(CMBT) CMB.TECH - Overview
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 5.116m USD | Total Return: 92.6% in 12m
Avg Turnover: 22.0M
Qual. Beats: 0
Rev. Trend: 33.6%
Qual. Beats: 5
Warnings
Earnings expected to drop: P/E 10.1 → Forward 24.0
Share dilution 49.4% YoY
High Debt/EBITDA (5.3) with thin interest coverage (1.1)
High Debt while negative Cash Flow
Altman Z'' 1.05 < 1.0 - financial distress zone
Tailwinds
Rs(ibd) Leader, Tailwind, Confidence
CMB.TECH NV, formerly Euronav NV, is an Antwerp-based maritime company specializing in low-carbon marine transportation and hydrogen infrastructure. The company operates through three integrated segments: Marine, H2 Infra, and H2 Industry. Its fleet includes a diverse range of vessels, such as ammonia-powered bulk carriers and chemical tankers, supported by internal capabilities for green hydrogen and ammonia production and distribution.
The maritime sector is currently transitioning toward dual-fuel propulsion systems to comply with tightening international emissions regulations. CMB.TECH’s business model integrates fuel supply chains with vessel operations, reducing reliance on traditional heavy fuel oils through scalable industrial hydrogen applications. For a deeper look into these operational shifts, investors may find further data on ValueRay.
- Adoption of ammonia-powered vessel technology drives long-term fleet valuation and orders
- Global freight rates and maritime trade volumes dictate core shipping revenue
- Green hydrogen production costs and infrastructure scaling impact H2 division margins
- International Maritime Organization decarbonization mandates accelerate demand for dual-fuel vessels
- Transition from traditional crude transport to diversified low-carbon logistics shifts investor sentiment
| Net Income: 480.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA 6.58 > 1.0 |
| NWC/Revenue: -2.27% < 20% (prev -4.72%; Δ 2.45% < -1%) |
| CFO/TA 0.07 > 3% & CFO 620.1m > Net Income 480.9m |
| Net Debt (5.06b) to EBITDA (960.1m): 5.27 < 3 |
| Current Ratio: 0.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (290.2m) vs 12m ago 49.41% < -2% |
| Gross Margin: 35.80% > 18% (prev 0.38%; Δ 3.54k% > 0.5%) |
| Asset Turnover: 23.27% > 50% (prev 11.34%; Δ 11.93% > 0%) |
| Interest Coverage Ratio: 1.13 > 6 (EBITDA TTM 960.1m / Interest Expense TTM 452.2m) |
| A: -0.01 (Total Current Assets 779.3m - Total Current Liabilities 823.4m) / Total Assets 8.48b |
| B: 0.13 (Retained Earnings 1.06b / Total Assets 8.48b) |
| C: 0.06 (EBIT TTM 510.3m / Avg Total Assets 8.36b) |
| D: 0.26 (Book Value of Equity 1.41b / Total Liabilities 5.53b) |
| Altman-Z'' = 1.05 = BB |
| DSRI: 0.42 (Receivables 354.9m/402.8m, Revenue 1.94b/933.6m) |
| GMI: 1.06 (GM 35.80% / 38.06%) |
| AQI: 1.05 (AQ_t 0.05 / AQ_t-1 0.05) |
| SGI: 2.08 (Revenue 1.94b / 933.6m) |
| TATA: -0.02 (NI 480.9m - CFO 620.1m) / TA 8.48b) |
| Beneish M = -2.65 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at USD 16.85 with a total of 1,393,980 shares traded.
Over the past week, the price has changed by +12.78%,
over one month by +31.13%,
over three months by +16.74% and
over the past year by +92.58%.
CMB.TECH has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy CMBT.
- StrongBuy: 1
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 19 | 12.9% |
P/E Trailing = 10.1322
P/E Forward = 23.9808
P/S = 2.3415
P/B = 1.7028
P/EG = -3.43
Revenue TTM = 1.94b USD
EBIT TTM = 510.3m USD
EBITDA TTM = 960.1m USD
Long Term Debt = 4.69b USD (from longTermDebt, last quarter)
Short Term Debt = 555.4m USD (from shortTermDebt, last quarter)
Debt = 5.27b USD (from shortLongTermDebtTotal, last quarter) + Leases 6.23m
Net Debt = 5.06b USD (calculated: Debt 5.27b - CCE 203.4m)
Enterprise Value = 10.2b USD (5.12b + Debt 5.27b - CCE 203.4m)
Interest Coverage Ratio = 1.13 (Ebit TTM 510.3m / Interest Expense TTM 452.2m)
EV/FCF = -25.26x (Enterprise Value 10.2b / FCF TTM -402.9m)
FCF Yield = -3.96% (FCF TTM -402.9m / Enterprise Value 10.2b)
FCF Margin = -20.72% (FCF TTM -402.9m / Revenue TTM 1.94b)
Net Margin = 24.74% (Net Income TTM 480.9m / Revenue TTM 1.94b)
Gross Margin = 35.80% ((Revenue TTM 1.94b - Cost of Revenue TTM 1.25b) / Revenue TTM)
Gross Margin QoQ = 34.47% (prev 36.34%)
Tobins Q-Ratio = 1.20 (Enterprise Value 10.2b / Total Assets 8.48b)
Interest Expense / Debt = 8.59% (Interest Expense 452.2m / Debt 5.27b)
Taxrate = 0.32% (1.16m / 365.4m)
NOPAT = 508.7m (EBIT 510.3m * (1 - 0.32%))
Current Ratio = 0.95 (Total Current Assets 779.3m / Total Current Liabilities 823.4m)
Debt / Equity = 1.79 (Debt 5.27b / totalStockholderEquity, last quarter 2.95b)
Debt / EBITDA = 5.27 (Net Debt 5.06b / EBITDA 960.1m)
Debt / FCF = -12.56 (negative FCF - burning cash) (Net Debt 5.06b / FCF TTM -402.9m)
Total Stockholder Equity = 2.36b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.76% (Net Income 480.9m / Total Assets 8.48b)
RoE = 20.35% (Net Income TTM 480.9m / Total Stockholder Equity 2.36b)
RoCE = 7.24% (EBIT 510.3m / Capital Employed (Equity 2.36b + L.T.Debt 4.69b))
RoIC = 6.35% (NOPAT 508.7m / Invested Capital 8.01b)
WACC = 8.39% (E(5.12b)/V(10.4b) * Re(8.21%) + D(5.27b)/V(10.4b) * Rd(8.59%) * (1-Tc(0.00)))
Discount Rate = 8.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 31.03 | Cagr: 17.46%
[DCF] Fair Price = unknown (Cash Flow -402.9m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.09 | # QB: 0
Revenue Correlation: 33.56 | Revenue CAGR: 8.80% | SUE: 1.03 | # QB: 5
EPS current Quarter (2026-06-30): EPS=0.80 | Chg30d=+396.88% | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.41 | Chg30d=+62.00% | Revisions=+20% | Analysts=2
EPS current Year (2026-12-31): EPS=2.72 | Chg30d=+101.98% | Revisions=+20% | GrowthEPS=+4965.8% | GrowthRev=+21.5%
EPS next Year (2027-12-31): EPS=1.50 | Chg30d=+17.10% | Revisions=+33% | GrowthEPS=-45.0% | GrowthRev=-8.3%
[Analyst] Revisions Ratio: +33%