CMB TECH NV (CMBT) Stock Fundamental Analysis
NYSE:CMBT - New York Stock Exchange, Inc. - BE0003816338 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to CMBT. CMBT was compared to 213 industry peers in the Oil, Gas & Consumable Fuels industry. While CMBT has a great profitability rating, there are quite some concerns on its financial health. CMBT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year CMBT was profitable.
In the past year CMBT had a positive cash flow from operations.
CMBT had positive earnings in 4 of the past 5 years.
CMBT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 12.31%, CMBT belongs to the top of the industry, outperforming 88.73% of the companies in the same industry.
The Return On Equity of CMBT (79.11%) is better than 96.24% of its industry peers.
With a Return On Invested Capital value of 5.33%, CMBT perfoms like the industry average, outperforming 44.13% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CMBT is significantly below the industry average of 25.73%.
The last Return On Invested Capital (5.33%) for CMBT is well below the 3 year average (9.43%), which needs to be investigated, but indicates that CMBT had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.31% | ||
| ROE | 79.11% | ||
| ROIC | 5.33% |
ROA(3y)17.5%
ROA(5y)11.27%
ROE(3y)39.6%
ROE(5y)24.4%
ROIC(3y)9.43%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 72.50%, CMBT belongs to the top of the industry, outperforming 95.77% of the companies in the same industry.
In the last couple of years the Profit Margin of CMBT has grown nicely.
With a decent Operating Margin value of 35.88%, CMBT is doing good in the industry, outperforming 79.34% of the companies in the same industry.
CMBT's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 58.65%, CMBT is doing good in the industry, outperforming 64.79% of the companies in the same industry.
CMBT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.88% | ||
| PM (TTM) | 72.5% | ||
| GM | 58.65% |
OM growth 3YN/A
OM growth 5Y14.72%
PM growth 3YN/A
PM growth 5Y49.82%
GM growth 3Y46.27%
GM growth 5Y-0.15%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CMBT is creating some value.
CMBT has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CMBT has less shares outstanding
Compared to 1 year ago, CMBT has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.66, we must say that CMBT is in the distress zone and has some risk of bankruptcy.
CMBT has a worse Altman-Z score (0.66) than 61.97% of its industry peers.
CMBT has a Debt/Equity ratio of 3.75. This is a high value indicating a heavy dependency on external financing.
CMBT has a Debt to Equity ratio of 3.75. This is amonst the worse of the industry: CMBT underperforms 87.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.75 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.66 |
ROIC/WACC0.71
WACC7.48%
2.3 Liquidity
CMBT has a Current Ratio of 0.77. This is a bad value and indicates that CMBT is not financially healthy enough and could expect problems in meeting its short term obligations.
CMBT's Current ratio of 0.77 is on the low side compared to the rest of the industry. CMBT is outperformed by 70.42% of its industry peers.
A Quick Ratio of 0.70 indicates that CMBT may have some problems paying its short term obligations.
With a Quick ratio value of 0.70, CMBT is not doing good in the industry: 67.14% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
The earnings per share for CMBT have decreased strongly by -79.01% in the last year.
The Earnings Per Share has been growing by 43.41% on average over the past years. This is a very strong growth
Looking at the last year, CMBT shows a very negative growth in Revenue. The Revenue has decreased by -20.34% in the last year.
CMBT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.55% yearly.
EPS 1Y (TTM)-79.01%
EPS 3YN/A
EPS 5Y43.41%
EPS Q2Q%-100.41%
Revenue 1Y (TTM)-20.34%
Revenue growth 3Y30.84%
Revenue growth 5Y0.55%
Sales Q2Q%-2.22%
3.2 Future
Based on estimates for the next years, CMBT will show a very negative growth in Earnings Per Share. The EPS will decrease by -29.06% on average per year.
The Revenue is expected to grow by 9.37% on average over the next years. This is quite good.
EPS Next Y-69.07%
EPS Next 2Y-32.88%
EPS Next 3Y-29.06%
EPS Next 5YN/A
Revenue Next Year7.15%
Revenue Next 2Y15.37%
Revenue Next 3Y9.37%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
CMBT is valuated cheaply with a Price/Earnings ratio of 7.18.
Compared to the rest of the industry, the Price/Earnings ratio of CMBT indicates a rather cheap valuation: CMBT is cheaper than 82.16% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.25. CMBT is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 5.30, which indicates a rather cheap valuation of CMBT.
CMBT's Price/Forward Earnings ratio is rather cheap when compared to the industry. CMBT is cheaper than 90.61% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.15. CMBT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.18 | ||
| Fwd PE | 5.3 |
4.2 Price Multiples
CMBT's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.62 |
4.3 Compensation for Growth
CMBT has a very decent profitability rating, which may justify a higher PE ratio.
CMBT's earnings are expected to decrease with -29.06% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.17
EPS Next 2Y-32.88%
EPS Next 3Y-29.06%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 12.53%, CMBT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.81, CMBT pays a better dividend. On top of this CMBT pays more dividend than 92.49% of the companies listed in the same industry.
CMBT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.53% |
5.2 History
On average, the dividend of CMBT grows each year by 116.35%, which is quite nice.
CMBT has been paying a dividend for over 5 years, so it has already some track record.
CMBT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)116.35%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
CMBT pays out 109.72% of its income as dividend. This is not a sustainable payout ratio.
CMBT's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP109.72%
EPS Next 2Y-32.88%
EPS Next 3Y-29.06%
8.83
-0.35 (-3.81%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners1.58%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.94B
Analysts82
Price Target13.38 (51.53%)
Short Float %4.76%
Short Ratio6.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.53% |
Yearly Dividend5.68
Dividend Growth(5Y)116.35%
DP109.72%
Div Incr Years2
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-99.31%
Min EPS beat(2)-149.02%
Max EPS beat(2)-49.61%
EPS beat(4)1
Avg EPS beat(4)9.95%
Min EPS beat(4)-149.02%
Max EPS beat(4)242.1%
EPS beat(8)5
Avg EPS beat(8)86.48%
EPS beat(12)8
Avg EPS beat(12)69.92%
EPS beat(16)10
Avg EPS beat(16)53.9%
Revenue beat(2)1
Avg Revenue beat(2)0.7%
Min Revenue beat(2)-9.81%
Max Revenue beat(2)11.21%
Revenue beat(4)3
Avg Revenue beat(4)5.75%
Min Revenue beat(4)-9.81%
Max Revenue beat(4)15.33%
Revenue beat(8)6
Avg Revenue beat(8)28.28%
Revenue beat(12)10
Avg Revenue beat(12)38.19%
Revenue beat(16)14
Avg Revenue beat(16)43.66%
PT rev (1m)-5.91%
PT rev (3m)-16.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-19.86%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)19.91%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-10.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.18 | ||
| Fwd PE | 5.3 | ||
| P/S | 1.39 | ||
| P/FCF | N/A | ||
| P/OCF | 7.24 | ||
| P/B | 1.52 | ||
| P/tB | 1.78 | ||
| EV/EBITDA | 10.62 |
EPS(TTM)1.23
EY13.93%
EPS(NY)1.67
Fwd EY18.88%
FCF(TTM)-4.28
FCFYN/A
OCF(TTM)1.22
OCFY13.82%
SpS6.35
BVpS5.82
TBVpS4.96
PEG (NY)N/A
PEG (5Y)0.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.31% | ||
| ROE | 79.11% | ||
| ROCE | 6.75% | ||
| ROIC | 5.33% | ||
| ROICexc | 5.45% | ||
| ROICexgc | 5.6% | ||
| OM | 35.88% | ||
| PM (TTM) | 72.5% | ||
| GM | 58.65% | ||
| FCFM | N/A |
ROA(3y)17.5%
ROA(5y)11.27%
ROE(3y)39.6%
ROE(5y)24.4%
ROIC(3y)9.43%
ROIC(5y)N/A
ROICexc(3y)10.41%
ROICexc(5y)N/A
ROICexgc(3y)10.46%
ROICexgc(5y)N/A
ROCE(3y)11.93%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y15.98%
ROICexc growth 3YN/A
ROICexc growth 5Y15.87%
OM growth 3YN/A
OM growth 5Y14.72%
PM growth 3YN/A
PM growth 5Y49.82%
GM growth 3Y46.27%
GM growth 5Y-0.15%
F-Score2
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.75 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.03 | ||
| Cap/Depr | 666.34% | ||
| Cap/Sales | 86.55% | ||
| Interest Coverage | 3.85 | ||
| Cash Conversion | 39.32% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | 0.66 |
F-Score2
WACC7.48%
ROIC/WACC0.71
Cap/Depr(3y)357.13%
Cap/Depr(5y)252.34%
Cap/Sales(3y)69.97%
Cap/Sales(5y)65.4%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-79.01%
EPS 3YN/A
EPS 5Y43.41%
EPS Q2Q%-100.41%
EPS Next Y-69.07%
EPS Next 2Y-32.88%
EPS Next 3Y-29.06%
EPS Next 5YN/A
Revenue 1Y (TTM)-20.34%
Revenue growth 3Y30.84%
Revenue growth 5Y0.55%
Sales Q2Q%-2.22%
Revenue Next Year7.15%
Revenue Next 2Y15.37%
Revenue Next 3Y9.37%
Revenue Next 5YN/A
EBIT growth 1Y-38.91%
EBIT growth 3YN/A
EBIT growth 5Y15.35%
EBIT Next Year67.95%
EBIT Next 3Y22.95%
EBIT Next 5YN/A
FCF growth 1Y-783.57%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-46.61%
OCF growth 3YN/A
OCF growth 5Y11.04%