Subsea 7 S.A. delivers offshore projects and services for the evolving energy industry worldwide.
Flawless balance sheet and fair value.
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: SOCA's share price has been volatile over the past 3 months.
7 Day Return
DE Energy Services
1 Year Return
DE Energy Services
Return vs Industry: SOCA exceeded the German Energy Services industry which returned -21.7% over the past year.
Return vs Market: SOCA underperformed the German Market which returned 8.3% over the past year.
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
Is Subsea 7 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: SOCA (€8.5) is trading below our estimate of fair value (€20.34)
Significantly Below Fair Value: SOCA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SOCA is poor value based on its PE Ratio (33.6x) compared to the Energy Services industry average (10.6x).
PE vs Market: SOCA is poor value based on its PE Ratio (33.6x) compared to the German market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: SOCA is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: SOCA is good value based on its PB Ratio (0.5x) compared to the XE Energy Services industry average (0.7x).
How is Subsea 7 forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SOCA's forecast earnings growth (28.8% per year) is above the savings rate (-0.4%).
Earnings vs Market: SOCA's earnings (28.8% per year) are forecast to grow faster than the German market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SOCA's revenue (4.6% per year) is forecast to grow slower than the German market (5.1% per year).
High Growth Revenue: SOCA's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SOCA's Return on Equity is forecast to be low in 3 years time (5%).
How has Subsea 7 performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOCA has high quality earnings.
Growing Profit Margin: SOCA's current net profit margins (2.4%) are lower than last year (5%).
Past Earnings Growth Analysis
Earnings Trend: SOCA's earnings have grown significantly by 29.3% per year over the past 5 years.
Accelerating Growth: SOCA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SOCA had negative earnings growth (-55.2%) over the past year, making it difficult to compare to the Energy Services industry average (46.6%).
Return on Equity
High ROE: SOCA's Return on Equity (1.4%) is considered low.
Return on Assets
Return on Capital Employed
How is Subsea 7's financial position?
Financial Position Analysis
Short Term Liabilities: SOCA's short term assets ($1.8B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: SOCA's short term assets ($1.8B) exceed its long term liabilities ($640.8M).
Debt to Equity History and Analysis
Debt Level: SOCA's debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: SOCA's debt to equity ratio has reduced from 12.3% to 4.4% over the past 5 years.
Debt Coverage: SOCA's debt is well covered by operating cash flow (158.9%).
Interest Coverage: SOCA's interest payments on its debt are well covered by EBIT (19x coverage).
Inventory Level: SOCA has a high level of physical assets or inventory.
Debt Coverage by Assets: SOCA's debt is covered by short term assets (assets are 7.3x debt).
What is Subsea 7's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SOCA's dividend (1.65%) is higher than the bottom 25% of dividend payers in the German market (1.38%).
High Dividend: SOCA's dividend (1.65%) is low compared to the top 25% of dividend payers in the German market (3.73%).
Stability and Growth of Payments
Stable Dividend: SOCA's dividend payments have been volatile in the past 10 years.
Growing Dividend: SOCA's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SOCA's dividends in 3 years are forecast to be well covered by earnings (44.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Evans (56yo)
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 ...
|Chief Executive Officer||0.08yrs||no data||0.024% $632.4k|
|Chief Financial Officer||7.6yrs||no data||0.011% $299.7k|
|Head of Investor Relations||0yrs||no data||no data|
|General Counsel||7.8yrs||no data||0.0074% $199.1k|
|Executive Vice President - Human Resources||0.4yrs||no data||0.0038% $101.2k|
|Senior Vice President of Brazil||0yrs||no data||no data|
|Senior Vice President of Alliances||0yrs||no data||no data|
|Executive Vice President of Alliances and Strategy||2.1yrs||no data||0.0046% $122.6k|
|Executive Vice President of SURF and Conventional||0.08yrs||no data||no data|
|Executive Vice President of Renewables||0.08yrs||no data||no data|
Experienced Management: SOCA's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
|Non-Executive Director||11.8yrs||no data||0.057% $1.5m|
|Independent Director||10.2yrs||US$119.00k||0.0013% $35.9k|
|Senior Independent Director||1.8yrs||US$105.00k||0.0036% $95.3k|
|Independent Director||1.8yrs||US$74.55k||no data|
|Independent Director||1.8yrs||US$78.81k||no data|
|Non-Executive Independent Director||0.8yrs||no data||no data|
Experienced Board: SOCA'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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Subsea 7 S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Subsea 7 S.A.
- Ticker: SOCA
- Exchange: DB
- Founded: 1993
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr27.111b
- Listing Market Cap: kr2.676b
- Shares outstanding: 298.84m
- Website: https://www.subsea7.com
Number of Employees
- Subsea 7 S.A.
- 412F, Route d'Esch
- Luxembourg City
|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|
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 in shallow water. In addition, it operates heavy lifting vessels and 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 35 vessels; 2 vessels under construction; and 166 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||2020/02/24 20:30|
|End of Day Share Price||2020/02/24 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.