Reach Subsea ASA

OB:REACH Stock Report

Market Cap: NOK 2.2b

Reach Subsea Past Earnings Performance

Past criteria checks 4/6

Reach Subsea has been growing earnings at an average annual rate of 53.5%, while the Energy Services industry saw earnings growing at 40.3% annually. Revenues have been growing at an average rate of 35.7% per year. Reach Subsea's return on equity is 23.5%, and it has net margins of 9.7%.

Key information

53.5%

Earnings growth rate

43.9%

EPS growth rate

Energy Services Industry Growth25.6%
Revenue growth rate35.7%
Return on equity23.5%
Net Margin9.7%
Next Earnings Update13 Feb 2025

Recent past performance updates

Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Sep 04
Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Recent updates

Insufficient Growth At Reach Subsea ASA (OB:REACH) Hampers Share Price

Dec 06
Insufficient Growth At Reach Subsea ASA (OB:REACH) Hampers Share Price

Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Sep 04
Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today

Aug 06
Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today

Subdued Growth No Barrier To Reach Subsea ASA (OB:REACH) With Shares Advancing 26%

Jun 26
Subdued Growth No Barrier To Reach Subsea ASA (OB:REACH) With Shares Advancing 26%

Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?

Jun 22
Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?

Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year

May 30
Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year

We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

May 24
We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

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

Apr 25
Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36

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

Feb 22
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

Feb 17
Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36

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

Nov 13
Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast

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

Aug 27
News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts

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

Aug 25
Is Now The Time To Put Reach Subsea (OB:REACH) On Your Watchlist?

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

Feb 08
With EPS Growth And More, Reach Subsea (OB:REACH) Is Interesting

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

Jul 20
The Trend Of High Returns At Reach Subsea (OB:REACH) Has Us Very Interested

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

Jun 04
Reach Subsea ASA's (OB:REACH) CEO Looks Due For A Compensation Raise

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

May 19
We Discuss Why Reach Subsea ASA's (OB:REACH) CEO May Deserve A Higher Pay Packet

Revenue & Expenses Breakdown

How Reach Subsea makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OB:REACH Revenue, expenses and earnings (NOK Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 242,4772415060
30 Jun 242,2942274860
31 Mar 242,3072264630
31 Dec 231,9662264240
30 Sep 231,8491813470
30 Jun 231,5631553210
31 Mar 231,2681123060
31 Dec 221,163722810
30 Sep 221,013832190
30 Jun 22872751740
31 Mar 22701471430
31 Dec 21673941290
30 Sep 21626851190
30 Jun 21601751170
31 Mar 21642861210
31 Dec 20619431180
30 Sep 205964950
30 Jun 20550-25900
31 Mar 20520-50850
31 Dec 19509-36810
30 Sep 19592-15810
30 Jun 19618-11810
31 Mar 19628-9820
31 Dec 18675-10890
30 Sep 18596-16860
30 Jun 18548-21860
31 Mar 18436-37800
31 Dec 17360-31740
30 Sep 17314-261250
30 Jun 17269-351000
31 Mar 17280-21800
31 Dec 16327-23630
30 Sep 16397-175100
30 Jun 16504-85100
31 Mar 16634-45100
31 Dec 1563415100
30 Sep 1558372050
30 Jun 15492122050
31 Mar 15350122050
31 Dec 14311252050
30 Sep 142517580
30 Jun 141843580
31 Mar 14109-9580

Quality Earnings: REACH has high quality earnings.

Growing Profit Margin: REACH's current net profit margins (9.7%) are lower than last year (9.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: REACH has become profitable over the past 5 years, growing earnings by 53.5% per year.

Accelerating Growth: REACH's earnings growth over the past year (33.5%) is below its 5-year average (53.5% per year).

Earnings vs Industry: REACH earnings growth over the past year (33.5%) exceeded the Energy Services industry 17.8%.

Return on Equity

High ROE: REACH's Return on Equity (23.5%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/22 02:10
End of Day Share Price 2025/01/22 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Glenn LoddenDNB Markets
Øystein VaagenFearnley Securities
Magnus AndersenFearnley Securities