A Business at a Glance
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SBM OFFSHORE operates in the Oil & Gas Equipment & Services industry, Energy sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 5.1B | 5.1B | 4.1B | 4.5B | 4.4B | 3.3B |
| Net Income | 922M | 922M | 150M | 614M | 555M | 472M |
| EPS | $5.25 | $5.25 | $0.83 | $2.70 | $2.50 | $2.16 |
| Free Cash Flow | 1.2B | 1.2B | 1.4B | -297M | -1.1B | -769M |
| ROIC | 48.1% | 12.5% | 5.5% | 6.7% | 7.4% | 6.4% |
| Gross Margin | 39.9% | 39.9% | 27.4% | 31.9% | 27.0% | 28.3% |
| Debt/Equity | 0.00 | 1.57 | 2.33 | 1.60 | 1.50 | 1.83 |
| Dividends/Share | $2.65 | $2.65 | $1.39 | $1.24 | $0.99 | $1.34 |
| Operating Income | 1.8B | 1.8B | 928M | 1.1B | 1.0B | 734M |
| Operating Margin | 35.6% | 35.6% | 22.5% | 25.7% | 23.3% | 22.5% |
| ROE | 20.9% | 23.0% | 3.3% | 11.8% | 13.1% | 13.5% |
| Shares Outstanding | 173M | 173M | 179M | 224M | 219M | 217M |
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 3.0B | 3.3B | 4.4B | 4.5B | 4.1B | 5.1B | 5.1B |
| Gross Margin | 29.7% | 28.3% | 27.0% | 31.9% | 27.4% | 39.9% | 39.9% |
| R&D | -24M | -29M | -35M | -37M | -40M | -35M | -35M |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 605M | 734M | 1.0B | 1.1B | 928M | 1.8B | 1.8B |
| Op. Margin | 20.2% | 22.5% | 23.3% | 25.7% | 22.5% | 35.6% | 35.6% |
| Net Income | 327M | 472M | 555M | 614M | 150M | 922M | 922M |
| Net Margin | 10.9% | 14.5% | 12.7% | 13.8% | 3.6% | 18.2% | 18.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | 5.5% | 6.4% | 7.4% | 6.7% | 5.5% | 12.5% | 48.1% |
| ROE | 9.4% | 13.5% | 13.1% | 11.8% | 3.3% | 23.0% | 20.9% |
| ROA | 2.9% | 3.9% | 3.8% | 3.7% | 0.9% | 5.2% | 5.1% |
| Cash Flow | |||||||
| Op. Cash Flow | -128M | -755M | -1.0B | -169M | 1.5B | 1.2B | 1.2B |
| Free Cash Flow | -169M | -769M | -1.1B | -297M | 1.4B | 1.2B | 1.2B |
| Owner Earnings | -475M | -894M | -1.2B | -254M | 1.4B | 1.1B | 1.1B |
| CapEx | 41M | 14M | 41M | 128M | 79M | 34M | 34M |
| Maint. CapEx | 320M | 112M | 85M | 65M | 70M | 66M | 66M |
| Growth CapEx | 0 | 0 | 0 | 63M | 9.0M | 0 | 0 |
| D&A | 320M | 112M | 85M | 65M | 70M | 66M | 66M |
| CapEx/OCF | N/A | N/A | N/A | N/A | 5.3% | 2.8% | 2.8% |
| Capital Allocation | |||||||
| Dividends Paid | 233M | 291M | 218M | 278M | 249M | 458M | 458M |
| Dividend Yield | 5.1% | 9.4% | 7.1% | 9.5% | 9.3% | 12.5% | 7.2% |
| Share Buybacks | 3.0M | 5.0M | 0 | 5.0M | 102M | 174M | 174M |
| Buyback Yield | 0.1% | 0.2% | 0.0% | 0.2% | 3.4% | 4.1% | 2.7% |
| Stock-Based Comp | 27M | 27M | 19M | 20M | 21M | 24M | 24M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||
| Net Debt | 4.6B | 5.5B | 6.7B | 8.3B | 7.6B | 5.8B | -1.1B |
| Cash & Equiv. | 414M | 1.0B | 683M | 543M | 806M | 1.1B | 1.1B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 1.46 | 1.83 | 1.50 | 1.60 | 2.33 | 1.57 | 0.00 |
| Interest Coverage | 2.3 | 2.4 | 2.6 | 1.9 | 1.3 | 2.8 | 2.8 |
| Equity | 3.5B | 3.5B | 4.9B | 5.5B | 3.6B | 4.4B | 4.4B |
| Total Assets | 11.1B | 13.2B | 15.9B | 17.2B | 17.2B | 18.1B | 18.1B |
| Total Liabilities | 7.6B | 9.7B | 11.0B | 11.6B | 13.5B | 13.7B | 13.7B |
| Intangibles | N/A | N/A | N/A | N/A | 176M | 194M | 194M |
| Retained Earnings | 1.8B | 1.9B | 2.2B | 2.5B | 2.5B | 3.1B | 3.1B |
| Working Capital | 1.3B | 3.2B | 5.5B | 6.6B | 6.9B | 2.1B | 2.1B |
| Current Assets | 3.8B | 6.4B | 9.1B | 9.4B | 9.8B | 6.8B | 6.8B |
| Current Liabilities | 2.6B | 3.2B | 3.6B | 2.8B | 2.9B | 4.7B | 4.7B |
| Per Share Data | |||||||
| EPS | 1.00 | 2.16 | 2.50 | 2.70 | 0.83 | 5.25 | 5.25 |
| Owner EPS | -1.45 | -4.13 | -5.26 | -1.13 | 7.79 | 6.50 | 6.50 |
| Book Value | 10.59 | 16.34 | 22.40 | 24.68 | 20.27 | 25.47 | 25.47 |
| Cash Flow/Share | -0.39 | -3.49 | -4.78 | -0.75 | 8.30 | 7.02 | 5.71 |
| Dividends/Share | 0.71 | 1.34 | 0.99 | 1.24 | 1.39 | 2.65 | 2.65 |
| Shares Out. | 327.0M | 216.5M | 219.4M | 224.1M | 178.6M | 173.0M | 173.0M |
| Valuation | |||||||
| P/E Ratio | 15.5 | 5.8 | 5.8 | 4.6 | 20.4 | 4.7 | 7.0 |
| P/FCF | N/A | N/A | N/A | N/A | 2.2 | 3.6 | 5.4 |
| EV/EBIT | 16.0 | 11.1 | 9.7 | 9.7 | 11.5 | 5.6 | 2.9 |
| Price/Book | 1.5 | 0.8 | 0.7 | 0.5 | 0.8 | 1.0 | 1.4 |
| Price/Sales | 1.7 | 0.8 | 0.7 | 0.6 | 0.7 | 0.8 | 1.3 |
| FCF Yield | -3.3% | -28.2% | -34.1% | -10.6% | 46.4% | 27.8% | 18.6% |
| Market Cap | 5.1B | 2.7B | 3.2B | 2.8B | 3.0B | 4.2B | 6.4B |
| Avg. Price | 14.08 | 14.23 | 13.95 | 13.07 | 15.03 | 21.12 | 36.76 |
| Year-End Price | 15.50 | 12.58 | 14.58 | 12.45 | 16.92 | 24.54 | 36.76 |
SBM OFFSHORE passes 4 of 9 quality checks, suggesting mixed fundamentals.
SBM OFFSHORE trades at 7.0x trailing earnings, compared to its 15-year median P/E of 5.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 5.4x vs a median of 2.9x. The company's 5-year average ROIC is 7.7% with a gross margin of 30.9%. Total shareholder yield (dividends + buybacks) is 9.9%. At current prices, the estimated annualized return to fair value is +82.7%.
SBM OFFSHORE (SBMO-AS) has a current P/E ratio of 7.0, compared to its historical median P/E of 5.8. The stock is currently considered Fair based on its historical valuation range.
SBM OFFSHORE (SBMO-AS) has a 5-year average return on invested capital (ROIC) of 7.7%. This is below average and may indicate limited pricing power.
SBM OFFSHORE (SBMO-AS) has a market capitalization of $6.4B. It is classified as a mid-cap stock.
Yes, SBM OFFSHORE (SBMO-AS) pays a dividend with a trailing twelve-month yield of 7.20%. The company also returns capital through share buybacks, with a buyback yield of 2.74%.
Based on historical P/E analysis, SBM OFFSHORE (SBMO-AS) appears fair. The current P/E of 7.0 is 20% above its historical median of 5.8. The estimated fair value CAGR (P/E method) is 19.0%.
SBM OFFSHORE (SBMO-AS) operates in the Oil & Gas Equipment & Services industry, within the Energy sector.
SBM OFFSHORE (SBMO-AS) reported annual revenue of $5.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
SBM OFFSHORE (SBMO-AS) has a net profit margin of 18.2%. This is a healthy margin.
SBM OFFSHORE (SBMO-AS) generated $1.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SBM OFFSHORE (SBMO-AS) has a debt-to-equity ratio of 1.57. This indicates higher leverage, which may increase financial risk.
SBM OFFSHORE (SBMO-AS) reported earnings per share (EPS) of $5.25 in its most recent fiscal year.
SBM OFFSHORE (SBMO-AS) has a return on equity (ROE) of 23.0%. This indicates the company generates strong returns for shareholders.
SBM OFFSHORE (SBMO-AS) has a 5-year average gross margin of 30.9%. This indicates decent pricing power.
The Ledger Terminal provides 6 years of financial data for SBM OFFSHORE (SBMO-AS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SBM OFFSHORE (SBMO-AS) has a book value per share of $25.47, based on its most recent annual SEC filing.