REACH SUBSEA ASA (REACH.OL) Fundamental Analysis & Valuation

OSL:REACH • NO0003117202

6.7 NOK
-0.14 (-2.05%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This REACH.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

REACH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 36 industry peers in the Energy Equipment & Services industry. REACH has an excellent profitability rating, but there are concerns on its financial health. REACH is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

7

1. REACH.OL Profitability Analysis

1.1 Basic Checks

  • REACH had positive earnings in the past year.
  • REACH had a positive operating cash flow in the past year.
  • Each year in the past 5 years REACH has been profitable.
  • Each year in the past 5 years REACH had a positive operating cash flow.
REACH.OL Yearly Net Income VS EBIT VS OCF VS FCFREACH.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B

1.2 Ratios

  • REACH has a Return On Assets (5.13%) which is comparable to the rest of the industry.
  • REACH's Return On Equity of 14.73% is fine compared to the rest of the industry. REACH outperforms 75.00% of its industry peers.
  • REACH has a Return On Invested Capital of 10.15%. This is in the better half of the industry: REACH outperforms 72.22% of its industry peers.
  • REACH had an Average Return On Invested Capital over the past 3 years of 15.65%. This is significantly above the industry average of 10.29%.
  • The last Return On Invested Capital (10.15%) for REACH is well below the 3 year average (15.65%), which needs to be investigated, but indicates that REACH had better years and this may not be a problem.
Industry RankSector Rank
ROA 5.13%
ROE 14.73%
ROIC 10.15%
ROA(3y)7.44%
ROA(5y)9.35%
ROE(3y)18.53%
ROE(5y)21.76%
ROIC(3y)15.65%
ROIC(5y)17.06%
REACH.OL Yearly ROA, ROE, ROICREACH.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 -20 30

1.3 Margins

  • REACH has a Profit Margin of 6.80%. This is in the better half of the industry: REACH outperforms 61.11% of its industry peers.
  • REACH's Profit Margin has declined in the last couple of years.
  • The Operating Margin of REACH (10.51%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of REACH has grown nicely.
  • With an excellent Gross Margin value of 71.16%, REACH belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
Industry RankSector Rank
OM 10.51%
PM (TTM) 6.8%
GM 71.16%
OM growth 3Y5.14%
OM growth 5YN/A
PM growth 3Y-17.91%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
REACH.OL Yearly Profit, Operating, Gross MarginsREACH.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. REACH.OL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), REACH is creating some value.
  • The number of shares outstanding for REACH has been increased compared to 1 year ago.
  • The number of shares outstanding for REACH has been increased compared to 5 years ago.
  • The debt/assets ratio for REACH is higher compared to a year ago.
REACH.OL Yearly Shares OutstandingREACH.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
REACH.OL Yearly Total Debt VS Total AssetsREACH.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • REACH has an Altman-Z score of 1.80. This is a bad value and indicates that REACH is not financially healthy and even has some risk of bankruptcy.
  • With a decent Altman-Z score value of 1.80, REACH is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • REACH has a debt to FCF ratio of 2.62. This is a good value and a sign of high solvency as REACH would need 2.62 years to pay back of all of its debts.
  • REACH has a Debt to FCF ratio of 2.62. This is in the better half of the industry: REACH outperforms 66.67% of its industry peers.
  • REACH has a Debt/Equity ratio of 0.88. This is a neutral value indicating REACH is somewhat dependend on debt financing.
  • The Debt to Equity ratio of REACH (0.88) is worse than 63.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 2.62
Altman-Z 1.8
ROIC/WACC1.12
WACC9.04%
REACH.OL Yearly LT Debt VS Equity VS FCFREACH.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • REACH has a Current Ratio of 1.14. This is a normal value and indicates that REACH is financially healthy and should not expect problems in meeting its short term obligations.
  • REACH has a worse Current ratio (1.14) than 69.44% of its industry peers.
  • REACH has a Quick Ratio of 1.14. This is a normal value and indicates that REACH is financially healthy and should not expect problems in meeting its short term obligations.
  • REACH has a Quick ratio of 1.14. This is in the lower half of the industry: REACH underperforms 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 1.14
REACH.OL Yearly Current Assets VS Current LiabilitesREACH.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. REACH.OL Growth Analysis

3.1 Past

  • REACH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -30.25%.
  • Measured over the past 5 years, REACH shows a small growth in Earnings Per Share. The EPS has been growing by 1.51% on average per year.
  • The Revenue has grown by 9.92% in the past year. This is quite good.
  • Measured over the past years, REACH shows a very strong growth in Revenue. The Revenue has been growing by 39.82% on average per year.
EPS 1Y (TTM)-30.25%
EPS 3Y1.51%
EPS 5YN/A
EPS Q2Q%-60%
Revenue 1Y (TTM)9.92%
Revenue growth 3Y58.19%
Revenue growth 5Y39.82%
Sales Q2Q%-17.56%

3.2 Future

  • Based on estimates for the next years, REACH will show a very strong growth in Earnings Per Share. The EPS will grow by 35.05% on average per year.
  • Based on estimates for the next years, REACH will show a quite strong growth in Revenue. The Revenue will grow by 12.32% on average per year.
EPS Next Y-100%
EPS Next 2Y-41.42%
EPS Next 3Y35.05%
EPS Next 5YN/A
Revenue Next Year15.83%
Revenue Next 2Y10.88%
Revenue Next 3Y12.32%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
REACH.OL Yearly Revenue VS EstimatesREACH.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
REACH.OL Yearly EPS VS EstimatesREACH.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2027 0 0.5 1 1.5

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6

4. REACH.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • REACH is valuated reasonably with a Price/Earnings ratio of 9.71.
  • Based on the Price/Earnings ratio, REACH is valued a bit cheaper than 72.22% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.29. REACH is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.71
Fwd PE N/A
REACH.OL Price Earnings VS Forward Price EarningsREACH.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

  • REACH's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. REACH is cheaper than 91.67% of the companies in the same industry.
  • 88.89% of the companies in the same industry are more expensive than REACH, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 3.21
EV/EBITDA 2.81
REACH.OL Per share dataREACH.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • The decent profitability rating of REACH may justify a higher PE ratio.
  • A more expensive valuation may be justified as REACH's earnings are expected to grow with 35.05% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-41.42%
EPS Next 3Y35.05%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. REACH.OL Dividend Analysis

5.1 Amount

  • REACH has a Yearly Dividend Yield of 2.49%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.16, REACH has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, REACH pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.49%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • REACH pays out 73.37% of its income as dividend. This is not a sustainable payout ratio.
DP73.37%
EPS Next 2Y-41.42%
EPS Next 3Y35.05%
REACH.OL Yearly Income VS Free CF VS DividendREACH.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M
REACH.OL Dividend Payout.REACH.OL Dividend Payout, showing the Payout Ratio.REACH.OL Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

REACH.OL Fundamentals: All Metrics, Ratios and Statistics

REACH SUBSEA ASA

OSL:REACH (3/6/2026, 7:00:00 PM)

6.7

-0.14 (-2.05%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners6.99%
Inst Owner ChangeN/A
Ins Owners1.45%
Ins Owner ChangeN/A
Market Cap2.19B
Revenue(TTM)2.76B
Net Income(TTM)187.40M
Analysts84.44
Price Target8.67 (29.4%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.49%
Yearly Dividend0.45
Dividend Growth(5Y)N/A
DP73.37%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-12.93%
Min Revenue beat(2)-14.25%
Max Revenue beat(2)-11.61%
Revenue beat(4)1
Avg Revenue beat(4)-3.12%
Min Revenue beat(4)-14.25%
Max Revenue beat(4)13.47%
Revenue beat(8)4
Avg Revenue beat(8)3.48%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)N/A
EPS NY rev (3m)-100%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 9.71
Fwd PE N/A
P/S 0.8
P/FCF 3.21
P/OCF 2.04
P/B 1.72
P/tB 1.92
EV/EBITDA 2.81
EPS(TTM)0.69
EY10.3%
EPS(NY)0
Fwd EYN/A
FCF(TTM)2.09
FCFY31.2%
OCF(TTM)3.28
OCFY48.98%
SpS8.42
BVpS3.89
TBVpS3.49
PEG (NY)N/A
PEG (5Y)N/A
Graham Number7.77
Profitability
Industry RankSector Rank
ROA 5.13%
ROE 14.73%
ROCE 12.13%
ROIC 10.15%
ROICexc 13.68%
ROICexgc 14.77%
OM 10.51%
PM (TTM) 6.8%
GM 71.16%
FCFM 24.83%
ROA(3y)7.44%
ROA(5y)9.35%
ROE(3y)18.53%
ROE(5y)21.76%
ROIC(3y)15.65%
ROIC(5y)17.06%
ROICexc(3y)20.68%
ROICexc(5y)25.92%
ROICexgc(3y)24.48%
ROICexgc(5y)28.23%
ROCE(3y)18.71%
ROCE(5y)20.39%
ROICexgc growth 3Y-6.09%
ROICexgc growth 5YN/A
ROICexc growth 3Y-8.71%
ROICexc growth 5YN/A
OM growth 3Y5.14%
OM growth 5YN/A
PM growth 3Y-17.91%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.75
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 2.62
Debt/EBITDA 0.92
Cap/Depr 42.16%
Cap/Sales 14.15%
Interest Coverage 250
Cash Conversion 88.44%
Profit Quality 365.15%
Current Ratio 1.14
Quick Ratio 1.14
Altman-Z 1.8
F-Score6
WACC9.04%
ROIC/WACC1.12
Cap/Depr(3y)37.53%
Cap/Depr(5y)22.85%
Cap/Sales(3y)11.42%
Cap/Sales(5y)6.96%
Profit Quality(3y)346.69%
Profit Quality(5y)390.9%
High Growth Momentum
Growth
EPS 1Y (TTM)-30.25%
EPS 3Y1.51%
EPS 5YN/A
EPS Q2Q%-60%
EPS Next Y-100%
EPS Next 2Y-41.42%
EPS Next 3Y35.05%
EPS Next 5YN/A
Revenue 1Y (TTM)9.92%
Revenue growth 3Y58.19%
Revenue growth 5Y39.82%
Sales Q2Q%-17.56%
Revenue Next Year15.83%
Revenue Next 2Y10.88%
Revenue Next 3Y12.32%
Revenue Next 5YN/A
EBIT growth 1Y-20.27%
EBIT growth 3Y66.32%
EBIT growth 5YN/A
EBIT Next Year242.58%
EBIT Next 3Y70.26%
EBIT Next 5YN/A
FCF growth 1Y54.48%
FCF growth 3Y29.62%
FCF growth 5Y30.94%
OCF growth 1Y67.05%
OCF growth 3Y45.92%
OCF growth 5Y35.34%

REACH SUBSEA ASA / REACH.OL FAQ

What is the ChartMill fundamental rating of REACH SUBSEA ASA (REACH.OL) stock?

ChartMill assigns a fundamental rating of 6 / 10 to REACH.OL.


What is the valuation status for REACH stock?

ChartMill assigns a valuation rating of 6 / 10 to REACH SUBSEA ASA (REACH.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for REACH SUBSEA ASA?

REACH SUBSEA ASA (REACH.OL) has a profitability rating of 7 / 10.


What is the expected EPS growth for REACH SUBSEA ASA (REACH.OL) stock?

The Earnings per Share (EPS) of REACH SUBSEA ASA (REACH.OL) is expected to decline by -100% in the next year.


Can you provide the dividend sustainability for REACH stock?

The dividend rating of REACH SUBSEA ASA (REACH.OL) is 4 / 10 and the dividend payout ratio is 73.37%.