SBM OFFSHORE NV (SBMO.AS) Stock Fundamental Analysis
AMS:SBMO - Euronext Amsterdam - NL0000360618 - Common Stock - Currency: EUR
SBMO gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 35 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
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.
In the past 5 years SBMO has always 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 0.87%, SBMO is doing worse than 80.00% of the companies in the same industry.
The Return On Equity of SBMO (4.14%) is worse than 77.14% of its industry peers.
SBMO has a Return On Invested Capital of 4.86%. This is in the lower half of the industry: SBMO underperforms 71.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SBMO is below the industry average of 9.82%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.87% | ||
| ROE | 4.14% | ||
| ROIC | 4.86% |
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
The Profit Margin of SBMO (3.14%) is worse than 71.43% of its industry peers.
SBMO's Profit Margin has declined in the last couple of years.
SBMO's Operating Margin of 19.52% is fine compared to the rest of the industry. SBMO outperforms 77.14% of its industry peers.
SBMO's Operating Margin has declined in the last couple of years.
SBMO has a Gross Margin (23.66%) which is in line with its industry peers.
SBMO's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.52% | ||
| PM (TTM) | 3.14% | ||
| GM | 23.66% |
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.
SBMO has less shares outstanding than it did 1 year ago.
SBMO has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, SBMO has an improved debt to assets ratio.
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 has a Altman-Z score of 1.32. This is in the better half of the industry: SBMO outperforms 65.71% of its industry peers.
SBMO has a debt to FCF ratio of 6.55. This is a slightly negative value and a sign of low solvency as SBMO would need 6.55 years to pay back of all of its debts.
SBMO has a worse Debt to FCF ratio (6.55) than 62.86% of its industry peers.
SBMO has a Debt/Equity ratio of 2.13. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of SBMO (2.13) is worse than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 6.55 | ||
| Altman-Z | 1.32 |
ROIC/WACC0.78
WACC6.24%
2.3 Liquidity
SBMO has a Current Ratio of 3.39. This indicates that SBMO is financially healthy and has no problem in meeting its short term obligations.
SBMO has a Current ratio of 3.39. This is amongst the best in the industry. SBMO outperforms 85.71% of its industry peers.
A Quick Ratio of 3.38 indicates that SBMO has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 3.38, SBMO belongs to the best of the industry, outperforming 91.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.39 | ||
| Quick Ratio | 3.38 |
3. Growth
3.1 Past
SBMO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -69.14%.
The earnings per share for SBMO have been decreasing by -14.78% on average. This is quite bad
The Revenue has decreased by -3.61% in the past year.
SBMO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.13% yearly.
EPS 1Y (TTM)-69.14%
EPS 3Y-27.53%
EPS 5Y-14.78%
EPS Q2Q%-89.02%
Revenue 1Y (TTM)-3.61%
Revenue growth 3Y9.22%
Revenue growth 5Y7.13%
Sales Q2Q%2.03%
3.2 Future
The Earnings Per Share is expected to decrease by -12.72% on average over the next years. This is quite bad
Based on estimates for the next years, SBMO will show a very negative growth in Revenue. The Revenue will decrease by -10.39% on average per year.
EPS Next Y-38.06%
EPS Next 2Y-18.95%
EPS Next 3Y-2.57%
EPS Next 5Y-12.72%
Revenue Next Year-21.14%
Revenue Next 2Y-9.36%
Revenue Next 3Y0.71%
Revenue Next 5Y-10.39%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 25.25, the valuation of SBMO can be described as expensive.
Based on the Price/Earnings ratio, SBMO is valued a bit more expensive than the industry average as 74.29% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 28.10. SBMO is around the same levels.
A Price/Forward Earnings ratio of 8.10 indicates a reasonable valuation of SBMO.
Based on the Price/Forward Earnings ratio, SBMO is valued a bit cheaper than the industry average as 62.86% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of SBMO to the average of the S&P500 Index (20.74), we can say SBMO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.25 | ||
| Fwd PE | 8.1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SBMO is valued a bit more expensive than 65.71% of the companies in the same industry.
85.71% 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 | 2.7 | ||
| EV/EBITDA | 11.77 |
4.3 Compensation for Growth
A cheap valuation may be justified as SBMO's earnings are expected to decrease with -2.57% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-18.95%
EPS Next 3Y-2.57%
5. Dividend
5.1 Amount
SBMO has a Yearly Dividend Yield of 4.64%, which is a nice return.
SBMO's Dividend Yield is a higher than the industry average which is at 7.27.
SBMO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.64% |
5.2 History
On average, the dividend of SBMO grows each year by 21.40%, which is quite nice.
Dividend Growth(5Y)21.4%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
SBMO pays out 166.00% of its income as dividend. 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.
DP166%
EPS Next 2Y-18.95%
EPS Next 3Y-2.57%
AMS:SBMO (5/6/2025, 2:01:53 PM)
18.43
+0.05 (+0.27%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners43%
Inst Owner ChangeN/A
Ins Owners1.2%
Ins Owner ChangeN/A
Market Cap3.25B
Analysts84.29
Price Target26.39 (43.19%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.64% |
Yearly Dividend1.24
Dividend Growth(5Y)21.4%
DP166%
Div Incr Years2
Div Non Decr Years2
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)0.98%
PT rev (3m)8.09%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)28.02%
EPS NY rev (3m)24.35%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)5.14%
Revenue NY rev (3m)5.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.25 | ||
| Fwd PE | 8.1 | ||
| P/S | 0.77 | ||
| P/FCF | 2.7 | ||
| P/OCF | 2.49 | ||
| P/B | 1.02 | ||
| P/tB | 1.07 | ||
| EV/EBITDA | 11.77 |
EPS(TTM)0.73
EY3.96%
EPS(NY)2.27
Fwd EY12.34%
FCF(TTM)6.83
FCFY37.05%
OCF(TTM)7.41
OCFY40.2%
SpS23.91
BVpS18.09
TBVpS17.21
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.87% | ||
| ROE | 4.14% | ||
| ROCE | 6.55% | ||
| ROIC | 4.86% | ||
| ROICexc | 5.15% | ||
| ROICexgc | 5.22% | ||
| OM | 19.52% | ||
| PM (TTM) | 3.14% | ||
| GM | 23.66% | ||
| FCFM | 28.55% |
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-Score6
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 6.55 | ||
| Debt/EBITDA | 7.68 | ||
| Cap/Depr | 165.71% | ||
| Cap/Sales | 2.42% | ||
| Interest Coverage | 2.62 | ||
| Cash Conversion | 147.61% | ||
| Profit Quality | 910.67% | ||
| Current Ratio | 3.39 | ||
| Quick Ratio | 3.38 | ||
| Altman-Z | 1.32 |
F-Score6
WACC6.24%
ROIC/WACC0.78
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)-69.14%
EPS 3Y-27.53%
EPS 5Y-14.78%
EPS Q2Q%-89.02%
EPS Next Y-38.06%
EPS Next 2Y-18.95%
EPS Next 3Y-2.57%
EPS Next 5Y-12.72%
Revenue 1Y (TTM)-3.61%
Revenue growth 3Y9.22%
Revenue growth 5Y7.13%
Sales Q2Q%2.03%
Revenue Next Year-21.14%
Revenue Next 2Y-9.36%
Revenue Next 3Y0.71%
Revenue Next 5Y-10.39%
EBIT growth 1Y-19.9%
EBIT growth 3Y12.01%
EBIT growth 5Y4.17%
EBIT Next Year14.03%
EBIT Next 3Y13.75%
EBIT Next 5Y2.31%
FCF growth 1Y499.42%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y976.92%
OCF growth 3YN/A
OCF growth 5YN/A