SUBC Stock Analysis: Subsea 7 S.A. | OL
Oil & Gas Equipment & Services | OL, Norway | Market Cap: 95.893m NOK | 12M Return: 68.7% | LU0075646355 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 77.1M
EPS Trend: 90.6%
Qual. Beats: 1
Rev. Trend: 96.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Subsea 7 S.A. is a Luxembourg-based global contractor delivering offshore engineering, procurement, installation, and commissioning (EPIC) services to the energy industry. Incorporated in 1993 and listed on the Oslo Stock Exchange under ticker SUBC, the company is classified within the Energy sectors Oil & Gas Equipment & Services subsector, serving as a tier-one subsea contractor to international oil companies, national oil companies, and increasingly to renewable energy developers.
Core operations span the full life cycle of subsea field development, including project management, design and engineering, fabrication, survey, installation, tie-back of subsea infrastructure to platforms or shore, and inspection, repair, and maintenance (IRM) of subsea assets. The company supports both deepwater and shallow-water developments, covering fixed and floating platforms and associated pipelines.
Beyond traditional oil and gas work, Subsea 7 has expanded into the energy transition market, providing procurement and installation of offshore wind turbine foundations and inter-array cables, heavy lifting for renewables structures, and carbon capture, utilization, and storage (CCUS) services. It also operates a fleet of remotely operated vehicles (ROVs) and offers engineering and advisory services across oil and gas, renewables, and utilities clients, positioning the business across multiple segments of the offshore energy value chain.
- McDermott merger expands backlog and project execution capacity
- Deepwater E&P capex cycle drives SURF and tieback demand
- Offshore wind installation backlog grows with renewables buildout
| Net Income: 612.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.20 > 0.02 and ΔFCF/TA 10.42 > 1.0 |
| NWC/Revenue: 1.78% < 20% (prev -1.11%; Δ 2.89% < -1%) |
| CFO/TA 0.31 > 3% & CFO 2.58b > Net Income 612.9m |
| Net Debt (-682.7m) to EBITDA (1.69b): -0.40 < 3 |
| Current Ratio: 1.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (296.1m) vs 12m ago -0.36% < -2% |
| Gross Margin: 17.97% > 18% (prev 12.06%; Δ 5.90% > 0.5%) |
| Asset Turnover: 92.86% > 50% (prev 87.73%; Δ 5.13% > 0%) |
| Interest Coverage Ratio: 16.81 > 6 (EBIT TTM 1.02b / Interest Expense TTM 60.5m) |
| A: 0.02 (Total Current Assets 3.28b - Total Current Liabilities 3.14b) / Total Assets 8.23b |
| B: 0.22 (Retained Earnings 1.80b / Total Assets 8.23b) |
| C: 0.13 (EBIT TTM 1.02b / Avg Total Assets 8.10b) |
| D: 1.13 (Book Value of Equity 4.34b / Total Liabilities 3.85b) |
| Altman-Z'' = 2.85 = A |
| DSRI: 0.48 (Receivables 1.01b/1.95b, Revenue 7.52b/6.99b) |
| GMI: 0.67 (GM 12.06% / 17.97%) |
| AQI: 0.95 (AQ_t 0.10 / AQ_t-1 0.11) |
| SGI: 1.08 (Revenue 7.52b / 6.99b) |
| TATA: -0.24 (NI 612.9m - CFO 2.58b) / TA 8.23b) |
| Beneish M = -3.75 (Cap -4..+1) = AAA |
As of September 27, 2026, the stock is trading at NOK 324.80 with a total of 149,281 shares traded. Over the past week, the price has changed by +1.18%, over one month by -3.68%, over three months by -1.87% and over the past year by +68.74%.
Current recommended Stop Loss: 309.30 (which is 4.8% or 1.8 ATR below the current price).
Subsea 7 S.A. has no consensus analysts rating.
Market Cap USD = 10.1b (95.9b NOK * 0.10513 NOK.USD)
P/E Trailing = 16.6735
P/E Forward = 13.3511
P/S = 12.7554
P/B = 2.3224
P/EG = 0.1218
Revenue TTM = 7.52b USD
EBIT TTM = 1.02b USD
EBITDA TTM = 1.69b USD
Long Term Debt = 311.3m USD (from longTermDebt, last quarter)
Short Term Debt = 181.3m USD (from shortLongTermDebt, last quarter)
Debt = 363.1m USD (Leases only: 363.1m)
Net Debt = -682.7m USD (calculated: Debt 363.1m - CCE 1.05b)
Enterprise Value = 9.40b USD (10.1b + Debt 363.1m - CCE 1.05b)
Interest Coverage Ratio = 16.81 (Ebit TTM 1.02b / Interest Expense TTM 60.5m)
EV/FCF = 5.70x (Enterprise Value 9.40b / FCF TTM 1.65b)
FCF Yield = 17.56% (FCF TTM 1.65b / Enterprise Value 9.40b)
FCF Margin = 21.95% (FCF TTM 1.65b / Revenue TTM 7.52b)
Net Margin = 8.15% (Net Income TTM 612.9m / Revenue TTM 7.52b)
Gross Margin = 17.97% ((Revenue TTM 7.52b - Cost of Revenue TTM 6.17b) / Revenue TTM)
Gross Margin QoQ = 20.85% (prev 16.24%)
Tobins Q-Ratio = 1.14 (Enterprise Value 9.40b / Total Assets 8.23b)
Interest Expense / Debt = 16.66% (Interest Expense 60.5m / Debt 363.1m)
Taxrate = 31.06% (273.7m / 881.2m)
NOPAT = 701.3m (EBIT 1.02b * (1 - 31.06%))
Current Ratio = 1.04 (Total Current Assets 3.28b / Total Current Liabilities 3.14b)
Debt / Equity = 0.08 (Debt 363.1m / totalStockholderEquity, last quarter 4.34b)
Debt / EBITDA = -0.40 (Net Debt -682.7m / EBITDA 1.69b)
Debt / FCF = -0.41 (Net Debt -682.7m / FCF TTM 1.65b)
Total Stockholder Equity = 4.38b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.57% (Net Income 612.9m / Total Assets 8.23b)
RoE = 14.00% (Net Income TTM 612.9m / Total Stockholder Equity 4.38b)
RoCE = 21.69% (EBIT 1.02b / Capital Employed (Equity 4.38b + L.T.Debt 311.3m))
RoIC = 14.90% (NOPAT 701.3m / Invested Capital 4.71b)
WACC = 8.97% (E(10.1b)/V(10.4b) * Re(8.88%) + D(363.1m)/V(10.4b) * Rd(16.66%) * (1-Tc(0.31)))
Discount Rate = 8.88% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -86.44 | Cagr: -0.52%
[DCF] Terminal Value 75.99% ; FCFF base≈1.30b ; Y1≈1.49b ; Y5≈2.19b
[DCF] Fair Price = 102.6 (EV 29.7b - Net Debt -682.7m = Equity 30.4b / Shares 296.1m; r=8.97% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 90.59 | EPS CAGR: 212.3% | SUE: 3.48 | # QB: 1
Revenue Correlation: 96.67 | Revenue CAGR: 9.88% | SUE: 0.00 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.72 | Chg30d=+0.00% | Revisions=+50% | Analysts=5
EPS current Year (2026-12-31): EPS=2.52 | Chg30d=+1.32% | Revisions=+77% | GrowthEPS=+74.1% | GrowthRev=+8.8%
EPS next Year (2027-12-31): EPS=2.64 | Chg30d=+2.36% | Revisions=+77% | GrowthEPS=+4.5% | GrowthRev=+1.6%
[Analyst] Revisions Ratio: +88% (up=23, down=0)