Risk factor
Considerable default risk
Profitability factor
Favourable analyst view
About
MODEC, Inc. operates worldwide as a primary contractor, specializing in the entire process from engineering and procurement to construction and installation of advanced floating production systems. Its extensive portfolio encompasses a variety of marine-based solutions, including Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) units, Floating Liquefied Natural Gas (FLNG) facilities, and integrated floating platforms designed for storage, regasification, water desalination, and power generation. The company also develops Tension Leg Platforms (TLPs), production semi-submersibles, and cutting-edge mooring systems, among other technologies. Beyond development, MODEC provides comprehensive operation and maintenance services for these installations. Established in 1968 and headquartered in Tokyo, Japan, MODEC, Inc. is a subsidiary of Mitsui E&S Holdings Co., Ltd.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EB
Target Price
The average target price of 6269.T is 14345 and suggests 54.5% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i