Reach Subsea Future Growth

Future criteria checks 5/6

Reach Subsea is forecast to grow earnings and revenue by 29.3% and 8.6% per annum respectively. EPS is expected to grow by 21% per annum. Return on equity is forecast to be 33.8% in 3 years.

Key information

29.3%

Earnings growth rate

21.0%

EPS growth rate

Energy Services earnings growth	30.4%
Revenue growth rate	8.6%
Future return on equity	33.8%
Analyst coverage	Low
Last updated	17 Feb 2024

Recent future growth updates

Recent updates

Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36

Apr 25

Reach Subsea's (OB:REACH) Performance Is Even Better Than Its Earnings Suggest

Feb 22

Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36

Feb 17

Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast

Nov 13

News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts

Aug 27

We Discuss Why Reach Subsea ASA's (OB:REACH) CEO May Deserve A Higher Pay Packet

May 19

Reach Subsea's (OB:REACH) Strong Earnings Are Of Good Quality

Apr 01

Is Reach Subsea (OB:REACH) A Risky Investment?

Feb 24

Can Reach Subsea (OB:REACH) Continue To Grow Its Returns On Capital?

Jan 27

What We Learned About Reach Subsea's (OB:REACH) CEO Pay

Dec 23

Can Mixed Fundamentals Have A Negative Impact on Reach Subsea ASA (OB:REACH) Current Share Price Momentum?

Nov 27

Earnings and Revenue Growth Forecasts

OB:REACH - Analysts future estimates and past financials data (NOK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,615	500	366	997	1
12/31/2025	2,329	296	466	883	1
12/31/2024	2,298	214	468	817	1
12/31/2023	1,966	226	750	953	N/A
9/30/2023	1,849	181	443	643	N/A
6/30/2023	1,563	155	414	578	N/A
3/31/2023	1,268	112	220	411	N/A
12/31/2022	1,163	72	299	466	N/A
9/30/2022	1,013	83	352	438	N/A
6/30/2022	872	75	276	330	N/A
3/31/2022	701	47	261	265	N/A
12/31/2021	673	94	278	279	N/A
9/30/2021	626	85	240	241	N/A
6/30/2021	601	75	234	236	N/A
3/31/2021	642	86	314	314	N/A
12/31/2020	619	43	267	269	N/A
9/30/2020	596	4	192	194	N/A
6/30/2020	550	-25	190	191	N/A
3/31/2020	520	-50	139	141	N/A
12/31/2019	509	-36	157	191	N/A
9/30/2019	592	-15	219	261	N/A
6/30/2019	618	-11	241	286	N/A
3/31/2019	628	-9	204	285	N/A
12/31/2018	675	-10	201	249	N/A
9/30/2018	596	-16	186	226	N/A
6/30/2018	548	-21	77	115	N/A
3/31/2018	436	-37	37	44	N/A
12/31/2017	360	-31	8	19	N/A
9/30/2017	314	-26	N/A	3	N/A
6/30/2017	269	-35	N/A	-2	N/A
3/31/2017	280	-21	N/A	19	N/A
12/31/2016	327	-23	N/A	2	N/A
9/30/2016	397	-17	N/A	10	N/A
6/30/2016	504	-8	N/A	22	N/A
3/31/2016	634	-4	N/A	21	N/A
12/31/2015	634	1	N/A	26	N/A
9/30/2015	583	7	N/A	17	N/A
6/30/2015	492	12	N/A	26	N/A
3/31/2015	350	12	N/A	41	N/A
12/31/2014	311	25	N/A	47	N/A
9/30/2014	251	7	N/A	24	N/A
6/30/2014	184	3	N/A	-13	N/A
3/31/2014	109	-9	N/A	-21	N/A
12/31/2013	62	-16	N/A	-31	N/A
9/30/2013	39	-9	N/A	N/A	N/A
6/30/2013	5	-13	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: REACH's forecast earnings growth (29.3% per year) is above the savings rate (2.1%).

Earnings vs Market: REACH's earnings (29.3% per year) are forecast to grow faster than the Norwegian market (13.1% per year).

High Growth Earnings: REACH's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: REACH's revenue (8.6% per year) is forecast to grow faster than the Norwegian market (1.6% per year).

High Growth Revenue: REACH's revenue (8.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: REACH's Return on Equity is forecast to be high in 3 years time (33.8%)

Reach Subsea Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 20%

Reach Subsea ASA Provides Turnover Guidance for the Year 2021

Recent updates

Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Reach Subsea's (OB:REACH) Performance Is Even Better Than Its Earnings Suggest

Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36

Dividend increased to kr0.36

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Reach Subsea Asa Proposes Dividend for the Financial Year 2023, Payable on June 11, 2024

Chief Technology Officer recently bought kr205k worth of stock

Reach Subsea ASA to Report Fiscal Year 2024 Final Results on Apr 30, 2025

Consensus EPS estimates increase by 20%

Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

New minor risk - Market cap size

Reach Subsea ASA (OB:REACH) entered into an agreement to acquire Guardian Geomatics Pty. Ltd. from shareholders for AUD 15.8 million.

News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts

Chief Technology Officer recently bought kr217k worth of stock

Is Now The Time To Put Reach Subsea (OB:REACH) On Your Watchlist?

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Reach Subsea Asa Approves Cash Dividend for the Financial Year 2022, Payable on or About 8 June 2023

Upcoming dividend of kr0.18 per share at 4.3% yield

Reach Subsea Asa Proposes Cash Dividend for the Financial Year 2022, Payable on or About 8 June 2023

First quarter 2023 earnings released: EPS: kr0.02 (vs kr0.23 loss in 1Q 2022)

Reach Subsea ASA has completed a Follow-on Equity Offering in the amount of NOK 124.99675 million.

Full year 2022 earnings released: EPS: kr0.34 (vs kr0.65 in FY 2021)

Investor sentiment improves as stock rises 17%

Reach Subsea ASA to Report Q4, 2023 Results on Feb 14, 2024

Less than half of directors are independent

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Independent Director recently bought kr950k worth of stock

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Reach Subsea ASA Approves Cash Dividend, Payable on June 8, 2022

Upcoming dividend of kr0.18 per share

High number of new and inexperienced directors

Reach Subsea ASA Proposes Cash Dividend for the Financial Year 2021, Payable on 7 June 2022

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Reach Subsea Ordinary Shares to Be Deleted from Other OTC

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Reach Subsea ASA Announces Demise of Sverre B. Mikkelsen, Board Member

Reach Subsea ASA (OB:REACH) agreed to acquire iSURVEY Group AS from Norvestor VI, L.P., managed by Norvestor Equity AS, iSURVEY's management team and current and former employees for approximately NOK 140 million.

Reach Subsea ASA announced that it expects to receive NOK 149.911343 million in funding

Full year 2021 earnings: EPS and revenues exceed analyst expectations

With EPS Growth And More, Reach Subsea (OB:REACH) Is Interesting

Reach Subsea ASA Proposes Dividend

Reach Subsea ASA (OB:REACH) entered into an agreement to acquire Octio AS from Equinor Ventures AS.

Independent Director recently bought kr1.5m worth of stock

Third quarter 2021 earnings released: EPS kr0.31 (vs kr0.23 in 3Q 2020)

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS kr0.11 (vs kr0.22 in 2Q 2020)

The Trend Of High Returns At Reach Subsea (OB:REACH) Has Us Very Interested

Upcoming dividend of kr0.15 per share

Reach Subsea ASA's (OB:REACH) CEO Looks Due For A Compensation Raise

Reach Subsea ASA Decides to Propose Cash Dividend for the Financial Year 2020, Payable on 21 June 2021

Upcoming dividend of kr0.15 per share

We Discuss Why Reach Subsea ASA's (OB:REACH) CEO May Deserve A Higher Pay Packet

First quarter 2021 earnings released: EPS kr0.08 (vs kr0.22 loss in 1Q 2020)

Reach Subsea ASA Proposes Dividend for 2020

Reach Subsea's (OB:REACH) Strong Earnings Are Of Good Quality

Reach Subsea ASA Provides Turnover Guidance for the Year 2021

Full year 2020 earnings released: EPS kr0.31 (vs kr0.25 loss in FY 2019)

Is Reach Subsea (OB:REACH) A Risky Investment?

Reach Subsea ASA and MMT Sweden Awards A Three-Year Contract

New 90-day high: kr2.86

Can Reach Subsea (OB:REACH) Continue To Grow Its Returns On Capital?

Reach Subsea ASA Provides Update on Reach Remote, New and Future-Proof, Sustainable Solutions for Subsea Services

New 90-day high: kr2.40

What We Learned About Reach Subsea's (OB:REACH) CEO Pay

Reach Subsea ASA to Report Q4, 2021 Results on Feb 08, 2022

Can Mixed Fundamentals Have A Negative Impact on Reach Subsea ASA (OB:REACH) Current Share Price Momentum?

Third quarter 2020 earnings released: EPS kr0.23

New 90-day high: kr2.04

New 90-day high: kr1.94