(CMBT) CMB.TECH - Ratings and Ratios
Tankers, Bulk, Container, Hydrogen, Ammonia
Dividends
| Dividend Yield | 2.12% |
| Yield on Cost 5y | 4.13% |
| Yield CAGR 5y | 40.86% |
| Payout Consistency | 54.4% |
| Payout Ratio | 6.0% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 43.9% |
| Value at Risk 5%th | 68.8% |
| Relative Tail Risk | -4.67% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.14 |
| Alpha | -15.23 |
| CAGR/Max DD | -0.08 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.417 |
| Beta | 0.661 |
| Beta Downside | 0.542 |
| Drawdowns 3y | |
|---|---|
| Max DD | 57.21% |
| Mean DD | 21.50% |
| Median DD | 11.98% |
Description: CMBT CMB.TECH November 13, 2025
Cmb.Tech NV (NYSE:CMBT) is a Belgian-based marine transportation group that operates three distinct divisions: Marine, H2 Infra and H2 Industry. The Marine arm manages a diversified fleet-including crude oil tankers, bulk carriers, container ships, chemical carriers, offshore-wind support vessels, tugboats and ferries-totaling roughly 30 vessels with an aggregate deadweight of ~4 million tons, positioning the company within the GICS “Oil & Gas Storage & Transportation” sub-industry.
The H2 Infra division focuses on the emerging green-hydrogen value chain, securing low-carbon feedstock (e.g., renewable electricity) to produce and distribute hydrogen and ammonia, while the H2 Industry segment supplies dual-fuel solutions that enable existing marine and industrial engines to run on a blend of conventional fuel and green hydrogen, a capability that could benefit from the EU’s 2030 hydrogen roadmap targeting 40 GW of electrolyzer capacity.
Formerly Euronav NV, the firm rebranded to Cmb.Tech NV in October 2024 after a strategic pivot toward decarbonization; it remains a wholly-owned subsidiary of CMB NV and retains its Antwerp headquarters, a hub for European shipping and logistics.
Key market drivers include volatile bunker fuel prices, tightening IMO 2023 global sulphur cap compliance costs, and accelerating demand for low-carbon marine fuels-factors that together could pressure traditional tanker margins but create upside for firms with dual-fuel capabilities.
For a deeper dive into how Cmb.Tech’s hybrid business model stacks up against sector peers, you might explore the analytics on ValueRay to assess its valuation sensitivity to hydrogen-related policy shifts.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (164.8m TTM) > 0 and > 6% of Revenue (6% = 78.2m TTM) |
| FCFTA -0.11 (>2.0%) and ΔFCFTA -7.05pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -17.32% (prev 12.02%; Δ -29.34pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.04 (>3.0%) and CFO 327.8m > Net Income 164.8m (YES >=105%, WARN >=100%) |
| Net Debt (5.53b) to EBITDA (764.8m) ratio: 7.24 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.73 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (238.5m) change vs 12m ago 22.80% (target <= -2.0% for YES) |
| Gross Margin 35.47% (prev 44.26%; Δ -8.79pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 21.74% (prev 27.30%; Δ -5.57pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.15 (EBITDA TTM 764.8m / Interest Expense TTM 377.9m) >= 6 (WARN >= 3) |
Altman Z'' 0.75
| (A) -0.03 = (Total Current Assets 597.2m - Total Current Liabilities 822.9m) / Total Assets 8.37b |
| (B) 0.08 = Retained Earnings (Balance) 662.7m / Total Assets 8.37b |
| (C) 0.07 = EBIT TTM 435.1m / Avg Total Assets 5.99b |
| (D) 0.17 = Book Value of Equity 1.01b / Total Liabilities 5.82b |
| Total Rating: 0.75 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 42.23
| 1. Piotroski 3.0pt |
| 2. FCF Yield -11.34% |
| 3. FCF Margin -72.21% |
| 4. Debt/Equity 2.20 |
| 5. Debt/Ebitda 7.24 |
| 6. ROIC - WACC (= 2.49)% |
| 7. RoE 10.38% |
| 8. Rev. Trend 62.08% |
| 9. EPS Trend 2.78% |
What is the price of CMBT shares?
Over the past week, the price has changed by -10.55%, over one month by +0.31%, over three months by +1.41% and over the past year by +5.11%.
Is CMBT a buy, sell or hold?
- Strong Buy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the CMBT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 11.6 | 20% |
| Analysts Target Price | 11.6 | 20% |
| ValueRay Target Price | 9.7 | 0.6% |
CMBT Fundamental Data Overview December 06, 2025
P/E Trailing = 13.1687
P/E Forward = 6.8966
P/S = 2.4872
P/B = 1.2608
P/EG = -3.43
Beta = -0.198
Revenue TTM = 1.30b EUR
EBIT TTM = 435.1m EUR
EBITDA TTM = 764.8m EUR
Long Term Debt = 4.99b EUR (from longTermDebt, last quarter)
Short Term Debt = 622.6m EUR (from shortTermDebt, last quarter)
Debt = 5.62b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.53b EUR (from netDebt column, last quarter)
Enterprise Value = 8.29b EUR (2.76b + Debt 5.62b - CCE 81.9m)
Interest Coverage Ratio = 1.15 (Ebit TTM 435.1m / Interest Expense TTM 377.9m)
FCF Yield = -11.34% (FCF TTM -941.0m / Enterprise Value 8.29b)
FCF Margin = -72.21% (FCF TTM -941.0m / Revenue TTM 1.30b)
Net Margin = 12.64% (Net Income TTM 164.8m / Revenue TTM 1.30b)
Gross Margin = 35.47% ((Revenue TTM 1.30b - Cost of Revenue TTM 840.9m) / Revenue TTM)
Gross Margin QoQ = 49.46% (prev 20.76%)
Tobins Q-Ratio = 0.99 (Enterprise Value 8.29b / Total Assets 8.37b)
Interest Expense / Debt = 1.97% (Interest Expense 110.8m / Debt 5.62b)
Taxrate = 4.78% (868.0k / 18.2m)
NOPAT = 414.3m (EBIT 435.1m * (1 - 4.78%))
Current Ratio = 0.73 (Total Current Assets 597.2m / Total Current Liabilities 822.9m)
Debt / Equity = 2.20 (Debt 5.62b / totalStockholderEquity, last quarter 2.55b)
Debt / EBITDA = 7.24 (Net Debt 5.53b / EBITDA 764.8m)
Debt / FCF = -5.88 (negative FCF - burning cash) (Net Debt 5.53b / FCF TTM -941.0m)
Total Stockholder Equity = 1.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.97% (Net Income 164.8m / Total Assets 8.37b)
RoE = 10.38% (Net Income TTM 164.8m / Total Stockholder Equity 1.59b)
RoCE = 6.62% (EBIT 435.1m / Capital Employed (Equity 1.59b + L.T.Debt 4.99b))
RoIC = 6.53% (NOPAT 414.3m / Invested Capital 6.34b)
WACC = 4.04% (E(2.76b)/V(8.38b) * Re(8.45%) + D(5.62b)/V(8.38b) * Rd(1.97%) * (1-Tc(0.05)))
Discount Rate = 8.45% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 8.65%
Fair Price DCF = unknown (Cash Flow -941.0m)
EPS Correlation: 2.78 | EPS CAGR: 85.49% | SUE: 0.04 | # QB: 0
Revenue Correlation: 62.08 | Revenue CAGR: 48.56% | SUE: 1.36 | # QB: 3
EPS next Quarter (2026-03-31): EPS=0.17 | Chg30d=-0.140 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=1.46 | Chg30d=-0.530 | Revisions Net=-1 | Growth EPS=+29100.0% | Growth Revenue=+34.4%
Additional Sources for CMBT Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle