceThe stock is trading at 3.5x 2025 EBITDA, which is considered undervalued for a company with significant EBITDA growth from $121MM in 2021 to $303MM in 2024.
Future GrowthThe company is positioned for future growth with potential upside from the UK North Sea, strong offshore wind demand growth, and pricing in Subsea Robotics.
Operational StrengthStrong contract coverage and rising earnings suggest continued operational strength despite recent stock performance.