SBM OFFSHORE NV (SBMO.AS) Stock Fundamental Analysis

AMS:SBMO • NL0000360618

32.34 EUR
+0.3 (+0.94%)
Last: Feb 25, 2026, 12:18 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to SBMO. SBMO was compared to 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 is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

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.
  • In the past 5 years SBMO has always been profitable.
  • SBMO had negative operating cash flow in 4 of the past 5 years.
SBMO.AS Yearly Net Income VS EBIT VS OCF VS FCFSBMO.AS 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 0 500M -500M 1B -1B 1.5B

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.
  • The Return On Equity of SBMO (9.05%) is comparable to the rest of the industry.
  • The Return On Invested Capital of SBMO (5.81%) is worse than 63.89% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for SBMO 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 RankSector 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%
SBMO.AS Yearly ROA, ROE, ROICSBMO.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

1.3 Margins

  • With a Profit Margin value of 6.59%, SBMO perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
  • SBMO's Profit Margin has declined in the last couple of years.
  • SBMO's Operating Margin of 21.52% is amongst the best of the industry. SBMO outperforms 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.
  • SBMO's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
SBMO.AS Yearly Profit, Operating, Gross MarginsSBMO.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SBMO is destroying value.
  • The number of shares outstanding for SBMO has been reduced compared to 1 year ago.
  • Compared to 5 years ago, SBMO has less shares outstanding
  • Compared to 1 year ago, SBMO has an improved debt to assets ratio.
SBMO.AS Yearly Shares OutstandingSBMO.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
SBMO.AS Yearly Total Debt VS Total AssetsSBMO.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • SBMO has an Altman-Z score of 1.25. This is a bad value and indicates that SBMO is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.25, SBMO is in line with its industry, outperforming 58.33% of the companies in the same industry.
  • 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.
  • SBMO has a Debt to FCF ratio (4.65) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 2.12 is on the high side and indicates that SBMO has dependencies on debt financing.
  • The Debt to Equity ratio of SBMO (2.12) is worse than 88.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.12
Debt/FCF 4.65
Altman-Z 1.25
ROIC/WACC0.92
WACC6.32%
SBMO.AS Yearly LT Debt VS Equity VS FCFSBMO.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B

2.3 Liquidity

  • A Current Ratio of 2.08 indicates that SBMO has no problem at all paying its short term obligations.
  • SBMO has a Current ratio of 2.08. This is in the better half 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.
  • Looking at the Quick ratio, with a value of 2.03, SBMO is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.08
Quick Ratio 2.03
SBMO.AS Yearly Current Assets VS Current LiabilitesSBMO.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

More info and screens

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

2

3. Growth

3.1 Past

  • The earnings per share for SBMO have decreased strongly by -13.16% in the last year.
  • Measured over the past years, SBMO shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -14.78% on average per year.
  • SBMO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.18%.
  • The Revenue has been growing slightly by 7.13% on average over the past years.
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

  • SBMO is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -10.01% yearly.
  • 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-17.96%
Revenue Next 2Y1.89%
Revenue Next 3Y-6.26%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SBMO.AS Yearly Revenue VS EstimatesSBMO.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
SBMO.AS Yearly EPS VS EstimatesSBMO.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4

More info and screens

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • SBMO is valuated rather expensively with a Price/Earnings ratio of 18.69.
  • SBMO's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.98, SBMO is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 10.19, which indicates a very decent valuation of SBMO.
  • SBMO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SBMO is cheaper than 66.67% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.01, SBMO is valued rather cheaply.
Industry RankSector Rank
PE 18.69
Fwd PE 10.19
SBMO.AS Price Earnings VS Forward Price EarningsSBMO.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, SBMO is valued a bit more expensive than the industry average as 69.44% of the companies are valued more cheaply.
  • SBMO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SBMO is cheaper than 88.89% of the companies in the same industry.
Industry RankSector Rank
P/FCF 3.31
EV/EBITDA 11.89
SBMO.AS Per share dataSBMO.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • SBMO's earnings are expected to decrease with -7.76% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.26%
EPS Next 3Y-7.76%

More info and screens

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

4

5. Dividend

5.1 Amount

  • SBMO has a Yearly Dividend Yield of 2.78%.
  • SBMO's Dividend Yield is comparable with the industry average which is at 3.18.
  • SBMO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 2.78%

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
SBMO.AS Yearly Dividends per shareSBMO.AS Yearly Dividends per shareYearly Dividends per share 2019 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

  • SBMO pays out 104.21% of its income as dividend. 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%
SBMO.AS Yearly Income VS Free CF VS DividendSBMO.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B -1B 1.5B
SBMO.AS Dividend Payout.SBMO.AS Dividend Payout, showing the Payout Ratio.SBMO.AS Dividend Payout.PayoutRetained Earnings

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SBM OFFSHORE NV

AMS:SBMO (2/25/2026, 12:18:01 PM)

32.34

+0.3 (+0.94%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-13
Earnings (Next)02-26
Inst Owners41.61%
Inst Owner ChangeN/A
Ins Owners0.4%
Ins Owner ChangeN/A
Market Cap5.54B
Revenue(TTM)5.40B
Net Income(TTM)356.00M
Analysts81.33
Price Target35.53 (9.86%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.78%
Yearly Dividend1.2
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)15.6%
PT rev (3m)22.56%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)11.24%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.37%
Revenue NY rev (3m)-1.52%
Valuation
Industry RankSector Rank
PE 18.69
Fwd PE 10.19
P/S 1.21
P/FCF 3.31
P/OCF 3.16
P/B 1.66
P/tB 1.74
EV/EBITDA 11.89
EPS(TTM)1.73
EY5.35%
EPS(NY)3.17
Fwd EY9.82%
FCF(TTM)9.76
FCFY30.17%
OCF(TTM)10.23
OCFY31.64%
SpS26.78
BVpS19.49
TBVpS18.56
PEG (NY)N/A
PEG (5Y)N/A
Graham Number27.54
Profitability
Industry RankSector 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%
ROICexgc growth 3Y-1.98%
ROICexgc 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 RankSector 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 1.25
F-Score5
WACC6.32%
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)-13.16%
EPS 3Y-27.53%
EPS 5Y-14.78%
EPS Q2Q%184.34%
EPS Next Y-18.34%
EPS Next 2Y-5.26%
EPS Next 3Y-7.76%
EPS Next 5Y-10.01%
Revenue 1Y (TTM)14.18%
Revenue growth 3Y9.22%
Revenue growth 5Y7.13%
Sales Q2Q%4.1%
Revenue Next Year-17.96%
Revenue Next 2Y1.89%
Revenue Next 3Y-6.26%
Revenue Next 5Y-5.74%
EBIT growth 1Y4.96%
EBIT growth 3Y12.01%
EBIT growth 5Y4.17%
EBIT Next Year28.68%
EBIT Next 3Y5.31%
EBIT Next 5Y-1.62%
FCF growth 1Y204.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y219.09%
OCF growth 3YN/A
OCF growth 5YN/A

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%.