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

OSL:SUBC • LU0075646355

Current stock price

293.2 NOK
-7.2 (-2.4%)
Last:

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

6

1. SUBC.OL Profitability Analysis

1.1 Basic Checks

  • In the past year SUBC was profitable.
  • 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

  • SUBC has a Return On Assets (5.12%) which is comparable to the rest of the industry.
  • SUBC has a Return On Equity of 9.33%. This is comparable to the rest of the industry: SUBC outperforms 43.24% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.73%, SUBC is in line with its industry, outperforming 45.95% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for SUBC is significantly below the industry average of 10.56%.
  • 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 has a Profit Margin of 5.80%. This is comparable to the rest of the industry: SUBC outperforms 51.35% of its industry peers.
  • SUBC's Profit Margin has improved in the last couple of years.
  • SUBC's Operating Margin of 10.37% is in line compared to the rest of the industry. SUBC outperforms 45.95% of its industry peers.
  • In the last couple of years the Operating Margin of SUBC has grown nicely.
  • SUBC has a Gross Margin (15.17%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of SUBC has grown nicely.
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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7

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.
  • SUBC has about the same amout of 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 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

  • An Altman-Z score of 3.04 indicates that SUBC is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.04, SUBC belongs to the best of the industry, outperforming 81.08% of the companies in the same industry.
  • The Debt to FCF ratio of SUBC is 0.78, which is an excellent value as it means it would take SUBC, only 0.78 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.78, SUBC belongs to the top of the industry, outperforming 86.49% 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 Debt to Equity ratio of 0.13. This is in the better half of the industry: SUBC outperforms 72.97% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.78
Altman-Z 3.04
ROIC/WACC0.94
WACC9.28%
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's Current ratio of 1.11 is on the low side compared to the rest of the industry. SUBC is outperformed by 75.68% of its industry peers.
  • A Quick Ratio of 1.09 indicates that SUBC should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.09, SUBC is not doing good in the industry: 70.27% of the companies in the same industry are doing better.
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.
  • Measured over the past years, SUBC shows a very strong growth in Earnings Per Share. The EPS has been growing by 94.00% on average per year.
  • Looking at the last year, SUBC shows a small growth in Revenue. The Revenue has grown by 3.64% in the last year.
  • The Revenue has been growing by 15.37% on average over the past years. This is quite good.
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

  • The Earnings Per Share is expected to grow by 10.21% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 0.91% on average over the next years.
EPS Next Y59.11%
EPS Next 2Y29.79%
EPS Next 3Y22.02%
EPS Next 5Y10.21%
Revenue Next Year5.41%
Revenue Next 2Y3.49%
Revenue Next 3Y2.05%
Revenue Next 5Y0.91%

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

  • SUBC is valuated rather expensively with a Price/Earnings ratio of 21.82.
  • Compared to the rest of the industry, the Price/Earnings ratio of SUBC is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 26.17. SUBC is around the same levels.
  • A Price/Forward Earnings ratio of 13.71 indicates a correct valuation of SUBC.
  • SUBC's Price/Forward Earnings ratio is in line with the industry average.
  • SUBC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.05.
Industry RankSector Rank
PE 21.82
Fwd PE 13.71
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

  • 78.38% of the companies in the same industry are more expensive than SUBC, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, SUBC is valued a bit cheaper than 78.38% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.56
EV/EBITDA 6.35
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.
  • SUBC's earnings are expected to grow with 22.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y29.79%
EPS Next 3Y22.02%

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

6

5. SUBC.OL Dividend Analysis

5.1 Amount

  • SUBC has a Yearly Dividend Yield of 4.62%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.99, SUBC pays a bit more dividend than its industry peers.
  • SUBC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 4.62%

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.
  • The dividend of SUBC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP91.47%
EPS Next 2Y29.79%
EPS Next 3Y22.02%
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 (4/1/2026, 7:00:00 PM)

293.2

-7.2 (-2.4%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-26
Earnings (Next)04-30
Inst Owners56.29%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap87.84B
Revenue(TTM)7.09B
Net Income(TTM)411.30M
Analysts75.2
Price Target278.87 (-4.89%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.62%
Yearly Dividend12.4
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)-3.47%
Min Revenue beat(2)-5.67%
Max Revenue beat(2)-1.28%
Revenue beat(4)1
Avg Revenue beat(4)-2.2%
Min Revenue beat(4)-6.26%
Max Revenue beat(4)4.4%
Revenue beat(8)5
Avg Revenue beat(8)-0.35%
Revenue beat(12)9
Avg Revenue beat(12)2.3%
Revenue beat(16)12
Avg Revenue beat(16)1.77%
PT rev (1m)11.5%
PT rev (3m)15.19%
EPS NQ rev (1m)1.44%
EPS NQ rev (3m)9.6%
EPS NY rev (1m)0%
EPS NY rev (3m)10.56%
Revenue NQ rev (1m)2.68%
Revenue NQ rev (3m)4.65%
Revenue NY rev (1m)0.28%
Revenue NY rev (3m)2.02%
Valuation
Industry RankSector Rank
PE 21.82
Fwd PE 13.71
P/S 1.27
P/FCF 7.56
P/OCF 6.12
P/B 2.05
P/tB 2.18
EV/EBITDA 6.35
EPS(TTM)13.44
EY4.58%
EPS(NY)21.39
Fwd EY7.3%
FCF(TTM)38.8
FCFY13.23%
OCF(TTM)47.94
OCFY16.35%
SpS230.44
BVpS143.29
TBVpS134.55
PEG (NY)0.37
PEG (5Y)N/A
Graham Number208.16
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 3.04
F-Score7
WACC9.28%
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 Y59.11%
EPS Next 2Y29.79%
EPS Next 3Y22.02%
EPS Next 5Y10.21%
Revenue 1Y (TTM)3.64%
Revenue growth 3Y11.33%
Revenue growth 5Y15.37%
Sales Q2Q%4.95%
Revenue Next Year5.41%
Revenue Next 2Y3.49%
Revenue Next 3Y2.05%
Revenue Next 5Y0.91%
EBIT growth 1Y80.16%
EBIT growth 3Y97.87%
EBIT growth 5YN/A
EBIT Next Year118.37%
EBIT Next 3Y32.19%
EBIT Next 5Y16.7%
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 Fundamental Analysis 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.


How profitable is SUBSEA 7 SA (SUBC.OL) stock?

SUBSEA 7 SA (SUBC.OL) has a profitability rating of 6 / 10.


Can you provide the financial health for SUBC stock?

The financial health rating of SUBSEA 7 SA (SUBC.OL) is 7 / 10.


Is the dividend of SUBSEA 7 SA sustainable?

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