EXMAR NV (EXM.BR) Stock Fundamental Analysis

EBR:EXM • BE0003808251

10.66 EUR
+0.58 (+5.75%)
Last: Mar 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Overall EXM gets a fundamental rating of 5 out of 10. We evaluated EXM against 71 industry peers in the Oil, Gas & Consumable Fuels industry. EXM gets an excellent profitability rating and is at the same time showing great financial health properties. EXM has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • EXM had positive earnings in the past year.
  • In the past year EXM had a positive cash flow from operations.
  • EXM had positive earnings in each of the past 5 years.
  • Each year in the past 5 years EXM had a positive operating cash flow.
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

  • With an excellent Return On Assets value of 15.18%, EXM belongs to the best of the industry, outperforming 97.18% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 23.63%, EXM belongs to the top of the industry, outperforming 94.37% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 6.70%, EXM is in line with its industry, outperforming 56.34% of the companies in the same industry.
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.
  • EXM's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 29.88%, EXM is doing good in the industry, outperforming 74.65% of the companies in the same industry.
  • In the last couple of years the Operating Margin of EXM has grown nicely.
  • EXM has a Gross Margin (51.41%) which 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EXM is destroying value.
  • Compared to 1 year ago, EXM has about the same amount of shares outstanding.
  • Compared to 5 years ago, EXM has more shares outstanding
  • Compared to 1 year ago, EXM has a worse debt to assets ratio.
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

  • EXM has an Altman-Z score of 3.16. This indicates that EXM is financially healthy and has little risk of bankruptcy at the moment.
  • EXM's Altman-Z score of 3.16 is fine compared to the rest of the industry. EXM outperforms 69.01% 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.
  • EXM has a Debt to FCF ratio of 3.59. This is in the better half of the industry: EXM outperforms 66.20% of its industry peers.
  • A Debt/Equity ratio of 0.40 indicates that EXM is not too dependend on debt financing.
  • EXM has a Debt to Equity ratio (0.40) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 3.59
Altman-Z 3.16
ROIC/WACC0.96
WACC7.02%
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

  • EXM has a Current Ratio of 4.36. This indicates that EXM is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of EXM (4.36) is better than 90.14% of its industry peers.
  • A Quick Ratio of 4.36 indicates that EXM has no problem at all paying its short term obligations.
  • The Quick ratio of EXM (4.36) is better than 91.55% 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.
  • EXM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 149.41% yearly.
  • 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

More info and screens

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 4.59, 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 97.18% of the companies in the same industry.
  • EXM is valuated cheaply when we compare the Price/Earnings ratio to 26.83, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 38.58, EXM can be considered very expensive at the moment.
  • Based on the Price/Forward Earnings ratio, EXM is valued a bit more expensive than the industry average as 76.06% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.95, EXM is valued quite expensively.
Industry RankSector Rank
PE 4.59
Fwd PE 38.58
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as EXM.
  • Based on the Price/Free Cash Flow ratio, EXM is valued a bit cheaper than 77.46% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.16
EV/EBITDA 8.44
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

  • EXM has a very decent profitability rating, which 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

  • No dividends for EXM!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

EXMAR NV

EBR:EXM (3/3/2026, 7:00:00 PM)

10.66

+0.58 (+5.75%)

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 Cap868.47M
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 4.59
Fwd PE 38.58
P/S 3.67
P/FCF 12.16
P/OCF 11.01
P/B 1.54
P/tB 1.54
EV/EBITDA 8.44
EPS(TTM)2.32
EY21.76%
EPS(NY)0.28
Fwd EY2.59%
FCF(TTM)0.88
FCFY8.23%
OCF(TTM)0.97
OCFY9.08%
SpS2.91
BVpS6.92
TBVpS6.92
PEG (NY)N/A
PEG (5Y)N/A
Graham Number19.01
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 3.16
F-Score5
WACC7.02%
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%.