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Subsea 7 OB:SUBC Stock Report

Last Price

NOK 187.30

Market Cap

NOK 55.4b

7D

-2.0%

1Y

32.0%

Updated

31 Jan, 2025

Data

Company Financials +

Subsea 7 S.A.

OB:SUBC Stock Report

Market Cap: NOK 55.4b

SUBC Stock Overview

Subsea 7 S.A. delivers offshore projects and services for the energy industry worldwide. More details

SUBC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends2/6

Rewards

Trading at 73.3% below our estimate of its fair value

Earnings are forecast to grow 34.41% per year

Earnings grew by 169.3% over the past year

Analysts in good agreement that stock price will rise by 27.1%

Risk Analysis

Significant insider selling over the past 3 months


Community Narratives

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Narratives bring a range of perspectives from our community.

WA
Analyst Price Target
Consensus Narrative from 17 Analysts

Robust $11 Billion Backlog Will Positively Impact Future Earnings And Cash Flow

Key Takeaways Subsea7 anticipates strong EBITDA growth with a robust backlog and strategic deepwater contract focus, positively impacting earnings and cash flow. Promising offshore wind prospects and shareholder returns support long-term revenue growth and stable dividends.
View narrative
NOK 237.94
FV
21.3% undervalued intrinsic discount
4.27%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
3 days ago author updated this narrative

My Notes

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Subsea 7 S.A. Competitors

TGS

OB:TGS

NOK 22.4b

Aker Solutions

OB:AKSO

NOK 15.5b

DOF Group

OB:DOFG

NOK 17.6b

BW Offshore

OB:BWO

NOK 5.7b

Price History & Performance

Summary of share price highs, lows and changes for Subsea 7
Historical stock prices
Current Share PriceNOK 187.30
52 Week HighNOK 218.20
52 Week LowNOK 134.15
Beta1.32
1 Month Change4.00%
3 Month Change9.92%
1 Year Change31.99%
3 Year Change179.05%
5 Year Change93.89%
Change since IPO112.84%

Recent News & Updates

Subsea 7 S.A.'s (OB:SUBC) Price In Tune With Earnings

Jan 31
Subsea 7 S.A.'s (OB:SUBC) Price In Tune With Earnings

Subsea 7 (OB:SUBC) Seems To Use Debt Rather Sparingly

Jan 15
Subsea 7 (OB:SUBC) Seems To Use Debt Rather Sparingly

We Think Subsea 7's (OB:SUBC) Profit Is Only A Baseline For What They Can Achieve

Nov 29
We Think Subsea 7's (OB:SUBC) Profit Is Only A Baseline For What They Can Achieve

Recent updates

Subsea 7 S.A.'s (OB:SUBC) Price In Tune With Earnings

Jan 31
Subsea 7 S.A.'s (OB:SUBC) Price In Tune With Earnings

Subsea 7 (OB:SUBC) Seems To Use Debt Rather Sparingly

Jan 15
Subsea 7 (OB:SUBC) Seems To Use Debt Rather Sparingly

We Think Subsea 7's (OB:SUBC) Profit Is Only A Baseline For What They Can Achieve

Nov 29
We Think Subsea 7's (OB:SUBC) Profit Is Only A Baseline For What They Can Achieve

Results: Subsea 7 S.A. Beat Earnings Expectations And Analysts Now Have New Forecasts

Nov 24
Results: Subsea 7 S.A. Beat Earnings Expectations And Analysts Now Have New Forecasts

There's Been No Shortage Of Growth Recently For Subsea 7's (OB:SUBC) Returns On Capital

Nov 02
There's Been No Shortage Of Growth Recently For Subsea 7's (OB:SUBC) Returns On Capital

Shareholders Should Be Pleased With Subsea 7 S.A.'s (OB:SUBC) Price

Oct 18
Shareholders Should Be Pleased With Subsea 7 S.A.'s (OB:SUBC) Price

Subsea 7 S.A. (OB:SUBC) Just Released Its Second-Quarter Earnings: Here's What Analysts Think

Jul 28
Subsea 7 S.A. (OB:SUBC) Just Released Its Second-Quarter Earnings: Here's What Analysts Think

Is Subsea 7 (OB:SUBC) Using Too Much Debt?

Jul 12
Is Subsea 7 (OB:SUBC) Using Too Much Debt?

The Returns At Subsea 7 (OB:SUBC) Aren't Growing

Jun 24
The Returns At Subsea 7 (OB:SUBC) Aren't Growing

It Looks Like The CEO Of Subsea 7 S.A. (OB:SUBC) May Be Underpaid Compared To Peers

Apr 26
It Looks Like The CEO Of Subsea 7 S.A. (OB:SUBC) May Be Underpaid Compared To Peers

Subsea 7 S.A.'s (OB:SUBC) Shares May Have Run Too Fast Too Soon

Apr 17
Subsea 7 S.A.'s (OB:SUBC) Shares May Have Run Too Fast Too Soon

Some Investors May Be Willing To Look Past Subsea 7's (OB:SUBC) Soft Earnings

Mar 30
Some Investors May Be Willing To Look Past Subsea 7's (OB:SUBC) Soft Earnings

Subsea 7 S.A.'s (OB:SUBC) Intrinsic Value Is Potentially 77% Above Its Share Price

Mar 22
Subsea 7 S.A.'s (OB:SUBC) Intrinsic Value Is Potentially 77% Above Its Share Price

Earnings Miss: Subsea 7 S.A. Missed EPS By 80% And Analysts Are Revising Their Forecasts

Mar 04
Earnings Miss: Subsea 7 S.A. Missed EPS By 80% And Analysts Are Revising Their Forecasts

Subsea 7 (OB:SUBC) May Have Issues Allocating Its Capital

Feb 23
Subsea 7 (OB:SUBC) May Have Issues Allocating Its Capital

Shareholder Returns

SUBCNO Energy ServicesNO Market
7D-2.0%-0.5%1.6%
1Y32.0%15.5%9.0%

Return vs Industry: SUBC exceeded the Norwegian Energy Services industry which returned 14.3% over the past year.

Return vs Market: SUBC exceeded the Norwegian Market which returned 8.7% over the past year.

Price Volatility

Is SUBC's price volatile compared to industry and market?
SUBC volatility
SUBC Average Weekly Movement3.6%
Energy Services Industry Average Movement5.2%
Market Average Movement5.1%
10% most volatile stocks in NO Market12.0%
10% least volatile stocks in NO Market2.6%

Stable Share Price: SUBC has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: SUBC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19938,349John Evanswww.subsea7.com

Subsea 7 S.A. delivers offshore projects and services for the 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, commissioning, and installation of subsea umbilicals, risers, and flowlines; inspection, repair, maintenance, remote intervention, and integrity management of subsea infrastructure services; conventional services comprising fabrication, installation, extension, and refurbishment of fixed and floating platforms and associated pipelines in shallow water; and hook-up services.

Subsea 7 S.A. Fundamentals Summary

How do Subsea 7's earnings and revenue compare to its market cap?
SUBC fundamental statistics
Market capNOK 55.37b
Earnings (TTM)NOK 1.83b
Revenue (TTM)NOK 74.52b

30.2x

P/E Ratio

0.7x

P/S Ratio

Is SUBC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SUBC income statement (TTM)
RevenueUS$6.60b
Cost of RevenueUS$5.91b
Gross ProfitUS$687.20m
Other ExpensesUS$525.10m
EarningsUS$162.10m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 27, 2025

Earnings per share (EPS)0.55
Gross Margin10.41%
Net Profit Margin2.46%
Debt/Equity Ratio18.5%

How did SUBC perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

109%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/31 15:22
End of Day Share Price 2025/01/31 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

Subsea 7 S.A. is covered by 54 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John A. OlaisenABG Sundal Collier
Mark van der GeestABN AMRO Bank N.V.
Kjetil GarstadArctic Securities ASA