SUBSEA 7 SA (SUBC.OL) Fundamental Analysis & Valuation

OSL:SUBC • LU0075646355

249.4 NOK
-4.2 (-1.66%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This SUBC.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to SUBC. SUBC was compared to 36 industry peers in the Energy Equipment & Services industry. Both the profitability and the financial health of SUBC get a neutral evaluation. Nothing too spectacular is happening here. SUBC has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. SUBC.OL Profitability Analysis

1.1 Basic Checks

  • SUBC had positive earnings in the past year.
  • In the past year SUBC had a positive cash flow from operations.
  • Each year in the past 5 years SUBC has been profitable.
  • In the past 5 years SUBC always reported a positive cash flow from operatings.
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 2025 0 500M -500M 1B -1B

1.2 Ratios

  • With a Return On Assets value of 5.12%, SUBC perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • With a Return On Equity value of 9.33%, SUBC perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 8.73%, SUBC is in line with its industry, outperforming 55.56% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for SUBC is below the industry average of 10.29%.
  • The 3 year average ROIC (5.31%) for SUBC is below the current ROIC(8.73%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.12%
ROE 9.33%
ROIC 8.73%
ROA(3y)2.65%
ROA(5y)1.84%
ROE(3y)4.81%
ROE(5y)3.32%
ROIC(3y)5.31%
ROIC(5y)3.68%
SUBC.OL Yearly ROA, ROE, ROICSUBC.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -10 -20

1.3 Margins

  • SUBC's Profit Margin of 5.80% is in line compared to the rest of the industry. SUBC outperforms 44.44% of its industry peers.
  • In the last couple of years the Profit Margin of SUBC has grown nicely.
  • With a Operating Margin value of 10.37%, SUBC perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
  • In the last couple of years the Operating Margin of SUBC has grown nicely.
  • The Gross Margin of SUBC (15.17%) is worse than 61.11% of its industry peers.
  • SUBC's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 10.37%
PM (TTM) 5.8%
GM 15.17%
OM growth 3Y77.73%
OM growth 5YN/A
PM growth 3Y73.49%
PM growth 5YN/A
GM growth 3Y31.36%
GM growth 5Y20.8%
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 2025 0 20 -20

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6

2. SUBC.OL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SUBC is destroying value.
  • The number of shares outstanding for SUBC remains at a similar level compared to 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 2025 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 2025 2B 4B 6B 8B

2.2 Solvency

  • SUBC has an Altman-Z score of 2.85. 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 2.85, SUBC belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • SUBC has a debt to FCF ratio of 0.78. This is a very positive value and a sign of high solvency as it would only need 0.78 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 0.78, SUBC belongs to the best of the industry, outperforming 86.11% of the companies in the same industry.
  • A Debt/Equity ratio of 0.13 indicates that SUBC is not too dependend on debt financing.
  • SUBC has a better Debt to Equity ratio (0.13) than 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.78
Altman-Z 2.85
ROIC/WACC0.94
WACC9.27%
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 2025 1B 2B 3B 4B 5B

2.3 Liquidity

  • SUBC has a Current Ratio of 1.11. This is a normal value and indicates that SUBC is financially healthy and should not expect problems in meeting its short term obligations.
  • SUBC has a worse Current ratio (1.11) than 77.78% of its industry peers.
  • A Quick Ratio of 1.09 indicates that SUBC should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.09, SUBC is doing worse than 75.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 1.09
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 2025 1B 2B 3B

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

6

3. SUBC.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 105.97% over the past year.
  • The Earnings Per Share has been growing by 94.00% on average over the past years. This is a very strong growth
  • SUBC shows a small growth in Revenue. In the last year, the Revenue has grown by 3.64%.
  • SUBC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.37% yearly.
EPS 1Y (TTM)105.97%
EPS 3Y94%
EPS 5YN/A
EPS Q2Q%600%
Revenue 1Y (TTM)3.64%
Revenue growth 3Y11.33%
Revenue growth 5Y15.37%
Sales Q2Q%4.95%

3.2 Future

  • Based on estimates for the next years, SUBC will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.21% on average per year.
  • The Revenue is expected to grow by 0.90% on average over the next years.
EPS Next Y46.88%
EPS Next 2Y24.44%
EPS Next 3Y2.8%
EPS Next 5Y10.21%
Revenue Next Year3.5%
Revenue Next 2Y2.89%
Revenue Next 3Y3.94%
Revenue Next 5Y0.9%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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

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5

4. SUBC.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 18.72, the valuation of SUBC can be described as rather expensive.
  • Based on the Price/Earnings ratio, SUBC is valued a bit more expensive than the industry average as 61.11% of the companies are valued more cheaply.
  • When comparing the Price/Earnings ratio of SUBC to the average of the S&P500 Index (26.29), we can say SUBC is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 12.75, the valuation of SUBC can be described as correct.
  • SUBC's Price/Forward Earnings ratio is in line with the industry average.
  • SUBC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.72
Fwd PE 12.75
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as SUBC.
  • SUBC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SUBC is cheaper than 72.22% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.49
EV/EBITDA 5.54
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.
  • The decent profitability rating of SUBC may justify a higher PE ratio.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y24.44%
EPS Next 3Y2.8%

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

6

5. SUBC.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.91%, SUBC is a good candidate for dividend investing.
  • SUBC's Dividend Yield is a higher than the industry average which is at 3.13.
  • Compared to an average S&P500 Dividend Yield of 1.82, SUBC pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.91%

5.2 History

  • The dividend of SUBC is nicely growing with an annual growth rate of 48.86%!
Dividend Growth(5Y)48.86%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 91.47% of the earnings are spent on dividend by SUBC. This is not a sustainable payout ratio.
  • SUBC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP91.47%
EPS Next 2Y24.44%
EPS Next 3Y2.8%
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 2025 0 500M -500M 1B -1B
SUBC.OL Dividend Payout.SUBC.OL Dividend Payout, showing the Payout Ratio.SUBC.OL Dividend Payout.PayoutRetained Earnings

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SUBC.OL Fundamentals: All Metrics, Ratios and Statistics

SUBSEA 7 SA

OSL:SUBC (3/6/2026, 7:00:00 PM)

249.4

-4.2 (-1.66%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-26
Earnings (Next)04-30
Inst Owners55.24%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap74.72B
Revenue(TTM)7.09B
Net Income(TTM)411.30M
Analysts80
Price Target250.1 (0.28%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.91%
Yearly Dividend12.08
Dividend Growth(5Y)48.86%
DP91.47%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-17.5%
Min EPS beat(2)-19.93%
Max EPS beat(2)-15.06%
EPS beat(4)1
Avg EPS beat(4)-15.11%
Min EPS beat(4)-42.61%
Max EPS beat(4)17.18%
EPS beat(8)3
Avg EPS beat(8)34.95%
EPS beat(12)5
Avg EPS beat(12)-10.77%
EPS beat(16)8
Avg EPS beat(16)35.23%
Revenue beat(2)0
Avg Revenue beat(2)-3.5%
Min Revenue beat(2)-5.67%
Max Revenue beat(2)-1.33%
Revenue beat(4)1
Avg Revenue beat(4)-2.22%
Min Revenue beat(4)-6.26%
Max Revenue beat(4)4.4%
Revenue beat(8)5
Avg Revenue beat(8)-0.36%
Revenue beat(12)9
Avg Revenue beat(12)2.3%
Revenue beat(16)12
Avg Revenue beat(16)1.76%
PT rev (1m)2.09%
PT rev (3m)6.23%
EPS NQ rev (1m)2.19%
EPS NQ rev (3m)16.86%
EPS NY rev (1m)0%
EPS NY rev (3m)12.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.8%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)0.03%
Valuation
Industry RankSector Rank
PE 18.72
Fwd PE 12.75
P/S 1.09
P/FCF 6.49
P/OCF 5.25
P/B 1.76
P/tB 1.87
EV/EBITDA 5.54
EPS(TTM)13.32
EY5.34%
EPS(NY)19.56
Fwd EY7.84%
FCF(TTM)38.44
FCFY15.41%
OCF(TTM)47.49
OCFY19.04%
SpS228.3
BVpS141.96
TBVpS133.3
PEG (NY)0.4
PEG (5Y)N/A
Graham Number206.26
Profitability
Industry RankSector Rank
ROA 5.12%
ROE 9.33%
ROCE 14.09%
ROIC 8.73%
ROICexc 10.72%
ROICexgc 11.44%
OM 10.37%
PM (TTM) 5.8%
GM 15.17%
FCFM 16.84%
ROA(3y)2.65%
ROA(5y)1.84%
ROE(3y)4.81%
ROE(5y)3.32%
ROIC(3y)5.31%
ROIC(5y)3.68%
ROICexc(3y)6.29%
ROICexc(5y)4.34%
ROICexgc(3y)6.7%
ROICexgc(5y)4.61%
ROCE(3y)8.57%
ROCE(5y)5.95%
ROICexgc growth 3Y101.42%
ROICexgc growth 5YN/A
ROICexc growth 3Y100.5%
ROICexc growth 5YN/A
OM growth 3Y77.73%
OM growth 5YN/A
PM growth 3Y73.49%
PM growth 5YN/A
GM growth 3Y31.36%
GM growth 5Y20.8%
F-Score7
Asset Turnover0.88
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.78
Debt/EBITDA 0.42
Cap/Depr 41.37%
Cap/Sales 3.97%
Interest Coverage 8.04
Cash Conversion 104.28%
Profit Quality 290.11%
Current Ratio 1.11
Quick Ratio 1.09
Altman-Z 2.85
F-Score7
WACC9.27%
ROIC/WACC0.94
Cap/Depr(3y)68.51%
Cap/Depr(5y)58.49%
Cap/Sales(3y)6.27%
Cap/Sales(5y)5.33%
Profit Quality(3y)355.54%
Profit Quality(5y)383.47%
High Growth Momentum
Growth
EPS 1Y (TTM)105.97%
EPS 3Y94%
EPS 5YN/A
EPS Q2Q%600%
EPS Next Y46.88%
EPS Next 2Y24.44%
EPS Next 3Y2.8%
EPS Next 5Y10.21%
Revenue 1Y (TTM)3.64%
Revenue growth 3Y11.33%
Revenue growth 5Y15.37%
Sales Q2Q%4.95%
Revenue Next Year3.5%
Revenue Next 2Y2.89%
Revenue Next 3Y3.94%
Revenue Next 5Y0.9%
EBIT growth 1Y80.16%
EBIT growth 3Y97.87%
EBIT growth 5YN/A
EBIT Next Year113.85%
EBIT Next 3Y28.02%
EBIT Next 5Y16.83%
FCF growth 1Y105.51%
FCF growth 3Y67.02%
FCF growth 5Y35.48%
OCF growth 1Y58.64%
OCF growth 3Y44.65%
OCF growth 5Y27.13%

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 6 / 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 6 / 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 46.88% in the next year.


Can you provide the dividend sustainability for SUBC stock?

The dividend rating of SUBSEA 7 SA (SUBC.OL) is 6 / 10 and the dividend payout ratio is 91.47%.