Intrinsic value of SEACOR Marine Holdings - SMHI

Previous Close

$18.40

  Intrinsic Value

$6.22

stock screener

  Rating & Target

str. sell

-66%

Previous close

$18.40

 
Intrinsic value

$6.22

 
Up/down potential

-66%

 
Rating

str. sell

We calculate the intrinsic value of SMHI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  43.40
  39.56
  36.10
  32.99
  30.19
  27.67
  25.41
  23.37
  21.53
  19.88
  18.39
  17.05
  15.85
  14.76
  13.78
  12.91
  12.12
  11.40
  10.76
  10.19
  9.67
  9.20
  8.78
  8.40
  8.06
  7.76
  7.48
  7.23
  7.01
  6.81
Revenue, $m
  249
  348
  473
  630
  820
  1,046
  1,312
  1,619
  1,968
  2,359
  2,792
  3,268
  3,786
  4,345
  4,944
  5,582
  6,259
  6,972
  7,723
  8,510
  9,332
  10,191
  11,086
  12,018
  12,987
  13,994
  15,041
  16,129
  17,259
  18,434
Variable operating expenses, $m
  451
  630
  857
  1,139
  1,484
  1,894
  2,375
  2,930
  3,561
  4,269
  5,054
  5,916
  6,853
  7,865
  8,949
  10,104
  11,328
  12,620
  13,978
  15,402
  16,892
  18,446
  20,066
  21,752
  23,506
  25,329
  27,224
  29,193
  31,239
  33,366
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  451
  630
  857
  1,139
  1,484
  1,894
  2,375
  2,930
  3,561
  4,269
  5,054
  5,916
  6,853
  7,865
  8,949
  10,104
  11,328
  12,620
  13,978
  15,402
  16,892
  18,446
  20,066
  21,752
  23,506
  25,329
  27,224
  29,193
  31,239
  33,366
Operating income, $m
  -202
  -282
  -383
  -510
  -664
  -848
  -1,063
  -1,311
  -1,594
  -1,910
  -2,262
  -2,647
  -3,067
  -3,520
  -4,005
  -4,522
  -5,069
  -5,648
  -6,256
  -6,893
  -7,559
  -8,255
  -8,980
  -9,734
  -10,519
  -11,335
  -12,183
  -13,064
  -13,980
  -14,932
EBITDA, $m
  -112
  -156
  -212
  -283
  -368
  -470
  -589
  -727
  -883
  -1,058
  -1,253
  -1,467
  -1,699
  -1,950
  -2,219
  -2,505
  -2,809
  -3,129
  -3,466
  -3,819
  -4,188
  -4,574
  -4,975
  -5,393
  -5,828
  -6,280
  -6,750
  -7,238
  -7,746
  -8,273
Interest expense (income), $m
  3
  19
  31
  47
  68
  94
  125
  162
  206
  257
  314
  378
  450
  528
  613
  705
  804
  909
  1,020
  1,138
  1,261
  1,391
  1,526
  1,668
  1,815
  1,968
  2,128
  2,293
  2,466
  2,645
  2,831
Earnings before tax, $m
  -221
  -313
  -431
  -578
  -758
  -973
  -1,225
  -1,518
  -1,850
  -2,225
  -2,640
  -3,097
  -3,595
  -4,133
  -4,710
  -5,326
  -5,978
  -6,668
  -7,393
  -8,154
  -8,950
  -9,781
  -10,647
  -11,549
  -12,487
  -13,463
  -14,476
  -15,530
  -16,625
  -17,763
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -221
  -313
  -431
  -578
  -758
  -973
  -1,225
  -1,518
  -1,850
  -2,225
  -2,640
  -3,097
  -3,595
  -4,133
  -4,710
  -5,326
  -5,978
  -6,668
  -7,393
  -8,154
  -8,950
  -9,781
  -10,647
  -11,549
  -12,487
  -13,463
  -14,476
  -15,530
  -16,625
  -17,763

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,392
  1,943
  2,644
  3,517
  4,579
  5,846
  7,331
  9,044
  10,992
  13,177
  15,600
  18,259
  21,153
  24,275
  27,621
  31,186
  34,964
  38,952
  43,144
  47,540
  52,136
  56,934
  61,933
  67,138
  72,551
  78,179
  84,027
  90,105
  96,421
  102,986
Adjusted assets (=assets-cash), $m
  1,392
  1,943
  2,644
  3,517
  4,579
  5,846
  7,331
  9,044
  10,992
  13,177
  15,600
  18,259
  21,153
  24,275
  27,621
  31,186
  34,964
  38,952
  43,144
  47,540
  52,136
  56,934
  61,933
  67,138
  72,551
  78,179
  84,027
  90,105
  96,421
  102,986
Revenue / Adjusted assets
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
Average production assets, $m
  882
  1,231
  1,676
  2,229
  2,901
  3,704
  4,646
  5,731
  6,965
  8,349
  9,885
  11,570
  13,404
  15,382
  17,502
  19,761
  22,156
  24,682
  27,339
  30,124
  33,037
  36,076
  39,245
  42,542
  45,973
  49,539
  53,245
  57,096
  61,098
  65,258
Working capital, $m
  -17
  -23
  -32
  -42
  -55
  -70
  -88
  -108
  -132
  -158
  -187
  -219
  -254
  -291
  -331
  -374
  -419
  -467
  -517
  -570
  -625
  -683
  -743
  -805
  -870
  -938
  -1,008
  -1,081
  -1,156
  -1,235
Total debt, $m
  521
  791
  1,136
  1,564
  2,086
  2,708
  3,437
  4,278
  5,234
  6,307
  7,497
  8,803
  10,223
  11,756
  13,399
  15,150
  17,005
  18,963
  21,021
  23,179
  25,436
  27,792
  30,247
  32,802
  35,460
  38,223
  41,095
  44,079
  47,180
  50,403
Total liabilities, $m
  684
  954
  1,298
  1,727
  2,248
  2,870
  3,600
  4,441
  5,397
  6,470
  7,659
  8,965
  10,386
  11,919
  13,562
  15,312
  17,168
  19,125
  21,184
  23,342
  25,599
  27,954
  30,409
  32,965
  35,623
  38,386
  41,257
  44,241
  47,343
  50,566
Total equity, $m
  709
  989
  1,346
  1,790
  2,331
  2,976
  3,732
  4,604
  5,595
  6,707
  7,940
  9,294
  10,767
  12,356
  14,059
  15,874
  17,797
  19,826
  21,961
  24,198
  26,537
  28,979
  31,524
  34,173
  36,928
  39,793
  42,770
  45,863
  49,078
  52,420
Total liabilities and equity, $m
  1,393
  1,943
  2,644
  3,517
  4,579
  5,846
  7,332
  9,045
  10,992
  13,177
  15,599
  18,259
  21,153
  24,275
  27,621
  31,186
  34,965
  38,951
  43,145
  47,540
  52,136
  56,933
  61,933
  67,138
  72,551
  78,179
  84,027
  90,104
  96,421
  102,986
Debt-to-equity ratio
  0.740
  0.800
  0.840
  0.870
  0.890
  0.910
  0.920
  0.930
  0.940
  0.940
  0.940
  0.950
  0.950
  0.950
  0.950
  0.950
  0.960
  0.960
  0.960
  0.960
  0.960
  0.960
  0.960
  0.960
  0.960
  0.960
  0.960
  0.960
  0.960
  0.960
Adjusted equity ratio
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509
  0.509

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -221
  -313
  -431
  -578
  -758
  -973
  -1,225
  -1,518
  -1,850
  -2,225
  -2,640
  -3,097
  -3,595
  -4,133
  -4,710
  -5,326
  -5,978
  -6,668
  -7,393
  -8,154
  -8,950
  -9,781
  -10,647
  -11,549
  -12,487
  -13,463
  -14,476
  -15,530
  -16,625
  -17,763
Depreciation, amort., depletion, $m
  90
  126
  171
  227
  296
  378
  474
  585
  711
  852
  1,009
  1,181
  1,368
  1,570
  1,786
  2,016
  2,261
  2,519
  2,790
  3,074
  3,371
  3,681
  4,005
  4,341
  4,691
  5,055
  5,433
  5,826
  6,234
  6,659
Funds from operations, $m
  -131
  -187
  -260
  -351
  -462
  -595
  -751
  -933
  -1,140
  -1,373
  -1,632
  -1,917
  -2,227
  -2,563
  -2,924
  -3,309
  -3,718
  -4,149
  -4,604
  -5,080
  -5,579
  -6,100
  -6,643
  -7,208
  -7,796
  -8,408
  -9,043
  -9,704
  -10,390
  -11,104
Change in working capital, $m
  -5
  -7
  -8
  -10
  -13
  -15
  -18
  -21
  -23
  -26
  -29
  -32
  -35
  -37
  -40
  -43
  -45
  -48
  -50
  -53
  -55
  -58
  -60
  -62
  -65
  -67
  -70
  -73
  -76
  -79
Cash from operations, $m
  -126
  -181
  -252
  -340
  -449
  -580
  -734
  -912
  -1,116
  -1,346
  -1,603
  -1,885
  -2,193
  -2,526
  -2,884
  -3,266
  -3,672
  -4,102
  -4,553
  -5,027
  -5,524
  -6,042
  -6,583
  -7,146
  -7,731
  -8,340
  -8,973
  -9,631
  -10,315
  -11,025
Maintenance CAPEX, $m
  -63
  -90
  -126
  -171
  -227
  -296
  -378
  -474
  -585
  -711
  -852
  -1,009
  -1,181
  -1,368
  -1,570
  -1,786
  -2,016
  -2,261
  -2,519
  -2,790
  -3,074
  -3,371
  -3,681
  -4,005
  -4,341
  -4,691
  -5,055
  -5,433
  -5,826
  -6,234
New CAPEX, $m
  -266
  -349
  -445
  -553
  -673
  -803
  -941
  -1,086
  -1,234
  -1,384
  -1,535
  -1,685
  -1,833
  -1,978
  -2,120
  -2,259
  -2,394
  -2,527
  -2,657
  -2,785
  -2,913
  -3,040
  -3,168
  -3,298
  -3,430
  -3,566
  -3,706
  -3,851
  -4,002
  -4,160
Cash from investing activities, $m
  -329
  -439
  -571
  -724
  -900
  -1,099
  -1,319
  -1,560
  -1,819
  -2,095
  -2,387
  -2,694
  -3,014
  -3,346
  -3,690
  -4,045
  -4,410
  -4,788
  -5,176
  -5,575
  -5,987
  -6,411
  -6,849
  -7,303
  -7,771
  -8,257
  -8,761
  -9,284
  -9,828
  -10,394
Free cash flow, $m
  -455
  -620
  -822
  -1,064
  -1,349
  -1,679
  -2,053
  -2,472
  -2,935
  -3,441
  -3,990
  -4,579
  -5,207
  -5,872
  -6,574
  -7,311
  -8,083
  -8,889
  -9,729
  -10,602
  -11,510
  -12,453
  -13,432
  -14,448
  -15,503
  -16,597
  -17,734
  -18,915
  -20,143
  -21,419
Issuance/(repayment) of debt, $m
  206
  270
  344
  428
  521
  622
  729
  841
  956
  1,073
  1,190
  1,306
  1,421
  1,533
  1,643
  1,750
  1,855
  1,958
  2,059
  2,158
  2,257
  2,356
  2,455
  2,555
  2,658
  2,763
  2,872
  2,984
  3,101
  3,223
Issuance/(repurchase) of shares, $m
  435
  593
  788
  1,022
  1,298
  1,618
  1,981
  2,390
  2,842
  3,337
  3,874
  4,451
  5,068
  5,722
  6,413
  7,140
  7,902
  8,697
  9,527
  10,391
  11,290
  12,223
  13,192
  14,198
  15,243
  16,327
  17,453
  18,623
  19,840
  21,104
Cash from financing (excl. dividends), $m  
  641
  863
  1,132
  1,450
  1,819
  2,240
  2,710
  3,231
  3,798
  4,410
  5,064
  5,757
  6,489
  7,255
  8,056
  8,890
  9,757
  10,655
  11,586
  12,549
  13,547
  14,579
  15,647
  16,753
  17,901
  19,090
  20,325
  21,607
  22,941
  24,327
Total cash flow (excl. dividends), $m
  186
  244
  311
  387
  470
  561
  658
  759
  863
  968
  1,073
  1,178
  1,282
  1,383
  1,482
  1,579
  1,674
  1,766
  1,857
  1,947
  2,036
  2,125
  2,215
  2,306
  2,398
  2,493
  2,591
  2,692
  2,798
  2,908
Retained Cash Flow (-), $m
  -435
  -593
  -788
  -1,022
  -1,298
  -1,618
  -1,981
  -2,390
  -2,842
  -3,337
  -3,874
  -4,451
  -5,068
  -5,722
  -6,413
  -7,140
  -7,902
  -8,697
  -9,527
  -10,391
  -11,290
  -12,223
  -13,192
  -14,198
  -15,243
  -16,327
  -17,453
  -18,623
  -19,840
  -21,104
Prev. year cash balance distribution, $m
  13
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -235
  -349
  -477
  -636
  -828
  -1,056
  -1,323
  -1,631
  -1,979
  -2,369
  -2,800
  -3,273
  -3,786
  -4,339
  -4,931
  -5,561
  -6,228
  -6,931
  -7,670
  -8,444
  -9,253
  -10,098
  -10,977
  -11,893
  -12,845
  -13,834
  -14,863
  -15,931
  -17,042
  -18,196
Discount rate, %
  6.00
  6.30
  6.62
  6.95
  7.29
  7.66
  8.04
  8.44
  8.86
  9.31
  9.77
  10.26
  10.78
  11.31
  11.88
  12.47
  13.10
  13.75
  14.44
  15.16
  15.92
  16.72
  17.55
  18.43
  19.35
  20.32
  21.33
  22.40
  23.52
  24.70
PV of cash for distribution, $m
  -222
  -309
  -394
  -486
  -582
  -679
  -770
  -853
  -921
  -973
  -1,004
  -1,013
  -1,001
  -968
  -916
  -848
  -769
  -682
  -591
  -502
  -416
  -337
  -266
  -205
  -154
  -113
  -80
  -56
  -37
  -24
Current shareholders' claim on cash, %
  45.7
  21.5
  10.3
  5.1
  2.6
  1.3
  0.7
  0.4
  0.2
  0.1
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

SEACOR Marine Holdings Inc is located in Houma, Louisiana. The Company is a provider of marine cargo handling services. SEACOR Marine pride itself for its operational, technical and safety procedures. The Company adopts and employs the latest technology throughout its fleet of vessels, while driving the development of new technology in anticipation of customer needs.

FINANCIAL RATIOS  of  SEACOR Marine Holdings (SMHI)

Valuation Ratios
P/E Ratio -2.5
Price to Sales 1.5
Price to Book 0.6
Price to Tangible Book
Price to Cash Flow -11.2
Price to Free Cash Flow -2.5
Growth Rates
Sales Growth Rate -41.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 14.8%
Cap. Spend. - 3 Yr. Gr. Rate -2%
Financial Strength
Quick Ratio 8
Current Ratio 0
LT Debt to Equity 40%
Total Debt to Equity 43.7%
Interest Coverage -62
Management Effectiveness
Return On Assets -11.7%
Ret/ On Assets - 3 Yr. Avg. -0.7%
Return On Total Capital -15.7%
Ret/ On T. Cap. - 3 Yr. Avg. -2.4%
Return On Equity -21.5%
Return On Equity - 3 Yr. Avg. -3.9%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin -59.7%
EBITDA Margin - 3 Yr. Avg. -7.9%
Operating Margin -81%
Oper. Margin - 3 Yr. Avg. -25.3%
Pre-Tax Margin -88%
Pre-Tax Margin - 3 Yr. Avg. -30.3%
Net Profit Margin -61.1%
Net Profit Margin - 3 Yr. Avg. -19.8%
Effective Tax Rate 33.2%
Eff/ Tax Rate - 3 Yr. Avg. 33.4%
Payout Ratio 0%

SMHI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SMHI stock intrinsic value calculation we used $173.783 million for the last fiscal year's total revenue generated by SEACOR Marine Holdings. The default revenue input number comes from 0001 income statement of SEACOR Marine Holdings. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our SMHI stock valuation model: a) initial revenue growth rate of 43.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6%, whose default value for SMHI is calculated based on our internal credit rating of SEACOR Marine Holdings, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of SEACOR Marine Holdings.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of SMHI stock the variable cost ratio is equal to 181%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for SMHI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 6% for SEACOR Marine Holdings.

Corporate tax rate of 27% is the nominal tax rate for SEACOR Marine Holdings. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the SMHI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for SMHI are equal to 354%.

Life of production assets of 9.8 years is the average useful life of capital assets used in SEACOR Marine Holdings operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for SMHI is equal to -6.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $508.191 million for SEACOR Marine Holdings - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 20.442 million for SEACOR Marine Holdings is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of SEACOR Marine Holdings at the current share price and the inputted number of shares is $0.4 billion.

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