Exmar (EXM) Stock Overview

Engages in the provision of shipping and floating infrastructure solutions worldwide. More details

EXM fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 84.7% below our estimate of its fair value

Risk Analysis

Shareholders have been substantially diluted in the past year

Profit margins (30%) are lower than last year (51.9%)

Dividend of 8.06% is not well covered by free cash flows

EXM Community Fair Values

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See what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Exmar NV Competitors

Price History & Performance

Summary of share price highs, lows and changes for Exmar
Historical stock prices
Current Share Price	€11.20
52 Week High	€13.70
52 Week Low	€8.75
Beta	-0.28
1 Month Change	0.45%
3 Month Change	14.17%
1 Year Change	-6.51%
3 Year Change	1.82%
5 Year Change	187.55%
Change since IPO	71.78%

Recent updates

Analysis Article • Nov 11

Is Exmar NV (EBR:EXM) Worth €9.3 Based On Its Intrinsic Value?

Does the November share price for Exmar NV ( EBR:EXM ) reflect what it's really worth? Today, we will estimate the...

Analysis Article • Aug 09

An Intrinsic Calculation For Exmar NV (EBR:EXM) Suggests It's 37% Undervalued

Today we will run through one way of estimating the intrinsic value of Exmar NV ( EBR:EXM ) by taking the forecast...

Analysis Article • Mar 25

Exmar's (EBR:EXM) Conservative Accounting Might Explain Soft Earnings

Exmar NV's ( EBR:EXM ) recent soft profit numbers didn't appear to worry shareholders. Our analysis suggests that...

Analysis Article • May 03

The Attractive Combination That Could Earn Exmar NV (EBR:EXM) A Place In Your Dividend Portfolio

Dividend paying stocks like Exmar NV ( EBR:EXM ) tend to be popular with investors, and for good reason - some research...

Analysis Article • Apr 03

There's Been No Shortage Of Growth Recently For Exmar's (EBR:EXM) Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...

Analysis Article • Mar 08

Exmar's (EBR:EXM) Shareholders Are Down 61% On Their Shares

Exmar NV ( EBR:EXM ) shareholders should be happy to see the share price up 11% in the last quarter. But that is little...

Analysis Article • Jan 14

Could The Exmar NV (EBR:EXM) Ownership Structure Tell Us Something Useful?

The big shareholder groups in Exmar NV ( EBR:EXM ) have power over the company. Institutions will often hold stock in...

Analysis Article • Nov 22

Exmar's (EBR:EXM) Stock Price Has Reduced 76% In The Past Five Years

Exmar NV (EBR:EXM) shareholders should be happy to see the share price up 16% in the last quarter. But spare a thought...

Shareholder Returns

	EXM	BE Oil and Gas	BE Market
7D	-3.0%	-5.7%	1.1%
1Y	-6.5%	29.2%	23.4%

Return vs Industry: EXM underperformed the Belgian Oil and Gas industry which returned 29.2% over the past year.

Return vs Market: EXM underperformed the Belgian Market which returned 23.4% over the past year.

Price Volatility

Is EXM's price volatile compared to industry and market?
EXM volatility
EXM Average Weekly Movement	4.6%
Oil and Gas Industry Average Movement	6.7%
Market Average Movement	4.1%
10% most volatile stocks in BE Market	7.7%
10% least volatile stocks in BE Market	2.6%

Stable Share Price: EXM has not had significant price volatility in the past 3 months compared to the Belgian market.

Volatility Over Time: EXM's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1829	1,399	Carl Saverys	www.exmar.com

Exmar NV engages in the provision of shipping and floating infrastructure solutions worldwide. The company operates through Shipping, Infrastructure, and Supporting Services segments. It transports liquefied gas products, such as liquid natural gas, liquid petroleum gas, butane, propane, anhydrous ammonia, and petrochemical gases.

Exmar NV Fundamentals Summary

How do Exmar's earnings and revenue compare to its market cap?
EXM fundamental statistics
Market cap	€894.56m
Earnings (TTM)	€64.85m
Revenue (TTM)	€216.45m

13.7x

P/E Ratio

4.1x

P/S Ratio

Is EXM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EXM income statement (TTM)
Revenue	US$248.14m
Cost of Revenue	US$137.51m
Gross Profit	US$110.63m
Other Expenses	US$36.29m
Earnings	US$74.34m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Sep 04, 2026

Earnings per share (EPS)	0.93
Gross Margin	44.58%
Net Profit Margin	29.96%
Debt/Equity Ratio	49.8%

How did EXM perform over the long term?

See historical performance and comparison

Dividends

8.1%

Current Dividend Yield

51%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/18 17:44
End of Day Share Price	2026/06/18 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Exmar NV is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Vagman	BNP Paribas
Junior Cuigniez	Degroof Petercam
Martin Børter	DNB Carnegie

Exmar (EXM) Stock Overview

Rewards

Risk Analysis

Exmar NV Competitors

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Price History & Performance

Recent News & Updates

Upcoming dividend of €0.19 per share

New minor risk - Share price stability

Full year 2025 earnings released: EPS: US$1.15 (vs US$3.15 in FY 2024)

New minor risk - Financial data availability

Exmar NV to Report First Half, 2026 Results on Sep 04, 2026

Upcoming dividend of €0.52 per share

Recent updates

Upcoming dividend of €0.19 per share

New minor risk - Share price stability

Full year 2025 earnings released: EPS: US$1.15 (vs US$3.15 in FY 2024)

New minor risk - Financial data availability

Exmar NV to Report First Half, 2026 Results on Sep 04, 2026

Upcoming dividend of €0.52 per share

First half 2025 earnings released: EPS: US$0.77 (vs US$1.20 in 1H 2024)

New major risk - Shareholder dilution

New major risk - Share price stability

Now 40% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 17%

Exmar NV, Annual General Meeting, May 20, 2025

Full year 2024 earnings released: EPS: US$3.15 (vs US$1.25 in FY 2023)

Exmar NV to Report Fiscal Year 2025 Final Results on Apr 16, 2026

New major risk - Share price stability

Investor sentiment improves as stock rises 39%

Third quarter 2024 earnings released: EPS: US$0.21 (vs US$0.32 in 3Q 2023)

Insufficient new directors

New minor risk - Earnings quality

Second quarter 2024 earnings released: EPS: US$0.81 (vs US$0.031 in 2Q 2023)

First quarter 2024 earnings released: EPS: US$0.38 (vs US$0.34 in 1Q 2023)

Upcoming dividend of €0.66 per share

Final dividend of €0.66 announced

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Exmar NV to Report Q3, 2024 Results on Nov 08, 2024

Third quarter 2023 earnings released: EPS: US$0.32 (vs US$5.38 in 3Q 2022)

New major risk - Share price stability

Upcoming dividend of €4.08 per share

Exmar NV to Report Fiscal Year 2023 Final Results on Apr 18, 2024

Second quarter 2023 earnings released: EPS: US$0.032 (vs US$0.30 in 2Q 2022)

Exmar NV to Report Q1, 2024 Results on May 16, 2024

Consensus EPS estimates fall by 76%

Upcoming dividend of €0.70 per share at 17% yield

Investor sentiment improves as stock rises 34%

Full year 2022 earnings: EPS and revenues miss analyst expectations

High number of new directors

Is Exmar NV (EBR:EXM) Worth €9.3 Based On Its Intrinsic Value?

Upcoming dividend of €0.67 per share

Exmar NV to Report First Half, 2023 Results on Sep 08, 2023

Second quarter 2022 earnings released: EPS: US$0.31 (vs US$0.61 in 2Q 2021)

An Intrinsic Calculation For Exmar NV (EBR:EXM) Suggests It's 37% Undervalued

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

High number of new directors

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Exmar's (EBR:EXM) Conservative Accounting Might Explain Soft Earnings

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS US$0.61 (vs US$0.21 loss in 2Q 2020)

Upcoming dividend of €0.10 per share

The Attractive Combination That Could Earn Exmar NV (EBR:EXM) A Place In Your Dividend Portfolio

First quarter 2021 earnings released

There's Been No Shortage Of Growth Recently For Exmar's (EBR:EXM) Returns On Capital

Full year 2020 earnings released: EPS US$1.61 (vs US$0.23 loss in FY 2019)

Exmar's (EBR:EXM) Shareholders Are Down 61% On Their Shares

Government Receives Multiple EoI for Shipping Corporation of India

Could The Exmar NV (EBR:EXM) Ownership Structure Tell Us Something Useful?

New 90-day high: €2.95

New 90-day high: €2.61

Exmar's (EBR:EXM) Stock Price Has Reduced 76% In The Past Five Years

Third quarter earnings released

Shareholder Returns

Price Volatility

About the Company