SBM OFFSHORE NV (SBMO.AS) Stock Fundamental Analysis
Europe • Euronext Amsterdam • AMS:SBMO • NL0000360618
30.22 EUR
-0.42 (-1.37%)
Last: Jan 30, 2026, 07:00 PM
SBMO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 36 industry peers in the Energy Equipment & Services industry. While SBMO seems to be doing ok healthwise, there are quite some concerns on its profitability. SBMO has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- SBMO had positive earnings in the past year.
- SBMO had a positive operating cash flow in the past year.
- 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
- With a Return On Assets value of 1.99%, SBMO is not doing good in the industry: 72.22% of the companies in the same industry are doing better.
- SBMO's Return On Equity of 9.05% is in line compared to the rest of the industry. SBMO outperforms 44.44% of its industry peers.
- SBMO has a Return On Invested Capital of 5.81%. This is in the lower half of the industry: SBMO underperforms 63.89% of its industry peers.
- SBMO had an Average Return On Invested Capital over the past 3 years of 5.60%. This is below the industry average of 10.18%.
- The 3 year average ROIC (5.60%) for SBMO is below the current ROIC(5.81%), indicating increased profibility in the last year.
| 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
- SBMO has a Profit Margin of 6.59%. This is comparable to the rest of the industry: SBMO outperforms 55.56% of its industry peers.
- In the last couple of years the Profit Margin of SBMO has declined.
- The Operating Margin of SBMO (21.52%) is better than 80.56% of its industry peers.
- In the last couple of years the Operating Margin of SBMO has declined.
- With a Gross Margin value of 25.83%, SBMO perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
- In the last couple of years the Gross Margin of SBMO has declined.
| 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
- Compared to 5 years ago, SBMO has less shares outstanding
- Compared to 1 year ago, SBMO has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.23, we must say that SBMO is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of SBMO (1.23) is better than 61.11% 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 50.00% 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.
- Looking at the Debt to Equity ratio, with a value of 2.12, SBMO is doing worse than 88.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.12 | ||
| Debt/FCF | 4.65 | ||
| Altman-Z | 1.23 |
ROIC/WACC0.91
WACC6.36%
2.3 Liquidity
- A Current Ratio of 2.08 indicates that SBMO has no problem at all paying its short term obligations.
- SBMO's Current ratio of 2.08 is fine compared to the rest of the industry. SBMO outperforms 72.22% of its industry peers.
- 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 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.08 | ||
| Quick Ratio | 2.03 |
3. Growth
3.1 Past
- SBMO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.16%.
- 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.
- SBMO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.13% yearly.
EPS 1Y (TTM)-13.16%
EPS 3Y-27.53%
EPS 5Y-14.78%
EPS Q2Q%184.34%
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 -10.01% on average per year.
- The Revenue is expected to decrease by -5.74% on average over the next years.
EPS Next Y-18.34%
EPS Next 2Y-5.26%
EPS Next 3Y-7.76%
EPS Next 5Y-10.01%
Revenue Next Year-15.97%
Revenue Next 2Y2.41%
Revenue Next 3Y-5.91%
Revenue Next 5Y-5.74%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better 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
- The Price/Earnings ratio is 17.67, which indicates a rather expensive current valuation of SBMO.
- The rest of the industry has a similar Price/Earnings ratio as SBMO.
- SBMO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.32.
- The Price/Forward Earnings ratio is 9.63, which indicates a very decent valuation of SBMO.
- Based on the Price/Forward Earnings ratio, SBMO is valued a bit cheaper than the industry average as 69.44% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. SBMO is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.67 | ||
| Fwd PE | 9.63 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SBMO indicates a slightly more expensive valuation: SBMO is more expensive than 72.22% of the companies listed in the same industry.
- SBMO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SBMO is cheaper than 91.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.13 | ||
| EV/EBITDA | 11.65 |
4.3 Compensation for Growth
- A cheap valuation may be justified as SBMO's earnings are expected to decrease with -7.76% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.26%
EPS Next 3Y-7.76%
5. Dividend
5.1 Amount
- SBMO has a Yearly Dividend Yield of 2.81%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 3.48, SBMO has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.83, SBMO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.81% |
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 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.
- SBMO's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP104.21%
EPS Next 2Y-5.26%
EPS Next 3Y-7.76%
SBM OFFSHORE NV / SBMO.AS FAQ
What is the fundamental rating for SBMO stock?
ChartMill assigns a fundamental rating of 4 / 10 to SBMO.AS.
Can you provide the valuation status for SBM OFFSHORE NV?
ChartMill assigns a valuation rating of 4 / 10 to SBM OFFSHORE NV (SBMO.AS). This can be considered as Fairly Valued.
Can you provide the profitability details for SBM OFFSHORE NV?
SBM OFFSHORE NV (SBMO.AS) has a profitability rating of 3 / 10.
Can you provide the expected EPS growth for SBMO stock?
The Earnings per Share (EPS) of SBM OFFSHORE NV (SBMO.AS) is expected to decline by -18.34% in the next year.
How sustainable is the dividend of SBM OFFSHORE NV (SBMO.AS) stock?
The dividend rating of SBM OFFSHORE NV (SBMO.AS) is 4 / 10 and the dividend payout ratio is 104.21%.