EXMAR NV (EXM.BR) Stock Fundamental Analysis
EBR:EXM - Euronext Brussels - BE0003808251 - Common Stock - Currency: EUR
We assign a fundamental rating of 4 out of 10 to EXM. EXM was compared to 62 industry peers in the Oil, Gas & Consumable Fuels industry. EXM has only an average score on both its financial health and profitability. EXM has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year EXM was profitable.
EXM had a positive operating cash flow in the past year.
EXM had positive earnings in 4 of the past 5 years.
Of the past 5 years EXM 4 years had a positive operating cash flow.
1.2 Ratios
EXM has a better Return On Assets (13.01%) than 85.71% of its industry peers.
With a decent Return On Equity value of 24.00%, EXM is doing good in the industry, outperforming 77.78% of the companies in the same industry.
EXM has a Return On Invested Capital of 6.42%. This is comparable to the rest of the industry: EXM outperforms 44.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.01% | ||
| ROE | 24% | ||
| ROIC | 6.42% |
ROA(3y)12.04%
ROA(5y)8.9%
ROE(3y)19.07%
ROE(5y)14.22%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 25.04%, EXM is in the better half of the industry, outperforming 74.60% of the companies in the same industry.
In the last couple of years the Profit Margin of EXM has declined.
EXM's Operating Margin of 13.11% is in line compared to the rest of the industry. EXM outperforms 41.27% of its industry peers.
EXM has a Gross Margin (44.25%) which is in line with its industry peers.
In the last couple of years the Gross Margin of EXM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.11% | ||
| PM (TTM) | 25.04% | ||
| GM | 44.25% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-41.75%
PM growth 5YN/A
GM growth 3Y-12.52%
GM growth 5Y10.73%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EXM is destroying value.
The number of shares outstanding for EXM has been increased compared to 1 year ago.
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.
2.2 Solvency
EXM has an Altman-Z score of 2.43. This is not the best score and indicates that EXM is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of EXM (2.43) is better than 73.02% of its industry peers.
The Debt to FCF ratio of EXM is 6.26, which is on the high side as it means it would take EXM, 6.26 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 6.26, EXM perfoms like the industry average, outperforming 50.79% of the companies in the same industry.
A Debt/Equity ratio of 0.41 indicates that EXM is not too dependend on debt financing.
The Debt to Equity ratio of EXM (0.41) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 6.26 | ||
| Altman-Z | 2.43 |
ROIC/WACC0.97
WACC6.59%
2.3 Liquidity
A Current Ratio of 1.61 indicates that EXM should not have too much problems paying its short term obligations.
The Current ratio of EXM (1.61) is better than 60.32% of its industry peers.
A Quick Ratio of 1.61 indicates that EXM should not have too much problems paying its short term obligations.
EXM's Quick ratio of 1.61 is fine compared to the rest of the industry. EXM outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.61 |
3. Growth
3.1 Past
The earnings per share for EXM have decreased strongly by -63.85% in the last year.
EXM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.94% yearly.
Looking at the last year, EXM shows a very strong growth in Revenue. The Revenue has grown by 61.10%.
The Revenue has been growing by 40.92% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-63.85%
EPS 3Y-7.94%
EPS 5YN/A
EPS Q2Q%229.94%
Revenue 1Y (TTM)61.1%
Revenue growth 3Y58.21%
Revenue growth 5Y40.92%
Sales Q2Q%-3.03%
3.2 Future
EXM is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -62.62% yearly.
EXM is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -16.77% yearly.
EPS Next Y-50.66%
EPS Next 2Y-62.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.92%
Revenue Next 2Y-16.77%
Revenue Next 3YN/A
Revenue Next 5YN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
EXM is valuated cheaply with a Price/Earnings ratio of 5.92.
Based on the Price/Earnings ratio, EXM is valued a bit cheaper than 74.60% of the companies in the same industry.
When comparing the Price/Earnings ratio of EXM to the average of the S&P500 Index (29.35), we can say EXM is valued rather cheaply.
With a Price/Forward Earnings ratio of 38.36, EXM can be considered very expensive at the moment.
EXM's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. EXM is more expensive than 76.19% of the companies in the same industry.
EXM is valuated expensively when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.92 | ||
| Fwd PE | 38.36 |
4.2 Price Multiples
EXM's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. EXM is more expensive than 69.84% of the companies in the same industry.
EXM's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.72 | ||
| EV/EBITDA | 8.22 |
4.3 Compensation for Growth
EXM's earnings are expected to decrease with -62.62% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-62.62%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.45%, EXM has a reasonable but not impressive dividend return.
EXM's Dividend Yield is slightly below the industry average, which is at 60.92.
EXM's Dividend Yield is comparable with the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.45% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
EXM pays out 313.18% of its income as dividend. This is not a sustainable payout ratio.
DP313.18%
EPS Next 2Y-62.62%
EPS Next 3YN/A
EBR:EXM (3/7/2025, 7:00:00 PM)
11.42
-0.02 (-0.17%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners1.49%
Inst Owner ChangeN/A
Ins Owners85.02%
Ins Owner ChangeN/A
Market Cap679.49M
Analysts45.71
Price Target7.55 (-33.89%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.45% |
Yearly Dividend6.28
Dividend Growth(5Y)N/A
DP313.18%
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%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.92 | ||
| Fwd PE | 38.36 | ||
| P/S | 1.53 | ||
| P/FCF | 19.72 | ||
| P/OCF | 16.65 | ||
| P/B | 1.47 | ||
| P/tB | 1.47 | ||
| EV/EBITDA | 8.22 |
EPS(TTM)1.93
EY16.9%
EPS(NY)0.3
Fwd EY2.61%
FCF(TTM)0.58
FCFY5.07%
OCF(TTM)0.69
OCFY6%
SpS7.45
BVpS7.77
TBVpS7.77
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.01% | ||
| ROE | 24% | ||
| ROCE | 8.56% | ||
| ROIC | 6.42% | ||
| ROICexc | 8.2% | ||
| ROICexgc | 8.2% | ||
| OM | 13.11% | ||
| PM (TTM) | 25.04% | ||
| GM | 44.25% | ||
| FCFM | 7.77% |
ROA(3y)12.04%
ROA(5y)8.9%
ROE(3y)19.07%
ROE(5y)14.22%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-41.75%
PM growth 5YN/A
GM growth 3Y-12.52%
GM growth 5Y10.73%
F-Score3
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 6.26 | ||
| Debt/EBITDA | 2.09 | ||
| Cap/Depr | 20.1% | ||
| Cap/Sales | 1.43% | ||
| Interest Coverage | 5.83 | ||
| Cash Conversion | 45.48% | ||
| Profit Quality | 31.05% | ||
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.61 | ||
| Altman-Z | 2.43 |
F-Score3
WACC6.59%
ROIC/WACC0.97
Cap/Depr(3y)175.46%
Cap/Depr(5y)120.48%
Cap/Sales(3y)55.58%
Cap/Sales(5y)37.46%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-63.85%
EPS 3Y-7.94%
EPS 5YN/A
EPS Q2Q%229.94%
EPS Next Y-50.66%
EPS Next 2Y-62.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)61.1%
Revenue growth 3Y58.21%
Revenue growth 5Y40.92%
Sales Q2Q%-3.03%
Revenue Next Year0.92%
Revenue Next 2Y-16.77%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y225.81%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year69.57%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y183.9%
FCF growth 3Y10.48%
FCF growth 5YN/A
OCF growth 1Y44.87%
OCF growth 3Y-0.99%
OCF growth 5YN/A