SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide.
Proven track record and fair value.
Share Price & News
How has SBM Offshore's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SBMO's share price has been volatile over the past 3 months.
7 Day Return
AT Energy Services
1 Year Return
AT Energy Services
Return vs Industry: SBMO exceeded the Austrian Energy Services industry which returned -57.9% over the past year.
Return vs Market: SBMO underperformed the Austrian Market which returned -30.4% over the past year.
Price Volatility Vs. Market
How volatile is SBM Offshore's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is SBM Offshore undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SBMO (€11.6) is trading below our estimate of fair value (€13.48)
Significantly Below Fair Value: SBMO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SBMO is good value based on its PE Ratio (7x) compared to the Energy Services industry average (9.2x).
PE vs Market: SBMO is good value based on its PE Ratio (7x) compared to the Austrian market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: SBMO is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: SBMO is overvalued based on its PB Ratio (0.9x) compared to the XE Energy Services industry average (0.4x).
How is SBM Offshore forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBMO's forecast earnings growth (4.9% per year) is above the savings rate (-0.1%).
Earnings vs Market: SBMO's earnings (4.9% per year) are forecast to grow slower than the Austrian market (10.2% per year).
High Growth Earnings: SBMO's earnings are forecast to grow, but not significantly.
Revenue vs Market: SBMO's revenue is expected to decline over the next 3 years (-14.4% per year).
High Growth Revenue: SBMO's revenue is forecast to decline over the next 3 years (-14.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SBMO's Return on Equity is forecast to be low in 3 years time (14.9%).
How has SBM Offshore performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBMO has high quality earnings.
Growing Profit Margin: SBMO's current net profit margins (10.8%) are higher than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: SBMO's earnings have declined by -22.2% per year over the past 5 years.
Accelerating Growth: SBMO's earnings growth over the past year (72.6%) exceeds its 5-year average (-22.2% per year).
Earnings vs Industry: SBMO earnings growth over the past year (72.6%) exceeded the Energy Services industry 0.7%.
Return on Equity
High ROE: SBMO's Return on Equity (14.1%) is considered low.
How is SBM Offshore's financial position?
Financial Position Analysis
Short Term Liabilities: SBMO's short term assets ($2.4B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: SBMO's short term assets ($2.4B) do not cover its long term liabilities ($4.9B).
Debt to Equity History and Analysis
Debt Level: SBMO's debt to equity ratio (131.4%) is considered high.
Reducing Debt: SBMO's debt to equity ratio has reduced from 166.8% to 131.4% over the past 5 years.
Debt Coverage: SBMO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SBMO's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Inventory Level: SBMO has a low level of unsold assets or inventory.
Debt Coverage by Assets: SBMO's debt is not covered by short term assets (assets are 0.5x debt).
What is SBM Offshore's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SBMO's dividend (5.92%) is higher than the bottom 25% of dividend payers in the Austrian market (1.95%).
High Dividend: SBMO's dividend (5.92%) is low compared to the top 25% of dividend payers in the Austrian market (6.66%).
Stability and Growth of Payments
Stable Dividend: SBMO's dividend payments have been volatile in the past 10 years.
Growing Dividend: SBMO's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.2%), SBMO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SBMO's dividends in 3 years are not forecast to be well covered by earnings (118.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bruno Y. Chabas (55yo)
Mr. Bruno Y. R. Chabas has been the Chief Executive Officer of SBM Offshore N.V. since January 1, 2012 and serves as its Chairman of Management Board. Mr. Chabas has been Member of the Management Board at ...
CEO Compensation Analysis
Compensation vs Market: Bruno Y.'s total compensation ($USD4.58M) is above average for companies of similar size in the Austrian market ($USD2.17M).
Compensation vs Earnings: Bruno Y.'s compensation has been consistent with company performance over the past year.
|Chairman of Management Board & CEO||8.17yrs||US$4.13m||0.53% $11.9m|
|CFO & Member of Management Board||3.33yrs||US$2.33m||0.077% $1.7m|
|COO & Member of Management Board||4.92yrs||US$2.94m||0.17% $3.9m|
|Chief Governance & Compliance Officer and Member of Management Board||4.92yrs||US$2.09m||0.090% $2.0m|
|Group Treasurer & Investor Relations||no data||no data||no data|
|Group Communications Director||no data||no data||no data|
|Group Human Resources Director||3.92yrs||no data||no data|
|Managing Director of Strategic Growth||4.58yrs||no data||no data|
|Managing Director of Operations||4.58yrs||no data||no data|
|Chief Strategy Officer||6.25yrs||no data||no data|
Experienced Management: SBMO's management team is considered experienced (4.8 years average tenure).
|Independent Chairman of the Supervisory Board||1.92yrs||US$138.00k||no data|
|Independent Vice Chairman of Supervisory Board||4.92yrs||US$91.00k||no data|
|Independent Member of Supervisory Board||9.67yrs||US$86.00k||no data|
|Chairman of the Supervisory Board||1.92yrs||US$92.00k||no data|
|Member of Supervisory Board||4.92yrs||US$84.00k||no data|
|Independent Member of Supervisory Board||4.92yrs||US$92.00k||no data|
|Independent Member of Supervisory Board||4.92yrs||US$115.00k||no data|
|Independent Member of Supervisory Board||1.92yrs||US$84.00k||no data|
Experienced Board: SBMO's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SBMO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SBM Offshore N.V.'s company bio, employee growth, exchange listings and data sources
- Name: SBM Offshore N.V.
- Ticker: SBMO
- Exchange: WBAG
- Founded: 1862
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: €2.258b
- Shares outstanding: 195.16m
- Website: https://www.sbmoffshore.com
Number of Employees
- SBM Offshore N.V.
- Evert van de Beekstraat 1-77
- 1118 CL
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SBMO||ENXTAM (Euronext Amsterdam)||Yes||Ordinary Shares||NL||EUR||Jan 1992|
|IHCB||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|SBFF.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|0NIS||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|SBMOA||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|SBM||SWX (SIX Swiss Exchange)||Yes||Ordinary Shares||CH||CHF||Jan 1992|
|SBMO||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Jan 1992|
|SBFF.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Sep 2008|
SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. The company operates through two segments, Lease and Operate, and Turnkey. It is involved in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels; and semi-submersibles, tension leg platforms, floating liquidified natural gas, turret mooring systems, brownfield, deep water export systems, swivel stack systems, fluid transfer systems, tanker loading and discharge terminals, and solutions for renewable energy. The company also provides after sales services; swivels and mechanical parts; and emergency interventions and rapid response solutions. As of December 31, 2018, it operated a fleet of 13 FPSOs and 1 semi-submersible unit. The company was formerly known as IHC Caland and changed its name to SBM Offshore N.V. in 2005. SBM Offshore N.V. was founded in 1862 and is headquartered in Amsterdam, the Netherlands.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 23:07|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.