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Cmb.Tech NVNYSE:CMBT Stock Report

Market Cap US$4.3b
Share Price
US$14.76
US$15.94
7.4% undervalued intrinsic discount
1Y60.6%
7D7.2%
Portfolio Value
​
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Cmb.Tech NV

NYSE:CMBT Stock Report

Market Cap: US$4.3b

Cmb.Tech (CMBT) Stock Overview

Engages in marine transportation business in Belgium. More details

CMBT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance1/6
Financial Health0/6
Dividends3/6

Rewards

Trading at 71.8% below our estimate of its fair value

Earnings are forecast to grow 12.13% per year

Risk Analysis

Shareholders have been substantially diluted in the past year

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Dividend of 1.77% is not well covered by free cash flows

+ 1 more risk

CMBT Community Fair Values

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See what 13 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Cmb.Tech NV Competitors

Price History & Performance

Summary of share price highs, lows and changes for Cmb.Tech
Historical stock prices
Current Share Price€14.76
52 Week High€15.28
52 Week Low€7.78
Beta0.12
1 Month Change17.14%
3 Month Change18.36%
1 Year Change60.61%
3 Year Change-10.60%
5 Year Change57.19%
Change since IPO-48.23%

Recent News & Updates

Seeking Alpha • Apr 04

CMB.TECH: Valuation Implies Mid-Cycle - Reality Looks Stronger

Summary CMB.TECH is now a highly leveraged play on freight rates, with over 80% spot exposure post-merger and tripled operating scale. Reported EPS is distorted by one-off Golden Ocean deal costs; normalized earnings and EBITDA provide a clearer view of CMBT's true earnings power. CMBT's valuation and investment case hinge on freight rate sensitivity, with current market cap implying mid-to-high cycle TCE rates ($35k–45k/day). Current geopolitical disruptions favor elevated freight rates, positioning CMBT for strong earnings and cash flow over the next 12–18 months. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Apr 04

CMB.TECH: Valuation Implies Mid-Cycle - Reality Looks Stronger

Summary CMB.TECH is now a highly leveraged play on freight rates, with over 80% spot exposure post-merger and tripled operating scale. Reported EPS is distorted by one-off Golden Ocean deal costs; normalized earnings and EBITDA provide a clearer view of CMBT's true earnings power. CMBT's valuation and investment case hinge on freight rate sensitivity, with current market cap implying mid-to-high cycle TCE rates ($35k–45k/day). Current geopolitical disruptions favor elevated freight rates, positioning CMBT for strong earnings and cash flow over the next 12–18 months. Read the full article on Seeking Alpha
Seeking Alpha • Apr 26

Cmb.Tech - Golden Ocean Merger Offers A Unique Long-Term Buy Opportunity

Summary The merger of CMB.Tech and Golden Ocean will create a leading diversified maritime company with over 250 vessels, enhancing competitiveness and decarbonization efforts. Golden Ocean shareholders receive 0.95 CMBT shares per GOGL share, with CMBT shareholders owning 70% of the combined entity, valued at $3.2 billion market cap. The merger offers significant cost savings, improved margins, and potential stock value growth, despite high financial leverage and market cycle risks. The combined company's focus on maritime decarbonization and ESG technologies positions it for long-term value and attractiveness to sustainability-focused investors. Read the full article on Seeking Alpha
Seeking Alpha • Jan 07

Cmb.Tech NV: The Short-Term Is Too Uncertain For Now

Summary Cmb.Tech NV's revenue declined by 22% in 2024 due to economic challenges and fleet transformation, impacting short-term performance. The company's transformation strategy involves selling older vessels and investing in new, efficient models, boosting long-term profitability. High debt levels are mitigated by a strong interest coverage ratio and gains from vessel disposals, maintaining financial stability. Uncertainty around tariffs and geopolitical tensions makes me hesitant to invest in CMBT stock now; awaiting Q4 earnings and management's outlook. Read the full article on Seeking Alpha
Seeking Alpha • Oct 07

Cmb.Tech NV: Company Is Worth Watching After Name-Change

Summary I maintain my hold rating on Cmb.Tech (formerly Euronav) stock due to its ongoing decarbonization efforts, despite a 2.70% decline since March 2024. Key pillars for CMBT include shipbuilding innovations, future-proof builds, and new shipping routes, emphasizing hydrogen and ammonia-powered vessels. CMBT's revenue from asset disposal surged 2,200% YoY, contributing to a 42.5% increase in total shipping income, despite an overall earnings decline. The company’s forward P/E ratio of 4.18X suggests undervaluation, with potential upside into 2025 as it continues to innovate and expand maritime activities. Read the full article on Seeking Alpha
Seeking Alpha • Jun 20

Euronav: Growing Sustainably With The CMB.TECH Acquisition

Summary Euronav NV's drama including Frontline and CMB has recently ended, with a tanker sale to Frontline and CMB's takeover bid for $18.43 per share for voluntary sellers. The company recently acquired CMB.TECH in February, adding a growing fleet of mainly hydrogen and ammonia -powered vessels. FourWorld opposes CMB's control over Euronav, but with 2/3 of its requests have already been denied in the United States and Belgium. The company is looking to continue turbulent earnings as freight trends fluctuate. In Q1, revenues declined but still earnings stayed healthy, with Euronav anticipating healthy oil tanker and bulk-dry vessel demand. The current valuation seems to price Euronav stock fairly. Read the full article on Seeking Alpha
Seeking Alpha • Mar 13

Euronav NV: Not Backing Down On The Decarbonization Agenda

Summary Euronav's acquisition of CMB.TECH will help diversify its maritime activities and focus on clean technology and sustainable shipping. The acquisition will be financed through the sale of VLCCs to Frontline, increasing Euronav's fleet numbers and aiding in decarbonization. EURN's transition to CMB.TECH and focus on clean energy align with global efforts to reduce carbon emissions in the shipping industry. Read the full article on Seeking Alpha
Seeking Alpha • Dec 07

Frontline And Euronav Deal: Good Deal For Frontline, But Both Are Above Their Fair Value

Summary Frontline is set to become the largest publicly traded tanker company through the acquisition of 24 VLCC tankers from Euronav. The deal grants the Saverys family control over Euronav, which is viewed as a negative by shareholders. Both Euronav and Frontline are trading above their fair value and peers' valuation, suggesting better value in some peers. Read the full article on Seeking Alpha
Seeking Alpha • Nov 03

Euronav Saga Ends With Fireworks For Frontline

Summary A 2-year dispute between two tanker families over the future of Euronav ended with the breakup of Euronav. Frontline, a leading tanker company, has acquired 24 of 41 VLCC vessels from Euronav for a very reasonable price. Frontline has geared up for the future, betting on strong sector fundamentals and market uptake. Read the full article on Seeking Alpha
Seeking Alpha • Sep 14

Euronav's Solid Financials Coupled With Upside Potential Market Outlook Lead To A Bright Future

Summary Euronav is a leading company in the transportation of crude oil market with 100% payout ratio and 17% dividend yield. The company's financial outlook is robust, with a solid balance sheet and strong liquidity. The tanker market shows upside potential, with positive outlook for the short to medium term. Read the full article on Seeking Alpha
Seeking Alpha • Jun 30

Euronav NV: A Strong Oil Transporter Benefiting From Rising Spot Rates

Summary Euronav NV is experiencing significant revenue growth, with a 197% increase in its top line, largely due to hiked spot rates. Despite potential headwinds such as reduced supply from the Middle East, EURN is expected to continue to benefit from the high demand for crude oil, particularly from the Far East. A strong yield and appealing current price point make it a long-term buying opportunity. Read the full article on Seeking Alpha

Shareholder Returns

CMBTUS Oil and GasUS Market
7D7.2%-3.4%3.2%
1Y60.6%35.2%31.0%

Return vs Industry: CMBT exceeded the US Oil and Gas industry which returned 35.2% over the past year.

Return vs Market: CMBT exceeded the US Market which returned 31% over the past year.

Price Volatility

Is CMBT's price volatile compared to industry and market?
CMBT volatility
CMBT Average Weekly Movement5.4%
Oil and Gas Industry Average Movement6.0%
Market Average Movement7.1%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

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

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

About the Company

FoundedEmployeesCEOWebsite
19892,752Alexander Saveryswww.cmb.tech

Cmb Tech NV engages in marine transportation business in Belgium. It operates through three divisions: Marine, H2 Infra, and H2 Industry.

Cmb.Tech NV Fundamentals Summary

How do Cmb.Tech's earnings and revenue compare to its market cap?
CMBT fundamental statistics
Market capUS$4.25b
Earnings (TTM)US$160.70m
Revenue (TTM)US$1.67b
26.5x
P/E Ratio
2.6x
P/S Ratio

Is CMBT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CMBT income statement (TTM)
RevenueUS$1.67b
Cost of RevenueUS$795.95m
Gross ProfitUS$870.13m
Other ExpensesUS$709.43m
EarningsUS$160.70m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 19, 2026

Earnings per share (EPS)0.55
Gross Margin52.23%
Net Profit Margin9.65%
Debt/Equity Ratio211.4%

How did CMBT perform over the long term?

See historical performance and comparison

Dividends

1.8%
Current Dividend Yield
37%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 11:29
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Cmb.Tech NV is covered by 19 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David VagmanBNP Paribas
Lars KalbakkenCarnegie Investment Bank AB
Christian WetherbeeCitigroup Inc