REACH SUBSEA ASA |
Real-time
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.22 NOK | 0.00% |
|
+5.42% | +38.22% |
| Mar. 20 | Reach Subsea Extends Subsea Vessel Charter, Orders Two New Remotely Operated Vehicles | MT |
| Mar. 20 | Reach Subsea ASA Expands Fleet: Charter Option Lifted and Two New Constructor ROVs Ordered | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 37.36 | 50.03 | 120.3 | 153.8 | - | - |
| Enterprise Value (EV) 1 | 37.36 | 68.53 | 198 | 198.3 | 151 | 140 |
| P/E ratio | 7.2 x | 4.59 x | 6.25 x | 7.54 x | 6.29 x | 3.77 x |
| Yield | - | 5.9% | 7.68% | 6.01% | 6.54% | 8.48% |
| Capitalization / Revenue | - | 0.64 x | 0.64 x | 0.7 x | 0.69 x | 0.62 x |
| EV / Revenue | - | 0.88 x | 1.05 x | 0.91 x | 0.68 x | 0.56 x |
| EV / EBITDA | - | 1.89 x | 2.27 x | 2.11 x | 1.59 x | 1.25 x |
| EV / FCF | - | 2.18 x | 2.82 x | 4.45 x | 3.4 x | 4.02 x |
| FCF Yield | - | 45.8% | 35.5% | 22.5% | 29.4% | 24.9% |
| Price to Book | - | 1.54 x | 1.37 x | 1.56 x | 1.38 x | 1.17 x |
| Nbr of stocks (in thousands) | 143,506 | 144,941 | 271,769 | 271,769 | - | - |
| Reference price 2 | 0.2603 | 0.3452 | 0.4427 | 0.5658 | 0.5658 | 0.5658 |
| Announcement Date | 3/26/21 | 2/8/22 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 78.17 | 188.4 | 218.7 | 221.7 | 248.9 |
| EBITDA 1 | - | 36.3 | 87.32 | 94.12 | 95.08 | 112.2 |
| EBIT 1 | - | 9.001 | 28.51 | 29.79 | 37.4 | 58.72 |
| Operating Margin | - | 11.52% | 15.13% | 13.62% | 16.87% | 23.59% |
| Earnings before Tax (EBT) 1 | - | 8.316 | 27.33 | 26.17 | 36.16 | 61 |
| Net income 1 | 5.026 | 10.68 | 21.32 | 20.37 | 28.17 | 47.58 |
| Net margin | - | 13.66% | 11.31% | 9.31% | 12.71% | 19.12% |
| EPS 2 | 0.0362 | 0.0751 | 0.0708 | 0.0750 | 0.0900 | 0.1500 |
| Free Cash Flow 1 | - | 31.42 | 70.27 | 44.54 | 44.35 | 34.83 |
| FCF margin | - | 40.2% | 37.29% | 20.37% | 20.01% | 14% |
| FCF Conversion (EBITDA) | - | 86.55% | 80.47% | 47.32% | 46.65% | 31.04% |
| FCF Conversion (Net income) | - | 294.21% | 329.66% | 218.7% | 157.43% | 73.2% |
| Dividend per Share 2 | - | 0.0204 | 0.0340 | 0.0340 | 0.0370 | 0.0480 |
| Announcement Date | 3/26/21 | 2/8/22 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26.13 | 21.78 | 13.69 | 34.61 | 35.67 | - | 59.88 | 59.12 | 44.76 | 48.92 | 54.82 | 60.91 | 54.06 |
| EBITDA 1 | 10.46 | 9.835 | 4.163 | 14.96 | 14.88 | - | 33.58 | 29.84 | 20.03 | 20.18 | 25.03 | 27.79 | 21.13 |
| EBIT 1 | 2.729 | 2.93 | -3.998 | 5.058 | 5.709 | - | 13.95 | 10.2 | 7.507 | 3.807 | 8.851 | 11.8 | 5.33 |
| Operating Margin | 10.44% | 13.46% | -29.2% | 14.61% | 16.01% | - | 23.29% | 17.25% | 16.77% | 7.78% | 16.15% | 19.37% | 9.86% |
| Earnings before Tax (EBT) 1 | 2.718 | 2.571 | -4.706 | 5.707 | 6.573 | - | 10.39 | 8.373 | 7.662 | 2.855 | 7.804 | 10.85 | 4.568 |
| Net income 1 | 5.075 | 2.636 | -3.762 | 4.415 | 5.025 | 0.3723 | 8.138 | 7.046 | 5.448 | 2.284 | 6.091 | 8.47 | 3.521 |
| Net margin | 19.42% | 12.11% | -27.48% | 12.76% | 14.09% | - | 13.59% | 11.92% | 12.17% | 4.67% | 11.11% | 13.91% | 6.51% |
| EPS 2 | 0.0362 | 0.0182 | -0.0244 | 0.0183 | 0.0225 | 0.000950 | 0.0320 | 0.0236 | 0.0170 | 0.009000 | 0.0230 | 0.0310 | 0.0130 |
| Dividend per Share 2 | - | 0.0204 | - | - | - | - | - | - | 0.0340 | - | 0.0380 | - | - |
| Announcement Date | 11/4/21 | 2/8/22 | 5/6/22 | 8/22/22 | 11/8/22 | 5/8/23 | 8/22/23 | 11/7/23 | 2/14/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 18.5 | - | 77.7 | 44.5 | - | - |
| Net Cash position 1 | - | - | - | - | - | 2.76 | 13.8 |
| Leverage (Debt/EBITDA) | - | 0.5097 x | - | 0.8897 x | 0.4732 x | - | - |
| Free Cash Flow 1 | - | 31.4 | - | 70.3 | 44.5 | 44.3 | 34.8 |
| ROE (net income / shareholders' equity) | - | 37.8% | 16.7% | 30% | 21.9% | 24.8% | 33.8% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | 0.2200 | - | 0.3200 | 0.3600 | 0.4100 | 0.4900 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | 0.18 | - | 19.1 | 29.6 | 39.6 | 60.1 |
| Capex / Sales | - | 0.23% | - | 10.16% | 13.53% | 17.86% | 24.13% |
| Announcement Date | 3/26/21 | 2/8/22 | - | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
0.5658
USD
Average target price
0.666
USD
Spread / Average Target
+17.72%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +38.22% | 154M | |
| +25.41% | 31.51B | |
| +29.43% | 23.86B | |
| -16.27% | 23.69B | |
| +2.17% | 12.32B | |
| +10.47% | 10.9B | |
| +40.82% | 9.31B | |
| +9.64% | 9.44B | |
| +4.86% | 9.17B | |
| +4.44% | 8.04B |
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- Financials Reach Subsea ASA
