SUBSEA 7 SA (SUBC.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:SUBC • LU0075646355

243.6 NOK
+1.8 (+0.74%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to SUBC. SUBC was compared to 37 industry peers in the Energy Equipment & Services industry. SUBC has an average financial health and profitability rating. SUBC has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year SUBC was profitable.
  • In the past year SUBC had a positive cash flow from operations.
  • Of the past 5 years SUBC 4 years were profitable.
  • SUBC had a positive operating cash flow in each of the past 5 years.
SUBC.OL Yearly Net Income VS EBIT VS OCF VS FCFSUBC.OL 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 500M -500M 1B -1B

1.2 Ratios

  • The Return On Assets of SUBC (3.46%) is comparable to the rest of the industry.
  • SUBC has a Return On Equity of 6.77%. This is in the lower half of the industry: SUBC underperforms 61.11% of its industry peers.
  • SUBC has a better Return On Invested Capital (8.72%) than 61.11% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for SUBC is significantly below the industry average of 10.27%.
  • The last Return On Invested Capital (8.72%) for SUBC is above the 3 year average (3.46%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.46%
ROE 6.77%
ROIC 8.72%
ROA(3y)1.21%
ROA(5y)-2.65%
ROE(3y)2.16%
ROE(5y)-3.72%
ROIC(3y)3.46%
ROIC(5y)N/A
SUBC.OL Yearly ROA, ROE, ROICSUBC.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

  • Looking at the Profit Margin, with a value of 4.12%, SUBC is doing worse than 63.89% of the companies in the same industry.
  • SUBC's Profit Margin has improved in the last couple of years.
  • SUBC's Operating Margin of 8.25% is on the low side compared to the rest of the industry. SUBC is outperformed by 61.11% of its industry peers.
  • In the last couple of years the Operating Margin of SUBC has grown nicely.
  • SUBC has a Gross Margin (13.02%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of SUBC has remained more or less at the same level.
Industry RankSector Rank
OM 8.25%
PM (TTM) 4.12%
GM 13.02%
OM growth 3Y41.82%
OM growth 5Y9.29%
PM growth 3Y66.8%
PM growth 5YN/A
GM growth 3Y15.93%
GM growth 5Y-1.33%
SUBC.OL Yearly Profit, Operating, Gross MarginsSUBC.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SUBC is destroying value.
  • SUBC has less shares outstanding than it did 1 year ago.
  • SUBC has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, SUBC has an improved debt to assets ratio.
SUBC.OL Yearly Shares OutstandingSUBC.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
SUBC.OL Yearly Total Debt VS Total AssetsSUBC.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • SUBC has an Altman-Z score of 2.48. This is not the best score and indicates that SUBC is in the grey zone with still only limited risk for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 2.48, SUBC belongs to the best of the industry, outperforming 86.11% of the companies in the same industry.
  • The Debt to FCF ratio of SUBC is 1.20, which is an excellent value as it means it would take SUBC, only 1.20 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 1.20, SUBC belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • A Debt/Equity ratio of 0.15 indicates that SUBC is not too dependend on debt financing.
  • SUBC's Debt to Equity ratio of 0.15 is fine compared to the rest of the industry. SUBC outperforms 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 1.2
Altman-Z 2.48
ROIC/WACC0.94
WACC9.29%
SUBC.OL Yearly LT Debt VS Equity VS FCFSUBC.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.3 Liquidity

  • A Current Ratio of 1.02 indicates that SUBC should not have too much problems paying its short term obligations.
  • SUBC has a Current ratio of 1.02. This is amonst the worse of the industry: SUBC underperforms 80.56% of its industry peers.
  • A Quick Ratio of 1.00 indicates that SUBC should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.00, SUBC is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.02
Quick Ratio 1
SUBC.OL Yearly Current Assets VS Current LiabilitesSUBC.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 77.78% over the past year.
  • SUBC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 82.63% yearly.
  • Looking at the last year, SUBC shows a small growth in Revenue. The Revenue has grown by 5.97% in the last year.
  • The Revenue has been growing by 13.33% on average over the past years. This is quite good.
EPS 1Y (TTM)77.78%
EPS 3Y82.63%
EPS 5YN/A
EPS Q2Q%22.58%
Revenue 1Y (TTM)5.97%
Revenue growth 3Y10.92%
Revenue growth 5Y13.33%
Sales Q2Q%0.31%

3.2 Future

  • SUBC is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.76% yearly.
  • SUBC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.85% yearly.
EPS Next Y129.13%
EPS Next 2Y73.93%
EPS Next 3Y47.2%
EPS Next 5Y26.76%
Revenue Next Year4.83%
Revenue Next 2Y4.05%
Revenue Next 3Y3.36%
Revenue Next 5Y1.85%

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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SUBC.OL Yearly Revenue VS EstimatesSUBC.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B 8B
SUBC.OL Yearly EPS VS EstimatesSUBC.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 2

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 26.08, the valuation of SUBC can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of SUBC indicates a slightly more expensive valuation: SUBC is more expensive than 69.44% of the companies listed in the same industry.
  • SUBC is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.93, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 12.36, the valuation of SUBC can be described as correct.
  • SUBC's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 27.77. SUBC is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 26.08
Fwd PE 12.36
SUBC.OL Price Earnings VS Forward Price EarningsSUBC.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • SUBC's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, SUBC is valued a bit cheaper than 63.89% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.69
EV/EBITDA 6.81
SUBC.OL Per share dataSUBC.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150 200

4.3 Compensation for Growth

  • SUBC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • SUBC's earnings are expected to grow with 47.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.2
PEG (5Y)N/A
EPS Next 2Y73.93%
EPS Next 3Y47.2%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.38%, SUBC is a good candidate for dividend investing.
  • SUBC's Dividend Yield is a higher than the industry average which is at 3.45.
  • SUBC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 5.38%

5.2 History

  • The dividend of SUBC decreases each year by -2.89%.
Dividend Growth(5Y)-2.89%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • SUBC pays out 92.01% of its income as dividend. This is not a sustainable payout ratio.
DP92.01%
EPS Next 2Y73.93%
EPS Next 3Y47.2%
SUBC.OL Yearly Income VS Free CF VS DividendSUBC.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M -1B
SUBC.OL Dividend Payout.SUBC.OL Dividend Payout, showing the Payout Ratio.SUBC.OL Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

SUBSEA 7 SA

OSL:SUBC (2/6/2026, 7:00:00 PM)

243.6

+1.8 (+0.74%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-20
Earnings (Next)02-26
Inst Owners55.24%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap72.98B
Revenue(TTM)6.99B
Net Income(TTM)287.90M
Analysts80
Price Target250.1 (2.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.38%
Yearly Dividend5.32
Dividend Growth(5Y)-2.89%
DP92.01%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.06%
Min EPS beat(2)-15.06%
Max EPS beat(2)17.18%
EPS beat(4)1
Avg EPS beat(4)-27.91%
Min EPS beat(4)-71.13%
Max EPS beat(4)17.18%
EPS beat(8)3
Avg EPS beat(8)20.24%
EPS beat(12)6
Avg EPS beat(12)20.85%
EPS beat(16)8
Avg EPS beat(16)29.54%
Revenue beat(2)0
Avg Revenue beat(2)-5.96%
Min Revenue beat(2)-6.26%
Max Revenue beat(2)-5.67%
Revenue beat(4)2
Avg Revenue beat(4)-1.54%
Min Revenue beat(4)-6.26%
Max Revenue beat(4)4.4%
Revenue beat(8)6
Avg Revenue beat(8)-0.06%
Revenue beat(12)10
Avg Revenue beat(12)2.43%
Revenue beat(16)12
Avg Revenue beat(16)1.81%
PT rev (1m)3.31%
PT rev (3m)4.2%
EPS NQ rev (1m)9.76%
EPS NQ rev (3m)38.7%
EPS NY rev (1m)1.93%
EPS NY rev (3m)8.37%
Revenue NQ rev (1m)2.05%
Revenue NQ rev (3m)2.9%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.51%
Valuation
Industry RankSector Rank
PE 26.08
Fwd PE 12.36
P/S 1.07
P/FCF 8.69
P/OCF 6.48
P/B 1.77
P/tB 1.88
EV/EBITDA 6.81
EPS(TTM)9.34
EY3.83%
EPS(NY)19.71
Fwd EY8.09%
FCF(TTM)28.05
FCFY11.51%
OCF(TTM)37.62
OCFY15.44%
SpS227.01
BVpS137.95
TBVpS129.27
PEG (NY)0.2
PEG (5Y)N/A
Graham Number170.27
Profitability
Industry RankSector Rank
ROA 3.46%
ROE 6.77%
ROCE 11.33%
ROIC 8.72%
ROICexc 8.72%
ROICexgc 9.21%
OM 8.25%
PM (TTM) 4.12%
GM 13.02%
FCFM 12.35%
ROA(3y)1.21%
ROA(5y)-2.65%
ROE(3y)2.16%
ROE(5y)-3.72%
ROIC(3y)3.46%
ROIC(5y)N/A
ROICexc(3y)3.93%
ROICexc(5y)N/A
ROICexgc(3y)4.16%
ROICexgc(5y)N/A
ROCE(3y)4.5%
ROCE(5y)N/A
ROICexgc growth 3Y56.37%
ROICexgc growth 5Y26.11%
ROICexc growth 3Y55.98%
ROICexc growth 5Y28.26%
OM growth 3Y41.82%
OM growth 5Y9.29%
PM growth 3Y66.8%
PM growth 5YN/A
GM growth 3Y15.93%
GM growth 5Y-1.33%
F-Score9
Asset Turnover0.84
Health
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 1.2
Debt/EBITDA 0.52
Cap/Depr 43.58%
Cap/Sales 4.22%
Interest Coverage 6.68
Cash Conversion 92.45%
Profit Quality 300.1%
Current Ratio 1.02
Quick Ratio 1
Altman-Z 2.48
F-Score9
WACC9.29%
ROIC/WACC0.94
Cap/Depr(3y)71.19%
Cap/Depr(5y)58.47%
Cap/Sales(3y)6.45%
Cap/Sales(5y)5.59%
Profit Quality(3y)408.37%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)77.78%
EPS 3Y82.63%
EPS 5YN/A
EPS Q2Q%22.58%
EPS Next Y129.13%
EPS Next 2Y73.93%
EPS Next 3Y47.2%
EPS Next 5Y26.76%
Revenue 1Y (TTM)5.97%
Revenue growth 3Y10.92%
Revenue growth 5Y13.33%
Sales Q2Q%0.31%
Revenue Next Year4.83%
Revenue Next 2Y4.05%
Revenue Next 3Y3.36%
Revenue Next 5Y1.85%
EBIT growth 1Y70.65%
EBIT growth 3Y57.3%
EBIT growth 5Y23.86%
EBIT Next Year217.51%
EBIT Next 3Y53.47%
EBIT Next 5Y29.83%
FCF growth 1Y755.04%
FCF growth 3Y65.58%
FCF growth 5Y42.68%
OCF growth 1Y327.05%
OCF growth 3Y46.69%
OCF growth 5Y21.12%

SUBSEA 7 SA / SUBC.OL FAQ

What is the ChartMill fundamental rating of SUBSEA 7 SA (SUBC.OL) stock?

ChartMill assigns a fundamental rating of 5 / 10 to SUBC.OL.


What is the valuation status of SUBSEA 7 SA (SUBC.OL) stock?

ChartMill assigns a valuation rating of 5 / 10 to SUBSEA 7 SA (SUBC.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for SUBSEA 7 SA?

SUBSEA 7 SA (SUBC.OL) has a profitability rating of 5 / 10.


What is the earnings growth outlook for SUBSEA 7 SA?

The Earnings per Share (EPS) of SUBSEA 7 SA (SUBC.OL) is expected to grow by 129.13% in the next year.


Can you provide the dividend sustainability for SUBC stock?

The dividend rating of SUBSEA 7 SA (SUBC.OL) is 4 / 10 and the dividend payout ratio is 92.01%.