View ValuationSubsea 7 향후 성장Future 기준 점검 1/6Subsea 7 (는) 각각 연간 10% 및 1.3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 12% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 15.3% 로 예상됩니다.핵심 정보10.0%이익 성장률11.97%EPS 성장률Energy Services 이익 성장8.1%매출 성장률1.3%향후 자기자본이익률15.28%애널리스트 커버리지Good마지막 업데이트27 May 2026최근 향후 성장 업데이트공시 • 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).공시 • 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.공시 • 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.공시 • 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.공시 • 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).공시 • 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.모든 업데이트 보기Recent updates공시 • 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.공시 • 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).공시 • 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.공시 • 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.공시 • 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.공시 • Dec 15Subsea 7 S.A., Annual General Meeting, May 12, 2026Subsea 7 S.A., Annual General Meeting, May 12, 2026.공시 • 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, 2026공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2026공시 • 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.공시 • 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.공시 • Dec 04Subsea 7 S.A., Annual General Meeting, May 08, 2025Subsea 7 S.A., Annual General Meeting, May 08, 2025.공시 • 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, 2025공시 • 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.공시 • 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.공시 • 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.공시 • 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%).공시 • 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).공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.이익 및 매출 성장 예측DB:SOC - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20287,5606927571,2641312/31/20277,7977427591,3151712/31/20267,6646877301,271163/31/20267,3464931,4181,676N/A12/31/20257,0864111,1901,471N/A9/30/20256,9942888661,160N/A6/30/20256,9882687681,148N/A3/31/20256,971194654996N/A12/31/20246,837201583931N/A9/30/20246,600162477973N/A6/30/20246,344103562992N/A3/31/20246,12362202774N/A12/31/20235,9741579660N/A9/30/20235,63360-129274N/A6/30/20235,45929-220195N/A3/31/20235,1885249320N/A12/31/20225,13657255486N/A9/30/20225,21027302570N/A6/30/20225,25768127340N/A3/31/20225,2071566261N/A12/31/20215,01032127293N/A9/30/20214,659-68-2890N/A6/30/20214,156-154117231N/A3/31/20213,712-1,053322435N/A12/31/20203,466-1,093264447N/A9/30/20203,341-1,126357585N/A6/30/20203,344-1,041293528N/A3/31/20203,548-10397381N/A12/31/20193,657-84N/A357N/A9/30/20193,79090N/A381N/A6/30/20193,922123N/A506N/A3/31/20194,124174N/A476N/A12/31/20184,074183N/A424N/A9/30/20184,054201N/A256N/A6/30/20184,035238N/A160N/A3/31/20183,897303N/A150N/A12/31/20173,986455N/A209N/A9/30/20173,915401N/A523N/A6/30/20173,780438N/A664N/A3/31/20173,718431N/A829N/A12/31/20163,567436N/A1,046N/A9/30/20163,65912N/A1,133N/A6/30/20163,93119N/A1,308N/A3/31/20164,323-24N/A1,408N/A12/31/20154,758-17N/A1,049N/A9/30/20155,128-563N/A986N/A6/30/20155,830-514N/A941N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: SOC 의 연간 예상 수익 증가율(10%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: SOC 의 연간 수익(10%)이 German 시장(17.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: SOC 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: SOC 의 수익(연간 1.3%)이 German 시장(연간 6.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: SOC 의 수익(연간 1.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: SOC의 자본 수익률은 3년 후 15.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/29 14:48종가2026/05/29 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Subsea 7 S.A.는 34명의 분석가가 다루고 있습니다. 이 중 17명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Michael PickupBarclaysJames WestBarclaysRichard DawsonBerenberg31명의 분석가 더 보기
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • Dec 15Subsea 7 S.A., Annual General Meeting, May 12, 2026Subsea 7 S.A., Annual General Meeting, May 12, 2026.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • Dec 04Subsea 7 S.A., Annual General Meeting, May 08, 2025Subsea 7 S.A., Annual General Meeting, May 08, 2025.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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%).
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.