Reach Subsea (4RS) Stock Overview

Provides subsea services in Norway and internationally. More details

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

Rewards

Trading at 88.4% below our estimate of its fair value

Risk Analysis

Dividend of 3.5% is not well covered by earnings

4RS Community Fair Values

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Reach Subsea ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Reach Subsea
Historical stock prices
Current Share Price	NOK 0.44
52 Week High	NOK 0.66
52 Week Low	NOK 0.41
Beta	-0.16
1 Month Change	-3.92%
3 Month Change	-29.70%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-22.13%

Recent updates

Shareholder Returns

	4RS	DE Energy Services	DE Market
7D	1.5%	3.1%	0.1%
1Y	n/a	43.1%	-0.5%

Return vs Industry: Insufficient data to determine how 4RS performed against the German Energy Services industry.

Return vs Market: Insufficient data to determine how 4RS performed against the German Market.

Price Volatility

Is 4RS's price volatile compared to industry and market?
4RS volatility
4RS Average Weekly Movement	6.2%
Energy Services Industry Average Movement	5.1%
Market Average Movement	5.3%
10% most volatile stocks in DE Market	12.7%
10% least volatile stocks in DE Market	2.7%

Stable Share Price: 4RS has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 4RS's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1909	500	Jostein Alendal	reachsubsea.no

Reach Subsea ASA provides subsea services in Norway and internationally. It operates in two segments, Oil & Gas and Renewable/Other. The company offers subsea services, including engineering solutions and project management for offshore operations; inspection, maintenance, and repair services, such as structural inspections, WROV operation, SCM changeout, scale squeeze operations, water injection, ready for operation, subsea equipment maintenance, repair, commissioning, and boulder clearance; asset integrity and pipeline inspection services; and construction support services, including seabed intervention, boulder clearance, touchdown monitoring, and pre-lay and post-lay surveys, as well as vessel, personnel, survey, and on demand engineering.

Reach Subsea ASA Fundamentals Summary

How do Reach Subsea's earnings and revenue compare to its market cap?
4RS fundamental statistics
Market cap	€144.93m
Earnings (TTM)	-€12.52m
Revenue (TTM)	€230.96m

0.6x

P/S Ratio

-11.6x

P/E Ratio

Is 4RS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
4RS income statement (TTM)
Revenue	NOK 2.53b
Cost of Revenue	NOK 488.21m
Gross Profit	NOK 2.04b
Other Expenses	NOK 2.18b
Earnings	-NOK 137.14m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 18, 2026

Earnings per share (EPS)	-0.42
Gross Margin	80.70%
Net Profit Margin	-5.42%
Debt/Equity Ratio	61.2%

How did 4RS perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

-40%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/22 19:07
End of Day Share Price	2026/07/22 00:00
Earnings	2026/03/31
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

Reach Subsea ASA is covered by 2 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
Glenn Lodden	DNB Carnegie
Martin Korsvold	Pareto Securities

Reach Subsea ASADB:4RS Stock Report