SUBC: Recent Contract Wins And Dividend Initiatives Will Drive Upside Momentum

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

26 Jan 25

Updated

15 Nov 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

3.2%

7D

1.5%

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1Y

3.2%

7D

1.5%

You can edit this narrative until Nov 16 5:10 AM. Then, changes will post as Updates.

Author's Valuation

NOK 228.5616.4% undervalued

AnalystConsensusTarget Fair Value

Shared on 15 Nov 25

Fair value Decreased 0.57%

SUBC: Major Contracts And Sector Shifts Will Drive Future Outperformance

Analysts have slightly reduced their fair value price target for Subsea 7 from NOK 229.88 to NOK 228.56. This change reflects updated expectations for growth and margin performance based on recent industry research.

Shared on 31 Oct 25

Analysts have modestly raised their average price target for Subsea 7, now forecasting NOK 229.88 per share. They note the company's stable outlook is supported by steady profit margins and a slight uptick in the discount rate.

Shared on 17 Oct 25

Fair value Increased 3.06%

Analysts have increased their fair value estimate for Subsea 7 from NOK 223.06 to NOK 229.88. This change reflects improved revenue growth forecasts and recent price target updates by several firms.

Shared on 03 Oct 25

Fair value Increased 2.24%

The analyst price target for Subsea 7 has increased from NOK 218.18 to NOK 223.06, reflecting analysts’ expectations for resilient performance and ongoing sector growth, even though some macroeconomic outlooks remain cautious. Analyst Commentary Recent Street research provides a nuanced view on Subsea 7's outlook, reflecting both confidence in the company's ongoing growth potential and caution about market dynamics.

Shared on 16 Sep 25

Fair value Decreased 1.24%

Analysts revised Subsea 7’s price target slightly lower to NOK218.18, citing macro uncertainty, elevated valuations, and share price strength prompting caution despite ongoing operational improvements and peer outperformance. Analyst Commentary Ongoing preference for oilfield services companies with self-help levers and superior growth prospects in the European market compared to exploration and production peers.

Shared on 06 May 25

Fair value Increased 0.19%

Shared on 01 May 25

Fair value Increased 0.21%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

Fair value Decreased 1.00%

Shared on 17 Apr 25

Fair value Increased 3.20%

AnalystConsensusTarget has increased revenue growth from 2.3% to 2.7%.

Shared on 09 Apr 25

Fair value Decreased 7.60%

AnalystConsensusTarget has decreased discount rate from 8.3% to 7.3%.

Shared on 02 Apr 25

Fair value Increased 7.74%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Increased 0.71%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 0.037%

AnalystConsensusTarget has increased revenue growth from 1.9% to 2.2%.

Shared on 12 Mar 25

Fair value Increased 877%

AnalystConsensusTarget has decreased revenue growth from 4.3% to 1.9%.

AnalystConsensusTarget Fair Value

NOK 228.56

16.4% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

3.12%

Energy Services revenue growth rate

0.12%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

6.65%

Calculation

US$501.31m

Earnings '28

x

15.90x

PE Ratio '28

=

US$7.97b

Market Cap '28

US$7.97b

Market Cap '28

/

290.19m

No. shares '28

=

US$27.46

Share Price '28

US$27.46 Share Price '28

Discounted to 2025 @ 6.67% p.a.

=

US$22.63

Fair Value '25

US$22.63 Fair Value '25

Converted to NOK @ 10.0943 USD/NOK Exchange Rate

=

NOK 228.43

Fair Value '25