SBM OFFSHORE NV (SBMO.AS)
NL0000360618 - Common Stock
SBMO gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 36 industry peers in the Energy Equipment & Services industry. SBMO has only an average score on both its financial health and profitability. SBMO has a correct valuation and a medium growth rate.
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 always reported negative operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.35%, SBMO is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
SBMO's Return On Equity of 11.49% is fine compared to the rest of the industry. SBMO outperforms 62.86% of its industry peers.
With a Return On Invested Capital value of 6.36%, SBMO perfoms like the industry average, outperforming 42.86% 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 12.48%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.35% | ||
| ROE | 11.49% | ||
| ROIC | 6.36% |
ROA(3y)2.91%
ROA(5y)2.8%
ROE(3y)13.97%
ROE(5y)12.54%
ROIC(3y)6.38%
ROIC(5y)6.64%
1.3 Margins
Looking at the Profit Margin, with a value of 9.04%, SBMO is in the better half of the industry, outperforming 68.57% of the companies in the same industry.
SBMO's Profit Margin has been stable in the last couple of years.
With an excellent Operating Margin value of 23.41%, SBMO belongs to the best of the industry, outperforming 91.43% of the companies in the same industry.
In the last couple of years the Operating Margin of SBMO has declined.
SBMO has a better Gross Margin (28.06%) than 62.86% of its industry peers.
In the last couple of years the Gross Margin of SBMO has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.41% | ||
| PM (TTM) | 9.04% | ||
| GM | 28.06% |
OM growth 3Y6.49%
OM growth 5Y-3.18%
PM growth 3Y21.89%
PM growth 5Y0.89%
GM growth 3Y4.01%
GM growth 5Y-4.41%
2. Health
2.1 Basic Checks
SBMO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, SBMO has more shares outstanding
The number of shares outstanding for SBMO has been reduced compared to 5 years ago.
The debt/assets ratio for SBMO is higher compared to a year ago.
2.2 Solvency
SBMO has an Altman-Z score of 1.15. This is a bad value and indicates that SBMO is not financially healthy and even has some risk of bankruptcy.
SBMO has a Altman-Z score (1.15) which is comparable to the rest of the industry.
The Debt to FCF ratio of SBMO is 15.61, which is on the high side as it means it would take SBMO, 15.61 years of fcf income to pay off all of its debts.
SBMO has a Debt to FCF ratio of 15.61. This is in the lower half of the industry: SBMO underperforms 65.71% of its industry peers.
A Debt/Equity ratio of 2.21 is on the high side and indicates that SBMO has dependencies on debt financing.
With a Debt to Equity ratio value of 2.21, SBMO is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.21 | ||
| Debt/FCF | 15.61 | ||
| Altman-Z | 1.15 |
ROIC/WACC1.03
WACC6.19%
2.3 Liquidity
SBMO has a Current Ratio of 2.51. This indicates that SBMO is financially healthy and has no problem in meeting its short term obligations.
SBMO has a better Current ratio (2.51) than 85.71% of its industry peers.
SBMO has a Quick Ratio of 2.44. This indicates that SBMO is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 2.44, SBMO belongs to the best of the industry, outperforming 91.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.51 | ||
| Quick Ratio | 2.44 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 26.37% over the past year.
Measured over the past years, SBMO shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.12% on average per year.
SBMO shows a decrease in Revenue. In the last year, the revenue decreased by -4.52%.
The Revenue has been growing by 17.25% on average over the past years. This is quite good.
EPS 1Y (TTM)26.37%
EPS 3Y39.05%
EPS 5Y21.12%
EPS Q2Q%-35.37%
Revenue 1Y (TTM)-4.52%
Revenue growth 3Y12.39%
Revenue growth 5Y17.25%
Sales Q2Q%1.19%
3.2 Future
SBMO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.37% yearly.
SBMO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.53% yearly.
EPS Next Y-23.84%
EPS Next 2Y7.14%
EPS Next 3Y-4.02%
EPS Next 5Y12.37%
Revenue Next Year6.62%
Revenue Next 2Y11.09%
Revenue Next 3Y2.71%
Revenue Next 5Y9.53%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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
With a Price/Earnings ratio of 7.47, the valuation of SBMO can be described as very cheap.
Based on the Price/Earnings ratio, SBMO is valued cheaper than 82.86% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.73. SBMO is valued rather cheaply when compared to this.
SBMO is valuated cheaply with a Price/Forward Earnings ratio of 7.37.
SBMO's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of SBMO to the average of the S&P500 Index (22.83), we can say SBMO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.47 | ||
| Fwd PE | 7.37 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SBMO is valued a bit more expensive than 74.29% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SBMO is valued a bit cheaper than 65.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.85 | ||
| EV/EBITDA | 10.52 |
4.3 Compensation for Growth
SBMO's earnings are expected to decrease with -4.02% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.35
EPS Next 2Y7.14%
EPS Next 3Y-4.02%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.55%, SBMO is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.82, SBMO pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.24, SBMO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.55% |
5.2 History
On average, the dividend of SBMO grows each year by 25.56%, which is quite nice.
Dividend Growth(5Y)25.56%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
60.75% of the earnings are spent on dividend by SBMO. This is not a sustainable payout ratio.
The dividend of SBMO is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP60.75%
EPS Next 2Y7.14%
EPS Next 3Y-4.02%
SBM OFFSHORE NV
AMS:SBMO (12/20/2024, 7:00:00 PM)
16.8
-0.02 (-0.12%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners38.68%
Inst Owner ChangeN/A
Ins Owners1.12%
Ins Owner ChangeN/A
Market Cap2.96B
Analysts85.71
Price Target24.03 (43.04%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.55% |
Dividend Growth(5Y)25.56%
DP60.75%
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)1.95%
PT rev (3m)9.02%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)28.87%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)13.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.47 | ||
| Fwd PE | 7.37 | ||
| P/S | 0.65 | ||
| P/FCF | 4.85 | ||
| P/OCF | 4.02 | ||
| P/B | 0.83 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | 10.52 |
EPS(TTM)2.25
EY13.39%
EPS(NY)2.28
Fwd EY13.56%
FCF(TTM)3.46
FCFY20.62%
OCF(TTM)4.18
OCFY24.9%
SpS25.82
BVpS20.32
TBVpS19.4
PEG (NY)N/A
PEG (5Y)0.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.35% | ||
| ROE | 11.49% | ||
| ROCE | 7.55% | ||
| ROIC | 6.36% | ||
| ROICexc | 6.65% | ||
| ROICexgc | 6.73% | ||
| OM | 23.41% | ||
| PM (TTM) | 9.04% | ||
| GM | 28.06% | ||
| FCFM | 13.42% |
ROA(3y)2.91%
ROA(5y)2.8%
ROE(3y)13.97%
ROE(5y)12.54%
ROIC(3y)6.38%
ROIC(5y)6.64%
ROICexc(3y)6.81%
ROICexc(5y)7.14%
ROICexgc(3y)6.88%
ROICexgc(5y)7.19%
ROCE(3y)7.58%
ROCE(5y)7.88%
ROICexcg growth 3Y-1.47%
ROICexcg growth 5Y-1.58%
ROICexc growth 3Y-1.62%
ROICexc growth 5Y-1.75%
OM growth 3Y6.49%
OM growth 5Y-3.18%
PM growth 3Y21.89%
PM growth 5Y0.89%
GM growth 3Y4.01%
GM growth 5Y-4.41%
F-Score5
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.21 | ||
| Debt/FCF | 15.61 | ||
| Debt/EBITDA | 7.02 | ||
| Cap/Depr | 200% | ||
| Cap/Sales | 2.79% | ||
| Interest Coverage | 3.03 | ||
| Cash Conversion | 65.33% | ||
| Profit Quality | 148.36% | ||
| Current Ratio | 2.51 | ||
| Quick Ratio | 2.44 | ||
| Altman-Z | 1.15 |
F-Score5
WACC6.19%
ROIC/WACC1.03
Cap/Depr(3y)139.03%
Cap/Depr(5y)91%
Cap/Sales(3y)2.27%
Cap/Sales(5y)1.99%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.37%
EPS 3Y39.05%
EPS 5Y21.12%
EPS Q2Q%-35.37%
EPS Next Y-23.84%
EPS Next 2Y7.14%
EPS Next 3Y-4.02%
EPS Next 5Y12.37%
Revenue 1Y (TTM)-4.52%
Revenue growth 3Y12.39%
Revenue growth 5Y17.25%
Sales Q2Q%1.19%
Revenue Next Year6.62%
Revenue Next 2Y11.09%
Revenue Next 3Y2.71%
Revenue Next 5Y9.53%
EBIT growth 1Y7.05%
EBIT growth 3Y19.68%
EBIT growth 5Y13.51%
EBIT Next Year94.25%
EBIT Next 3Y25.7%
EBIT Next 5Y22.55%
FCF growth 1Y178.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y204.64%
OCF growth 3YN/A
OCF growth 5YN/A