EXMAR NV (EXM.BR) Stock Fundamental Analysis

Europe • Euronext Brussels • EBR:EXM • BE0003808251

9.89 EUR
+0.05 (+0.51%)
Last: Feb 11, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

EXM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 74 industry peers in the Oil, Gas & Consumable Fuels industry. EXM has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. EXM is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year EXM was profitable.
  • In the past year EXM had a positive cash flow from operations.
  • In the past 5 years EXM has always been profitable.
  • In the past 5 years EXM always reported a positive cash flow from operatings.
EXM.BR Yearly Net Income VS EBIT VS OCF VS FCFEXM.BR 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 200M -200M

1.2 Ratios

  • EXM has a Return On Assets of 15.18%. This is amongst the best in the industry. EXM outperforms 97.30% of its industry peers.
  • EXM has a Return On Equity of 23.63%. This is amongst the best in the industry. EXM outperforms 93.24% of its industry peers.
  • EXM has a Return On Invested Capital of 6.70%. This is in the better half of the industry: EXM outperforms 62.16% of its industry peers.
Industry RankSector Rank
ROA 15.18%
ROE 23.63%
ROIC 6.7%
ROA(3y)17.56%
ROA(5y)12.74%
ROE(3y)28.24%
ROE(5y)20.75%
ROIC(3y)N/A
ROIC(5y)N/A
EXM.BR Yearly ROA, ROE, ROICEXM.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

1.3 Margins

  • Looking at the Profit Margin, with a value of 56.24%, EXM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of EXM has grown nicely.
  • Looking at the Operating Margin, with a value of 29.88%, EXM is in the better half of the industry, outperforming 74.32% of the companies in the same industry.
  • EXM's Operating Margin has improved in the last couple of years.
  • The Gross Margin of EXM (51.41%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of EXM has declined.
Industry RankSector Rank
OM 29.88%
PM (TTM) 56.24%
GM 51.41%
OM growth 3YN/A
OM growth 5Y71.38%
PM growth 3Y59.59%
PM growth 5YN/A
GM growth 3Y-0.13%
GM growth 5Y-5.23%
EXM.BR Yearly Profit, Operating, Gross MarginsEXM.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 150 200

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7

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EXM is destroying value.
  • Compared to 1 year ago, EXM has about the same amount of shares outstanding.
  • The number of shares outstanding for EXM has been increased compared to 5 years ago.
  • The debt/assets ratio for EXM is higher compared to a year ago.
EXM.BR Yearly Shares OutstandingEXM.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
EXM.BR Yearly Total Debt VS Total AssetsEXM.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • An Altman-Z score of 3.15 indicates that EXM is not in any danger for bankruptcy at the moment.
  • EXM's Altman-Z score of 3.15 is fine compared to the rest of the industry. EXM outperforms 71.62% of its industry peers.
  • EXM has a debt to FCF ratio of 3.59. This is a good value and a sign of high solvency as EXM would need 3.59 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 3.59, EXM is in the better half of the industry, outperforming 70.27% of the companies in the same industry.
  • EXM has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.40, EXM is in the better half of the industry, outperforming 63.51% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 3.59
Altman-Z 3.15
ROIC/WACC0.96
WACC6.95%
EXM.BR Yearly LT Debt VS Equity VS FCFEXM.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 4.36 indicates that EXM has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 4.36, EXM belongs to the best of the industry, outperforming 91.89% of the companies in the same industry.
  • A Quick Ratio of 4.36 indicates that EXM has no problem at all paying its short term obligations.
  • EXM's Quick ratio of 4.36 is amongst the best of the industry. EXM outperforms 93.24% of its industry peers.
Industry RankSector Rank
Current Ratio 4.36
Quick Ratio 4.36
EXM.BR Yearly Current Assets VS Current LiabilitesEXM.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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

4

3. Growth

3.1 Past

  • EXM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.29%, which is quite impressive.
  • The Earnings Per Share has been growing by 149.41% on average over the past years. This is a very strong growth
  • The Revenue for EXM has decreased by -42.41% in the past year. This is quite bad
  • Measured over the past years, EXM shows a very strong growth in Revenue. The Revenue has been growing by 20.61% on average per year.
EPS 1Y (TTM)29.29%
EPS 3Y149.41%
EPS 5YN/A
EPS Q2Q%-36.15%
Revenue 1Y (TTM)-42.41%
Revenue growth 3Y56.58%
Revenue growth 5Y20.61%
Sales Q2Q%-36.95%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y-71.68%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-31.36%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EXM.BR Yearly Revenue VS EstimatesEXM.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
EXM.BR Yearly EPS VS EstimatesEXM.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1 2 3 4 5

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 4.34, the valuation of EXM can be described as very cheap.
  • EXM's Price/Earnings ratio is rather cheap when compared to the industry. EXM is cheaper than 97.30% of the companies in the same industry.
  • EXM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.23.
  • The Price/Forward Earnings ratio is 36.40, which means the current valuation is very expensive for EXM.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of EXM indicates a slightly more expensive valuation: EXM is more expensive than 77.03% of the companies listed in the same industry.
  • EXM's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.01.
Industry RankSector Rank
PE 4.34
Fwd PE 36.4
EXM.BR Price Earnings VS Forward Price EarningsEXM.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EXM is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, EXM is valued a bit cheaper than the industry average as 74.32% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.47
EV/EBITDA 8.38
EXM.BR Per share dataEXM.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The decent profitability rating of EXM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

More info and screens

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

0

5. Dividend

5.1 Amount

  • EXM does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

EXMAR NV

EBR:EXM (2/11/2026, 7:00:00 PM)

9.89

+0.05 (+0.51%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-07
Earnings (Next)03-26
Inst Owners0.53%
Inst Owner ChangeN/A
Ins Owners66.54%
Ins Owner ChangeN/A
Market Cap805.74M
Revenue(TTM)277.17M
Net Income(TTM)155.87M
Analysts45.71
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0.71
Dividend Growth(5Y)13.32%
DP0%
Div Incr Years0
Div Non Decr Years0
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%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 4.34
Fwd PE 36.4
P/S 3.46
P/FCF 11.47
P/OCF 10.39
P/B 1.45
P/tB 1.45
EV/EBITDA 8.38
EPS(TTM)2.28
EY23.05%
EPS(NY)0.27
Fwd EY2.75%
FCF(TTM)0.86
FCFY8.72%
OCF(TTM)0.95
OCFY9.63%
SpS2.86
BVpS6.81
TBVpS6.81
PEG (NY)N/A
PEG (5Y)N/A
Graham Number18.69
Profitability
Industry RankSector Rank
ROA 15.18%
ROE 23.63%
ROCE 8.94%
ROIC 6.7%
ROICexc 10.3%
ROICexgc 10.31%
OM 29.88%
PM (TTM) 56.24%
GM 51.41%
FCFM 30.15%
ROA(3y)17.56%
ROA(5y)12.74%
ROE(3y)28.24%
ROE(5y)20.75%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y101.88%
ROICexc growth 3YN/A
ROICexc growth 5Y101.88%
OM growth 3YN/A
OM growth 5Y71.38%
PM growth 3Y59.59%
PM growth 5YN/A
GM growth 3Y-0.13%
GM growth 5Y-5.23%
F-Score5
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 3.59
Debt/EBITDA 2.35
Cap/Depr 30.98%
Cap/Sales 3.14%
Interest Coverage 4.43
Cash Conversion 83.19%
Profit Quality 53.61%
Current Ratio 4.36
Quick Ratio 4.36
Altman-Z 3.15
F-Score5
WACC6.95%
ROIC/WACC0.96
Cap/Depr(3y)43.44%
Cap/Depr(5y)123.17%
Cap/Sales(3y)6.94%
Cap/Sales(5y)37.22%
Profit Quality(3y)28.62%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)29.29%
EPS 3Y149.41%
EPS 5YN/A
EPS Q2Q%-36.15%
EPS Next Y-71.68%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-42.41%
Revenue growth 3Y56.58%
Revenue growth 5Y20.61%
Sales Q2Q%-36.95%
Revenue Next Year-31.36%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y31.25%
EBIT growth 3YN/A
EBIT growth 5Y106.7%
EBIT Next Year91.67%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y310.08%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y113%
OCF growth 3Y-22.37%
OCF growth 5YN/A

EXMAR NV / EXM.BR FAQ

Can you provide the ChartMill fundamental rating for EXMAR NV?

ChartMill assigns a fundamental rating of 5 / 10 to EXM.BR.


Can you provide the valuation status for EXMAR NV?

ChartMill assigns a valuation rating of 4 / 10 to EXMAR NV (EXM.BR). This can be considered as Fairly Valued.


What is the profitability of EXM stock?

EXMAR NV (EXM.BR) has a profitability rating of 7 / 10.


How financially healthy is EXMAR NV?

The financial health rating of EXMAR NV (EXM.BR) is 7 / 10.


Can you provide the dividend sustainability for EXM stock?

The dividend rating of EXMAR NV (EXM.BR) is 0 / 10 and the dividend payout ratio is 0%.