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. While SBMO seems to be doing ok healthwise, there are quite some concerns on its profitability. SBMO has a expensive valuation and it also 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.
Each year in the past 5 years SBMO has been profitable.
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 82.86% of its industry peers.
The Return On Equity of SBMO (4.14%) is worse than 77.14% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.86%, SBMO is doing worse than 71.43% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SBMO is significantly below the industry average of 10.77%.
| 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
The Profit Margin of SBMO (3.14%) is worse than 71.43% of its industry peers.
SBMO's Profit Margin has declined in the last couple of years.
The Operating Margin of SBMO (19.52%) is better than 77.14% of its industry peers.
In the last couple of years the Operating Margin of SBMO has declined.
SBMO has a Gross Margin (23.66%) which is comparable to the rest of the industry.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SBMO is destroying value.
SBMO has less shares outstanding than it did 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.
2.2 Solvency
Based on the Altman-Z score of 1.36, we must say that SBMO is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SBMO (1.36) is comparable to the rest of the industry.
SBMO has a debt to FCF ratio of 6.55. This is a slightly negative value and a sign of low solvency as SBMO would need 6.55 years to pay back of all of its debts.
SBMO's Debt to FCF ratio of 6.55 is on the low side compared to the rest of the industry. SBMO is outperformed by 62.86% 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 worse Debt to Equity ratio (2.13) than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.13 | ||
| Debt/FCF | 6.55 | ||
| Altman-Z | 1.36 |
ROIC/WACC0.77
WACC6.34%
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.
The Current ratio of SBMO (3.39) is better than 82.86% of its industry peers.
A Quick Ratio of 3.38 indicates that SBMO has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 3.38, SBMO belongs to the best of the industry, outperforming 91.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.39 | ||
| Quick Ratio | 3.38 |
3. Growth
3.1 Past
SBMO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -69.14%.
The earnings per share for SBMO have been decreasing by -14.78% on average. This is quite bad
SBMO shows a decrease in Revenue. In the last year, the revenue decreased by -3.61%.
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
Based on estimates for the next years, SBMO will show a very negative growth in Earnings Per Share. The EPS will decrease by -12.72% on average per year.
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
SBMO is valuated quite expensively with a Price/Earnings ratio of 32.34.
Based on the Price/Earnings ratio, SBMO is valued expensively inside the industry as 80.00% of the companies are valued cheaper.
Compared to an average S&P500 Price/Earnings ratio of 27.28, SBMO is valued at the same level.
With a Price/Forward Earnings ratio of 10.36, the valuation of SBMO can be described as very reasonable.
Based on the Price/Forward Earnings ratio, SBMO is valued a bit more expensive than the industry average as 65.71% of the companies are valued more cheaply.
SBMO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.34 | ||
| Fwd PE | 10.36 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SBMO indicates a slightly more expensive valuation: SBMO is more expensive than 77.14% of the companies listed in the same industry.
82.86% of the companies in the same industry are more expensive than SBMO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.45 | ||
| EV/EBITDA | 12.75 |
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 3.85%.
Compared to an average industry Dividend Yield of 6.33, 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 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
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 Years1
Div Non Decr Years1
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 (7/2/2025, 7:00:00 PM)
22.64
+0.26 (+1.16%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners43.25%
Inst Owner ChangeN/A
Ins Owners1.2%
Ins Owner ChangeN/A
Market Cap3.99B
Analysts84.62
Price Target27.53 (21.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.85% |
Yearly Dividend1.2
Dividend Growth(5Y)21.4%
DP166%
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)4.3%
PT rev (3m)5.32%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)28.02%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.34 | ||
| Fwd PE | 10.36 | ||
| P/S | 0.99 | ||
| P/FCF | 3.45 | ||
| P/OCF | 3.18 | ||
| P/B | 1.3 | ||
| P/tB | 1.37 | ||
| EV/EBITDA | 12.75 |
EPS(TTM)0.7
EY3.09%
EPS(NY)2.18
Fwd EY9.65%
FCF(TTM)6.56
FCFY28.97%
OCF(TTM)7.12
OCFY31.43%
SpS22.97
BVpS17.38
TBVpS16.53
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 | 1.36 |
F-Score6
WACC6.34%
ROIC/WACC0.77
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