Ankündigung • Aug 12
SBM Offshore N.V. to Report Q2, 2026 Final Results on Aug 05, 2027 SBM Offshore N.V. announced that they will report Q2, 2026 final results on Aug 05, 2027 Reported Earnings • Aug 09
First half 2026 earnings released: EPS: US$1.93 (vs US$1.85 in 1H 2025) First half 2026 results: EPS: US$1.93 (up from US$1.85 in 1H 2025). Revenue: US$2.79b (down 1.9% from 1H 2025). Net income: US$325.0m (flat on 1H 2025). Profit margin: 12% (in line with 1H 2025). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 33% per year. Ankündigung • Aug 08
Sbm Offshore Declares Interim Cash Dividend, Payable on September 3, 2026 SBM Offshore announced an interim cash dividend of EUR 0.5075 per ordinary share for the first half of 2026. The total distribution amounts to approximately EUR 84.3 million, equivalent to USD 100 million. The dividend will be paid on September 3, 2026, to shareholders of record as of August 11, 2026. The shares will trade ex-dividend from August 10, 2026. Ankündigung • Apr 17
SBM Offshore N.V., Annual General Meeting, Apr 07, 2027 SBM Offshore N.V., Annual General Meeting, Apr 07, 2027. Ankündigung • Nov 13
SBM Offshore N.V. Maintains Earnings Guidance for the Full Year of 2025 SBM Offshore N.V. maintained earnings guidance for the full year of 2025. For the year, the company announces directional revenue guidance is unchanged at above USD 5.0 billion of which around USD 2.3 billion (from above USD 2.2 billion) is expected from the Lease and Operate segment and around USD 2.8 billion (maintained) from the Turnkey segment. Ankündigung • May 15
Sbsbm Offshore N.V. Maintains Earnings Guidance for the Year 2025 SBM Offshore N.V. maintained earnings guidance for the year 2025. The company’s 2025 Directional revenue guidance is maintained at above USD 4.9 billion of which above USD 2.2 billion is expected from the Lease and Operate segment and around USD 2.7 billion from the Turnkey segment. Ankündigung • Apr 11
SBM Offshore N.V., Annual General Meeting, Apr 15, 2026 SBM Offshore N.V., Annual General Meeting, Apr 15, 2026. Ankündigung • Apr 10
SBM Offshore N.V. Approves Dividend, Payable on May 6, 2025 SBM Offshore N.V. at its AGM of April 9, 2025 adopted and shareholders also voted in favor of the proposed cash dividend of EUR150 million, which represents a dividend distribution of EUR 0.8606 per ordinary share. The cash dividend is payable on May 6, 2025 to all shareholders of record as at April 14, 2025 through the bank or broker administering the shares. Ankündigung • Feb 20
SBM Offshore N.V. to Report Fiscal Year 2025 Results on Feb 26, 2026 SBM Offshore N.V. announced that they will report fiscal year 2025 results on Feb 26, 2026 Ankündigung • Oct 25
China Merchants Financial Leasing (Hong Kong) Holding Co. Limited completed the acquisition of 13.50% stake in FPSO Sepetiba from SBM Offshore N.V. (ENXTAM:SBMO). China Merchants Financial Leasing (Hong Kong) Holding Co. Limited agreed to acquire 13.50% stake in FPSO Sepetiba from SBM Offshore N.V. (ENXTAM:SBMO) on February 10, 2022. Upon completion, SBM Offshore is operator of the FPSO and will remain the majority shareholder with 51% ownership interest. The transaction remains subject to various approvals.
China Merchants Financial Leasing (Hong Kong) Holding Co. Limited completed the acquisition of 13.50% stake in FPSO Sepetiba from SBM Offshore N.V. (ENXTAM:SBMO) on October 24, 2022. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €16.34, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Energy Services industry in Europe. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.93 per share. Buy Or Sell Opportunity • Aug 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €16.15. The fair value is estimated to be €13.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.7%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are forecast to decline by 5.6% per annum over the same time period. Reported Earnings • Aug 13
First half 2024 earnings released: EPS: US$0.65 (vs US$1.00 in 1H 2023) First half 2024 results: EPS: US$0.65 (down from US$1.00 in 1H 2023). Revenue: US$2.22b (down 9.4% from 1H 2023). Net income: US$116.0m (down 35% from 1H 2023). Profit margin: 5.2% (down from 7.3% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Ankündigung • Aug 09
SBM Offshore N.V. to Report First Half, 2024 Results on Aug 07, 2025 SBM Offshore N.V. announced that they will report first half, 2024 results on Aug 07, 2025 Ankündigung • Apr 13
SBM Offshore N.V., Annual General Meeting, Apr 09, 2025 SBM Offshore N.V., Annual General Meeting, Apr 09, 2025. Upcoming Dividend • Apr 09
Upcoming dividend of US$0.83 per share Eligible shareholders must have bought the stock before 16 April 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.4%). Declared Dividend • Mar 03
Dividend of US$0.83 announced Shareholders will receive a dividend of US$0.83. Ex-date: 16th April 2024 Payment date: 1st January 1970 Dividend yield will be 6.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 23% per year over the past 8 years and payments have been stable during that time. EPS is expected to decline by 45% over the next 3 years. Since a fall of 34% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. New Risk • Mar 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 17% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (€1.3m sold). Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: US$2.74 (vs US$2.53 in FY 2022) Full year 2023 results: EPS: US$2.74 (up from US$2.53 in FY 2022). Revenue: US$4.96b (up 1.0% from FY 2022). Net income: US$491.0m (up 9.1% from FY 2022). Profit margin: 9.9% (in line with FY 2022). Revenue is expected to decline by 5.8% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Feb 29
SBM Offshore N.V. to Report Fiscal Year 2024 Results on Feb 20, 2025 SBM Offshore N.V. announced that they will report fiscal year 2024 results on Feb 20, 2025 Ankündigung • Feb 13
SBM Offshore N.V. Announces Retirement of Jaap Van Wiechen as Supervisory Board Member SBM Offshore announced that Jaap van Wiechen will reach the end of the first four-year term as Supervisory Board member at the Annual General Meeting of April 12, 2024 (AGM). He has decided not to seek a second mandate. Recent Insider Transactions • Jan 09
Chairman of Management Board & CEO recently sold €683k worth of stock On the 3rd of January, Bruno Y. Chabas sold around 54k shares on-market at roughly €12.65 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Bruno Y.'s only on-market trade for the last 12 months. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.7% net profit margin). Ankündigung • Nov 10
SBM Offshore Revises Earnings Guidance for the Year 2023 SBM Offshore revised earnings guidance for the year 2023. The company now expects 2023 Directional revenue to be above $2.9 billion to around $4.4 billion of which, unchanged, around $1.9 billion is expected from Lease and Operate and around $2.5 billion is expected from Turnkey compared to above $1 billion in the previous guidance. Reported Earnings • Aug 14
First half 2023 earnings released: EPS: US$1.00 (vs US$1.67 in 1H 2022) First half 2023 results: EPS: US$1.00 (down from US$1.67 in 1H 2022). Revenue: US$2.45b (up 1.8% from 1H 2022). Net income: US$179.0m (down 40% from 1H 2022). Profit margin: 7.3% (down from 12% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 6.3% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Aug 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.7% net profit margin). Ankündigung • Aug 10
SBM Offshore N.V. Maintains Earnings Guidance for the Year 2023 SBM Offshore N.V. maintained earnings guidance for the year 2023. The company’s 2023 Directional revenue guidance is maintained at above $2.9 billion of which around $1.9 billion is expected from the Lease and Operate segment and above $1 billion from the Turnkey segment. 2023 Directional EBITDA guidance is maintained above $1 billion. This guidance considers the currently foreseen impacts from the war between Russia and Ukraine on projects and fleet operations. The Company highlights that the direct and indirect effects from this event could continue to have a material impact on the Company’s business and results and the realization of the guidance for 2023. Upcoming Dividend • Apr 10
Upcoming dividend of US$1.10 per share at 7.3% yield Eligible shareholders must have bought the stock before 17 April 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 7.3%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.2%). Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$2.53 (vs US$2.18 in FY 2021) Full year 2022 results: EPS: US$2.53 (up from US$2.18 in FY 2021). Revenue: US$4.91b (up 31% from FY 2021). Net income: US$450.0m (up 13% from FY 2021). Profit margin: 9.2% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 5.9%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 06
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down US$148.0m from profit in 1H 2021). Profit margin: (down from 9.5% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 32% compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Ankündigung • Aug 05
SBM Offshore N.V. to Report Q2, 2023 Results on Aug 10, 2023 SBM Offshore N.V. announced that they will report Q2, 2023 results on Aug 10, 2023 Upcoming Dividend • Apr 01
Upcoming dividend of US$1.00 per share Eligible shareholders must have bought the stock before 08 April 2022. Payment date: 04 May 2022. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 6.3%. Within top quartile of German dividend payers (3.7%). Higher than average of industry peers (3.5%). Reported Earnings • Feb 11
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$2.18 (up from US$1.01 in FY 2020). Revenue: US$3.75b (up 7.2% from FY 2020). Net income: US$400.0m (up 109% from FY 2020). Profit margin: 11% (up from 5.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Over the next year, revenue is expected to shrink by 27% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Feb 10
SBM Offshore N.V. to Report Fiscal Year 2022 Results on Feb 23, 2023 SBM Offshore N.V. announced that they will report fiscal year 2022 results on Feb 23, 2023 Recent Insider Transactions • Jan 08
Chairman of Management Board & CEO recently sold €684k worth of stock On the 5th of January, Bruno Y. Chabas sold around 51k shares on-market at roughly €13.36 per share. This was the largest sale by an insider in the last 3 months. This was Bruno Y.'s only on-market trade for the last 12 months. Reported Earnings • Aug 09
First half 2021 earnings released: EPS US$0.79 (vs US$0.52 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: US$1.56b (down 2.3% from 1H 2020). Net income: US$148.0m (up 51% from 1H 2020). Profit margin: 9.5% (up from 6.2% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Executive Departure • Apr 14
Independent Member of Supervisory Board has left the company On the 7th of April, Laurence B. L. Mulliez's tenure as Independent Member of Supervisory Board ended after 6.0 years in the role. We don't have any record of a personal shareholding under Laurence B. L.'s name. A total of 2 executives have left over the last 12 months. Upcoming Dividend • Apr 02
Upcoming dividend of US$0.89 per share Eligible shareholders must have bought the stock before 09 April 2021. Payment date: 06 May 2021. Trailing yield: 4.8%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.2%). Ankündigung • Feb 25
SBM Offshore Awards Letter of Intent for FPSO Almirante Tamandaré Lease and Operate Contract by Petrobras SBM Offshore announced that it has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 26.25 years lease and operate contract for the FPSO Almirante Tamandaré, to be deployed at the Búzios field in the Santos Basin approximately 180 kilometers offshore Rio de Janeiro in Brazil. Under the contract, SBM Offshore is responsible for the engineering, procurement, construction, installation and operation of the FPSO. SBM Offshore will design and construct the FPSO Almirante Tamandaré using its industry leading Fast4Ward® program as it incorporates the Company’s new build, Multi-Purpose Floater (MPF) hull combined with several standardized topsides modules. SBM Offshore’s fourth Fast4Ward® MPF hull has been allocated to this project. The FPSO will be the largest oil producing unit operating offshore Brazil and one of the largest in the world, with daily processing capacity of 225,000 barrels of oil and 12 million m3 of gas. Furthermore, the FPSO will have a water injection capacity of 250,000 barrels per day and a minimum storage capacity of 1.4 million barrels of crude oil. The FPSO will be spread moored in approximately 2,000 meters water depth. Delivery of the FPSO is expected in the second half of 2024. Recent Insider Transactions • Feb 14
COO & Member of Management Board recently sold €1.6m worth of stock On the 11th of February, Philippe Barril sold around 112k shares on-market at roughly €14.73 per share. This was the largest sale by an insider in the last 3 months. Philippe has been a seller over the last 12 months, reducing personal holdings by €2.2m. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS US$1.01 (vs US$1.84 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$3.50b (up 3.1% from FY 2019). Net income: US$191.0m (down 48% from FY 2019). Profit margin: 5.5% (down from 11% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 02
New 90-day low: €14.10 The company is down 4.0% from its price of €14.65 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €55.04 per share. Recent Insider Transactions • Jan 09
Chairman of Management Board & CEO recently sold €804k worth of stock On the 5th of January, Bruno Y. Chabas sold around 51k shares on-market at roughly €15.79 per share. This was the largest sale by an insider in the last 3 months. Bruno Y. has been a seller over the last 12 months, reducing personal holdings by €1.9m. Recent Insider Transactions • Nov 15
Chairman of Management Board & CEO recently sold €138k worth of stock On the 12th of November, Bruno Y. Chabas sold around 9k shares on-market at roughly €15.52 per share. This was the largest sale by an insider in the last 3 months. Bruno Y. has been a seller over the last 12 months, reducing personal holdings by €1.8m. Is New 90 Day High Low • Nov 12
New 90-day high: €15.39 The company is up 6.0% from its price of €14.51 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €48.44 per share. 
