SUBSEA 7 SA (SUBC.OL) Stock Fundamental Analysis

Europe • Euronext Oslo • OSL:SUBC • LU0075646355

252.5 NOK
+2.9 (+1.16%)
Last: Feb 12, 2026, 12:57 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Taking everything into account, SUBC scores 5 out of 10 in our fundamental rating. SUBC was compared to 37 industry peers in the Energy Equipment & Services industry. SUBC has an average financial health and profitability rating. SUBC is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

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.
  • Of the past 5 years SUBC 4 years were 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 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 worse Return On Equity (6.77%) than 62.16% of its industry peers.
  • SUBC's Return On Invested Capital of 8.72% is in line compared to the rest of the industry. SUBC outperforms 59.46% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years 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

  • SUBC has a worse Profit Margin (4.12%) than 64.86% of its industry peers.
  • In the last couple of years the Profit Margin of SUBC has grown nicely.
  • The Operating Margin of SUBC (8.25%) is worse than 62.16% of its industry peers.
  • In the last couple of years the Operating Margin of SUBC has grown nicely.
  • With a Gross Margin value of 13.02%, SUBC perfoms like the industry average, outperforming 40.54% of the companies in the same industry.
  • 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

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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.
  • 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

  • An Altman-Z score of 2.53 indicates that SUBC is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • SUBC's Altman-Z score of 2.53 is amongst the best of the industry. SUBC outperforms 83.78% of its industry peers.
  • 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.
  • The Debt to FCF ratio of SUBC (1.20) is better than 83.78% of its industry peers.
  • SUBC has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
  • SUBC has a Debt to Equity ratio of 0.15. This is in the better half of the industry: SUBC outperforms 75.68% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 1.2
Altman-Z 2.53
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 81.08% 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's Quick ratio of 1.00 is on the low side compared to the rest of the industry. SUBC is outperformed by 78.38% 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

  • SUBC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 77.78%, which is quite impressive.
  • The Earnings Per Share has been growing by 82.63% on average over the past years. This is a very strong growth
  • Looking at the last year, SUBC shows a small growth in Revenue. The Revenue has grown by 5.97% in the last year.
  • Measured over the past years, SUBC shows a quite strong growth in Revenue. The Revenue has been growing by 13.33% on average per year.
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

  • A Price/Earnings ratio of 27.78 indicates a quite expensive valuation of SUBC.
  • 70.27% of the companies in the same industry are cheaper than SUBC, based on the Price/Earnings ratio.
  • SUBC's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.18.
  • With a Price/Forward Earnings ratio of 13.16, SUBC is valued correctly.
  • SUBC's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 28.01. SUBC is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 27.78
Fwd PE 13.16
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 ratio is in line with the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SUBC indicates a somewhat cheap valuation: SUBC is cheaper than 64.86% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.25
EV/EBITDA 7.12
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.
  • A more expensive valuation may be justified as SUBC's earnings are expected to grow with 47.20% in the coming years.
PEG (NY)0.22
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 5.38%, which is a nice return.
  • 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 1.80.
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

  • 92.01% of the earnings are spent on dividend by SUBC. 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 (2/12/2026, 12:57:10 PM)

252.5

+2.9 (+1.16%)

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 Cap75.65B
Revenue(TTM)6.99B
Net Income(TTM)287.90M
Analysts80
Price Target250.1 (-0.95%)
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 27.78
Fwd PE 13.16
P/S 1.14
P/FCF 9.25
P/OCF 6.9
P/B 1.88
P/tB 2.01
EV/EBITDA 7.12
EPS(TTM)9.09
EY3.6%
EPS(NY)19.19
Fwd EY7.6%
FCF(TTM)27.3
FCFY10.81%
OCF(TTM)36.62
OCFY14.5%
SpS220.97
BVpS134.29
TBVpS125.84
PEG (NY)0.22
PEG (5Y)N/A
Graham Number165.73
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 2.53
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 4 / 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%.