Obermatt

Subsea 7

OSL:SUBC · LU0075646355
Energy Equipment & ServicesLarge

360

94
EV / EBIT76
Price / Owner Earnings46
Owner Earnings Yield66
Dividend Yield97
Price/Sales59
EV / Gross Profit20
Price/Book28
Return on Capital79
Cash Return on Capital74
Return on Equity45
EBIT Margin57
Gross Profitability39
Cash Conversion76
Accruals93
Owner Earnings Margin58
Sales growth65
Profit Growth84
Long-Term EPS Growth98
Owner Earnings Growth91
Reinvestment88
Price momentum92
Debt load76
Refinancing37
Debt Payback100
Liquidity79
Analyst ratings13
Opinion Changes38
Price Target Upside9
Market mood73
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Subsea 7 generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUK
IndustryEnergy Equipment & Services
SizeLarge
TypePublic Company
ExchangeOB
Founded1993
ISINLU0075646355
Last UpdateApr 2, 2026
Themes
Onshore and Offshore WindClean EnergyCleanTechClimateTechEnvironmental EngineeringCarbon Capture, Utilisation & Sequestration (CCUS) or (CCS)Marine Transportation

Description

Subsea 7 S.A. is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering efficient offshore solutions. Busine…

Analysis

Quality compounder

Subsea 7 S.A. is a quality compounder: a well-run business trading at a price that reflects what it is worth.

The price is fair. You pay 16.4× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 4% yearly growth; analysts expect 41%. The price, in other words, assumes less than the experts do.

The trajectory is solid and accelerating and the balance sheet is sturdy. The company scores 18/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
87
2023202420252026

All-time high

96

Jan 2026

All-time low

48

Mar 2026

Average rank

65

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
59
54
56
62
Price/Earnings
30
26
9
12
Price/Book
28
45
66
86
Dividend Yield
97
49
35
39
Value (overall)
58
39
26
31

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →