Energy • NYSE
According to Zyberno, HELIX ENERGY SOLUTIONS GROUP, INC. (HLX) shows a Value Trap signal — AVERAGE BUSINESS (54/100) with an apparent Margin of Safety of +71.3%, but a Brina Gap of -23.1% reveals the current price still assumes faster growth than the business can deliver.
According to Zyberno's DCF model, HELIX ENERGY SOLUTIONS GROUP, INC. (HLX) trades at $10.14 against an estimated intrinsic value per share of $35.39 — a +71.3% Margin of Safety based on Owner Earnings of $167.43M TTM, projected at 22.6% growth for 10 years with a 2.5% terminal growth rate. The Brina Gap of -23.1% weakens the case: based on the company's ROIC (3.9%) and reinvestment rate (-341.5%), the business can fundamentally grow at -13.3% — but the current enterprise value implies the market expects 9.8%. This places HLX in the Value Trap quadrant of the Brina Matrix — a value-trap signal where the apparent discount is undermined by overpriced growth expectations. Zyberno's model translates this into a 5-year expected return of 54.1% annually.
Over the trailing twelve months, HLX generated $167.43M in Owner Earnings. Capital was deployed as follows: $19.43M returned via share buybacks, $14.67M invested in capital expenditures. Reinvestment rate: -341.5%. Owner Earnings have grown at 22.6% annually over the trailing five years using log-linear regression.