(SBMO) SBM Offshore - Ratings and Ratios
FPSO, Mooring, Wind, Terminals Vessels
Description: SBMO SBM Offshore
SBM Offshore N.V. is a leading provider of floating production solutions to the offshore energy industry worldwide, operating in two main segments: Lease and Operate, and Turnkey. The company designs, supplies, installs, operates, and maintains various offshore energy infrastructure, including floating production storage and offloading (FPSO) vessels, catenary anchor leg mooring (CALM) systems, and floating offshore wind systems.
The companys diverse portfolio includes a fleet of 14 FPSOs and 1 semi-submersible unit, as well as a range of offshore technologies and digital services. With a history dating back to 1862, SBM Offshore N.V. has established itself as a major player in the oil and gas equipment and services industry, with a global presence and a strong track record of innovation.
Key performance indicators (KPIs) that can be used to evaluate SBM Offshore N.V.s performance include revenue growth, order backlog, and fleet utilization rates. The companys ability to secure new contracts and maintain a strong order backlog is crucial to its success, as it indicates a steady stream of future revenue. Additionally, the companys focus on digital services and offshore technologies development suggests a commitment to innovation and staying ahead of industry trends.
From a financial perspective, SBM Offshore N.V.s market capitalization of approximately 3.9 billion EUR and a forward P/E ratio of 9.97 suggest a relatively stable and attractive investment opportunity. The companys return on equity (RoE) of 9.14% indicates a reasonable level of profitability, although this could be improved through operational efficiencies and strategic investments.
To further evaluate SBM Offshore N.V.s prospects, it is essential to monitor industry trends, including the demand for FPSOs, the growth of offshore wind, and the competitive landscape. The companys ability to adapt to changing market conditions, such as fluctuations in oil prices and the transition to renewable energy sources, will be critical to its long-term success.
SBMO Stock Overview
| Market Cap in USD | 4,574m |
| Sub-Industry | Oil & Gas Equipment & Services |
| IPO / Inception |
SBMO Stock Ratings
| Growth Rating | 82.8% |
| Fundamental | 65.2% |
| Dividend Rating | 48.5% |
| Return 12m vs S&P 500 | 23.4% |
| Analyst Rating | - |
SBMO Dividends
| Dividend Yield 12m | 4.19% |
| Yield on Cost 5y | 7.87% |
| Annual Growth 5y | 0.53% |
| Payout Consistency | 82.6% |
| Payout Ratio | 42.1% |
SBMO Growth Ratios
| Growth Correlation 3m | 34.9% |
| Growth Correlation 12m | 90.7% |
| Growth Correlation 5y | 71% |
| CAGR 5y | 16.34% |
| CAGR/Max DD 5y | 0.65 |
| Sharpe Ratio 12m | 1.82 |
| Alpha | 39.39 |
| Beta | 0.442 |
| Volatility | 23.51% |
| Current Volume | 233.3k |
| Average Volume 20d | 265.7k |
| Stop Loss | 22.6 (-3.3%) |
| Signal | 0.88 |
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (333.0m TTM) > 0 and > 6% of Revenue (6% = 297.4m TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA 9.95pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 139.4% (prev 136.4%; Δ 3.04pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.13 (>3.0%) and CFO -2.19b <= Net Income 333.0m (YES >=105%, WARN >=100%) |
| Net Debt (8.04b) to EBITDA (1.59b) ratio: 5.07 <= 3.0 (WARN <= 3.5) |
| Current Ratio 3.39 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (174.6m) change vs 12m ago NaN% (target <= -2.0% for YES) |
| Gross Margin 24.77% (prev 23.51%; Δ 1.27pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 28.88% (prev 26.78%; Δ 2.10pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.82 (EBITDA TTM 1.59b / Interest Expense TTM 847.0m) >= 6 (WARN >= 3) |
Altman Z'' 3.95
| (A) 0.40 = (Total Current Assets 9.80b - Total Current Liabilities 2.89b) / Total Assets 17.16b |
| (B) 0.15 = Retained Earnings (Balance) 2.49b / Total Assets 17.16b |
| (C) 0.09 = EBIT TTM 1.54b / Avg Total Assets 17.17b |
| (D) 0.22 = Book Value of Equity 2.49b / Total Liabilities 11.31b |
| Total Rating: 3.95 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 65.18
| 1. Piotroski 3.50pt = -1.50 |
| 2. FCF Yield 10.83% = 5.0 |
| 3. FCF Margin 27.56% = 6.89 |
| 4. Debt/Equity 2.45 = 0.09 |
| 5. Debt/Ebitda 5.57 = -2.50 |
| 6. ROIC - WACC 1.68% = 2.10 |
| 7. RoE 9.14% = 0.76 |
| 8. Rev. Trend 79.99% = 4.00 |
| 9. Rev. CAGR 0.0% = 0.0 |
| 10. EPS Trend 13.49% = 0.34 |
| 11. EPS CAGR 0.0% = 0.0 |
What is the price of SBMO shares?
Over the past week, the price has changed by -1.18%, over one month by +1.92%, over three months by +15.76% and over the past year by +44.34%.
Is SBM Offshore a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SBMO is around 25.39 EUR . This means that SBMO is currently overvalued and has a potential downside of 8.69%.
Is SBMO a buy, sell or hold?
What are the forecasts/targets for the SBMO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 27.3 | 17% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 28 | 20% |
SBMO Fundamental Data Overview
Market Cap USD = 4.57b (3.93b EUR * 1.1648 EUR.USD)
CCE Cash And Equivalents = 806.0m USD (Cash only, last quarter)
P/E Trailing = 13.237
P/E Forward = 10.1317
P/S = 0.7267
P/B = 1.1647
P/EG = 0.15
Beta = 0.773
Revenue TTM = 4.96b USD
EBIT TTM = 1.54b USD
EBITDA TTM = 1.59b USD
Long Term Debt = 7.63b USD (from longTermDebt, last quarter)
Short Term Debt = 1.22b USD (from shortLongTermDebt, last quarter)
Debt = 8.85b USD (Calculated: Short Term 1.22b + Long Term 7.63b)
Net Debt = 8.04b USD (from netDebt column, last quarter)
Enterprise Value = 12.62b USD (4.57b + Debt 8.85b - CCE 806.0m)
Interest Coverage Ratio = 1.82 (Ebit TTM 1.54b / Interest Expense TTM 847.0m)
FCF Yield = 10.83% (FCF TTM 1.37b / Enterprise Value 12.62b)
FCF Margin = 27.56% (FCF TTM 1.37b / Revenue TTM 4.96b)
Net Margin = 6.72% (Net Income TTM 333.0m / Revenue TTM 4.96b)
Gross Margin = 24.77% ((Revenue TTM 4.96b - Cost of Revenue TTM 3.73b) / Revenue TTM)
Tobins Q-Ratio = 5.07 (Enterprise Value 12.62b / Book Value Of Equity 2.49b)
Interest Expense / Debt = 9.57% (Interest Expense 847.0m / Debt 8.85b)
Taxrate = 23.03% (from quarterly Income Tax Expense: 70.0m / 304.0m)
NOPAT = 1.19b (EBIT 1.54b * (1 - 23.03%))
Current Ratio = 3.39 (Total Current Assets 9.80b / Total Current Liabilities 2.89b)
Debt / Equity = 2.45 (Debt 8.85b / last Quarter total Stockholder Equity 3.62b)
Debt / EBITDA = 5.57 (Net Debt 8.04b / EBITDA 1.59b)
Debt / FCF = 6.48 (Debt 8.85b / FCF TTM 1.37b)
Total Stockholder Equity = 3.64b (last 4 quarters mean)
RoA = 1.94% (Net Income 333.0m, Total Assets 17.16b )
RoE = 9.14% (Net Income TTM 333.0m / Total Stockholder Equity 3.64b)
RoCE = 13.66% (Ebit 1.54b / (Equity 3.64b + L.T.Debt 7.63b))
RoIC = 9.14% (NOPAT 1.19b / Invested Capital 12.97b)
WACC = 7.46% (E(4.57b)/V(13.42b) * Re(7.64%)) + (D(8.85b)/V(13.42b) * Rd(9.57%) * (1-Tc(0.23)))
Shares Correlation 5-Years: -100.0 | Cagr: -2.26%
Discount Rate = 7.64% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 78.36% ; FCFE base≈1.37b ; Y1≈1.37b ; Y5≈1.47b
Fair Price DCF = 151.6 (DCF Value 25.99b / Shares Outstanding 171.5m; 5y FCF grow 0.0% → 3.0% )
Revenue Correlation: 79.99 | Revenue CAGR: 0.0%
Rev Growth-of-Growth: -26.60
EPS Correlation: 13.49 | EPS CAGR: 0.0%
EPS Growth-of-Growth: 640.0