(CMBT) CMB.TECH - Ratings and Ratios
Tankers, Bulk Carriers, Hydrogen, Ammonia, Dual-Fuel
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.14% |
| Yield on Cost 5y | 4.42% |
| Yield CAGR 5y | 9.33% |
| Payout Consistency | 51.3% |
| Payout Ratio | - |
| Risk via 5d forecast | |
|---|---|
| Volatility | 40.5% |
| Value at Risk 5%th | 63.0% |
| Relative Tail Risk | -5.37% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.48 |
| Alpha | -1.55 |
| CAGR/Max DD | 0.16 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.502 |
| Beta | 0.729 |
| Beta Downside | 0.741 |
| Drawdowns 3y | |
|---|---|
| Max DD | 57.21% |
| Mean DD | 22.43% |
| Median DD | 12.28% |
Description: CMBT CMB.TECH January 16, 2026
Cmb.Tech NV (NYSE:CMBT) is a Belgian marine transportation group that operates through three distinct divisions: Marine, H2 Infra, and H2 Industry. The Marine division manages a diversified fleet-including crude oil tankers, bulk carriers, container ships, chemical carriers, offshore wind support vessels, tugboats, and ferries-providing exposure to the broader oil-and-gas storage and transportation market (GICS Sub-Industry). The H2 Infra division focuses on securing green-molecule feedstocks and producing/distributing green hydrogen and ammonia, while the H2 Industry division commercializes scalable dual-fuel solutions for industrial customers.
Key operational metrics (as of Q3 2024) show the Marine fleet comprises roughly 70 vessels with an average age of 9 years and a utilization rate of ~85 %, a level that historically correlates with freight rate strength in the Baltic Dry Index and the Worldscale market. The H2 Infra segment is positioned to benefit from the EU’s “Fit-for-55” policy, which targets a 55 % reduction in greenhouse-gas emissions by 2030, driving demand for green hydrogen that the International Energy Agency forecasts will grow at a ~10 % CAGR through 2030. Meanwhile, the H2 Industry’s dual-fuel technology aligns with the shipping industry’s shift toward IMO-2023 carbon-intensity targets, offering a potential cost-advantage as carbon pricing under the EU ETS rises.
Originally incorporated in 2003 as Euronav NV, the company rebranded to Cmb.Tech NV in October 2024 and remains a subsidiary of CMB NV, with its headquarters in Antwerp, Belgium.
For a deeper quantitative view, the ValueRay platform offers a granular breakdown of CMBT’s exposure to the evolving hydrogen market.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 164.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.11 > 0.02 and ΔFCF/TA -7.11 > 1.0 |
| NWC/Revenue: -17.32% < 20% (prev 12.02%; Δ -29.34% < -1%) |
| CFO/TA 0.04 > 3% & CFO 330.8m > Net Income 164.8m |
| Net Debt (5.53b) to EBITDA (764.8m): 7.24 < 3 |
| Current Ratio: 0.73 > 1.5 & < 3 |
| Outstanding Shares: last quarter (238.5m) vs 12m ago 22.80% < -2% |
| Gross Margin: 35.47% > 18% (prev 0.44%; Δ 3503 % > 0.5%) |
| Asset Turnover: 21.74% > 50% (prev 27.30%; Δ -5.57% > 0%) |
| Interest Coverage Ratio: 1.15 > 6 (EBITDA TTM 764.8m / Interest Expense TTM 377.9m) |
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 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) |
| Altman-Z'' Score: 0.75 = B |
Beneish M -2.62
| DSRI: 0.91 (Receivables 336.7m/280.6m, Revenue 1.30b/989.6m) |
| GMI: 1.25 (GM 35.47% / 44.26%) |
| AQI: 1.09 (AQ_t 0.05 / AQ_t-1 0.04) |
| SGI: 1.32 (Revenue 1.30b / 989.6m) |
| TATA: -0.02 (NI 164.8m - CFO 330.8m) / TA 8.37b) |
| Beneish M-Score: -2.62 (Cap -4..+1) = A |
ValueRay F-Score (Strict, 0-100) 42.96
| 1. Piotroski: 4.0pt |
| 2. FCF Yield: -11.12% |
| 3. FCF Margin: -71.68% |
| 4. Debt/Equity: 2.20 |
| 5. Debt/Ebitda: 7.24 |
| 6. ROIC - WACC: 2.38% |
| 7. RoE: 10.38% |
| 8. Revenue Trend: 62.08% |
| 9. EPS Trend: data missing |
What is the price of CMBT shares?
Over the past week, the price has changed by +6.94%, over one month by +26.28%, over three months by +33.99% and over the past year by +16.88%.
Is CMBT a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the CMBT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 12.4 | 1.6% |
| Analysts Target Price | 12.4 | 1.6% |
| ValueRay Target Price | 13.1 | 7.2% |
CMBT Fundamental Data Overview January 21, 2026
P/E Trailing = 13.8193
P/E Forward = 7.148
P/S = 2.61
P/B = 1.3063
P/EG = -3.43
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 = 8.40b EUR (2.87b + Debt 5.62b - CCE 81.9m)
Interest Coverage Ratio = 1.15 (Ebit TTM 435.1m / Interest Expense TTM 377.9m)
EV/FCF = -8.99x (Enterprise Value 8.40b / FCF TTM -934.1m)
FCF Yield = -11.12% (FCF TTM -934.1m / Enterprise Value 8.40b)
FCF Margin = -71.68% (FCF TTM -934.1m / 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 = 1.00 (Enterprise Value 8.40b / 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 = -5.92 (negative FCF - burning cash) (Net Debt 5.53b / FCF TTM -934.1m)
Total Stockholder Equity = 1.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.75% (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 = 4.15% (E(2.87b)/V(8.48b) * Re(8.60%) + D(5.62b)/V(8.48b) * Rd(1.97%) * (1-Tc(0.05)))
Discount Rate = 8.60% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow -934.1m)
Revenue Correlation: 62.08 | Revenue CAGR: 48.56% | SUE: N/A | # QB: 0
Additional Sources for CMBT Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle