(CMBT) CMB.TECH - BR
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: BR (Belgium) | Market Cap: 3.842m EUR | Total Return: 81% in 12m
Avg Turnover: 2.57M
Qual. Beats: 0
Rev. Trend: 35.4%
Qual. Beats: 5
Warnings
Share dilution 49.4% YoY
Below Avwap Earnings
Tailwinds
Rs Leader, Confidence
CMB.TECH NV, formerly Euronav NV, is an Antwerp-based marine transportation and energy transition company. It operates through three integrated divisions: Marine, H2 Infra, and H2 Industry. The company focuses on the design and operation of low-carbon vessels, ranging from bulk carriers to chemical tankers, while simultaneously developing the infrastructure required to produce and distribute green hydrogen and ammonia fuels.
The maritime industry is currently facing stringent International Maritime Organization (IMO) mandates to reduce greenhouse gas emissions, driving demand for the dual-fuel industrial applications CMB.TECH develops. By controlling both the vessel assets and the fuel supply chain, the company utilizes a vertically integrated business model to mitigate the volatility of green energy procurement. For a deeper look into these financial drivers, ValueRay offers additional data points. This strategic shift from traditional oil transport to a hydrogen-centric fleet was solidified by the corporate rebranding in October 2024.
- Ammonia-powered vessel fleet expansion drives long-term marine segment revenue
- Green hydrogen and ammonia production scaling impacts industrial margins
- Global maritime decarbonization regulations accelerate demand for low-carbon vessels
- Crude oil tanker freight rates influence legacy Euronav fleet cash flows
| Net Income: 485.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA 8.88 > 1.0 |
| NWC/Revenue: -2.26% < 20% (prev -4.72%; Δ 2.46% < -1%) |
| CFO/TA 0.07 > 3% & CFO 575.3m > Net Income 485.5m |
| Net Debt (-188.4m) to EBITDA (927.0m): -0.20 < 3 |
| Current Ratio: 0.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (290.2m) vs 12m ago 49.41% < -2% |
| Gross Margin: 30.21% > 18% (prev 38.07%; Δ -7.86% > 0.5%) |
| Asset Turnover: 23.38% > 50% (prev 11.36%; Δ 12.02% > 0%) |
| Interest Coverage Ratio: 1.51 > 6 (EBIT TTM 539.1m / Interest Expense TTM 356.4m) |
| A: -0.01 (Total Current Assets 777.1m - Total Current Liabilities 821.2m) / Total Assets 8.46b |
| B: 0.13 (Retained Earnings 1.06b / Total Assets 8.46b) |
| C: 0.06 (EBIT TTM 539.1m / Avg Total Assets 8.34b) |
| D: 0.53 (Book Value of Equity 2.94b / Total Liabilities 5.52b) |
| Altman-Z'' = 1.37 = BB |
| DSRI: 0.42 (Receivables 350.5m/402.8m, Revenue 1.95b/934.9m) |
| GMI: 1.26 (GM 38.07% / 30.21%) |
| AQI: 1.06 (AQ_t 0.05 / AQ_t-1 0.05) |
| SGI: 2.09 (Revenue 1.95b / 934.9m) |
| TATA: -0.01 (NI 485.5m - CFO 575.3m) / TA 8.46b) |
| Beneish M = -2.46 (Cap -4..+1) = BBB |
As of June 15, 2026, the stock is trading at EUR 13.32 with a total of 107,415 shares traded.
Over the past week, the price has changed by +4.87%,
over one month by +11.24%,
over three months by +34.51% and
over the past year by +81.00%.
CMB.TECH has no consensus analysts rating.
Market Cap USD = 4.44b (3.84b EUR * 1.1565 EUR.USD)
P/E Trailing = 8.7682
P/E Forward = 14.0056
P/S = 1.9695
P/B = 1.4913
P/EG = 0.6912
Revenue TTM = 1.95b USD
EBIT TTM = 539.1m USD
EBITDA TTM = 927.0m USD
Long Term Debt = 4.69b USD (from longTermDebt, last quarter)
Short Term Debt = 552.2m USD (from shortLongTermDebt, last quarter)
Debt = 6.23m USD (Leases only: 6.23m)
Net Debt = -188.4m USD (calculated: Debt 6.23m - CCE 194.6m)
Enterprise Value = 4.25b USD (4.44b + Debt 6.23m - CCE 194.6m)
Interest Coverage Ratio = 1.51 (Ebit TTM 539.1m / Interest Expense TTM 356.4m)
EV/FCF = -18.64x (Enterprise Value 4.25b / FCF TTM -228.2m)
FCF Yield = -5.36% (FCF TTM -228.2m / Enterprise Value 4.25b)
FCF Margin = -11.70% (FCF TTM -228.2m / Revenue TTM 1.95b)
Net Margin = 24.89% (Net Income TTM 485.5m / Revenue TTM 1.95b)
Gross Margin = 30.21% ((Revenue TTM 1.95b - Cost of Revenue TTM 1.36b) / Revenue TTM)
Gross Margin QoQ = 34.47% (prev 36.34%)
Tobins Q-Ratio = 0.50 (Enterprise Value 4.25b / Total Assets 8.46b)
Interest Expense / Debt = 5.72k% (Interest Expense 356.4m / Debt 6.23m)
Taxrate = 2.75% (13.2m / 480.8m)
NOPAT = 524.2m (EBIT 539.1m * (1 - 2.75%))
Current Ratio = 0.95 (Total Current Assets 777.1m / Total Current Liabilities 821.2m)
Debt / Equity = 0.00 (Debt 6.23m / totalStockholderEquity, last quarter 2.94b)
Debt / EBITDA = -0.20 (Net Debt -188.4m / EBITDA 927.0m)
Debt / FCF = 0.83 (negative FCF - burning cash) (Net Debt -188.4m / FCF TTM -228.2m)
Total Stockholder Equity = 2.36b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.82% (Net Income 485.5m / Total Assets 8.46b)
RoE = 20.57% (Net Income TTM 485.5m / Total Stockholder Equity 2.36b)
RoCE = 7.65% (EBIT 539.1m / Capital Employed (Equity 2.36b + L.T.Debt 4.69b))
RoIC = 6.95% (NOPAT 524.2m / Invested Capital 7.54b)
WACC = 7.61% (E(4.44b)/V(4.45b) * Re(7.62%) + (debt cost/tax rate unavailable))
Discount Rate = 7.62% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 11.64 | Cagr: 17.46%
[DCF] Fair Price = unknown (Cash Flow -228.2m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.24 | # QB: 0
Revenue Correlation: 35.35 | Revenue CAGR: 9.29% | SUE: 1.13 | # QB: 5
EPS current Quarter (2026-06-30): EPS=1.18 | Chg30d=+97.60% | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.46 | Chg30d=+33.51% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=2.30 | Chg30d=+270.19% | Revisions=N/A | GrowthEPS=+4205.8% | GrowthRev=+21.4%
EPS next Year (2027-12-31): EPS=0.94 | Chg30d=+5.79% | Revisions=-20% | GrowthEPS=-59.0% | GrowthRev=-8.7%
[Analyst] Revisions Ratio: -20%