SBM OFFSHORE NV (SBMO.AS) Fundamental Analysis & Valuation

AMS:SBMO • NL0000360618

Current stock price

35.48 EUR
+0.96 (+2.78%)
Last:

This SBMO.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. SBMO.AS Profitability Analysis

1.1 Basic Checks

  • In the past year SBMO was profitable.
  • SBMO had a positive operating cash flow in the past year.
  • In the past 5 years SBMO has always been profitable.
  • The reported operating cash flow has been mixed in the past 5 years: SBMO reported negative operating cash flow in multiple 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 2025 0 500M -500M 1B -1B 1.5B

1.2 Ratios

  • SBMO has a Return On Assets of 5.09%. This is comparable to the rest of the industry: SBMO outperforms 51.43% of its industry peers.
  • SBMO has a Return On Equity of 20.93%. This is in the better half of the industry: SBMO outperforms 74.29% of its industry peers.
  • The Return On Invested Capital of SBMO (10.99%) is better than 71.43% of its industry peers.
  • SBMO had an Average Return On Invested Capital over the past 3 years of 7.62%. This is below the industry average of 10.49%.
  • The 3 year average ROIC (7.62%) for SBMO is below the current ROIC(10.99%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.09%
ROE 20.93%
ROIC 10.99%
ROA(3y)2.94%
ROA(5y)2.94%
ROE(3y)12.74%
ROE(5y)13.39%
ROIC(3y)7.62%
ROIC(5y)6.97%
SBMO.AS Yearly ROA, ROE, ROICSBMO.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 15.62%, SBMO is in the better half of the industry, outperforming 68.57% of the companies in the same industry.
  • In the last couple of years the Profit Margin of SBMO has grown nicely.
  • SBMO has a better Operating Margin (30.26%) than 94.29% of its industry peers.
  • SBMO's Operating Margin has improved in the last couple of years.
  • SBMO has a Gross Margin of 34.20%. This is in the better half of the industry: SBMO outperforms 77.14% of its industry peers.
  • In the last couple of years the Gross Margin of SBMO has grown nicely.
Industry RankSector Rank
OM 30.26%
PM (TTM) 15.62%
GM 34.2%
OM growth 3Y13.87%
OM growth 5Y8.9%
PM growth 3Y19.47%
PM growth 5Y23.38%
GM growth 3Y12.44%
GM growth 5Y6.11%
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 2025 0 10 20 30 40

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4

2. SBMO.AS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SBMO is creating some value.
  • The number of shares outstanding for SBMO has been reduced compared to 1 year ago.
  • 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.
SBMO.AS Yearly Shares OutstandingSBMO.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 5B 10B 15B

2.2 Solvency

  • SBMO has an Altman-Z score of 1.36. This is a bad value and indicates that SBMO is not financially healthy and even has some risk of bankruptcy.
  • SBMO has a Altman-Z score of 1.36. This is comparable to the rest of the industry: SBMO outperforms 60.00% of its industry peers.
  • The Debt to FCF ratio of SBMO is 8.00, which is on the high side as it means it would take SBMO, 8.00 years of fcf income to pay off all of its debts.
  • SBMO has a Debt to FCF ratio (8.00) which is comparable to the rest of the industry.
  • SBMO has a Debt/Equity ratio of 1.50. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.50, SBMO is doing worse than 85.71% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.5
Debt/FCF 8
Altman-Z 1.36
ROIC/WACC1.59
WACC6.91%
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 2025 0 2B 4B 6B 8B

2.3 Liquidity

  • SBMO has a Current Ratio of 1.44. This is a normal value and indicates that SBMO is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.44, SBMO is in line with its industry, outperforming 42.86% of the companies in the same industry.
  • A Quick Ratio of 1.37 indicates that SBMO should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.37, SBMO is in line with its industry, outperforming 51.43% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.44
Quick Ratio 1.37
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 2025 2B 4B 6B 8B

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

5

3. SBMO.AS Growth Analysis

3.1 Past

  • SBMO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 526.02%, which is quite impressive.
  • Measured over the past years, SBMO shows a very strong growth in Earnings Per Share. The EPS has been growing by 31.34% on average per year.
  • The Revenue has grown by 23.39% in the past year. This is a very strong growth!
  • Measured over the past years, SBMO shows a quite strong growth in Revenue. The Revenue has been growing by 11.05% on average per year.
EPS 1Y (TTM)526.02%
EPS 3Y28.02%
EPS 5Y31.34%
EPS Q2Q%1717.49%
Revenue 1Y (TTM)23.39%
Revenue growth 3Y6.31%
Revenue growth 5Y11.05%
Sales Q2Q%7.45%

3.2 Future

  • The Earnings Per Share is expected to decrease by -8.19% on average over the next years.
  • The Revenue is expected to decrease by -1.74% on average over the next years.
EPS Next Y27.74%
EPS Next 2Y-6.58%
EPS Next 3Y-5.9%
EPS Next 5Y-8.19%
Revenue Next Year34.07%
Revenue Next 2Y4.95%
Revenue Next 3Y4.06%
Revenue Next 5Y-1.74%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less 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.
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

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8

4. SBMO.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.47, the valuation of SBMO can be described as very reasonable.
  • 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.
  • When comparing the Price/Earnings ratio of SBMO to the average of the S&P500 Index (25.60), we can say SBMO is valued rather cheaply.
  • A Price/Forward Earnings ratio of 8.19 indicates a reasonable valuation of SBMO.
  • SBMO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SBMO is cheaper than 80.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.84, SBMO is valued rather cheaply.
Industry RankSector Rank
PE 10.47
Fwd PE 8.19
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 cheaper than 68.57% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, SBMO is valued cheaply inside the industry as 82.86% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 6.12
EV/EBITDA 8.14
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

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • SBMO has a very decent profitability rating, which may justify a higher PE ratio.
  • SBMO's earnings are expected to decrease with -5.90% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.38
PEG (5Y)0.33
EPS Next 2Y-6.58%
EPS Next 3Y-5.9%

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3

5. SBMO.AS Dividend Analysis

5.1 Amount

  • SBMO has a Yearly Dividend Yield of 1.41%.
  • SBMO's Dividend Yield is comparable with the industry average which is at 3.04.
  • SBMO's Dividend Yield is slightly below the S&P500 average, which is at 1.90.
Industry RankSector Rank
Dividend Yield 1.41%

5.2 History

  • The dividend of SBMO is nicely growing with an annual growth rate of 27.74%!
Dividend Growth(5Y)27.74%
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 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • SBMO pays out 49.02% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP49.02%
EPS Next 2Y-6.58%
EPS Next 3Y-5.9%
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 2025 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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SBMO.AS Fundamentals: All Metrics, Ratios and Statistics

SBM OFFSHORE NV

AMS:SBMO (4/2/2026, 7:00:00 PM)

35.48

+0.96 (+2.78%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-26
Earnings (Next)05-07
Inst Owners42.82%
Inst Owner ChangeN/A
Ins Owners0.45%
Ins Owner ChangeN/A
Market Cap6.08B
Revenue(TTM)5.90B
Net Income(TTM)922.00M
Analysts81.33
Price Target37.55 (5.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.41%
Yearly Dividend2.29
Dividend Growth(5Y)27.74%
DP49.02%
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)5.67%
PT rev (3m)22.15%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)39.86%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.69%
Revenue NY rev (3m)4.98%
Valuation
Industry RankSector Rank
PE 10.47
Fwd PE 8.19
P/S 1.19
P/FCF 6.12
P/OCF 5.77
P/B 1.59
P/tB 1.66
EV/EBITDA 8.14
EPS(TTM)3.39
EY9.55%
EPS(NY)4.33
Fwd EY12.21%
FCF(TTM)5.8
FCFY16.34%
OCF(TTM)6.15
OCFY17.33%
SpS29.89
BVpS22.31
TBVpS21.33
PEG (NY)0.38
PEG (5Y)0.33
Graham Number41.25
Profitability
Industry RankSector Rank
ROA 5.09%
ROE 20.93%
ROCE 13.34%
ROIC 10.99%
ROICexc 11.96%
ROICexgc 12.15%
OM 30.26%
PM (TTM) 15.62%
GM 34.2%
FCFM 19.4%
ROA(3y)2.94%
ROA(5y)2.94%
ROE(3y)12.74%
ROE(5y)13.39%
ROIC(3y)7.62%
ROIC(5y)6.97%
ROICexc(3y)8.13%
ROICexc(5y)7.48%
ROICexgc(3y)8.25%
ROICexgc(5y)7.57%
ROCE(3y)9.25%
ROCE(5y)8.46%
ROICexgc growth 3Y18.96%
ROICexgc growth 5Y10.28%
ROICexc growth 3Y18.73%
ROICexc growth 5Y10.07%
OM growth 3Y13.87%
OM growth 5Y8.9%
PM growth 3Y19.47%
PM growth 5Y23.38%
GM growth 3Y12.44%
GM growth 5Y6.11%
F-Score8
Asset Turnover0.33
Health
Industry RankSector Rank
Debt/Equity 1.5
Debt/FCF 8
Debt/EBITDA 3.56
Cap/Depr 104.55%
Cap/Sales 1.17%
Interest Coverage 4.43
Cash Conversion 65.55%
Profit Quality 124.19%
Current Ratio 1.44
Quick Ratio 1.37
Altman-Z 1.36
F-Score8
WACC6.91%
ROIC/WACC1.59
Cap/Depr(3y)178.81%
Cap/Depr(5y)137.47%
Cap/Sales(3y)2.36%
Cap/Sales(5y)2.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)526.02%
EPS 3Y28.02%
EPS 5Y31.34%
EPS Q2Q%1717.49%
EPS Next Y27.74%
EPS Next 2Y-6.58%
EPS Next 3Y-5.9%
EPS Next 5Y-8.19%
Revenue 1Y (TTM)23.39%
Revenue growth 3Y6.31%
Revenue growth 5Y11.05%
Sales Q2Q%7.45%
Revenue Next Year34.07%
Revenue Next 2Y4.95%
Revenue Next 3Y4.06%
Revenue Next 5Y-1.74%
EBIT growth 1Y91.22%
EBIT growth 3Y21.06%
EBIT growth 5Y20.93%
EBIT Next Year68.62%
EBIT Next 3Y8%
EBIT Next 5Y0.72%
FCF growth 1Y-16.18%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-18.08%
OCF growth 3YN/A
OCF growth 5YN/A

SBM OFFSHORE NV / SBMO.AS Fundamental Analysis FAQ

What is the fundamental rating for SBMO stock?

ChartMill assigns a fundamental rating of 6 / 10 to SBMO.AS.


What is the valuation status of SBM OFFSHORE NV (SBMO.AS) stock?

ChartMill assigns a valuation rating of 8 / 10 to SBM OFFSHORE NV (SBMO.AS). This can be considered as Undervalued.


What is the profitability of SBMO stock?

SBM OFFSHORE NV (SBMO.AS) has a profitability rating of 7 / 10.


What is the valuation of SBM OFFSHORE NV based on its PE and PB ratios?

The Price/Earnings (PE) ratio for SBM OFFSHORE NV (SBMO.AS) is 10.47 and the Price/Book (PB) ratio is 1.59.


What is the earnings growth outlook for SBM OFFSHORE NV?

The Earnings per Share (EPS) of SBM OFFSHORE NV (SBMO.AS) is expected to grow by 27.74% in the next year.