OMS Energy Technologies Cactus-comp EV/EBITDA valuation

OMS Energy Technologies Cactus-comp EV/EBITDA valuation

as of 2026-10-22

Normalized adjusted EBITDA
$41.2
Implied enterprise value
$288.6
Implied equity value
$440.5
Fair value per share
$10.38
Upside/downside to current price
151.3%
Current EV / adjusted EBITDA
0.6
Value at Cactus peer multiple
$16.63

Balance sheet

$152.0$M
$0.0$M

Earnings power

$41.2$M

Market

$4.13
Latest OMSE quote · updated Oct 23, 2026 2:00 PM MDT

Share count

42.4M shares

Valuation

7

Sources

  1. October 22 20-F/A explanatory note, controls and segment disclosures reviewed. Amendment identifies ineffective controls, IFRS staffing/policy weaknesses and remediation expected in FY2027; segment-disclosure revisions do not alter recognized financial amounts. Preserve aggregate EBITDA, cash/debt/shares and 7x valuation. Historical full annual review and consistent Cactus peer refresh remain open. — modeledge.ai (accessed 2026-10-22)
  2. Regular-session reference $4.125 retrieved 2026-10-22T15:22:03.983075-06:00. Quote updates alone do not change operating assumptions. (accessed 2026-10-22)
  3. October 16 Model Edge regular-session OMSE reference $4.12, refreshed 2026-10-16T15:05:06.607723-06:00. Retrieval time is not trade time. Scope and separate financial-anchor changes are described in refresh context. (accessed 2026-10-16)
  4. Previously reviewed order release; orders are not immediate cash or EBITDA. — ir.omsos.com (accessed 2026-10-16)
  5. September 29 Modeledge reference OMSE stock price $4.45, retrieved 2026-09-29T15:15:04.18005-06:00; a post-session reference snapshot, not an asserted official close. No operating or intrinsic valuation inputs changed in this review. (accessed 2026-09-29)
  6. September 29 review recovered the September 28 issuer release absent from Model Edge's index: $9.4M new orders, comprising $7.1M Saudi Aramco tender outside the long-term agreement with January 2027 delivery and $2.3M Pertamina under the existing contract with March 2027 delivery. This supports order visibility and is a plausible backdrop for +5.20%, not proven price causation. No margin or annual guidance bridge is disclosed, so retain $41.223M normalized EBITDA, 7x, $151.985M unrestricted cash and existing shares. Do not add full order value to EBITDA or cash. — ir.omsos.com (accessed 2026-09-29)
  7. September 10 Modeledge reference share price $4.43; market price alone is not used to revise operating forecasts. (accessed 2026-09-10)
  8. No new indexed activity or newer press release was found in the reviewed window, and no verified company-specific cause was established for September 10's 6.14% decline. Retain 7x target EV/EBITDA and operating inputs. (accessed 2026-09-10)
  9. OMSE fiscal 2026 revenue was $155.9M, adjusted EBITDA was $41.2M, adjusted free cash flow was $52.5M, and cash and cash equivalents were $152.0M. — sec.gov
  10. OMSE had 42,448,704 ordinary shares outstanding and reported no debt as of March 31, 2026. — sec.gov
  11. Cactus is a surface pressure-control peer with no bank debt and $365.8M of cash at June 30, 2026. — sec.gov
  12. Cactus traded at approximately 13.44x EV/EBITDA in late August 2026. — stockanalysis.com
  13. Oilfield services and equipment companies are commonly valued using EBITDA-based market multiples. — stout.com
  14. OMSE traded near $4.48-$4.50 per share with an equity market value near $190M in late August 2026. — stockanalysis.com

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