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XOSL
REACH
Market cap216mUSD
May 02, Last price  
6.86NOK
1D
1.78%
1Q
-12.72%
Jan 2017
266.27%
Name

Reach Subsea ASA

Chart & Performance

D1W1MN
P/E
10.93
P/S
0.83
EPS
0.63
Div Yield, %
5.25%
Shrs. gr., 5y
16.38%
Rev. gr., 5y
39.82%
Revenues
2.72b
+38.16%
925,788,141923,746,42501,632,925,796923,280,408809,747,928399,951,3813,560,00062,028,000311,050,000634,369,000327,493,000360,155,000675,265,000508,531,000618,870,000673,253,0001,161,533,0001,966,584,0002,717,023,000
Net income
205m
-9.02%
117,492,000-7,961,775-137,269,0080000-5,497,000-15,747,00024,831,0001,394,000-23,212,000-30,764,000-12,101,000-35,709,00029,021,00093,806,00072,185,000225,791,000205,435,000
CFO
833m
-12.54%
82,156,06088,812,07591,909,938119,192,223000-1,609,000-31,220,00046,591,00026,356,000-3,208,00019,015,000248,966,000191,026,000268,691,000279,214,000466,309,000952,728,000833,214,000
Dividend
May 30, 20250.42 NOK/sh
Earnings
May 06, 2025

Profile

Reach Subsea ASA provides subsea services worldwide. The company operates in two segments, Oil & Gas and Renewable/Other. It 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. The company also provides asset integrity/pipeline inspection services; survey services, including geophysical, geotechnical, UXO, environmental, hydrography, and archaeology; and engineering and project management services. In addition, it offers construction support services comprising vessel, remotely operated vehicles, personnel, survey, and on demand engineering; seabed intervention; boulder clearance; touchdown monitoring; and pre-lay and post- lay survey. Further, the company provides offshore personnel contracting services; geophysical monitoring services, including real-time seismic monitoring, gravitude survey-based 4D gravity, seafloor subsidence monitoring, gravitude depthwatch for seismic nodes, injection integrity monitoring, well drilling, and under control; and environmental monitoring services, such as monitoring CO2 injection and storage, earthquake monitoring and prediction, and geothermal resources assessment and monitoring. It serves oil and gas, renewables, and utilities sectors. The company was formerly known as Transit Invest ASA and changed its name to Reach Subsea ASA in December 2012. Reach Subsea ASA was incorporated in 1909 and is headquartered in Haugesund, Norway.
URL
https://reachsubsea.no/
IPO date
Jan 02, 1920
Employees
300
Domiciled in
NO
Incorporated in
NO

Valuation

Title
NOK in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2024‑122023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
2,717,023
38.16%
1,966,584
69.31%
1,161,533
72.53%
Cost of revenue
1,681,340
1,240,037
748,595
Unusual Expense (Income)
NOPBT
1,035,683
726,547
412,938
NOPBT Margin
38.12%
36.94%
35.55%
Operating Taxes
24,575
63,743
25,838
Tax Rate
2.37%
8.77%
6.26%
NOPAT
1,011,108
662,804
387,100
Net income
205,435
-9.02%
225,791
212.79%
72,185
-23.05%
Dividends
(97,837)
(45,981)
(40,484)
Dividend yield
3.98%
3.99%
4.57%
Proceeds from repurchase of equity
34,741
123,040
152,270
BB yield
-1.41%
-10.68%
-17.20%
Debt
Debt current
814,082
396,211
121,745
Long-term debt
2,155,049
2,092,469
114,629
Deferred revenue
Other long-term liabilities
(1,000)
1,000
Net debt
2,691,109
1,938,805
55,083
Cash flow
Cash from operating activities
833,214
952,728
466,309
CAPEX
(262,814)
(202,708)
(167,805)
Cash from investing activities
(262,814)
(208,392)
(204,702)
Cash from financing activities
(746,745)
(487,781)
(214,537)
FCF
497,579
(553,816)
405,596
Balance
Cash
278,022
436,423
181,291
Long term investments
113,452
Excess cash
142,171
451,546
123,214
Stockholders' equity
282,671
528,941
312,097
Invested Capital
2,506,602
1,736,020
574,913
ROIC
47.66%
57.36%
73.07%
ROCE
39.10%
33.05%
59.15%
EV
Common stock shares outstanding
311,643
256,132
210,777
Price
7.88
75.11%
4.50
7.14%
4.20
38.16%
Market cap
2,455,746
113.06%
1,152,592
30.20%
885,263
101.77%
EV
5,146,855
3,091,397
940,346
EBITDA
1,841,827
1,349,552
766,470
EV/EBITDA
2.79
2.29
1.23
Interest
122,179
77,882
15,415
Interest/NOPBT
11.80%
10.72%
3.73%