REACH Stock Overview
Provides subsea services in Norway and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 5/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
My Notes
Capture your thoughts, links and company narrative
Reach Subsea ASA Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 7.88 |
| 52 Week High | NOK 10.65 |
| 52 Week Low | NOK 4.28 |
| Beta | 0.95 |
| 1 Month Change | -11.26% |
| 3 Month Change | -0.76% |
| 1 Year Change | 75.11% |
| 3 Year Change | 158.36% |
| 5 Year Change | 427.09% |
| Change since IPO | -99.88% |
Recent News & Updates
Insufficient Growth At Reach Subsea ASA (OB:REACH) Hampers Share Price
Dec 06
Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit
Sep 04Recent updates
Insufficient Growth At Reach Subsea ASA (OB:REACH) Hampers Share Price
Dec 06Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit
Sep 04Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today
Aug 06Subdued Growth No Barrier To Reach Subsea ASA (OB:REACH) With Shares Advancing 26%
Jun 26Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?
Jun 22Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year
May 30We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise
May 24Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36
Apr 25Reach Subsea's (OB:REACH) Performance Is Even Better Than Its Earnings Suggest
Feb 22Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36
Feb 17Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast
Nov 13News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts
Aug 27Is Now The Time To Put Reach Subsea (OB:REACH) On Your Watchlist?
Aug 25With EPS Growth And More, Reach Subsea (OB:REACH) Is Interesting
Feb 08The Trend Of High Returns At Reach Subsea (OB:REACH) Has Us Very Interested
Jul 20Reach Subsea ASA's (OB:REACH) CEO Looks Due For A Compensation Raise
Jun 04We Discuss Why Reach Subsea ASA's (OB:REACH) CEO May Deserve A Higher Pay Packet
May 19Shareholder Returns
| REACH | NO Energy Services | NO Market | |
|---|---|---|---|
| 7D | 2.3% | 0.8% | 1.4% |
| 1Y | 75.1% | -4.5% | 0.3% |
Return vs Industry: REACH exceeded the Norwegian Energy Services industry which returned -4.5% over the past year.
Return vs Market: REACH exceeded the Norwegian Market which returned 0.3% over the past year.
Price Volatility
| REACH volatility | |
|---|---|
| REACH Average Weekly Movement | 6.3% |
| Energy Services Industry Average Movement | 5.2% |
| Market Average Movement | 4.9% |
| 10% most volatile stocks in NO Market | 11.1% |
| 10% least volatile stocks in NO Market | 2.6% |
Stable Share Price: REACH has not had significant price volatility in the past 3 months compared to the Norwegian market.
Volatility Over Time: REACH's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1909 | 400 | 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 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; and construction support services, including seabed intervention, boulder clearance, touchdown monitoring, and pre-lay and post- lay survey, as well as vessel, remotely operated vehicles, personnel, survey, and on demand engineering.
Reach Subsea ASA Fundamentals Summary
| REACH fundamental statistics | |
|---|---|
| Market cap | NOK 2.15b |
| Earnings (TTM) | NOK 241.33m |
| Revenue (TTM) | NOK 2.48b |
8.9x
P/E Ratio0.9x
P/S RatioIs REACH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| REACH income statement (TTM) | |
|---|---|
| Revenue | NOK 2.48b |
| Cost of Revenue | NOK 611.75m |
| Gross Profit | NOK 1.87b |
| Other Expenses | NOK 1.62b |
| Earnings | NOK 241.33m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
Feb 13, 2025
| Earnings per share (EPS) | 0.89 |
| Gross Margin | 75.30% |
| Net Profit Margin | 9.74% |
| Debt/Equity Ratio | 8.1% |
How did REACH perform over the long term?
See historical performance and comparisonDividends
4.6%
Current Dividend Yield40%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 18:41 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
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 .
Analyst Sources
Reach Subsea ASA is covered by 5 analysts. 1 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 Markets |
| Øystein Vaagen | Fearnley Securities |
| Magnus Andersen | Fearnley Securities |