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

Overall SUBC gets a fundamental rating of 5 out of 10. We evaluated SUBC against 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 decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • SUBC had positive earnings in the past year.
  • In the past year SUBC had a positive cash flow from operations.
  • SUBC had positive earnings in 4 of the past 5 years.
  • 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

  • Looking at the Return On Assets, with a value of 3.46%, SUBC is in line with its industry, outperforming 44.44% of the companies in the same industry.
  • SUBC's Return On Equity of 6.77% is on the low side compared to the rest of the industry. SUBC is outperformed by 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 10.18%.
  • The 3 year average ROIC (3.46%) for SUBC is below the current ROIC(8.72%), indicating increased profibility in the last year.
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

  • With a Profit Margin value of 4.12%, SUBC is not doing good in the industry: 63.89% of the companies in the same industry are doing better.
  • SUBC's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 8.25%, SUBC is doing worse than 61.11% of the companies in the same industry.
  • SUBC's Operating Margin has improved in the last couple of years.
  • SUBC has a Gross Margin (13.02%) which is comparable to the rest of the industry.
  • SUBC's Gross Margin has been stable in the last couple of years.
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

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SUBC is destroying value.
  • SUBC has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, SUBC has less shares outstanding
  • SUBC has a better debt/assets ratio than last year.
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

  • An Altman-Z score of 2.47 indicates that SUBC is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 2.47, SUBC belongs to the best of the industry, outperforming 86.11% of the companies in the same industry.
  • SUBC has a debt to FCF ratio of 1.20. This is a very positive value and a sign of high solvency as it would only need 1.20 years to pay back of all of its debts.
  • SUBC's Debt to FCF ratio of 1.20 is amongst the best of the industry. SUBC outperforms 83.33% of its industry peers.
  • A Debt/Equity ratio of 0.15 indicates that SUBC is not too dependend on debt financing.
  • SUBC has a better Debt to Equity ratio (0.15) than 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 1.2
Altman-Z 2.47
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.
  • The Current ratio of SUBC (1.02) is worse than 80.56% of its industry peers.
  • SUBC has a Quick Ratio of 1.00. 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 Quick ratio (1.00) than 77.78% of its industry peers.
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

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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.
  • Measured over the past years, SUBC shows a very strong growth in Earnings Per Share. The EPS has been growing by 82.63% on average per year.
  • The Revenue has been growing slightly by 5.97% in the past 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

  • The Earnings Per Share is expected to grow by 26.76% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, SUBC will show a small growth in Revenue. The Revenue will grow by 1.85% on average per year.
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

  • 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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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.
  • SUBC's Price/Earnings ratio is a bit more expensive when compared to the industry. SUBC is more expensive than 69.44% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.92. SUBC is around the same levels.
  • SUBC is valuated correctly with a Price/Forward Earnings ratio of 12.36.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of SUBC is on the same level as its industry peers.
  • SUBC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.78.
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as SUBC.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SUBC indicates a somewhat cheap valuation: SUBC is cheaper than 63.89% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.69
EV/EBITDA 6.77
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

  • The 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%

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

4

5. Dividend

5.1 Amount

  • SUBC has a Yearly Dividend Yield of 5.35%, which is a nice return.
  • SUBC's Dividend Yield is a higher than the industry average which is at 3.48.
  • Compared to an average S&P500 Dividend Yield of 1.83, SUBC pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.35%

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

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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 Target244.99 (0.57%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.35%
Yearly Dividend5.22
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)1.19%
PT rev (3m)2.07%
EPS NQ rev (1m)9.12%
EPS NQ rev (3m)37.89%
EPS NY rev (1m)1.93%
EPS NY rev (3m)9.96%
Revenue NQ rev (1m)1.9%
Revenue NQ rev (3m)2.74%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.5%
Valuation
Industry RankSector Rank
PE 26.08
Fwd PE 12.36
P/S 1.07
P/FCF 8.69
P/OCF 6.47
P/B 1.77
P/tB 1.88
EV/EBITDA 6.77
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%
SpS227.02
BVpS137.96
TBVpS129.28
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 2.47
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%.