Executive Summary
Subsea 7 S.A. delivers offshore projects and services for the evolving energy industry worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Subsea 7's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SOC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
10.6%
SOC
19.0%
DE Energy Services
6.8%
DE Market
1 Year Return
-47.5%
SOC
-41.5%
DE Energy Services
5.6%
DE Market
Return vs Industry: SOC matched the German Energy Services industry which returned -48.4% over the past year.
Return vs Market: SOC underperformed the German Market which returned 0.5% over the past year.
Shareholder returns
| SOC | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.6% | 19.0% | 6.8% |
| 30 Day | 15.0% | 18.2% | 14.0% |
| 90 Day | -33.2% | -15.0% | 7.5% |
| 1 Year | -47.5%-47.5% | -40.5%-41.5% | 7.4%5.6% |
| 3 Year | -52.5%-55.2% | -49.1%-53.3% | 0.3%-7.3% |
| 5 Year | -36.2%-41.9% | -72.4%-84.7% | 12.4%-2.0% |
Price Volatility Vs. Market
How volatile is Subsea 7's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Subsea 7 undervalued compared to its fair value and its price relative to the market?
0.39x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: SOC (€5.37) is trading above our estimate of fair value (€5.13)
Significantly Below Fair Value: SOC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SOC is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: SOC is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SOC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SOC is good value based on its PB Ratio (0.4x) compared to the XE Energy Services industry average (0.4x).
Next Steps
Future Growth
How is Subsea 7 forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
64.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SOC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).
Earnings vs Market: SOC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SOC's is expected to become profitable in the next 3 years.
Revenue vs Market: SOC's revenue is expected to decline over the next 3 years (-0.2% per year).
High Growth Revenue: SOC's revenue is forecast to decline over the next 3 years (-0.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SOC's Return on Equity is forecast to be low in 3 years time (0.9%).
Next Steps
Past Performance
How has Subsea 7 performed over the past 5 years?
30.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOC is currently unprofitable.
Growing Profit Margin: SOC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SOC is unprofitable, but has reduced losses over the past 5 years at a rate of 30.4% per year.
Accelerating Growth: Unable to compare SOC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SOC is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (8%).
Return on Equity
High ROE: SOC has a negative Return on Equity (-1.93%), as it is currently unprofitable.
Next Steps
Financial Health
How is Subsea 7's financial position?
Financial Position Analysis
Short Term Liabilities: SOC's short term assets ($1.6B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: SOC's short term assets ($1.6B) exceed its long term liabilities ($580.6M).
Debt to Equity History and Analysis
Debt Level: SOC's debt to equity ratio (4.3%) is considered satisfactory.
Reducing Debt: SOC's debt to equity ratio has reduced from 11.9% to 4.3% over the past 5 years.
Debt Coverage: SOC's debt is well covered by operating cash flow (167.5%).
Interest Coverage: SOC is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Subsea 7's current dividend yield, its reliability and sustainability?
0.85%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SOC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SOC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SOC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SOC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SOC is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SOC's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.8yrs
Average management tenure
CEO
John Evans (56yo)
0.42
Tenure
Mr. John Evans has been Chief Executive Officer of Subsea 7 SA since January 1, 2020 and served as its Chief Operating Officer since July 2005 until Jnauary 01, 2020. Mr. Evans has over 25 years experience ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 0.42yr | no data | 0.024% $429.5k | |
| Chief Financial Officer | 7.92yrs | no data | 0.011% $203.6k | |
| Executive Vice President of Projects & Operations | 0.42yr | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| General Counsel | 8.17yrs | no data | 0.0075% $135.2k | |
| Executive Vice President of Human Resources | 0.75yr | no data | 0.0038% $68.7k | |
| Senior Vice President of Brazil | no data | no data | no data | |
| Senior Vice President of Alliances | no data | no data | no data | |
| Executive Vice President of Alliances & Strategy | 2.42yrs | no data | 0.0046% $83.2k | |
| Executive Vice President of SURF & Conventional | 0.42yr | no data | no data |
0.8yrs
Average Tenure
53yo
Average Age
Experienced Management: SOC's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Executive Director | 12.08yrs | no data | 0.057% $1.0m | |
| Independent Non-Executive Director | 10.5yrs | US$119.00k | 0.0014% $24.4k | |
| Chairman | 9.42yrs | US$200.00k | no data | |
| Senior Non-Executive Independent Director | 2.08yrs | US$105.00k | 0.0036% $64.7k | |
| Non-Executive Independent Director | 1.17yrs | US$105.00k | 0.00028% $5.1k | |
| Independent Non-Executive Director | 2.17yrs | US$105.00k | no data | |
| Independent Non-Executive Director | 2.17yrs | US$111.00k | no data |
2.2yrs
Average Tenure
65yo
Average Age
Experienced Board: SOC's board of directors are not considered experienced ( 2.2 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Subsea 7 S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Subsea 7 S.A.
- Ticker: SOC
- Exchange: DB
- Founded: 1993
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr19.313b
- Listing Market Cap: kr1.808b
- Shares outstanding: 297.21m
- Website: https://www.subsea7.com
Number of Employees
Location
- Subsea 7 S.A.
- 412F, Route d'Esch
- Luxembourg City
- 2086
- Luxembourg
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SUBC | OB (Oslo Bors) | Yes | Common Shares | NO | NOK | May 1993 |
| ACGY.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | May 1993 |
| 0OGK | LSE (London Stock Exchange) | Yes | Common Shares | GB | NOK | May 1993 |
| SOC | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | May 1993 |
| SUBCO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | NOK | May 1993 |
| SUBC.Y | OTCPK (Pink Sheets LLC) | ADR EACH REPR 1 COM SPON | US | USD | Jun 1998 | |
| SOCA | DB (Deutsche Boerse AG) | ADR EACH REPR 1 COM SPON | DE | EUR | Jun 1998 |
Biography
Subsea 7 S.A. delivers offshore projects and services for the evolving energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore. The company also offers engineering, procurement, construction, and installation of subsea umbilicals, risers, and flowlines; life of field services, such as inspection, repair, maintenance, integrity management, and remote intervention of subsea infrastructure; conventional services comprising fabrication, installation, extension, and refurbishment of fixed and floating platforms and associated pipelines; hook-up services; and refurbishment of fixed and floating platforms and associated pipelines in shallow water. In addition, it operates heavy lifting operations for oil and gas structures; and installs offshore wind farm foundations and inter-array cables, as well as engages in the decommissioning of redundant offshore structures. Further, the company provides remotely operated vehicles (ROVs) and tooling services to support exploration and production activities. It has a fleet of 5 chartered vessels and 91 ROVs. Subsea 7 S.A. was incorporated in 1993 and is based in Luxembourg City, Luxembourg.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/03 22:37 |
| End of Day Share Price | 2020/06/03 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.