Reach Subsea (OB:REACH) - Stock Price, News & Analysis

REACH Stock Overview

Provides subsea services in Norway and internationally.

REACH fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	5/6
Past Performance	6/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 51.5% below our estimate of its fair value

Earnings are forecast to grow 34.71% per year

Earnings grew by 102.7% over the past year

Risk Analysis

Shareholders have been diluted in the past year

Unstable dividend track record

Significant insider selling over the past 3 months

Reach Subsea ASA Competitors

NorAm Drilling

OB:NORAM

NOK 1.7b

ABL Group

OB:ABL

NOK 1.6b

Eidesvik Offshore

OB:EIOF

NOK 1.2b

Sea1 Offshore

OB:SEA1

NOK 6.9b

Price History & Performance

Summary of all time highs, changes and price drops for Reach Subsea
Historical stock prices
Current Share Price	NOK 8.10
52 Week High	NOK 8.92
52 Week Low	NOK 3.55
Beta	1.04
11 Month Change	21.26%
3 Month Change	31.92%
1 Year Change	110.94%
33 Year Change	164.71%
5 Year Change	291.30%
Change since IPO	-99.88%

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

Jun 26

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

Jun 22

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

May 30

Recent updates

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

Jun 26

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

Jun 22

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

May 30

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

May 24

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

Shareholder Returns

	REACH	NO Energy Services	NO Market
7D	0.7%	3.7%	1.4%
1Y	110.9%	26.1%	7.1%

Return vs Industry: REACH exceeded the Norwegian Energy Services industry which returned 26.1% over the past year.

Return vs Market: REACH exceeded the Norwegian Market which returned 7.1% over the past year.

Price Volatility

Is REACH's price volatile compared to industry and market?
REACH volatility
REACH Average Weekly Movement	5.0%
Energy Services Industry Average Movement	5.4%
Market Average Movement	5.0%
10% most volatile stocks in NO Market	10.9%
10% least volatile stocks in NO Market	2.8%

Stable Share Price: REACH's share price has been volatile over the past 3 months.

Volatility Over Time: REACH's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1909	360	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

How do Reach Subsea's earnings and revenue compare to its market cap?
REACH fundamental statistics
Market cap	NOK 2.20b
Earnings (TTM)	NOK 226.12m
Revenue (TTM)	NOK 2.31b

9.7x

P/E Ratio

1.0x

P/S Ratio

Is REACH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
REACH income statement (TTM)
Revenue	NOK 2.31b
Cost of Revenue	NOK 519.88m
Gross Profit	NOK 1.79b
Other Expenses	NOK 1.56b
Earnings	NOK 226.12m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 27, 2024

Earnings per share (EPS)	0.83
Gross Margin	77.47%
Net Profit Margin	9.80%
Debt/Equity Ratio	6.1%

How did REACH perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

41%

Payout Ratio

REACH Stock Overview

Rewards

Risk Analysis

Reach Subsea ASA Competitors

OB:NORAM

NOK 1.7b

OB:ABL

NOK 1.6b

OB:EIOF

NOK 1.2b

OB:SEA1

NOK 6.9b

Price History & Performance

Recent News & Updates

Independent Director recently sold kr877k worth of stock

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

Consensus EPS estimates fall by 12%, revenue upgraded

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

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

Upcoming dividend of kr0.36 per share

Recent updates

Independent Director recently sold kr877k worth of stock

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

Consensus EPS estimates fall by 12%, revenue upgraded

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

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

Upcoming dividend of kr0.36 per share

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

First quarter 2024 earnings released: EPS: kr0.02 (vs kr0.02 in 1Q 2023)

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