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Reach Subsea OB:REACH Stock Report

Last Price

NOK 9.40

Market Cap

NOK 2.6b

7D

7.1%

1Y

112.2%

Updated

30 Oct, 2024

Data

Company Financials +

Reach Subsea ASA Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Reach Subsea
Historical stock prices
Current Share PriceNOK 9.40
52 Week HighNOK 10.65
52 Week LowNOK 4.03
Beta1.0
11 Month Change20.51%
3 Month Change3.07%
1 Year Change112.19%
33 Year Change219.73%
5 Year Change448.10%
Change since IPO-99.86%

Recent News & Updates

Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Sep 04
Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today

Aug 06
Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today

Recent updates

Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Sep 04
Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today

Aug 06
Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today

Subdued Growth No Barrier To Reach Subsea ASA (OB:REACH) With Shares Advancing 26%

Jun 26
Subdued Growth No Barrier To Reach Subsea ASA (OB:REACH) With Shares Advancing 26%

Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?

Jun 22
Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?

Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year

May 30
Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year

We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

May 24
We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36

Apr 25
Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36

Reach Subsea's (OB:REACH) Performance Is Even Better Than Its Earnings Suggest

Feb 22
Reach Subsea's (OB:REACH) Performance Is Even Better Than Its Earnings Suggest

Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36

Feb 17
Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36

Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast

Nov 13
Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast

News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts

Aug 27
News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts

Is Now The Time To Put Reach Subsea (OB:REACH) On Your Watchlist?

Aug 25
Is Now The Time To Put Reach Subsea (OB:REACH) On Your Watchlist?

With EPS Growth And More, Reach Subsea (OB:REACH) Is Interesting

Feb 08
With EPS Growth And More, Reach Subsea (OB:REACH) Is Interesting

The Trend Of High Returns At Reach Subsea (OB:REACH) Has Us Very Interested

Jul 20
The Trend Of High Returns At Reach Subsea (OB:REACH) Has Us Very Interested

Reach Subsea ASA's (OB:REACH) CEO Looks Due For A Compensation Raise

Jun 04
Reach Subsea ASA's (OB:REACH) CEO Looks Due For A Compensation Raise

We Discuss Why Reach Subsea ASA's (OB:REACH) CEO May Deserve A Higher Pay Packet

May 19
We Discuss Why Reach Subsea ASA's (OB:REACH) CEO May Deserve A Higher Pay Packet

Reach Subsea's (OB:REACH) Strong Earnings Are Of Good Quality

Apr 01
Reach Subsea's (OB:REACH) Strong Earnings Are Of Good Quality

Is Reach Subsea (OB:REACH) A Risky Investment?

Feb 24
Is Reach Subsea (OB:REACH) A Risky Investment?

Can Reach Subsea (OB:REACH) Continue To Grow Its Returns On Capital?

Jan 27
Can Reach Subsea (OB:REACH) Continue To Grow Its Returns On Capital?

Shareholder Returns

REACHNO Energy ServicesNO Market
7D7.1%-0.9%0.6%
1Y112.2%-2.3%2.6%

Return vs Industry: REACH exceeded the Norwegian Energy Services industry which returned -2.5% over the past year.

Return vs Market: REACH exceeded the Norwegian Market which returned 0.2% over the past year.

Price Volatility

Is REACH's price volatile compared to industry and market?
REACH volatility
REACH Average Weekly Movement6.9%
Energy Services Industry Average Movement5.5%
Market Average Movement5.0%
10% most volatile stocks in NO Market10.6%
10% least volatile stocks in NO Market2.7%

Stable Share Price: REACH has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: REACH's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1909400Jostein Alendalreachsubsea.no

Reach Subsea ASA provides subsea services in Norway and internationally. It operates in two segments, Oil & Gas and Renewable/Other. The company offers inspection, maintenance, and repair services, such as structural inspections, WROV operation, SCM changeout, scale squeeze operations, water injection, ready for operation, subsea equipment maintenance, repair, commissioning, and boulder clearance; and construction support services, including seabed intervention, boulder clearance, touchdown monitoring, and pre-lay and post- lay survey, as well as vessel, remotely operated vehicles, personnel, survey, and on demand engineering.

Reach Subsea ASA Fundamentals Summary

How do Reach Subsea's earnings and revenue compare to its market cap?
REACH fundamental statistics
Market capNOK 2.55b
Earnings (TTM)NOK 226.96m
Revenue (TTM)NOK 2.29b

11.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
REACH income statement (TTM)
RevenueNOK 2.29b
Cost of RevenueNOK 514.12m
Gross ProfitNOK 1.78b
Other ExpensesNOK 1.55b
EarningsNOK 226.96m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Nov 12, 2024

Earnings per share (EPS)0.84
Gross Margin77.59%
Net Profit Margin9.89%
Debt/Equity Ratio6.1%

How did REACH perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

42%

Payout Ratio