SBM OFFSHORE NV (SBMO.AS)
NL0000360618 - Common Stock
Taking everything into account, SBMO scores 4 out of 10 in our fundamental rating. SBMO was compared to 41 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of SBMO get a neutral evaluation. Nothing too spectacular is happening here. SBMO has a decent growth rate and is not valued too expensively. Finally SBMO also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
SBMO had positive earnings in the past year.
In the past year SBMO has reported a negative cash flow from operations.
In the past 5 years SBMO has always been profitable.
In the past 5 years SBMO always reported negative operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.86%, SBMO perfoms like the industry average, outperforming 45.00% of the companies in the same industry.
SBMO has a Return On Equity (13.15%) which is comparable to the rest of the industry.
SBMO has a Return On Invested Capital of 6.83%. This is comparable to the rest of the industry: SBMO outperforms 45.00% of its industry peers.
SBMO had an Average Return On Invested Capital over the past 3 years of 6.38%. This is significantly below the industry average of 14.17%.
The 3 year average ROIC (6.38%) for SBMO is below the current ROIC(6.83%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.86% | ||
| ROE | 13.15% | ||
| ROIC | 6.83% |
ROA(3y)2.91%
ROA(5y)2.8%
ROE(3y)13.97%
ROE(5y)12.54%
ROIC(3y)6.38%
ROIC(5y)6.64%
1.3 Margins
SBMO's Profit Margin of 9.89% is in line compared to the rest of the industry. SBMO outperforms 57.50% of its industry peers.
SBMO's Profit Margin has been stable in the last couple of years.
SBMO's Operating Margin of 23.49% is amongst the best of the industry. SBMO outperforms 82.50% of its industry peers.
In the last couple of years the Operating Margin of SBMO has declined.
SBMO has a Gross Margin of 28.61%. This is in the better half of the industry: SBMO outperforms 65.00% of its industry peers.
In the last couple of years the Gross Margin of SBMO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.49% | ||
| PM (TTM) | 9.89% | ||
| GM | 28.61% |
OM growth 3Y6.49%
OM growth 5Y-3.18%
PM growth 3Y21.89%
PM growth 5Y0.89%
GM growth 3Y4.01%
GM growth 5Y-4.41%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SBMO is creating some value.
Compared to 1 year ago, SBMO has more shares outstanding
SBMO has less shares outstanding than it did 5 years ago.
SBMO has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.32, we must say that SBMO is in the distress zone and has some risk of bankruptcy.
SBMO's Altman-Z score of 1.32 is in line compared to the rest of the industry. SBMO outperforms 50.00% of its industry peers.
A Debt/Equity ratio of 2.19 is on the high side and indicates that SBMO has dependencies on debt financing.
With a Debt to Equity ratio value of 2.19, SBMO is not doing good in the industry: 90.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.19 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.32 |
ROIC/WACC1.15
WACC5.96%
2.3 Liquidity
A Current Ratio of 3.36 indicates that SBMO has no problem at all paying its short term obligations.
SBMO's Current ratio of 3.36 is amongst the best of the industry. SBMO outperforms 87.50% of its industry peers.
SBMO has a Quick Ratio of 3.31. This indicates that SBMO is financially healthy and has no problem in meeting its short term obligations.
SBMO has a better Quick ratio (3.31) than 90.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.36 | ||
| Quick Ratio | 3.31 |
3. Growth
3.1 Past
SBMO shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.71%.
The Earnings Per Share has been growing by 21.12% on average over the past years. This is a very strong growth
SBMO shows a small growth in Revenue. In the last year, the Revenue has grown by 1.02%.
Measured over the past years, SBMO shows a quite strong growth in Revenue. The Revenue has been growing by 17.25% on average per year.
EPS 1Y (TTM)7.71%
EPS 3Y39.05%
EPS 5Y21.12%
EPS growth Q2Q98.55%
Revenue 1Y (TTM)1.02%
Revenue growth 3Y12.39%
Revenue growth 5Y17.25%
Revenue growth Q2Q0.24%
3.2 Future
The Earnings Per Share is expected to decrease by -2.30% on average over the next years.
Based on estimates for the next years, SBMO will show a small growth in Revenue. The Revenue will grow by 1.94% on average per year.
EPS Next Y-43.41%
EPS Next 2Y-2.32%
EPS Next 3Y-4.31%
EPS Next 5Y-2.3%
Revenue Next Year-16.19%
Revenue Next 2Y2.65%
Revenue Next 3Y-3.2%
Revenue Next 5Y1.94%
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 5.59, the valuation of SBMO can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of SBMO indicates a somewhat cheap valuation: SBMO is cheaper than 80.00% of the companies listed in the same industry.
SBMO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.25.
SBMO is valuated correctly with a Price/Forward Earnings ratio of 12.90.
SBMO's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.67, SBMO is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.59 | ||
| Fwd PE | 12.9 |
4.2 Price Multiples
SBMO's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.33 |
4.3 Compensation for Growth
SBMO's earnings are expected to decrease with -4.31% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.26
EPS Next 2Y-2.32%
EPS Next 3Y-4.31%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.29%, SBMO is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.69, SBMO pays a better dividend. On top of this SBMO pays more dividend than 92.50% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, SBMO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.29% |
5.2 History
On average, the dividend of SBMO grows each year by 25.56%, which is quite nice.
Dividend Growth(5Y)25.56%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
56.82% of the earnings are spent on dividend by SBMO. This is a bit on the high side, but may be sustainable.
The Dividend Rate of SBMO has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP56.82%
EPS Next 2Y-2.32%
EPS Next 3Y-4.31%
SBM OFFSHORE NV
AMS:SBMO (4/25/2024, 5:29:41 PM)
14.09
-0.19 (-1.33%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.52B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.29% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.59 | ||
| Fwd PE | 12.9 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.86% | ||
| ROE | 13.15% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 23.49% | ||
| PM (TTM) | 9.89% | ||
| GM | 28.61% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.19 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.36 | ||
| Quick Ratio | 3.31 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)7.71%
EPS 3Y39.05%
EPS 5Y
EPS growth Q2Q
EPS Next Y-43.41%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.02%
Revenue growth 3Y12.39%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y