SUBC Stock Analysis: Subsea 7 S.A. | OL
Oil & Gas Equipment & Services | OL, Norway | Market Cap: 95.395m NOK | 12M Return: 82.1% | LU0075646355 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 81.5M
EPS Trend: 90.6%
Qual. Beats: 1
Rev. Trend: 96.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Subsea 7 S.A. is a Luxembourg-based offshore energy services company that delivers subsea field development projects worldwide, covering the full lifecycle from project management, design, engineering, and procurement to fabrication, survey, installation, and commissioning of seabed production facilities tied back to platforms or shore. It also operates a fleet of remotely operated vehicles (ROVs) and tooling services that support exploration, production, and full life-of-field operations. The company is classified within the Oil & Gas Equipment & Services sub-industry of the energy sector, reflecting its role as a contractor rather than an upstream producer.
Beyond its core oil and gas work, Subsea 7 has expanded into offshore renewables-procuring and installing wind turbine foundations and inter-array cables, performing heavy lifting for renewable structures, and providing heavy transportation services. It also offers engineering and advisory services to clients in oil and gas, renewables, and utilities, positioning it at the intersection of traditional offshore energy and the energy transition. Diversification into renewables and adjacent services is a growing strategic focus for offshore contractors as oil majors pivot capex toward lower-carbon projects.
The company also provides deepwater engineering, procurement, installation, and commissioning (EPIC) of subsea oil and gas systems; fabrication, installation, and refurbishment of fixed and floating platforms and pipelines in shallow water; and inspection, repair, maintenance, and remote intervention services for subsea infrastructure. Notably, it has entered the carbon capture, utilization, and storage (CCUS) market, aligning with the broader offshore services industrys effort to repurpose subsea engineering expertise for decarbonization applications. Subsea 7 was incorporated in 1993 and is headquartered in Luxembourg, Luxembourg.
- Subsea backlog grows on offshore oil and gas project awards
- Offshore wind installation contracts expand renewables backlog
- Capital returns accelerate through dividends and share buybacks
| Net Income: 612.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.20 > 0.02 and ΔFCF/TA 10.42 > 1.0 |
| NWC/Revenue: 1.78% < 20% (prev -1.11%; Δ 2.89% < -1%) |
| CFO/TA 0.31 > 3% & CFO 2.58b > Net Income 612.9m |
| Net Debt (-682.7m) to EBITDA (1.64b): -0.42 < 3 |
| Current Ratio: 1.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (296.1m) vs 12m ago -0.36% < -2% |
| Gross Margin: 17.97% > 18% (prev 12.06%; Δ 5.90% > 0.5%) |
| Asset Turnover: 92.86% > 50% (prev 87.73%; Δ 5.13% > 0%) |
| Interest Coverage Ratio: 16.00 > 6 (EBIT TTM 968.3m / Interest Expense TTM 60.5m) |
| A: 0.02 (Total Current Assets 3.28b - Total Current Liabilities 3.14b) / Total Assets 8.23b |
| B: 0.22 (Retained Earnings 1.80b / Total Assets 8.23b) |
| C: 0.12 (EBIT TTM 968.3m / Avg Total Assets 8.10b) |
| D: 1.13 (Book Value of Equity 4.34b / Total Liabilities 3.85b) |
| Altman-Z'' = 2.81 = A |
| DSRI: 0.48 (Receivables 1.01b/1.95b, Revenue 7.52b/6.99b) |
| GMI: 0.67 (GM 12.06% / 17.97%) |
| AQI: 0.95 (AQ_t 0.10 / AQ_t-1 0.11) |
| SGI: 1.08 (Revenue 7.52b / 6.99b) |
| TATA: -0.24 (NI 612.9m - CFO 2.58b) / TA 8.23b) |
| Beneish M = -3.75 (Cap -4..+1) = AAA |
As of October 13, 2026, the stock is trading at NOK 341.00 with a total of 155,605 shares traded. Over the past week, the price has changed by +3.65%, over one month by +9.72%, over three months by +1.85% and over the past year by +82.08%.
Current recommended Stop Loss: 320.40 (which is 6% or 2.2 ATR below the current price).
Subsea 7 S.A. has no consensus analysts rating.
Market Cap USD = 9.96b (95.4b NOK * 0.10437 NOK.USD)
P/E Trailing = 15.8383
P/E Forward = 13.2802
P/S = 12.6893
P/B = 2.3086
P/EG = 0.1218
Revenue TTM = 7.52b USD
EBIT TTM = 968.3m USD
EBITDA TTM = 1.64b USD
Long Term Debt = 311.3m USD (from longTermDebt, last quarter)
Short Term Debt = 181.3m USD (from shortLongTermDebt, last quarter)
Debt = 363.1m USD (Leases only: 363.1m)
Net Debt = -682.7m USD (calculated: Debt 363.1m - CCE 1.05b)
Enterprise Value = 9.27b USD (9.96b + Debt 363.1m - CCE 1.05b)
Interest Coverage Ratio = 16.00 (Ebit TTM 968.3m / Interest Expense TTM 60.5m)
EV/FCF = 5.62x (Enterprise Value 9.27b / FCF TTM 1.65b)
FCF Yield = 17.79% (FCF TTM 1.65b / Enterprise Value 9.27b)
FCF Margin = 21.95% (FCF TTM 1.65b / Revenue TTM 7.52b)
Net Margin = 8.15% (Net Income TTM 612.9m / Revenue TTM 7.52b)
Gross Margin = 17.97% ((Revenue TTM 7.52b - Cost of Revenue TTM 6.17b) / Revenue TTM)
Gross Margin QoQ = 20.85% (prev 16.24%)
Tobins Q-Ratio = 1.13 (Enterprise Value 9.27b / Total Assets 8.23b)
Interest Expense / Debt = 16.66% (Interest Expense 60.5m / Debt 363.1m)
Taxrate = 31.06% (273.7m / 881.2m)
NOPAT = 667.5m (EBIT 968.3m * (1 - 31.06%))
Current Ratio = 1.04 (Total Current Assets 3.28b / Total Current Liabilities 3.14b)
Debt / Equity = 0.08 (Debt 363.1m / totalStockholderEquity, last quarter 4.34b)
Debt / EBITDA = -0.42 (Net Debt -682.7m / EBITDA 1.64b)
Debt / FCF = -0.41 (Net Debt -682.7m / FCF TTM 1.65b)
Total Stockholder Equity = 4.38b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.57% (Net Income 612.9m / Total Assets 8.23b)
RoE = 14.00% (Net Income TTM 612.9m / Total Stockholder Equity 4.38b)
RoCE = 20.65% (EBIT 968.3m / Capital Employed (Equity 4.38b + L.T.Debt 311.3m))
RoIC = 14.18% (NOPAT 667.5m / Invested Capital 4.71b)
WACC = 8.92% (E(9.96b)/V(10.3b) * Re(8.83%) + D(363.1m)/V(10.3b) * Rd(16.66%) * (1-Tc(0.31)))
Discount Rate = 8.83% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -86.44 | Cagr: -0.52%
[DCF] Terminal Value 76.13% ; FCFF base≈1.30b ; Y1≈1.49b ; Y5≈2.19b
[DCF] Fair Price = 103.0 (EV 29.9b - Net Debt -682.7m = Equity 30.6b / Shares 297.0m; r=8.92% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 90.59 | EPS CAGR: 212.3% | SUE: 3.48 | # QB: 1
Revenue Correlation: 96.67 | Revenue CAGR: 9.88% | SUE: 0.00 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.72 | Chg30d=+0.00% | Revisions=+50% | Analysts=5
EPS current Year (2026-12-31): EPS=2.52 | Chg30d=+0.00% | Revisions=+77% | GrowthEPS=+74.1% | GrowthRev=+8.8%
EPS next Year (2027-12-31): EPS=2.64 | Chg30d=+0.00% | Revisions=+77% | GrowthEPS=+4.5% | GrowthRev=+1.6%
[Analyst] Revisions Ratio: +88% (up=23, down=0)