XOSLSUBC
Market cap4.52bUSD
Dec 20, Last price
176.10NOK
1D
-1.62%
1Q
-6.92%
Jan 2017
61.12%
Name
Subsea 7 SA
Chart & Performance
Profile
Subsea 7 S.A. delivers offshore projects and services for the evolving 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. In addition, it operates heavy lifting operations and heavy transportation services for renewables structures; and installs offshore wind turbine foundations and inter-array cables, as well as engages in the decommissioning of redundant offshore structures. Further, the company provides remotely operated vehicles (ROVs) and tooling services to support exploration and production activities, as well as engineering and advisory services for customers in the oil and gas, renewables, and utilities industries. As of December 31, 2021, it has a fleet of 38 vessels. Subsea 7 S.A. was incorporated in 1993 and is based in Luxembourg.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 5,973,700 16.31% | 5,135,800 2.51% | 5,010,000 44.53% | |||||||
Cost of revenue | 5,783,900 | 4,810,800 | 4,783,200 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 189,800 | 325,000 | 226,800 | |||||||
NOPBT Margin | 3.18% | 6.33% | 4.53% | |||||||
Operating Taxes | 70,000 | 99,900 | 64,300 | |||||||
Tax Rate | 36.88% | 30.74% | 28.35% | |||||||
NOPAT | 119,800 | 225,100 | 162,500 | |||||||
Net income | 15,400 -57.69% | 36,400 14.47% | 31,800 -102.88% | |||||||
Dividends | (112,100) | (31,700) | (72,000) | |||||||
Dividend yield | 0.25% | 0.10% | 0.38% | |||||||
Proceeds from repurchase of equity | 54,600 | (21,000) | ||||||||
BB yield | -0.16% | 0.11% | ||||||||
Debt | ||||||||||
Debt current | 291,300 | 149,600 | 149,600 | |||||||
Long-term debt | 1,470,200 | 720,400 | 734,100 | |||||||
Deferred revenue | 76,800 | |||||||||
Other long-term liabilities | 67,200 | 91,300 | 11,600 | |||||||
Net debt | 667,500 | 259,600 | 330,600 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 660,000 | 485,800 | 293,000 | |||||||
CAPEX | (581,800) | (231,000) | (166,500) | |||||||
Cash from investing activities | (710,200) | (220,100) | (183,700) | |||||||
Cash from financing activities | 151,100 | (211,200) | (22,800) | |||||||
FCF | (129,500) | (846,100) | 254,900 | |||||||
Balance | ||||||||||
Cash | 750,900 | 610,400 | 553,100 | |||||||
Long term investments | 343,100 | |||||||||
Excess cash | 795,315 | 353,610 | 302,600 | |||||||
Stockholders' equity | 1,808,500 | 2,668,900 | 2,614,900 | |||||||
Invested Capital | 4,932,185 | 4,659,390 | 4,826,700 | |||||||
ROIC | 2.50% | 4.75% | 3.51% | |||||||
ROCE | 3.29% | 6.41% | 4.38% | |||||||
EV | ||||||||||
Common stock shares outstanding | 299,158 | 292,993 | 298,584 | |||||||
Price | 148.20 31.09% | 113.05 78.93% | 63.18 -28.07% | |||||||
Market cap | 44,335,168 33.85% | 33,122,881 75.58% | 18,864,523 -27.85% | |||||||
EV | 45,036,768 | 33,711,581 | 19,500,523 | |||||||
EBITDA | 727,800 | 792,600 | 661,100 | |||||||
EV/EBITDA | 61.88 | 42.53 | 29.50 | |||||||
Interest | 71,200 | 24,300 | 20,100 | |||||||
Interest/NOPBT | 37.51% | 7.48% | 8.86% |