SBM OFFSHORE NV (SBMO.AS) Stock Fundamental Analysis
AMS:SBMO - NL0000360618 - Common Stock
21.84 EUR
-0.68 (-3.02%)
Overall SBMO gets a fundamental rating of 4 out of 10. We evaluated SBMO against 37 industry peers in the Energy Equipment & Services industry. SBMO scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. SBMO is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
SBMO had positive earnings in the past year.
In the past year SBMO had a positive cash flow from operations.
Each year in the past 5 years SBMO has been profitable.
In the past 5 years SBMO reported 4 times negative operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.99%, SBMO is doing worse than 70.27% of the companies in the same industry.
SBMO has a Return On Equity (9.05%) which is comparable to the rest of the industry.
SBMO's Return On Invested Capital of 5.81% is on the low side compared to the rest of the industry. SBMO is outperformed by 67.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SBMO is significantly below the industry average of 11.49%.
The last Return On Invested Capital (5.81%) for SBMO is above the 3 year average (5.60%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.99% | ||
| ROE | 9.05% | ||
| ROIC | 5.81% |
ROA(3y)2.19%
ROA(5y)2.26%
ROE(3y)10.18%
ROE(5y)10.7%
ROIC(3y)5.6%
ROIC(5y)5.51%
1.3 Margins
With a Profit Margin value of 6.59%, SBMO perfoms like the industry average, outperforming 45.95% of the companies in the same industry.
In the last couple of years the Profit Margin of SBMO has declined.
With a decent Operating Margin value of 21.52%, SBMO is doing good in the industry, outperforming 78.38% of the companies in the same industry.
SBMO's Operating Margin has declined in the last couple of years.
The Gross Margin of SBMO (25.83%) is better than 62.16% of its industry peers.
SBMO's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.52% | ||
| PM (TTM) | 6.59% | ||
| GM | 25.83% |
OM growth 3Y2.55%
OM growth 5Y-2.75%
PM growth 3Y-33.97%
PM growth 5Y-21.9%
GM growth 3Y0.89%
GM growth 5Y-2.99%
2. Health
2.1 Basic Checks
SBMO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, SBMO has less shares outstanding
The number of shares outstanding for SBMO has been reduced compared to 5 years ago.
SBMO has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.17, we must say that SBMO is in the distress zone and has some risk of bankruptcy.
SBMO's Altman-Z score of 1.17 is in line compared to the rest of the industry. SBMO outperforms 48.65% of its industry peers.
The Debt to FCF ratio of SBMO is 4.65, which is a neutral value as it means it would take SBMO, 4.65 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 4.65, SBMO perfoms like the industry average, outperforming 48.65% of the companies in the same industry.
A Debt/Equity ratio of 2.12 is on the high side and indicates that SBMO has dependencies on debt financing.
SBMO's Debt to Equity ratio of 2.12 is on the low side compared to the rest of the industry. SBMO is outperformed by 81.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.12 | ||
| Debt/FCF | 4.65 | ||
| Altman-Z | 1.17 |
ROIC/WACC0.92
WACC6.3%
2.3 Liquidity
SBMO has a Current Ratio of 2.08. This indicates that SBMO is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.08, SBMO is doing good in the industry, outperforming 70.27% of the companies in the same industry.
A Quick Ratio of 2.03 indicates that SBMO has no problem at all paying its short term obligations.
SBMO has a better Quick ratio (2.03) than 75.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.08 | ||
| Quick Ratio | 2.03 |
3. Growth
3.1 Past
The earnings per share for SBMO have decreased strongly by -13.15% in the last year.
The earnings per share for SBMO have been decreasing by -14.78% on average. This is quite bad
Looking at the last year, SBMO shows a quite strong growth in Revenue. The Revenue has grown by 14.18% in the last year.
The Revenue has been growing slightly by 7.13% on average over the past years.
EPS 1Y (TTM)-13.15%
EPS 3Y-27.53%
EPS 5Y-14.78%
EPS Q2Q%186.23%
Revenue 1Y (TTM)14.18%
Revenue growth 3Y9.22%
Revenue growth 5Y7.13%
Sales Q2Q%4.1%
3.2 Future
Based on estimates for the next years, SBMO will show a very negative growth in Earnings Per Share. The EPS will decrease by -12.72% on average per year.
The Revenue is expected to decrease by -10.39% on average over the next years. This is quite bad
EPS Next Y-22.49%
EPS Next 2Y-11.44%
EPS Next 3Y1.43%
EPS Next 5Y-12.72%
Revenue Next Year-17.44%
Revenue Next 2Y-9.32%
Revenue Next 3Y0.2%
Revenue Next 5Y-10.39%
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 stable.
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
SBMO is valuated correctly with a Price/Earnings ratio of 12.48.
Compared to the rest of the industry, the Price/Earnings ratio of SBMO is on the same level as its industry peers.
When comparing the Price/Earnings ratio of SBMO to the average of the S&P500 Index (27.06), we can say SBMO is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.79, the valuation of SBMO can be described as very cheap.
The rest of the industry has a similar Price/Forward Earnings ratio as SBMO.
SBMO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.48 | ||
| Fwd PE | 7.79 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SBMO is valued a bit more expensive than 70.27% of the companies in the same industry.
94.59% of the companies in the same industry are more expensive than SBMO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.28 | ||
| EV/EBITDA | 10.39 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-11.44%
EPS Next 3Y1.43%
5. Dividend
5.1 Amount
SBMO has a Yearly Dividend Yield of 3.72%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.78, SBMO has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, SBMO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.72% |
5.2 History
The dividend of SBMO is nicely growing with an annual growth rate of 21.40%!
Dividend Growth(5Y)21.4%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
104.21% of the earnings are spent on dividend by SBMO. This is not a sustainable payout ratio.
The Dividend Rate of SBMO has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP104.21%
EPS Next 2Y-11.44%
EPS Next 3Y1.43%
AMS:SBMO (9/5/2025, 7:00:00 PM)
21.84
-0.68 (-3.02%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners43.25%
Inst Owner ChangeN/A
Ins Owners1.2%
Ins Owner ChangeN/A
Market Cap3.85B
Analysts84.29
Price Target27.88 (27.66%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.72% |
Yearly Dividend1.21
Dividend Growth(5Y)21.4%
DP104.21%
Div Incr Years1
Div Non Decr Years1
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)-0.55%
PT rev (3m)5.65%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)25.14%
EPS NY rev (3m)25.14%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.79%
Revenue NY rev (3m)4.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.48 | ||
| Fwd PE | 7.79 | ||
| P/S | 0.83 | ||
| P/FCF | 2.28 | ||
| P/OCF | 2.17 | ||
| P/B | 1.14 | ||
| P/tB | 1.2 | ||
| EV/EBITDA | 10.39 |
EPS(TTM)1.75
EY8.01%
EPS(NY)2.8
Fwd EY12.84%
FCF(TTM)9.59
FCFY43.89%
OCF(TTM)10.05
OCFY46.03%
SpS26.31
BVpS19.15
TBVpS18.23
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.99% | ||
| ROE | 9.05% | ||
| ROCE | 7.83% | ||
| ROIC | 5.81% | ||
| ROICexc | 6.24% | ||
| ROICexgc | 6.33% | ||
| OM | 21.52% | ||
| PM (TTM) | 6.59% | ||
| GM | 25.83% | ||
| FCFM | 36.44% |
ROA(3y)2.19%
ROA(5y)2.26%
ROE(3y)10.18%
ROE(5y)10.7%
ROIC(3y)5.6%
ROIC(5y)5.51%
ROICexc(3y)5.89%
ROICexc(5y)5.92%
ROICexgc(3y)5.96%
ROICexgc(5y)5.98%
ROCE(3y)7.55%
ROCE(5y)7.43%
ROICexcg growth 3Y-1.98%
ROICexcg growth 5Y-5.86%
ROICexc growth 3Y-2.09%
ROICexc growth 5Y-6.05%
OM growth 3Y2.55%
OM growth 5Y-2.75%
PM growth 3Y-33.97%
PM growth 5Y-21.9%
GM growth 3Y0.89%
GM growth 5Y-2.99%
F-Score5
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.12 | ||
| Debt/FCF | 4.65 | ||
| Debt/EBITDA | 6.8 | ||
| Cap/Depr | 145.46% | ||
| Cap/Sales | 1.78% | ||
| Interest Coverage | 3.09 | ||
| Cash Conversion | 168.02% | ||
| Profit Quality | 553.09% | ||
| Current Ratio | 2.08 | ||
| Quick Ratio | 2.03 | ||
| Altman-Z | 1.17 |
F-Score5
WACC6.3%
ROIC/WACC0.92
Cap/Depr(3y)176.11%
Cap/Depr(5y)120.94%
Cap/Sales(3y)2.53%
Cap/Sales(5y)2.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-13.15%
EPS 3Y-27.53%
EPS 5Y-14.78%
EPS Q2Q%186.23%
EPS Next Y-22.49%
EPS Next 2Y-11.44%
EPS Next 3Y1.43%
EPS Next 5Y-12.72%
Revenue 1Y (TTM)14.18%
Revenue growth 3Y9.22%
Revenue growth 5Y7.13%
Sales Q2Q%4.1%
Revenue Next Year-17.44%
Revenue Next 2Y-9.32%
Revenue Next 3Y0.2%
Revenue Next 5Y-10.39%
EBIT growth 1Y4.96%
EBIT growth 3Y12.01%
EBIT growth 5Y4.17%
EBIT Next Year17.56%
EBIT Next 3Y13.94%
EBIT Next 5Y2.31%
FCF growth 1Y204.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y219.09%
OCF growth 3YN/A
OCF growth 5YN/A