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SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. The company operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg platforms, liquefied natural gas (LNG) FPSOs, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals. The company also provides catenary anchor leg mooring (CALM) or single point mooring (SPM) terminal; as well as provides solutions for floating unit mooring, flexible flowline, and subsea structure installation works. As of December 31, 2022, it operated a fleet of 15 FPSOs and 1 semi-submersible unit. The company was formerly known as IHC Caland and changed its name to SBM Offshore N.V. in 2005. SBM Offshore N.V. was founded in 1862 and is headquartered in Schiphol, the Netherlands.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 660.00M | 543.00M | 366.00M | 542.00M | 384.00M |
| Minority interest | -105.00M | -72.00M | 905.00M | 865.00M | 978.00M |
| Net income | 450.00M | 400.00M | 191.00M | 366.00M | 212.00M |
| Selling general administrative | 170.00M | 177.00M | 183.00M | 176.00M | 158.00M |
| Gross profit | 1182.00M | 922.00M | 889.00M | 934.00M | 802.00M |
| Reconciled depreciation | 85.00M | 112.00M | 320.00M | 243.00M | - |
| Ebit | 987.00M | 716.00M | 663.00M | 737.00M | 623.00M |
| Ebitda | 1128.00M | 959.00M | 949.00M | 1057.00M | 664.00M |
| Operating income | 999.00M | 705.00M | 686.00M | 734.00M | 579.00M |
| Other operating expenses | 9.00M | 9.00M | 14.00M | 14.00M | 4.00M |
| Interest expense | 383.00M | 304.00M | 263.00M | 272.00M | 280.00M |
| Tax provision | 104.00M | 71.00M | 38.00M | 31.00M | 40.00M |
| Interest income | 10.00M | 2.00M | 6.00M | 20.00M | 29.00M |
| Net interest income | -371.00M | -301.00M | -256.00M | -251.00M | -251.00M |
| Income tax expense | 104.00M | 71.00M | 38.00M | 31.00M | 40.00M |
| Total revenue | 4913.00M | 3748.00M | 3496.00M | 3391.00M | 2240.00M |
| Total operating expenses | 3914.00M | 3043.00M | 2810.00M | 2657.00M | 1660.00M |
| Cost of revenue | 3731.00M | 2826.00M | 2607.00M | 2457.00M | 1437.00M |
| Net income from continuing ops | 556.00M | 472.00M | 328.00M | 511.00M | 344.00M |
| Net income applicable to common shares | 450.00M | 400.00M | 191.00M | 366.00M | 212.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 15889.00M | 13211.00M | 11085.00M | 10287.00M | 9992.00M |
| Intangible assets | 117.00M | 86.00M | 50.00M | 23.00M | 19.00M |
| Other current assets | 144.00M | 56.00M | 99.00M | 38.00M | 35.00M |
| Total liab | 10975.00M | 9675.00M | 7624.00M | 6674.00M | 6380.00M |
| Total stockholder equity | 3397.00M | 2579.00M | 2556.00M | 2748.00M | 2634.00M |
| Deferred long term liab | 9.00M | 9.00M | 9.00M | 18.00M | 15.00M |
| Other current liab | 1684.00M | 1239.00M | 1147.00M | 873.00M | 1129.00M |
| Common stock | 48.00M | 51.00M | 58.00M | 56.00M | 59.00M |
| Capital stock | 48.00M | 51.00M | 58.00M | 56.00M | 59.00M |
| Retained earnings | 2179.00M | 1910.00M | 1811.00M | 1942.00M | 1533.00M |
| Other liab | 499.00M | 549.00M | 664.00M | 617.00M | 528.00M |
| Good will | - | - | - | 0.00M | 0.00M |
| Other assets | 6106.00M | 5961.00M | 6378.00M | 6556.00M | 6018.00M |
| Cash | 682.00M | 1020.00M | 414.00M | 506.00M | 718.00M |
| Total current liabilities | 3603.00M | 3198.00M | 2574.00M | 1748.00M | 1835.00M |
| Net debt | 7835.00M | 6623.00M | 5137.00M | 4242.00M | 3630.00M |
| Short long term debt | 1678.00M | 1752.00M | 1216.00M | 580.00M | 491.00M |
| Other stockholder equity | 205.00M | -347.00M | -296.00M | -238.00M | -107.00M |
| Property plant equipment | 314.00M | 396.00M | 542.00M | 1005.00M | 1198.00M |
| Total current assets | 9071.00M | 6416.00M | 3842.00M | 2396.00M | 2351.00M |
| Net tangible assets | 3289.00M | 2502.00M | 2515.00M | 2743.00M | 2630.00M |
| Net receivables | 8070.00M | 5187.00M | 3122.00M | 1729.00M | 1410.00M |
| Long term debt | 6839.00M | 5891.00M | 4335.00M | 4168.00M | 3857.00M |
| Inventory | 25.00M | 14.00M | 143.00M | 8.00M | 101.00M |
| Accounts payable | 204.00M | 151.00M | 131.00M | 143.00M | 140.00M |
| Non currrent assets other | 1.00M | - | -2.00M | -1.00M | - |
| Non current assets total | 6818.00M | 6795.00M | 7243.00M | 7891.00M | 7641.00M |
| Capital lease obligations | 46.00M | 56.00M | 71.00M | 173.00M | 188.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 67.00M | -6.00M | -6.00M | -6.00M | -4.00M |
| Change to liabilities | 303.00M | 13.00M | 134.00M | -46.00M | 104.00M |
| Total cashflows from investing activities | 67.00M | 5.00M | -17.00M | 282.00M | -61.00M |
| Net borrowings | 757.00M | 2087.00M | 673.00M | 350.00M | -1268.00M |
| Total cash from financing activities | 646.00M | 1359.00M | 50.00M | -264.00M | -1797.00M |
| Change to operating activities | 142.00M | 24.00M | 103.00M | -165.00M | -307.00M |
| Net income | 450.00M | 400.00M | 191.00M | 366.00M | 212.00M |
| Change in cash | -338.00M | 607.00M | -92.00M | -212.00M | -239.00M |
| Begin period cash flow | 1021.00M | 414.00M | 506.00M | 718.00M | 957.00M |
| End period cash flow | 683.00M | 1021.00M | 414.00M | 506.00M | 718.00M |
| Total cash from operating activities | -1049.00M | -755.00M | -128.00M | -220.00M | 1647.00M |
| Issuance of capital stock | - | - | 23.00M | 82.00M | - |
| Depreciation | 78.00M | 103.00M | 314.00M | 236.00M | 232.00M |
| Other cashflows from investing activities | 115.00M | 47.00M | 53.00M | 321.00M | -9.00M |
| Dividends paid | 177.00M | 166.00M | 150.00M | 108.00M | 103.00M |
| Change to inventory | -10.00M | 128.00M | -135.00M | -3.00M | -90.00M |
| Change to account receivables | -3048.00M | -2026.00M | -1424.00M | -1215.00M | -137.00M |
| Sale purchase of stock | 0.00M | -178.00M | -165.00M | -196.00M | -165.00M |
| Other cashflows from financing activities | 66.00M | -384.00M | -308.00M | -310.00M | -426.00M |
| Change to netincome | 1029.00M | 594.00M | 683.00M | 600.00M | 1628.00M |
| Capital expenditures | 41.00M | 14.00M | 41.00M | 30.00M | 42.00M |
| Change in working capital | -2613.00M | -1861.00M | -1322.00M | -1429.00M | - |
| Stock based compensation | 19.00M | 27.00M | 27.00M | 17.00M | - |
| Other non cash items | 373.00M | 302.00M | 135.00M | 254.00M | - |
| Free cash flow | -1131.00M | -818.00M | -198.00M | -260.00M | 1599.00M |
Sector: Energy Industry: Oil & Gas Equipment & Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| 0NIS SBM Offshore N.V |
0.38 2.08% |
18.66 | 7.12 | 8.13 | 0.46 | 0.69 | 2.12 | 8.69 |
SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. The company operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg platforms, liquefied natural gas (LNG) FPSOs, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals. The company also provides catenary anchor leg mooring (CALM) or single point mooring (SPM) terminal; as well as provides solutions for floating unit mooring, flexible flowline, and subsea structure installation works. As of December 31, 2022, it operated a fleet of 15 FPSOs and 1 semi-submersible unit. The company was formerly known as IHC Caland and changed its name to SBM Offshore N.V. in 2005. SBM Offshore N.V. was founded in 1862 and is headquartered in Schiphol, the Netherlands.
Evert van de Beekstraat 1-77, Schiphol, Netherlands, 1118 CL
31 20 236 3000
5389
| Name | Title | Year Born |
|---|---|---|
| Mr. Bruno Y. R. Chabas | Chairman of Management Board & CEO | 1964 |
| Mr. Douglas H. M. Wood | CFO & Member of Management Board | 1971 |
| Mr. Erik E. Lagendijk | Chief Governance & Compliance Officer and Member of Management Board | 1960 |
| Mr. Oivind Tangen | COO & Member of Management Board | 1973 |
| Mr. Bert-Jaap Dijkstra | Group Treasurer & Investor Relations | 1973 |
| Vincent Kempkes | Group Communications Director | NA |
| Mrs. Anne Guerin-Moens | Group HR Director | NA |
| Mr. Stein Rasmussen | Group HSSEQ & Sustainability Director | NA |
| Ms. Séverine Baudic | Managing Director of New Energies & Services | NA |
| Mr. Olivier Icyk | Managing Director of Floating Production Solutions | NA |
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