SBM OFFSHORE NV (SBMO.AS)
NL0000360618 - Common Stock
Overall SBMO gets a fundamental rating of 5 out of 10. We evaluated SBMO against 37 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. SBMO also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year SBMO was profitable.
SBMO had a positive operating cash flow in the past year.
In the past 5 years SBMO has always been profitable.
In the past 5 years SBMO always reported negative operating cash flow.
1.2 Ratios
The Return On Assets of SBMO (2.35%) is comparable to the rest of the industry.
SBMO has a Return On Equity (11.49%) which is in line with its industry peers.
With a Return On Invested Capital value of 6.36%, SBMO is not doing good in the industry: 62.86% of the companies in the same industry are doing better.
SBMO had an Average Return On Invested Capital over the past 3 years of 6.38%. This is significantly below the industry average of 13.44%.
| 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
SBMO's Profit Margin of 9.04% is fine compared to the rest of the industry. SBMO outperforms 65.71% of its industry peers.
In the last couple of years the Profit Margin of SBMO has remained more or less at the same level.
The Operating Margin of SBMO (23.41%) is better than 82.86% of its industry peers.
In the last couple of years the Operating Margin of SBMO has declined.
With a Gross Margin value of 28.06%, SBMO perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SBMO is creating some value.
Compared to 1 year ago, SBMO has more shares outstanding
Compared to 5 years ago, SBMO has less shares outstanding
Compared to 1 year ago, SBMO has a worse debt to assets ratio.
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 in line with its industry peers.
SBMO has a debt to FCF ratio of 15.61. This is a negative value and a sign of low solvency as SBMO would need 15.61 years to pay back of all of its debts.
SBMO has a worse Debt to FCF ratio (15.61) than 65.71% of its industry peers.
SBMO has a Debt/Equity ratio of 2.21. This is a high value indicating a heavy dependency on external financing.
SBMO has a Debt to Equity ratio of 2.21. This is amonst the worse of the industry: SBMO underperforms 82.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.21 | ||
| Debt/FCF | 15.61 | ||
| Altman-Z | 1.15 |
ROIC/WACC1.02
WACC6.22%
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.
The Current ratio of SBMO (2.51) is better than 85.71% of its industry peers.
A Quick Ratio of 2.44 indicates that SBMO has no problem at all paying its short term obligations.
The Quick ratio of SBMO (2.44) is better than 91.43% of its industry peers.
| 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.
The Earnings Per Share has been growing by 21.12% on average over the past years. This is a very strong growth
Looking at the last year, SBMO shows a decrease in Revenue. The Revenue has decreased by -4.52% in the last year.
Measured over the past years, SBMO shows a quite strong growth in Revenue. The Revenue has been growing by 17.25% on average per year.
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
Based on estimates for the next years, SBMO will show a small growth in Earnings Per Share. The EPS will grow by 0.34% on average per year.
SBMO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.50% yearly.
EPS Next Y-40.9%
EPS Next 2Y-0.18%
EPS Next 3Y-5.29%
EPS Next 5Y0.34%
Revenue Next Year-6.15%
Revenue Next 2Y5.73%
Revenue Next 3Y-3.69%
Revenue Next 5Y4.5%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
With a Price/Earnings ratio of 7.63, the valuation of SBMO can be described as very cheap.
Based on the Price/Earnings ratio, SBMO is valued a bit cheaper than 80.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.62, SBMO is valued rather cheaply.
The Price/Forward Earnings ratio is 8.69, which indicates a very decent valuation of SBMO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SBMO indicates a slightly more expensive valuation: SBMO is more expensive than 60.00% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of SBMO to the average of the S&P500 Index (21.22), we can say SBMO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.63 | ||
| Fwd PE | 8.69 |
4.2 Price Multiples
SBMO's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. SBMO is more expensive than 68.57% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SBMO is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.02 | ||
| EV/EBITDA | 10.63 |
4.3 Compensation for Growth
SBMO's earnings are expected to decrease with -5.29% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.36
EPS Next 2Y-0.18%
EPS Next 3Y-5.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.72%, SBMO is a good candidate for dividend investing.
SBMO's Dividend Yield is rather good when compared to the industry average which is at 4.15. SBMO pays more dividend than 82.86% of the companies in the same industry.
SBMO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.72% |
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
SBMO pays out 60.75% of its income as dividend. 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 2Y-0.18%
EPS Next 3Y-5.29%
SBM OFFSHORE NV
AMS:SBMO (9/6/2024, 7:00:00 PM)
16.1
-0.1 (-0.62%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.87B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.72% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.63 | ||
| Fwd PE | 8.69 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.35% | ||
| ROE | 11.49% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 23.41% | ||
| PM (TTM) | 9.04% | ||
| GM | 28.06% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.21 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.51 | ||
| Quick Ratio | 2.44 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)26.37%
EPS 3Y39.05%
EPS 5Y
EPS Q2Q%
EPS Next Y-40.9%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-4.52%
Revenue growth 3Y12.39%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y