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EXM

Exmar ENXTBR:EXM Stock Report

Last Price

€5.19

Market Cap

€297.0m

7D

14.2%

1Y

36.2%

Updated

17 May, 2022

Data

Company Financials +
EXM fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance1/6
Financial Health3/6
Dividends1/6

EXM Stock Overview

Exmar NV provides shipping and energy supply chain solutions worldwide.

Exmar Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Exmar
Historical stock prices
Current Share Price€5.19
52 Week High€6.20
52 Week Low€3.48
Beta0.54
1 Month Change-15.06%
3 Month Change11.02%
1 Year Change36.22%
3 Year Change-12.03%
5 Year Change-4.60%
Change since IPO-20.40%

Recent News & Updates

Mar 25
Exmar's (EBR:EXM) Conservative Accounting Might Explain Soft Earnings

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...

Shareholder Returns

EXMBE Oil and GasBE Market
7D14.2%4.6%2.9%
1Y36.2%14.9%-1.2%

Return vs Industry: EXM exceeded the Belgian Oil and Gas industry which returned 13.2% over the past year.

Return vs Market: EXM exceeded the Belgian Market which returned -3.9% over the past year.

Price Volatility

Is EXM's price volatile compared to industry and market?
EXM volatility
EXM Average Weekly Movement9.5%
Oil and Gas Industry Average Movement9.0%
Market Average Movement5.2%
10% most volatile stocks in BE Market7.9%
10% least volatile stocks in BE Market3.1%

Stable Share Price: EXM is more volatile than 90% of Belgian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: EXM's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Belgian stocks.

About the Company

FoundedEmployeesCEOWebsite
18291,849Francis Mottriehttps://www.exmar.com

Exmar NV provides shipping and energy supply chain solutions worldwide. It operates through three segments: Shipping, Infrastructure, and Supporting Services. The company transports liquefied gas products, such as liquid petroleum gas, butane, propane, anhydrous ammonia, and petrochemical gases.

Exmar Fundamentals Summary

How do Exmar's earnings and revenue compare to its market cap?
EXM fundamental statistics
Market CapUS$312.84m
Earnings (TTM)US$6.10m
Revenue (TTM)US$139.43m

51.3x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EXM income statement (TTM)
RevenueUS$139.43m
Cost of RevenueUS$72.42m
Gross ProfitUS$67.01m
Other ExpensesUS$60.91m
EarningsUS$6.10m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Sep 08, 2022

Earnings per share (EPS)0.11
Gross Margin48.06%
Net Profit Margin4.37%
Debt/Equity Ratio79.2%

How did EXM perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

85%

Payout Ratio

Valuation

Is Exmar undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: EXM (€5.19) is trading below our estimate of fair value (€11.32)

Significantly Below Fair Value: EXM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: EXM is poor value based on its PE Ratio (51.3x) compared to the European Oil and Gas industry average (9.7x).

PE vs Market: EXM is poor value based on its PE Ratio (51.3x) compared to the Belgian market (12.1x).


Price to Earnings Growth Ratio

PEG Ratio: EXM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: EXM is good value based on its PB Ratio (0.6x) compared to the XE Oil and Gas industry average (1x).


Future Growth

How is Exmar forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-86.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EXM's earnings are forecast to decline over the next 3 years (-86.3% per year).

Earnings vs Market: EXM's earnings are forecast to decline over the next 3 years (-86.3% per year).

High Growth Earnings: EXM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: EXM's revenue (11.1% per year) is forecast to grow faster than the Belgian market (1% per year).

High Growth Revenue: EXM's revenue (11.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if EXM's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Exmar performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


29.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EXM has a large one-off loss of $15.9M impacting its March 31 2022 financial results.

Growing Profit Margin: EXM's current net profit margins (4.4%) are lower than last year (26.6%).


Past Earnings Growth Analysis

Earnings Trend: EXM's earnings have grown significantly by 29.4% per year over the past 5 years.

Accelerating Growth: EXM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EXM had negative earnings growth (-91.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (53.9%).


Return on Equity

High ROE: EXM's Return on Equity (1.1%) is considered low.


Financial Health

How is Exmar's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: EXM's short term assets ($234.1M) exceed its short term liabilities ($149.5M).

Long Term Liabilities: EXM's short term assets ($234.1M) do not cover its long term liabilities ($315.3M).


Debt to Equity History and Analysis

Debt Level: EXM's net debt to equity ratio (65.6%) is considered high.

Reducing Debt: EXM's debt to equity ratio has reduced from 108.7% to 79.2% over the past 5 years.

Debt Coverage: EXM's debt is well covered by operating cash flow (26.3%).

Interest Coverage: EXM's interest payments on its debt are not well covered by EBIT (0.9x coverage).


Balance Sheet


Dividend

What is Exmar current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.52%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: EXM's dividend (1.52%) isn’t notable compared to the bottom 25% of dividend payers in the Belgian market (1.69%).

High Dividend: EXM's dividend (1.52%) is low compared to the top 25% of dividend payers in the Belgian market (5.82%).


Stability and Growth of Payments

Stable Dividend: EXM's dividend payments have been volatile in the past 10 years.

Growing Dividend: EXM's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (85.4%), EXM's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: EXM is paying a dividend but the company has no free cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Francis Mottrie (57 yo)

2.08yrs

Tenure

US$653,929

Compensation

Mr. Francis Mottrie has been Chief Executive Officer and Executive Director of Exmar NV since April 14, 2020 . He has been the Chief Executive Officer of Bexco nv-sa since May 2012. Mr. Mottrie has 25 year...


CEO Compensation Analysis

Compensation vs Market: Francis's total compensation ($USD653.93K) is about average for companies of similar size in the Belgian market ($USD691.71K).

Compensation vs Earnings: Francis's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: EXM's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: EXM's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Exmar NV's employee growth, exchange listings and data sources


Key Information

  • Name: Exmar NV
  • Ticker: EXM
  • Exchange: ENXTBR
  • Founded: 1829
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: €297.007m
  • Shares outstanding: 57.23m
  • Website: https://www.exmar.com

Number of Employees


Location

  • Exmar NV
  • De Gerlachekaai 20
  • Antwerp
  • Antwerp
  • 2000
  • Belgium

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.