SBM OFFSHORE NV (SBMO.AS) Stock Fundamental Analysis
AMS:SBMO - Euronext Amsterdam - NL0000360618 - Common Stock - Currency: EUR
Taking everything into account, SBMO scores 3 out of 10 in our fundamental rating. SBMO was compared to 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
In the past year SBMO was profitable.
SBMO had a positive operating cash flow in the past year.
SBMO had positive earnings in each of the past 5 years.
In the past 5 years SBMO reported 4 times negative operating cash flow.
1.2 Ratios
SBMO has a Return On Assets of 0.87%. This is amonst the worse of the industry: SBMO underperforms 80.00% of its industry peers.
SBMO has a Return On Equity of 4.14%. This is in the lower half of the industry: SBMO underperforms 74.29% 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.
SBMO had an Average Return On Invested Capital over the past 3 years of 5.60%. This is below the industry average of 10.50%.
| 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
Looking at the Profit Margin, with a value of 3.14%, SBMO is doing worse than 68.57% 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 19.52%, SBMO is doing good in the industry, outperforming 74.29% of the companies in the same industry.
In the last couple of years the Operating Margin of SBMO has declined.
SBMO has a Gross Margin of 23.66%. This is comparable to the rest of the industry: SBMO outperforms 57.14% of 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.
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.
Compared to 1 year ago, SBMO has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.33, we must say that SBMO is in the distress zone and has some risk of bankruptcy.
SBMO has a Altman-Z score of 1.33. This is comparable to the rest of the industry: SBMO outperforms 57.14% of its industry peers.
The Debt to FCF ratio of SBMO is 6.55, which is on the high side as it means it would take SBMO, 6.55 years of fcf income to pay off all of its debts.
SBMO's Debt to FCF ratio of 6.55 is in line compared to the rest of the industry. SBMO outperforms 42.86% 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.
SBMO has a Debt to Equity ratio of 2.13. This is amonst the worse of the industry: SBMO underperforms 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 6.55 | ||
| Altman-Z | 1.33 |
ROIC/WACC0.76
WACC6.39%
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's Current ratio of 3.39 is amongst the best of the industry. SBMO outperforms 85.71% of its industry peers.
SBMO has a Quick Ratio of 3.38. This indicates that SBMO is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of SBMO (3.38) is better than 91.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.39 | ||
| Quick Ratio | 3.38 |
3. Growth
3.1 Past
The earnings per share for SBMO have decreased strongly by -69.14% in the last year.
SBMO shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.78% yearly.
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
SBMO is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -12.72% yearly.
The Revenue is expected to decrease by -10.39% on average over the next years. This is quite bad
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.
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
With a Price/Earnings ratio of 27.32, SBMO can be considered very expensive at the moment.
Based on the Price/Earnings ratio, SBMO is valued a bit more expensive than 77.14% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.25. SBMO is around the same levels.
A Price/Forward Earnings ratio of 8.84 indicates a reasonable valuation of SBMO.
SBMO's Price/Forward Earnings is on the same level as the industry average.
SBMO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.15.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.32 | ||
| Fwd PE | 8.84 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SBMO is valued a bit more expensive than the industry average as 68.57% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, SBMO is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.94 | ||
| EV/EBITDA | 12.1 |
4.3 Compensation for Growth
SBMO's earnings are expected to decrease with -2.57% in the coming years. This may justify a cheaper valuation.
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 4.52%, which is a nice return.
Compared to an average industry Dividend Yield of 6.53, SBMO pays a bit more dividend than its industry peers.
SBMO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.52% |
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
166.00% 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.
DP166%
EPS Next 2Y-18.95%
EPS Next 3Y-2.57%
AMS:SBMO (5/30/2025, 7:00:00 PM)
20.22
+0.04 (+0.2%)
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 Cap3.57B
Analysts84.29
Price Target26.39 (30.51%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.52% |
Yearly Dividend1.25
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)0%
EPS NY rev (3m)22.45%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.32 | ||
| Fwd PE | 8.84 | ||
| P/S | 0.84 | ||
| P/FCF | 2.94 | ||
| P/OCF | 2.71 | ||
| P/B | 1.11 | ||
| P/tB | 1.17 | ||
| EV/EBITDA | 12.1 |
EPS(TTM)0.74
EY3.66%
EPS(NY)2.29
Fwd EY11.31%
FCF(TTM)6.87
FCFY33.96%
OCF(TTM)7.45
OCFY36.84%
SpS24.05
BVpS18.19
TBVpS17.31
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 | 1.33 |
F-Score6
WACC6.39%
ROIC/WACC0.76
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 Year17.56%
EBIT Next 3Y13.94%
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