Financials Subsea 7 S.A.

Equities

SUBC

LU0075646355

Oil Related Services and Equipment

Market Closed - Oslo Bors 10:45:00 2024-04-26 am EDT 5-day change 1st Jan Change
182 NOK +1.22% Intraday chart for Subsea 7 S.A. +3.82% +22.81%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,557 3,066 2,120 3,348 4,380 4,935 - -
Enterprise Value (EV) 1 3,393 2,763 1,944 3,058 4,933 5,543 5,288 4,747
P/E ratio -44.1 x -2.81 x 65.2 x 60.7 x 292 x 19.9 x 11.2 x 10.4 x
Yield 1.36% - 1.56% - 3.88% 3.49% 3.49% 3.67%
Capitalization / Revenue 0.97 x 0.88 x 0.42 x 0.65 x 0.73 x 0.75 x 0.7 x 0.72 x
EV / Revenue 0.93 x 0.8 x 0.39 x 0.6 x 0.83 x 0.85 x 0.75 x 0.69 x
EV / EBITDA 5.38 x 8.2 x 3.73 x 5.47 x 6.9 x 5.5 x 4.13 x 3.54 x
EV / FCF 29.1 x 9.55 x 15.3 x 12 x 62.6 x 12.3 x 8.8 x 7.28 x
FCF Yield 3.44% 10.5% 6.53% 8.34% 1.6% 8.14% 11.4% 13.7%
Price to Book 0.68 x 0.73 x 0.51 x 0.81 x 1.01 x 1.14 x 1.08 x 1.03 x
Nbr of stocks (in thousands) 298,787 297,673 295,466 290,206 300,454 299,483 - -
Reference price 2 11.91 10.30 7.174 11.54 14.58 16.48 16.48 16.48
Announcement Date 2/26/20 2/25/21 3/3/22 3/2/23 2/29/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,657 3,466 5,010 5,136 5,974 6,558 7,022 6,878
EBITDA 1 631 337.1 521 559 714.4 1,009 1,281 1,340
EBIT 1 77 -428.4 72 93.2 104.7 413.4 699.2 762.6
Operating Margin 2.11% -12.36% 1.44% 1.81% 1.75% 6.3% 9.96% 11.09%
Earnings before Tax (EBT) 1 -52.9 -1,072 100.7 136.3 80 381.6 658.5 697.2
Net income 1 -83.6 -1,093 31.8 57.1 15.4 240.7 443.5 476.6
Net margin -2.29% -31.53% 0.63% 1.11% 0.26% 3.67% 6.32% 6.93%
EPS 2 -0.2700 -3.670 0.1100 0.1900 0.0500 0.8274 1.467 1.582
Free Cash Flow 1 116.8 289.5 127 255 78.8 451 600.8 651.7
FCF margin 3.19% 8.35% 2.53% 4.97% 1.32% 6.88% 8.56% 9.47%
FCF Conversion (EBITDA) 18.51% 85.88% 24.38% 45.62% 11.03% 44.71% 46.89% 48.65%
FCF Conversion (Net income) - - 399.37% 446.58% 511.69% 187.34% 135.46% 136.74%
Dividend per Share 2 0.1621 - 0.1121 - 0.5651 0.5754 0.5756 0.6041
Announcement Date 2/26/20 2/25/21 3/3/22 3/2/23 2/29/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,365 1,194 1,247 1,404 1,291 1,246 1,518 1,578 1,631 1,395 1,719 1,751 1,744 1,746 1,797
EBITDA 1 143 86 134 171 169 106.8 162 201 244.6 162 270.4 295.3 294.9 224 378
EBIT 1 31 -30.9 18 53 52.9 -15.3 24.3 64 54.7 20 120.8 144.3 142.2 67 221
Operating Margin 2.27% -2.59% 1.44% 3.77% 4.1% -1.23% 1.6% 4.06% 3.35% 1.43% 7.03% 8.24% 8.15% 3.84% 12.3%
Earnings before Tax (EBT) 1 19.6 -27.6 58.2 27.2 78.5 -26.1 51.4 46.5 8.3 55 82 105 123 - -
Net income 1 -3.1 -14.9 41.2 3.2 27.6 -19.9 18.2 34.4 -17.3 27 61.22 74.2 78.79 - -
Net margin -0.23% -1.25% 3.3% 0.23% 2.14% -1.6% 1.2% 2.18% -1.06% 1.94% 3.56% 4.24% 4.52% - -
EPS 2 -0.0100 -0.0500 0.1400 0.0100 0.0900 -0.0700 0.0600 0.1100 -0.0600 0.0900 0.1990 0.2422 0.2444 0.3400 0.4600
Dividend per Share 2 0.1121 - - - - - - - 6.000 - 0.2714 - 0.2714 - -
Announcement Date 3/3/22 4/28/22 7/28/22 11/17/22 3/2/23 4/27/23 7/26/23 11/16/23 2/29/24 4/25/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 552 608 352 -
Net Cash position 1 164 303 176 290 - - - 188
Leverage (Debt/EBITDA) - - - - 0.7731 x 0.6025 x 0.2749 x -
Free Cash Flow 1 117 290 127 255 78.8 451 601 652
ROE (net income / shareholders' equity) -1.52% -10.2% 0.76% 1.38% 0.36% 5.69% 9.8% 10.8%
ROA (Net income/ Total Assets) 0.21% -7.21% 0.48% 0.82% 0.2% 3.29% 5.4% 5.97%
Assets 1 -39,810 15,158 6,643 6,983 7,520 7,320 8,221 7,977
Book Value Per Share 2 17.50 14.20 14.20 14.20 14.50 14.50 15.30 16.00
Cash Flow per Share 2 1.160 1.500 0.9800 1.660 2.210 2.870 3.300 3.480
Capex 1 240 157 158 231 581 353 303 298
Capex / Sales 6.56% 4.54% 3.15% 4.5% 9.73% 5.38% 4.31% 4.33%
Announcement Date 2/26/20 2/25/21 3/3/22 3/2/23 2/29/24 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
16.48 USD
Average target price
18.24 USD
Spread / Average Target
+10.69%
Consensus
  1. Stock Market
  2. Equities
  3. SUBC Stock
  4. Financials Subsea 7 S.A.