Subsea 7（SOC）株式概要Subsea 7 S.A.は、世界中のエネルギー産業向けにオフショアプロジェクトとサービスを提供している。 詳細SOC ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長1/6過去の実績5/6財務の健全性5/6配当金3/6報酬当社が推定した公正価値より49.5%で取引されている 収益は年間10%増加すると予測されています 過去1年間で収益は154.8%増加しました リスク分析不安定な配当実績 すべてのリスクチェックを見るSOC Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€28.3223.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-1b8b2016201920222025202620282031Revenue US$7.8bEarnings US$526.4mAdvancedSet Fair ValueView all narrativesSubsea 7 S.A. 競合他社SaipemSymbol: BIT:SPMMarket cap: €8.0bTechnip EnergiesSymbol: ENXTPA:TEMarket cap: €6.2bNOVSymbol: NYSE:NOVMarket cap: US$7.3bWeatherford InternationalSymbol: NasdaqGS:WFRDMarket cap: US$7.5b価格と性能株価の高値、安値、推移の概要Subsea 7過去の株価現在の株価NOK 28.3252週高値NOK 32.0052週安値NOK 14.96ベータ0.601ヶ月の変化-5.60%3ヶ月変化20.61%1年変化89.30%3年間の変化192.80%5年間の変化225.37%IPOからの変化620.61%最新ニュースお知らせ • May 15+ 1 more updateSubsea 7 S.A. Announces Election of John Evans to the Board of DirectorsSubsea 7 S.A. announced the election of John Evans to the Board of Directors of Subsea 7 S.A. at the 2026 annual general meeting of shareholders. John will serve as an Executive Director on the Board of Directors of Subsea 7 S.A. until his retirement from his position of CEO on June 30, 2026 and will continue as a Non-Executive Director thereafter.お知らせ • May 03Subsea 7 S.A. Raises Earnings Guidance for the Full Year 2026Subsea 7 S.A. raised earnings guidance for the full year 2026. For the year, the company anticipated revenue this year which is expected to be between $7.4 and 7.8 billion (previously between $7.0 and $7.4 billion).お知らせ • Mar 05Subsea7 Announces CEO SuccessionSubsea7 announced that John Evans will retire from his position as CEO on the 30 June 2026 and will be succeeded from 1 July 2026 by Stuart Fitzgerald who is currently CEO of Seaway7, part of the Subsea7 Group. John has worked for Subsea7 and its predecessor companies for 40 years. He was COO of Subsea7 for 14 years and has been CEO of Subsea7 since 2020. Stuart has been CEO of Seaway7 since 2022. He joined Subsea7 in 1998 and has held a number of senior management positions including EVP Commercial and EVP Strategy and Alliances.お知らせ • Feb 27Subsea 7 S.A. Reports Asset Impairments for the Fourth Quarter Ended December 31, 2025Subsea 7 S.A. reported asset impairments for the fourth quarter ended December 31, 2025. For the period, goodwill impairment charges of $17. 6 million (Q4 2024: $6.2 million) were recognized in the Condensed Consolidated Income Statement within operating expenses. Impairment charges of $10.1 million related to property, plant and equipment (Q4 2024: $14.2 million), $2.1 million related to intangible assets (Q4 2024: $1.6 million), and $1.4 million related to right -of-use assets (Q4 2024: nil) were also recognized in the Condensed Consolidated Income Statement.お知らせ • Feb 26+ 1 more updateSubsea 7 S.A. Reaffirms Earnings Guidance for the Year 2026Subsea 7 S.A. reaffirmed earnings guidance for the year 2026. Guidance for full year 2026 reaffirmed, with revenue expected to be within a range of $7.0 billion to $7.4 billion.お知らせ • Dec 15Subsea 7 S.A., Annual General Meeting, May 12, 2026Subsea 7 S.A., Annual General Meeting, May 12, 2026.最新情報をもっと見るRecent updatesお知らせ • May 15+ 1 more updateSubsea 7 S.A. Announces Election of John Evans to the Board of DirectorsSubsea 7 S.A. announced the election of John Evans to the Board of Directors of Subsea 7 S.A. at the 2026 annual general meeting of shareholders. John will serve as an Executive Director on the Board of Directors of Subsea 7 S.A. until his retirement from his position of CEO on June 30, 2026 and will continue as a Non-Executive Director thereafter.お知らせ • May 03Subsea 7 S.A. Raises Earnings Guidance for the Full Year 2026Subsea 7 S.A. raised earnings guidance for the full year 2026. For the year, the company anticipated revenue this year which is expected to be between $7.4 and 7.8 billion (previously between $7.0 and $7.4 billion).お知らせ • Mar 05Subsea7 Announces CEO SuccessionSubsea7 announced that John Evans will retire from his position as CEO on the 30 June 2026 and will be succeeded from 1 July 2026 by Stuart Fitzgerald who is currently CEO of Seaway7, part of the Subsea7 Group. John has worked for Subsea7 and its predecessor companies for 40 years. He was COO of Subsea7 for 14 years and has been CEO of Subsea7 since 2020. Stuart has been CEO of Seaway7 since 2022. He joined Subsea7 in 1998 and has held a number of senior management positions including EVP Commercial and EVP Strategy and Alliances.お知らせ • Feb 27Subsea 7 S.A. Reports Asset Impairments for the Fourth Quarter Ended December 31, 2025Subsea 7 S.A. reported asset impairments for the fourth quarter ended December 31, 2025. For the period, goodwill impairment charges of $17. 6 million (Q4 2024: $6.2 million) were recognized in the Condensed Consolidated Income Statement within operating expenses. Impairment charges of $10.1 million related to property, plant and equipment (Q4 2024: $14.2 million), $2.1 million related to intangible assets (Q4 2024: $1.6 million), and $1.4 million related to right -of-use assets (Q4 2024: nil) were also recognized in the Condensed Consolidated Income Statement.お知らせ • Feb 26+ 1 more updateSubsea 7 S.A. Reaffirms Earnings Guidance for the Year 2026Subsea 7 S.A. reaffirmed earnings guidance for the year 2026. Guidance for full year 2026 reaffirmed, with revenue expected to be within a range of $7.0 billion to $7.4 billion.お知らせ • Dec 15Subsea 7 S.A., Annual General Meeting, May 12, 2026Subsea 7 S.A., Annual General Meeting, May 12, 2026.お知らせ • Dec 12+ 3 more updatesSubsea 7 S.A. to Report Fiscal Year 2025 Final Results on Mar 20, 2026Subsea 7 S.A. announced that they will report fiscal year 2025 final results on Mar 20, 2026お知らせ • Nov 21Subsea 7 S.A. Revises Earnings Guidance for the Full Year of 2025 and Provides Earnings Guidance for the Year 2026Subsea 7 S.A. revised earnings guidance for the full year 2025 and provides earnings guidance for the year 2026. For the full year, revenue is expected to be in a range between $6.9 billion and $7.1 billion while margins are expected to be between 20% and 21% . For the year 2026, The company expects revenue to be within a range of $7.0 billion to $7.4 billion.お知らせ • Sep 26+ 1 more updateSubsea 7 S.A. Declares Special DividendSubsea 7 S.A. at the extraordinary general meeting of shareholders on 25 September 2025, the company approved a special dividend of 105 million, equating to approximately NOK 4.15 per share. This distribution is related to a permitted business divestment in accordance with the merger agreement with Saipem. The distribution is expected to be paid after closing of the relevant transaction or (if earlier) immediately before the proposed merger effective date.お知らせ • Jul 24+ 1 more updateSubsea 7 S.A. Proposes Special DividendSubsea 7 S.A. at its extraordinary general meeting of shareholders to be held on 25 September 2025, proposed to distribute a special dividend of EUR 105 million, equating to approximately NOK 4.15 per share, as at 24 July 2025. This distribution is related to a permitted business divestment in accordance with the merger agreement with Saipem SpA. The distribution is expected to be paid after closing of the relevant transaction or (if earlier) immediately before the proposed merger effective date. The key dates relating to proposed dividend shall be published as soon as these dates are fixed.お知らせ • May 10Subsea 7 S.A. Announces Changes to Its Board, Effective ImmediatelySubsea 7 S.A. announced the election of Lucia Andrade as a Non-Executive Director at the 2025 annual general meeting of shareholders (AGM) and the decision of Jean Cahuzac to retire from his position as Non-Executive Director with immediate effect. Jean has served on the Board since 2008 and was also CEO of Subsea7 until December 31, 2019. Jean was a member of the Compensation Committee and the Tender Committee, and changes to committee memberships will be discussed at the next meeting of the Board later this month.お知らせ • May 09Subsea 7 S.A. Approves Cash Dividend in Two Instalments, Payable in May 22, 2025 and November 6, 2025, RespectivelySubsea 7 S.A. at its AGM held on 8 May 2025, the allocation of results of the Company for the fiscal year ended 31 December 2024, including the payment of a dividend in the amount of NOK 13.00 per common share, to be paid in two equal instalments on 22 May 2025 and 6 November 2025.お知らせ • Mar 22Subsea 7 S.A. to Report Q4, 2025 Results on Feb 26, 2026Subsea 7 S.A. announced that they will report Q4, 2025 results on Feb 26, 2026お知らせ • Feb 28Subsea 7 S.A. Proposes Cash Dividend in Two Instalments, Payable in May and November 2025 RespectivelyAt the Annual General Meeting on 8 May 2025, the Board of Directors of Subsea 7 S.A. will propose that shareholders approve a cash dividend of NOK 13.00 per share, equating to approximately $350 million, payable in two equal instalments in May and November 2025. This represents a year-on-year increase of 40% in returns to shareholders and is equivalent to an approximate yield of 7% related to the cash dividend.お知らせ • Feb 24Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion.Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion on February 23, 2025. Subsea7 shareholders will receive 6.688 Saipem shares for each Subsea7 share held. Subsea7 will distribute an extraordinary dividend for an amount equal to €450 million immediately prior to completion. Transaction expected to deliver material value creation for the shareholders of both Saipem and Subsea7. Annual synergies of approximately €300 million are expected to be achieved in the third year after completion, with one-off costs to achieve such synergies of approximately €270 million. The combination of Saipem and Subsea7 (the “Combined Company”) will be renamed Saipem7, and will have a combined backlog of €43 billion, Revenue of approx. €20 billion and EBITDA in excess of €2 billion. As part of this, it is intended that the Combined Company’s Chairman will be designated by Siem Industries and that the Combined Company’s CEO will be designated by CDP Equity and Eni. Siem Industries (being the largest shareholder of Subsea7) would then own approximately 11.9% of the Combined Company’s capital, while Eni and CDP Equity (being the largest shareholders of Saipem) would own approximately 10.6% and approximately 6.4%, respectively. Assuming all Subsea7 shareholders participate in the merger, the share capital of the Combined Company will be held 50-50% by the current shareholders of Saipem and Subsea7. The entering into and signing of binding definitive documents in mid-2025 in respect of the Proposed Combination is conditional, inter alia, on the successful completion of confirmatory due diligence by the parties, the execution of a mutually satisfactory merger agreement and the approval of the final terms of the Proposed Combination by the Board of Directors of Saipem and Subsea7. The parties will also engage with the relevant works council consultations required by the applicable laws. Moreover, completion of the Proposed Combination will be subject to customary conditions precedent for a transaction of this nature, including, inter alia, approval by the shareholders’ meetings of both Saipem and Subsea7, the former to be also passed with the so-called whitewash majorities for the purposes of the mandatory takeover bid exemption13 , and obtaining the required Italian government approval and customary regulatory clearances. The MoU also provides for termination rights for each of Saipem and Subsea7. Completion anticipated to occur in the second half of 2026. Goldman Sachs International is acting as lead financial advisor to Saipem, and Deutsche Bank AG, Milan Branch as financial advisor to Saipem. Clifford Chance LLP is serving as global legal counsel to Saipem in particular as to matters of Italian, English, US and Luxembourg law, while Advokatfirmaet Thommessen AS is serving as legal counsel to Saipem as to matters of Norwegian law. Kirk Lovegrove & Company Limited is acting as lead financial advisor and Deloitte LLP is acting as financial advisor to Subsea7. Freshfields LLP is serving as global legal counsel to Subsea7 (including as to matters of Italian, US and English Law), while Elvinger Hoss Prussen S.A. and Advokatfirmaet Wiersholm AS are serving as legal counsels as to matters of Luxembourg and Norwegian law, respectively.お知らせ • Dec 04Subsea 7 S.A., Annual General Meeting, May 08, 2025Subsea 7 S.A., Annual General Meeting, May 08, 2025.お知らせ • Dec 03Subsea 7 S.A. to Report Fiscal Year 2024 Final Results on Mar 21, 2025Subsea 7 S.A. announced that they will report fiscal year 2024 final results on Mar 21, 2025お知らせ • Nov 21Subsea 7 S.A. Provides Earnings Guidance for the Full Year of 2025Subsea 7 S.A. provided earnings guidance for the full year of 2025. For the year, the company expects revenue to be between $6.8 billion and $7.2 billion.Upcoming Dividend • Oct 23Upcoming dividend of kr3.00 per shareEligible shareholders must have bought the stock before 30 October 2024. Payment date: 07 November 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.2%).Recent Insider Transactions • Oct 02Non-Executive Director recently sold €472k worth of stockOn the 27th of September, Jean Cahuzac sold around 33k shares on-market at roughly €14.51 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months.お知らせ • Sep 25+ 2 more updatesSubsea 7 S.A. to Report Q3, 2025 Results on Nov 20, 2025Subsea 7 S.A. announced that they will report Q3, 2025 results on Nov 20, 2025Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: US$0.20 (vs US$0.061 in 2Q 2023)Second quarter 2024 results: EPS: US$0.20 (up from US$0.061 in 2Q 2023). Revenue: US$1.74b (up 15% from 2Q 2023). Net income: US$59.1m (up 225% from 2Q 2023). Profit margin: 3.4% (up from 1.2% in 2Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 25Subsea 7 S.A. Revises Earnings Guidance for the Full Year 2024Subsea 7 S.A. revised earnings guidance for the full year 2024. For the year, the company expects revenue to be in a range from $6.5 billion to $6.8 billion (previously $6.0 billion to $6.5 billion).Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Elisabeth Van Heeswijk was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Jun 09Non-Executive Director recently sold €1.2m worth of stockOn the 4th of June, Jean Cahuzac sold around 75k shares on-market at roughly €15.97 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.4m more than they bought in the last 12 months.お知らせ • May 03Subsea 7 S.A. Approves Payment of DividendSubsea 7 S.A. announced that, at the 2024 annual general meeting of shareholders on 2 May 2024, all resolutions were approved, including the payment of a dividend of NOK 6.00 per common share, to be paid in two equal instalments.Upcoming Dividend • Apr 29Upcoming dividend of kr3.00 per shareEligible shareholders must have bought the stock before 06 May 2024. Payment date: 14 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.7%).お知らせ • Apr 27Subsea 7 S.A. Provides Revenue Guidance for Full Year 2024Subsea 7 S.A. provided revenue guidance for full year 2024. For full year 2024 company continue to expect revenue between $6.0 billion and $6.5 billion.Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: US$0.09 (vs US$0.068 loss in 1Q 2023)First quarter 2024 results: EPS: US$0.09 (up from US$0.068 loss in 1Q 2023). Revenue: US$1.40b (up 12% from 1Q 2023). Net income: US$27.0m (up US$46.9m from 1Q 2023). Profit margin: 1.9% (up from net loss in 1Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.New Risk • Mar 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 46% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 11x earnings per share. Cash payout ratio: 212% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).お知らせ • Mar 24Subsea 7 S.A. to Report Q4, 2024 Results on Feb 27, 2025Subsea 7 S.A. announced that they will report Q4, 2024 results on Feb 27, 2025Reported Earnings • Mar 01Full year 2023 earnings released: EPS: US$0.05 (vs US$0.20 in FY 2022)Full year 2023 results: EPS: US$0.05 (down from US$0.20 in FY 2022). Revenue: US$5.97b (up 16% from FY 2022). Net income: US$15.4m (down 73% from FY 2022). Profit margin: 0.3% (down from 1.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 140% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 01Subsea 7 S.A. Proposes Cash Dividend to Be Paid in Two Instalments, Payable on May 14, 2024 November 7, 2024 RespectivelySubsea 7 S.A. announced that its Board of Directors will recommend to the shareholders at the Annual General Meeting of the Company to be held on 2 May 2024 (the AGM) that a dividend of NOK 6.00 per share be paid, in two instalments, equivalent to a total dividend of approximately USD 170 million. Key information relating to the first instalment of the cash dividend to be paid by Subsea 7 S.A. Dividend amount: 3.00 per share, Announced currency: NOK, Last day including right: 3 May 2024, Ex-date: 6 May 2024, Record date: 7 May 2024, Payment date: 14 May 2024, Approval date: the proposed cash dividend is subject to approval at the AGM. Key information relating to the second instalment of the cash dividend to be paid by Subsea 7 S.A. Dividend amount: 3.00 per share, Announced currency: NOK, Last day including right: 29 October 2024, Ex-date: 30 October 2024, Record date: 31 October 2024, Payment date: 7 November 2024, Approval date: the proposed cash dividend is subject to approval at the AGM.お知らせ • Dec 14+ 4 more updatesSubsea 7 S.A. to Report First Half, 2024 Results on Jul 25, 2024Subsea 7 S.A. announced that they will report first half, 2024 results on Jul 25, 2024Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: US$0.11 (vs US$0.011 in 3Q 2022)Third quarter 2023 results: EPS: US$0.11 (up from US$0.011 in 3Q 2022). Revenue: US$1.58b (up 12% from 3Q 2022). Net income: US$34.4m (up US$31.2m from 3Q 2022). Profit margin: 2.2% (up from 0.2% in 3Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.New Risk • Jul 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.5% Last year net profit margin: 1.3% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Shareholders have been diluted in the past year (3.5% increase in shares outstanding).Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: US$0.06 (vs US$0.14 in 2Q 2022)Second quarter 2023 results: EPS: US$0.06 (down from US$0.14 in 2Q 2022). Revenue: US$1.52b (up 22% from 2Q 2022). Net income: US$18.2m (down 56% from 2Q 2022). Profit margin: 1.2% (down from 3.3% in 2Q 2022). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 26Subsea 7 S.A. Provides Financial Guidance for 2023Subsea 7 S.A. provided financial guidance for 2023. The company continue to expect revenue in 2023 to be higher than 2022.Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €11.27, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 115% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.41 per share.お知らせ • Jun 20Subsea 7 Offers to Buy Norway’s DOF GroupUK-based engineering firm Subsea 7 SA (OSE:SUBC) unveiled on June 16, 2023 that it has offered to acquire DOF Group ASA for NOK 35 (USD 3.33/EUR 3.03) per share, or at a premium of 25% to the Norwegian vessel operator’s targeted initial public offering (IPO) price of NOK 28 per share. The takeover proposal was submitted on June 15 and turned down by the target company on the next day, Subsea 7 said in a statement. The proposed transaction consideration comprised NOK 7 in cash and NOK 28 in newly-issued shares in Subsea 7 with the stock component representing a stake of about 11.5% in Subsea 7. It was subject to various conditions, including due diligence. DOF, which launched the IPO in June, separately said that after carefully considering the takeover bid, the company’s board concluded not to cancel the on-going IPO and listing on the Oslo Stock Exchange.Reported Earnings • Apr 28First quarter 2023 earnings released: US$0.07 loss per share (vs US$0.051 loss in 1Q 2022)First quarter 2023 results: US$0.07 loss per share (further deteriorated from US$0.051 loss in 1Q 2022). Revenue: US$1.25b (up 4.4% from 1Q 2022). Net loss: US$19.9m (loss widened 34% from 1Q 2022). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 13Upcoming dividend of kr4.00 per share at 0.8% yieldEligible shareholders must have bought the stock before 20 April 2023. Payment date: 28 April 2023. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.2%).Buying Opportunity • Mar 09Now 21% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be €16.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings is also forecast to grow by 33% per annum over the same time period.Reported Earnings • Mar 03Full year 2022 earnings released: EPS: US$0.20 (vs US$0.11 in FY 2021)Full year 2022 results: EPS: US$0.20 (up from US$0.11 in FY 2021). Revenue: US$5.14b (up 2.5% from FY 2021). Net income: US$57.1m (up 80% from FY 2021). Profit margin: 1.1% (up from 0.6% in FY 2021). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 15Subsea 7 S.A. to Report Fiscal Year 2022 Results on Mar 15, 2023Subsea 7 S.A. announced that they will report fiscal year 2022 results at 12:00 PM, Central European Standard Time on Mar 15, 2023Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: US$0.01 (vs US$0.15 in 3Q 2021)Third quarter 2022 results: EPS: US$0.01 (down from US$0.15 in 3Q 2021). Revenue: US$1.40b (down 3.2% from 3Q 2021). Net income: US$3.20m (down 93% from 3Q 2021). Profit margin: 0.2% (down from 3.1% in 3Q 2021). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Sep 27+ 1 more updateSubsea 7 S.A. to Report Q3, 2023 Results on Nov 16, 2023Subsea 7 S.A. announced that they will report Q3, 2023 results on Nov 16, 2023Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: US$0.14 (vs US$0.04 loss in 2Q 2021)Second quarter 2022 results: EPS: US$0.14 (up from US$0.04 loss in 2Q 2021). Revenue: US$1.25b (up 4.1% from 2Q 2021). Net income: US$41.2m (up US$53.0m from 2Q 2021). Profit margin: 3.3% (up from net loss in 2Q 2021). Over the next year, revenue is expected to shrink by 5.0% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • May 01First quarter 2022 earnings released: US$0.051 loss per share (vs US$0.007 profit in 1Q 2021)First quarter 2022 results: US$0.051 loss per share (down from US$0.007 profit in 1Q 2021). Revenue: US$1.19b (up 20% from 1Q 2021). Net loss: US$14.9m (down US$16.9m from profit in 1Q 2021). Over the next year, revenue is expected to shrink by 5.0% compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Apr 21Upcoming dividend of kr1.00 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 06 May 2022. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (3.3%).Reported Earnings • Mar 04Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: US$5.01b (up 45% from FY 2020). Net income: US$31.8m (up US$1.12b from FY 2020). Profit margin: 0.6% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is expected to shrink by 7.7% compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 19Third quarter 2021 earnings released: EPS US$0.15 (vs US$0.14 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.45b (up 53% from 3Q 2020). Net income: US$44.7m (up US$85.9m from 3Q 2020). Profit margin: 3.1% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.Recent Insider Transactions • Oct 03Senior Independent Director recently bought €112k worth of stockOn the 30th of September, David Mullen bought around 15k shares on-market at roughly €7.44 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Jul 29Second quarter 2021 earnings released: US$0.04 loss per share (vs US$3.07 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$1.20b (up 59% from 2Q 2020). Net loss: US$11.8m (loss narrowed 99% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.Reported Earnings • May 01First quarter 2021 earnings released: EPS US$0.01 (vs US$0.13 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$996.4m (up 33% from 1Q 2020). Net income: US$2.00m (up US$40.0m from 1Q 2020). Profit margin: 0.2% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Apr 24Inaugural dividend of kr2.00 per shareEligible shareholders must have bought the stock before 29 April 2021. Payment date: 07 May 2021. The company last paid an ordinary dividend in April 2019. The average dividend yield among industry peers is 3.7%.Executive Departure • Apr 20Non-Executive Independent Director has left the companyOn the 14th of April, Elisabeth Proust's tenure as Non-Executive Independent Director ended after 2.0 years in the role. As of December 2020, Elisabeth personally held only 830.00 shares (€6.7k worth at the time). A total of 2 executives have left over the last 12 months.Analyst Estimate Surprise Post Earnings • Feb 26Revenue misses expectationsRevenue missed analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 16% compared to a 11% decline forecast for the Energy Services industry in Germany.Reported Earnings • Feb 26Full year 2020 earnings released: US$3.67 loss per share (vs US$0.27 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$3.47b (down 5.2% from FY 2019). Net loss: US$1.09b (loss widened US$1.01b from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Feb 16New 90-day high: €8.70The company is up 21% from its price of €7.18 on 18 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.31 per share.Is New 90 Day High Low • Jan 07New 90-day high: €8.32The company is up 31% from its price of €6.37 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.04 per share.Is New 90 Day High Low • Dec 18New 90-day high: €8.30The company is up 39% from its price of €5.97 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.59 per share.Is New 90 Day High Low • Nov 16New 90-day high: €6.99The company is up 9.0% from its price of €6.40 on 18 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 up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.69 per share.Analyst Estimate Surprise Post Earnings • Nov 14Revenue misses expectationsRevenue missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 17% compared to a 8.7% decline forecast for the Energy Services industry in Germany.Reported Earnings • Nov 14Third quarter 2020 earnings released: US$0.14 loss per shareThe company reported a poor third quarter result with weaker earnings and control over expenses, although revenues were flat. Third quarter 2020 results: Revenue: US$947.4m (flat on 3Q 2019). Net loss: US$41.2m (down 194% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 124% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 31New 90-day low: €5.18The company is down 19% from its price of €6.38 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.00 per share.株主還元SOCDE Energy ServicesDE 市場7D-1.4%-2.1%0.7%1Y89.3%55.1%2.0%株主還元を見る業界別リターン: SOC過去 1 年間で55.1 % の収益を上げたGerman Energy Services業界を上回りました。リターン対市場: SOC過去 1 年間で2 % の収益を上げたGerman市場を上回りました。価格変動Is SOC's price volatile compared to industry and market?SOC volatilitySOC Average Weekly Movement6.5%Energy Services Industry Average Movement5.7%Market Average Movement6.1%10% most volatile stocks in DE Market13.1%10% least volatile stocks in DE Market2.7%安定した株価: SOC 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: SOCの 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト199313,667John Evanswww.subsea7.comSubsea 7 S.A.は、世界中のエネルギー産業向けにオフショアプロジェクトとサービスを提供している。同社は、海底での生産設備のプロジェクト管理、設計、エンジニアリング、調達、製作、調査、設置、試運転、および固定式または浮体式プラットフォームや岸壁への設備接続を含む、海底油田開発製品およびサービスを提供している。また、探鉱・生産活動を支援し、現場での全ライフ・オブ・フィールド・サービスを提供するための遠隔操作車両と工具サービス、洋上風力タービンの基礎とインナーアレイケーブルの調達と設置、再生可能エネルギー構造物の重量物吊り上げ作業と重量物輸送サービス、石油・ガス、再生可能エネルギー、公益事業の顧客に対するエンジニアリングとアドバイザリーサービスも提供している。さらに、深海での海底石油・ガスシステムのエンジニアリング、調達、設置、試運転、浅海環境での固定・浮体式プラットフォームと関連パイプラインの製作、設置、拡張、改修、点検、修理・保守サービス、海底インフラの管理、遠隔介入サポート、炭素回収・利用・貯蔵サービスも提供している。同社は1993年に設立され、ルクセンブルクに本社を置いている。もっと見るSubsea 7 S.A. 基礎のまとめSubsea 7 の収益と売上を時価総額と比較するとどうか。SOC 基礎統計学時価総額€8.37b収益（TTM）€422.60m売上高(TTM)€6.30b19.8xPER（株価収益率1.3xP/SレシオSOC は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計SOC 損益計算書（TTM）収益US$7.35b売上原価US$6.11b売上総利益US$1.23bその他の費用US$741.50m収益US$493.00m直近の収益報告Mar 31, 2026次回決算日Jul 30, 2026一株当たり利益（EPS）1.66グロス・マージン16.80%純利益率6.71%有利子負債／自己資本比率11.8%SOC の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.0%現在の配当利回り77%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/29 09:34終値2026/05/29 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Subsea 7 S.A. 17 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。34 アナリスト機関Michael PickupBarclaysJames WestBarclaysRichard DawsonBerenberg31 その他のアナリストを表示
お知らせ • May 15+ 1 more updateSubsea 7 S.A. Announces Election of John Evans to the Board of DirectorsSubsea 7 S.A. announced the election of John Evans to the Board of Directors of Subsea 7 S.A. at the 2026 annual general meeting of shareholders. John will serve as an Executive Director on the Board of Directors of Subsea 7 S.A. until his retirement from his position of CEO on June 30, 2026 and will continue as a Non-Executive Director thereafter.
お知らせ • May 03Subsea 7 S.A. Raises Earnings Guidance for the Full Year 2026Subsea 7 S.A. raised earnings guidance for the full year 2026. For the year, the company anticipated revenue this year which is expected to be between $7.4 and 7.8 billion (previously between $7.0 and $7.4 billion).
お知らせ • Mar 05Subsea7 Announces CEO SuccessionSubsea7 announced that John Evans will retire from his position as CEO on the 30 June 2026 and will be succeeded from 1 July 2026 by Stuart Fitzgerald who is currently CEO of Seaway7, part of the Subsea7 Group. John has worked for Subsea7 and its predecessor companies for 40 years. He was COO of Subsea7 for 14 years and has been CEO of Subsea7 since 2020. Stuart has been CEO of Seaway7 since 2022. He joined Subsea7 in 1998 and has held a number of senior management positions including EVP Commercial and EVP Strategy and Alliances.
お知らせ • Feb 27Subsea 7 S.A. Reports Asset Impairments for the Fourth Quarter Ended December 31, 2025Subsea 7 S.A. reported asset impairments for the fourth quarter ended December 31, 2025. For the period, goodwill impairment charges of $17. 6 million (Q4 2024: $6.2 million) were recognized in the Condensed Consolidated Income Statement within operating expenses. Impairment charges of $10.1 million related to property, plant and equipment (Q4 2024: $14.2 million), $2.1 million related to intangible assets (Q4 2024: $1.6 million), and $1.4 million related to right -of-use assets (Q4 2024: nil) were also recognized in the Condensed Consolidated Income Statement.
お知らせ • Feb 26+ 1 more updateSubsea 7 S.A. Reaffirms Earnings Guidance for the Year 2026Subsea 7 S.A. reaffirmed earnings guidance for the year 2026. Guidance for full year 2026 reaffirmed, with revenue expected to be within a range of $7.0 billion to $7.4 billion.
お知らせ • Dec 15Subsea 7 S.A., Annual General Meeting, May 12, 2026Subsea 7 S.A., Annual General Meeting, May 12, 2026.
お知らせ • May 15+ 1 more updateSubsea 7 S.A. Announces Election of John Evans to the Board of DirectorsSubsea 7 S.A. announced the election of John Evans to the Board of Directors of Subsea 7 S.A. at the 2026 annual general meeting of shareholders. John will serve as an Executive Director on the Board of Directors of Subsea 7 S.A. until his retirement from his position of CEO on June 30, 2026 and will continue as a Non-Executive Director thereafter.
お知らせ • May 03Subsea 7 S.A. Raises Earnings Guidance for the Full Year 2026Subsea 7 S.A. raised earnings guidance for the full year 2026. For the year, the company anticipated revenue this year which is expected to be between $7.4 and 7.8 billion (previously between $7.0 and $7.4 billion).
お知らせ • Mar 05Subsea7 Announces CEO SuccessionSubsea7 announced that John Evans will retire from his position as CEO on the 30 June 2026 and will be succeeded from 1 July 2026 by Stuart Fitzgerald who is currently CEO of Seaway7, part of the Subsea7 Group. John has worked for Subsea7 and its predecessor companies for 40 years. He was COO of Subsea7 for 14 years and has been CEO of Subsea7 since 2020. Stuart has been CEO of Seaway7 since 2022. He joined Subsea7 in 1998 and has held a number of senior management positions including EVP Commercial and EVP Strategy and Alliances.
お知らせ • Feb 27Subsea 7 S.A. Reports Asset Impairments for the Fourth Quarter Ended December 31, 2025Subsea 7 S.A. reported asset impairments for the fourth quarter ended December 31, 2025. For the period, goodwill impairment charges of $17. 6 million (Q4 2024: $6.2 million) were recognized in the Condensed Consolidated Income Statement within operating expenses. Impairment charges of $10.1 million related to property, plant and equipment (Q4 2024: $14.2 million), $2.1 million related to intangible assets (Q4 2024: $1.6 million), and $1.4 million related to right -of-use assets (Q4 2024: nil) were also recognized in the Condensed Consolidated Income Statement.
お知らせ • Feb 26+ 1 more updateSubsea 7 S.A. Reaffirms Earnings Guidance for the Year 2026Subsea 7 S.A. reaffirmed earnings guidance for the year 2026. Guidance for full year 2026 reaffirmed, with revenue expected to be within a range of $7.0 billion to $7.4 billion.
お知らせ • Dec 15Subsea 7 S.A., Annual General Meeting, May 12, 2026Subsea 7 S.A., Annual General Meeting, May 12, 2026.
お知らせ • Dec 12+ 3 more updatesSubsea 7 S.A. to Report Fiscal Year 2025 Final Results on Mar 20, 2026Subsea 7 S.A. announced that they will report fiscal year 2025 final results on Mar 20, 2026
お知らせ • Nov 21Subsea 7 S.A. Revises Earnings Guidance for the Full Year of 2025 and Provides Earnings Guidance for the Year 2026Subsea 7 S.A. revised earnings guidance for the full year 2025 and provides earnings guidance for the year 2026. For the full year, revenue is expected to be in a range between $6.9 billion and $7.1 billion while margins are expected to be between 20% and 21% . For the year 2026, The company expects revenue to be within a range of $7.0 billion to $7.4 billion.
お知らせ • Sep 26+ 1 more updateSubsea 7 S.A. Declares Special DividendSubsea 7 S.A. at the extraordinary general meeting of shareholders on 25 September 2025, the company approved a special dividend of 105 million, equating to approximately NOK 4.15 per share. This distribution is related to a permitted business divestment in accordance with the merger agreement with Saipem. The distribution is expected to be paid after closing of the relevant transaction or (if earlier) immediately before the proposed merger effective date.
お知らせ • Jul 24+ 1 more updateSubsea 7 S.A. Proposes Special DividendSubsea 7 S.A. at its extraordinary general meeting of shareholders to be held on 25 September 2025, proposed to distribute a special dividend of EUR 105 million, equating to approximately NOK 4.15 per share, as at 24 July 2025. This distribution is related to a permitted business divestment in accordance with the merger agreement with Saipem SpA. The distribution is expected to be paid after closing of the relevant transaction or (if earlier) immediately before the proposed merger effective date. The key dates relating to proposed dividend shall be published as soon as these dates are fixed.
お知らせ • May 10Subsea 7 S.A. Announces Changes to Its Board, Effective ImmediatelySubsea 7 S.A. announced the election of Lucia Andrade as a Non-Executive Director at the 2025 annual general meeting of shareholders (AGM) and the decision of Jean Cahuzac to retire from his position as Non-Executive Director with immediate effect. Jean has served on the Board since 2008 and was also CEO of Subsea7 until December 31, 2019. Jean was a member of the Compensation Committee and the Tender Committee, and changes to committee memberships will be discussed at the next meeting of the Board later this month.
お知らせ • May 09Subsea 7 S.A. Approves Cash Dividend in Two Instalments, Payable in May 22, 2025 and November 6, 2025, RespectivelySubsea 7 S.A. at its AGM held on 8 May 2025, the allocation of results of the Company for the fiscal year ended 31 December 2024, including the payment of a dividend in the amount of NOK 13.00 per common share, to be paid in two equal instalments on 22 May 2025 and 6 November 2025.
お知らせ • Mar 22Subsea 7 S.A. to Report Q4, 2025 Results on Feb 26, 2026Subsea 7 S.A. announced that they will report Q4, 2025 results on Feb 26, 2026
お知らせ • Feb 28Subsea 7 S.A. Proposes Cash Dividend in Two Instalments, Payable in May and November 2025 RespectivelyAt the Annual General Meeting on 8 May 2025, the Board of Directors of Subsea 7 S.A. will propose that shareholders approve a cash dividend of NOK 13.00 per share, equating to approximately $350 million, payable in two equal instalments in May and November 2025. This represents a year-on-year increase of 40% in returns to shareholders and is equivalent to an approximate yield of 7% related to the cash dividend.
お知らせ • Feb 24Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion.Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion on February 23, 2025. Subsea7 shareholders will receive 6.688 Saipem shares for each Subsea7 share held. Subsea7 will distribute an extraordinary dividend for an amount equal to €450 million immediately prior to completion. Transaction expected to deliver material value creation for the shareholders of both Saipem and Subsea7. Annual synergies of approximately €300 million are expected to be achieved in the third year after completion, with one-off costs to achieve such synergies of approximately €270 million. The combination of Saipem and Subsea7 (the “Combined Company”) will be renamed Saipem7, and will have a combined backlog of €43 billion, Revenue of approx. €20 billion and EBITDA in excess of €2 billion. As part of this, it is intended that the Combined Company’s Chairman will be designated by Siem Industries and that the Combined Company’s CEO will be designated by CDP Equity and Eni. Siem Industries (being the largest shareholder of Subsea7) would then own approximately 11.9% of the Combined Company’s capital, while Eni and CDP Equity (being the largest shareholders of Saipem) would own approximately 10.6% and approximately 6.4%, respectively. Assuming all Subsea7 shareholders participate in the merger, the share capital of the Combined Company will be held 50-50% by the current shareholders of Saipem and Subsea7. The entering into and signing of binding definitive documents in mid-2025 in respect of the Proposed Combination is conditional, inter alia, on the successful completion of confirmatory due diligence by the parties, the execution of a mutually satisfactory merger agreement and the approval of the final terms of the Proposed Combination by the Board of Directors of Saipem and Subsea7. The parties will also engage with the relevant works council consultations required by the applicable laws. Moreover, completion of the Proposed Combination will be subject to customary conditions precedent for a transaction of this nature, including, inter alia, approval by the shareholders’ meetings of both Saipem and Subsea7, the former to be also passed with the so-called whitewash majorities for the purposes of the mandatory takeover bid exemption13 , and obtaining the required Italian government approval and customary regulatory clearances. The MoU also provides for termination rights for each of Saipem and Subsea7. Completion anticipated to occur in the second half of 2026. Goldman Sachs International is acting as lead financial advisor to Saipem, and Deutsche Bank AG, Milan Branch as financial advisor to Saipem. Clifford Chance LLP is serving as global legal counsel to Saipem in particular as to matters of Italian, English, US and Luxembourg law, while Advokatfirmaet Thommessen AS is serving as legal counsel to Saipem as to matters of Norwegian law. Kirk Lovegrove & Company Limited is acting as lead financial advisor and Deloitte LLP is acting as financial advisor to Subsea7. Freshfields LLP is serving as global legal counsel to Subsea7 (including as to matters of Italian, US and English Law), while Elvinger Hoss Prussen S.A. and Advokatfirmaet Wiersholm AS are serving as legal counsels as to matters of Luxembourg and Norwegian law, respectively.
お知らせ • Dec 04Subsea 7 S.A., Annual General Meeting, May 08, 2025Subsea 7 S.A., Annual General Meeting, May 08, 2025.
お知らせ • Dec 03Subsea 7 S.A. to Report Fiscal Year 2024 Final Results on Mar 21, 2025Subsea 7 S.A. announced that they will report fiscal year 2024 final results on Mar 21, 2025
お知らせ • Nov 21Subsea 7 S.A. Provides Earnings Guidance for the Full Year of 2025Subsea 7 S.A. provided earnings guidance for the full year of 2025. For the year, the company expects revenue to be between $6.8 billion and $7.2 billion.
Upcoming Dividend • Oct 23Upcoming dividend of kr3.00 per shareEligible shareholders must have bought the stock before 30 October 2024. Payment date: 07 November 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.2%).
Recent Insider Transactions • Oct 02Non-Executive Director recently sold €472k worth of stockOn the 27th of September, Jean Cahuzac sold around 33k shares on-market at roughly €14.51 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months.
お知らせ • Sep 25+ 2 more updatesSubsea 7 S.A. to Report Q3, 2025 Results on Nov 20, 2025Subsea 7 S.A. announced that they will report Q3, 2025 results on Nov 20, 2025
Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: US$0.20 (vs US$0.061 in 2Q 2023)Second quarter 2024 results: EPS: US$0.20 (up from US$0.061 in 2Q 2023). Revenue: US$1.74b (up 15% from 2Q 2023). Net income: US$59.1m (up 225% from 2Q 2023). Profit margin: 3.4% (up from 1.2% in 2Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 25Subsea 7 S.A. Revises Earnings Guidance for the Full Year 2024Subsea 7 S.A. revised earnings guidance for the full year 2024. For the year, the company expects revenue to be in a range from $6.5 billion to $6.8 billion (previously $6.0 billion to $6.5 billion).
Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Elisabeth Van Heeswijk was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Jun 09Non-Executive Director recently sold €1.2m worth of stockOn the 4th of June, Jean Cahuzac sold around 75k shares on-market at roughly €15.97 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.4m more than they bought in the last 12 months.
お知らせ • May 03Subsea 7 S.A. Approves Payment of DividendSubsea 7 S.A. announced that, at the 2024 annual general meeting of shareholders on 2 May 2024, all resolutions were approved, including the payment of a dividend of NOK 6.00 per common share, to be paid in two equal instalments.
Upcoming Dividend • Apr 29Upcoming dividend of kr3.00 per shareEligible shareholders must have bought the stock before 06 May 2024. Payment date: 14 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.7%).
お知らせ • Apr 27Subsea 7 S.A. Provides Revenue Guidance for Full Year 2024Subsea 7 S.A. provided revenue guidance for full year 2024. For full year 2024 company continue to expect revenue between $6.0 billion and $6.5 billion.
Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: US$0.09 (vs US$0.068 loss in 1Q 2023)First quarter 2024 results: EPS: US$0.09 (up from US$0.068 loss in 1Q 2023). Revenue: US$1.40b (up 12% from 1Q 2023). Net income: US$27.0m (up US$46.9m from 1Q 2023). Profit margin: 1.9% (up from net loss in 1Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 46% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 11x earnings per share. Cash payout ratio: 212% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).
お知らせ • Mar 24Subsea 7 S.A. to Report Q4, 2024 Results on Feb 27, 2025Subsea 7 S.A. announced that they will report Q4, 2024 results on Feb 27, 2025
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: US$0.05 (vs US$0.20 in FY 2022)Full year 2023 results: EPS: US$0.05 (down from US$0.20 in FY 2022). Revenue: US$5.97b (up 16% from FY 2022). Net income: US$15.4m (down 73% from FY 2022). Profit margin: 0.3% (down from 1.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 140% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 01Subsea 7 S.A. Proposes Cash Dividend to Be Paid in Two Instalments, Payable on May 14, 2024 November 7, 2024 RespectivelySubsea 7 S.A. announced that its Board of Directors will recommend to the shareholders at the Annual General Meeting of the Company to be held on 2 May 2024 (the AGM) that a dividend of NOK 6.00 per share be paid, in two instalments, equivalent to a total dividend of approximately USD 170 million. Key information relating to the first instalment of the cash dividend to be paid by Subsea 7 S.A. Dividend amount: 3.00 per share, Announced currency: NOK, Last day including right: 3 May 2024, Ex-date: 6 May 2024, Record date: 7 May 2024, Payment date: 14 May 2024, Approval date: the proposed cash dividend is subject to approval at the AGM. Key information relating to the second instalment of the cash dividend to be paid by Subsea 7 S.A. Dividend amount: 3.00 per share, Announced currency: NOK, Last day including right: 29 October 2024, Ex-date: 30 October 2024, Record date: 31 October 2024, Payment date: 7 November 2024, Approval date: the proposed cash dividend is subject to approval at the AGM.
お知らせ • Dec 14+ 4 more updatesSubsea 7 S.A. to Report First Half, 2024 Results on Jul 25, 2024Subsea 7 S.A. announced that they will report first half, 2024 results on Jul 25, 2024
Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: US$0.11 (vs US$0.011 in 3Q 2022)Third quarter 2023 results: EPS: US$0.11 (up from US$0.011 in 3Q 2022). Revenue: US$1.58b (up 12% from 3Q 2022). Net income: US$34.4m (up US$31.2m from 3Q 2022). Profit margin: 2.2% (up from 0.2% in 3Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.5% Last year net profit margin: 1.3% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Shareholders have been diluted in the past year (3.5% increase in shares outstanding).
Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: US$0.06 (vs US$0.14 in 2Q 2022)Second quarter 2023 results: EPS: US$0.06 (down from US$0.14 in 2Q 2022). Revenue: US$1.52b (up 22% from 2Q 2022). Net income: US$18.2m (down 56% from 2Q 2022). Profit margin: 1.2% (down from 3.3% in 2Q 2022). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 26Subsea 7 S.A. Provides Financial Guidance for 2023Subsea 7 S.A. provided financial guidance for 2023. The company continue to expect revenue in 2023 to be higher than 2022.
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €11.27, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 11x in the Energy Services industry in Europe. Total returns to shareholders of 115% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.41 per share.
お知らせ • Jun 20Subsea 7 Offers to Buy Norway’s DOF GroupUK-based engineering firm Subsea 7 SA (OSE:SUBC) unveiled on June 16, 2023 that it has offered to acquire DOF Group ASA for NOK 35 (USD 3.33/EUR 3.03) per share, or at a premium of 25% to the Norwegian vessel operator’s targeted initial public offering (IPO) price of NOK 28 per share. The takeover proposal was submitted on June 15 and turned down by the target company on the next day, Subsea 7 said in a statement. The proposed transaction consideration comprised NOK 7 in cash and NOK 28 in newly-issued shares in Subsea 7 with the stock component representing a stake of about 11.5% in Subsea 7. It was subject to various conditions, including due diligence. DOF, which launched the IPO in June, separately said that after carefully considering the takeover bid, the company’s board concluded not to cancel the on-going IPO and listing on the Oslo Stock Exchange.
Reported Earnings • Apr 28First quarter 2023 earnings released: US$0.07 loss per share (vs US$0.051 loss in 1Q 2022)First quarter 2023 results: US$0.07 loss per share (further deteriorated from US$0.051 loss in 1Q 2022). Revenue: US$1.25b (up 4.4% from 1Q 2022). Net loss: US$19.9m (loss widened 34% from 1Q 2022). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 13Upcoming dividend of kr4.00 per share at 0.8% yieldEligible shareholders must have bought the stock before 20 April 2023. Payment date: 28 April 2023. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.2%).
Buying Opportunity • Mar 09Now 21% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be €16.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings is also forecast to grow by 33% per annum over the same time period.
Reported Earnings • Mar 03Full year 2022 earnings released: EPS: US$0.20 (vs US$0.11 in FY 2021)Full year 2022 results: EPS: US$0.20 (up from US$0.11 in FY 2021). Revenue: US$5.14b (up 2.5% from FY 2021). Net income: US$57.1m (up 80% from FY 2021). Profit margin: 1.1% (up from 0.6% in FY 2021). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 15Subsea 7 S.A. to Report Fiscal Year 2022 Results on Mar 15, 2023Subsea 7 S.A. announced that they will report fiscal year 2022 results at 12:00 PM, Central European Standard Time on Mar 15, 2023
Reported Earnings • Nov 18Third quarter 2022 earnings released: EPS: US$0.01 (vs US$0.15 in 3Q 2021)Third quarter 2022 results: EPS: US$0.01 (down from US$0.15 in 3Q 2021). Revenue: US$1.40b (down 3.2% from 3Q 2021). Net income: US$3.20m (down 93% from 3Q 2021). Profit margin: 0.2% (down from 3.1% in 3Q 2021). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Sep 27+ 1 more updateSubsea 7 S.A. to Report Q3, 2023 Results on Nov 16, 2023Subsea 7 S.A. announced that they will report Q3, 2023 results on Nov 16, 2023
Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: US$0.14 (vs US$0.04 loss in 2Q 2021)Second quarter 2022 results: EPS: US$0.14 (up from US$0.04 loss in 2Q 2021). Revenue: US$1.25b (up 4.1% from 2Q 2021). Net income: US$41.2m (up US$53.0m from 2Q 2021). Profit margin: 3.3% (up from net loss in 2Q 2021). Over the next year, revenue is expected to shrink by 5.0% compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • May 01First quarter 2022 earnings released: US$0.051 loss per share (vs US$0.007 profit in 1Q 2021)First quarter 2022 results: US$0.051 loss per share (down from US$0.007 profit in 1Q 2021). Revenue: US$1.19b (up 20% from 1Q 2021). Net loss: US$14.9m (down US$16.9m from profit in 1Q 2021). Over the next year, revenue is expected to shrink by 5.0% compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Apr 21Upcoming dividend of kr1.00 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 06 May 2022. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.9%). Lower than average of industry peers (3.3%).
Reported Earnings • Mar 04Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: US$5.01b (up 45% from FY 2020). Net income: US$31.8m (up US$1.12b from FY 2020). Profit margin: 0.6% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is expected to shrink by 7.7% compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 19Third quarter 2021 earnings released: EPS US$0.15 (vs US$0.14 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.45b (up 53% from 3Q 2020). Net income: US$44.7m (up US$85.9m from 3Q 2020). Profit margin: 3.1% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
Recent Insider Transactions • Oct 03Senior Independent Director recently bought €112k worth of stockOn the 30th of September, David Mullen bought around 15k shares on-market at roughly €7.44 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Jul 29Second quarter 2021 earnings released: US$0.04 loss per share (vs US$3.07 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$1.20b (up 59% from 2Q 2020). Net loss: US$11.8m (loss narrowed 99% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 01First quarter 2021 earnings released: EPS US$0.01 (vs US$0.13 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$996.4m (up 33% from 1Q 2020). Net income: US$2.00m (up US$40.0m from 1Q 2020). Profit margin: 0.2% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Apr 24Inaugural dividend of kr2.00 per shareEligible shareholders must have bought the stock before 29 April 2021. Payment date: 07 May 2021. The company last paid an ordinary dividend in April 2019. The average dividend yield among industry peers is 3.7%.
Executive Departure • Apr 20Non-Executive Independent Director has left the companyOn the 14th of April, Elisabeth Proust's tenure as Non-Executive Independent Director ended after 2.0 years in the role. As of December 2020, Elisabeth personally held only 830.00 shares (€6.7k worth at the time). A total of 2 executives have left over the last 12 months.
Analyst Estimate Surprise Post Earnings • Feb 26Revenue misses expectationsRevenue missed analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 16% compared to a 11% decline forecast for the Energy Services industry in Germany.
Reported Earnings • Feb 26Full year 2020 earnings released: US$3.67 loss per share (vs US$0.27 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$3.47b (down 5.2% from FY 2019). Net loss: US$1.09b (loss widened US$1.01b from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Feb 16New 90-day high: €8.70The company is up 21% from its price of €7.18 on 18 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.31 per share.
Is New 90 Day High Low • Jan 07New 90-day high: €8.32The company is up 31% from its price of €6.37 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 40% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.04 per share.
Is New 90 Day High Low • Dec 18New 90-day high: €8.30The company is up 39% from its price of €5.97 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.59 per share.
Is New 90 Day High Low • Nov 16New 90-day high: €6.99The company is up 9.0% from its price of €6.40 on 18 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 up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.69 per share.
Analyst Estimate Surprise Post Earnings • Nov 14Revenue misses expectationsRevenue missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 17% compared to a 8.7% decline forecast for the Energy Services industry in Germany.
Reported Earnings • Nov 14Third quarter 2020 earnings released: US$0.14 loss per shareThe company reported a poor third quarter result with weaker earnings and control over expenses, although revenues were flat. Third quarter 2020 results: Revenue: US$947.4m (flat on 3Q 2019). Net loss: US$41.2m (down 194% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 124% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 31New 90-day low: €5.18The company is down 19% from its price of €6.38 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.00 per share.
