EXMAR NV (EXM.BR) Stock Fundamental Analysis

Europe - Euronext Brussels - EBR:EXM - BE0003808251 - Common Stock

9.98 EUR

+0.08 (+0.81%)

Last: 1/27/2026, 7:00:00 PM

Fundamental Rating

We assign a fundamental rating of 5 out of 10 to EXM. EXM was compared to 71 industry peers in the Oil, Gas & Consumable Fuels industry. EXM has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. EXM is not valued too expensively and it also shows a decent growth rate.

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1. Profitability

1.1 Basic Checks

EXM had positive earnings in the past year.
In the past year EXM had a positive cash flow from operations.
In the past 5 years EXM has always been profitable.
Each year in the past 5 years EXM had a positive operating cash flow.

1.2 Ratios

Looking at the Return On Assets, with a value of 15.18%, EXM belongs to the top of the industry, outperforming 97.18% of the companies in the same industry.
Looking at the Return On Equity, with a value of 23.63%, EXM belongs to the top of the industry, outperforming 94.37% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 6.70%, EXM is in the better half of the industry, outperforming 64.79% of the companies in the same industry.

		Industry Rank	Sector Rank
ROA	15.18%
ROE	23.63%
ROIC	6.7%

ROA(3y)17.56%

ROA(5y)12.74%

ROE(3y)28.24%

ROE(5y)20.75%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

The Profit Margin of EXM (56.24%) is better than 100.00% of its industry peers.
In the last couple of years the Profit Margin of EXM has grown nicely.
EXM has a better Operating Margin (29.88%) than 74.65% of its industry peers.
EXM's Operating Margin has improved in the last couple of years.
EXM has a Gross Margin (51.41%) which is comparable to the rest of the industry.
EXM's Gross Margin has declined in the last couple of years.

		Industry Rank	Sector Rank
OM	29.88%
PM (TTM)	56.24%
GM	51.41%

OM growth 3YN/A

OM growth 5Y71.38%

PM growth 3Y59.59%

PM growth 5YN/A

GM growth 3Y-0.13%

GM growth 5Y-5.23%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EXM is destroying value.
EXM has about the same amout of shares outstanding than it did 1 year ago.
EXM has more shares outstanding than it did 5 years ago.
EXM has a worse debt/assets ratio than last year.

2.2 Solvency

An Altman-Z score of 3.15 indicates that EXM is not in any danger for bankruptcy at the moment.
EXM has a better Altman-Z score (3.15) than 73.24% of its industry peers.
The Debt to FCF ratio of EXM is 3.59, which is a good value as it means it would take EXM, 3.59 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of EXM (3.59) is better than 67.61% of its industry peers.
EXM has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
EXM's Debt to Equity ratio of 0.40 is fine compared to the rest of the industry. EXM outperforms 60.56% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.4
Debt/FCF	3.59
Altman-Z	3.15

ROIC/WACC0.97

WACC6.94%

2.3 Liquidity

EXM has a Current Ratio of 4.36. This indicates that EXM is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of EXM (4.36) is better than 91.55% of its industry peers.
A Quick Ratio of 4.36 indicates that EXM has no problem at all paying its short term obligations.
EXM has a better Quick ratio (4.36) than 92.96% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	4.36
Quick Ratio	4.36

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 29.29% over the past year.
The Earnings Per Share has been growing by 149.41% on average over the past years. This is a very strong growth
EXM shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -42.41%.
The Revenue has been growing by 20.61% on average over the past years. This is a very strong growth!

EPS 1Y (TTM)29.29%

EPS 3Y149.41%

EPS 5YN/A

EPS Q2Q%-36.15%

Revenue 1Y (TTM)-42.41%

Revenue growth 3Y56.58%

Revenue growth 5Y20.61%

Sales Q2Q%-36.95%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

EPS Next Y-71.68%

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year-31.36%

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 4.36, the valuation of EXM can be described as very cheap.
EXM's Price/Earnings ratio is rather cheap when compared to the industry. EXM is cheaper than 97.18% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.87. EXM is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 36.55 indicates a quite expensive valuation of EXM.
Based on the Price/Forward Earnings ratio, EXM is valued a bit more expensive than 76.06% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 25.96. EXM is valued slightly more expensive when compared to this.

		Industry Rank	Sector Rank
PE	4.36
Fwd PE	36.55

4.2 Price Multiples

EXM's Enterprise Value to EBITDA is on the same level as the industry average.
EXM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. EXM is cheaper than 69.01% of the companies in the same industry.