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REACH.OL

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Reach Subsea ASA · Energy · Norway · $165M · Avg Vol: $150K/d

28
StockRank
Q
44
V
46
M
27
P/E (TTM)
—
ROE
-11.8%
D/E
1.7x
Dividend %
3.4%
Director Trades · 180d
None in 180d →
Buybacks · 180d
None in 180d →
AI CONVICTION THESIS

Reach Subsea is a Norwegian subsea service provider benefiting from the structural need to secure and monitor European offshore energy infrastructure. As geopolitical tensions rise, subsea inspection, maintenance, and repair (IMR) are seeing increased demand and pricing power, creating an interesting asymmetric setup.

COMPANY DESCRIPTION

Reach Subsea ASA is a leading provider of subsea survey, inspection, maintenance, and repair (IMR) services to the global oil, gas, and renewable energy industries. The company is pioneering the transition to unmanned marine operations through its Reach Remote autonomous surface vessels (USVs). Its competitive moat is driven by advanced technology integration, a strong safety track record, and significant cost efficiencies derived from its remote-controlled fleet.

FINANCIAL SUMMARY (USD)

Year20212022202320242025CAGR
Revenue—117.1M198.2M273.9M269.6M32.1%
EPS0.070.040.090.080.03-14.9%
Shares—226.7M271.8M282.7M327.4M+44.4%
Debt—13.2M127.0M156.9M176.6M137.4%
Equity—58.4M93.5M110.1M122.8M28.1%
Op CF—47.0M96.0M87.4M120.1M36.7%
Inv CF—-20.6M-21.0M-29.9M-53.6M—
Fin CF—-21.6M-49.2M-75.3M-41.1M—
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PRICE (1Y)-20.8%
0.510.540.580.610.65May 13Jun 5Jun 25
SMA 50SMA 200
Close
$0.51
RSI (14)
34.6
52W High
$0.8437
From 52W High
0.6%

SCORE BREAKDOWN

Quality
44
ROIC
9.4%62.0
ROE
-11.8%16.3
GP/Assets
52.7%92.5
Op. Margin
-34.8%12.5
FCF/Assets
15.3%90.6
Piotroski
544.7
Int. Cover
1.6x28.2
D/E Ratio
1.69x12.5
Current Ratio
0.70x15.8
Value
46
P/E (TTM)
—N/A
EV/EBITDA
50.3x2.8
P/FCF
2.8x90.9
P/B
1.6x45.4
P/S
0.6x77.6
Div Yield
3.4%49.1
Momentum
27
52W High %
60%22.1
RS 6M
-42%5.5
SMA 50/200
0.92x11.7
EPS Rev 4W
-6.8%7.3
EPS Rev 12W
—N/A
EPS Improve
+376%87.4
Q Growth
—N/A

FUNDAMENTALS

Market Cap
$165M
P/E (Forward)
4.3x
Gross Margin
80.7%

SECTOR PEERS

Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of REACH.OL are excluded.

TickerCompanyMkt CapStockRankSignal
REACH.OLReach Subsea ASA(you)$165M28SELL
EIOF.OLEidesvik Offshore ASA$110M29SELL
PRS.OLProsafe SE$154M56HOLD
AKAST.OLAkastor ASA$363M51HOLD
MORLD.OLMoreld ASA$341M74BUY
NORAM.OLNorAm Drilling AS$172M91STRONG BUY
JACK.OLJacktel AS$109M94STRONG BUY
SEA1.OLSea1 Offshore Inc.$378M97STRONG BUY
TGS.OLTGS ASA$2.6B96STRONG BUY
AKSO.OLAker Solutions ASA$2.2B100STRONG BUY

Peer medians: ROE 9.2% · P/E 14.0x · Gross margin 59.6%

Reach Subsea ASA (REACH.OL) — Stock Score Summary

Reach Subsea ASA (REACH.OL) has a MoatMap StockRank of 28/100 based on Quality (44/100), Value (46/100), and Momentum (27/100) factor scores. The current signal is SELL. Reach Subsea is a Norwegian subsea service provider benefiting from the structural need to secure and monitor European offshore energy infrastructure. As geopolitical tensions rise, subsea inspection, maintenance, and repair (IMR) are seeing increased demand and pricing power, creating an interesting asymmetric setup.

Reach Subsea ASA is a leading provider of subsea survey, inspection, maintenance, and repair (IMR) services to the global oil, gas, and renewable energy industries. The company is pioneering the transition to unmanned marine operations through its Reach Remote autonomous surface vessels (USVs). Its competitive moat is driven by advanced technology integration, a strong safety track record, and significant cost efficiencies derived from its remote-controlled fleet.

Key Financial Metrics

Price$0.51
Market Cap$165M
P/E (Forward)4.31
Price/Book1.60
Return on Equity-11.8%
Return on Invested Capital9.4%
Debt/Equity168.88
Gross Margin80.7%
Operating Margin-34.8%
Revenue Growth-21.1%
Dividend Yield3.4%
Free Cash Flow$60M

Reach Subsea ASA operates in the Oil & Gas Equipment & Services industry, part of the Energy sector (Norway).

Frequently Asked Questions

What is Reach Subsea ASA’s (REACH.OL) StockRank?
MoatMap’s StockRank for Reach Subsea ASA (REACH.OL) is 28/100, with a Sell signal. It is a composite of Quality (44), Value (46), and Momentum (27) factor ranks across MoatMap’s 20,000+ stock universe.
Does Reach Subsea ASA have an economic moat?
Reach Subsea ASA (REACH.OL) has a Quality factor score of 44/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Reach Subsea ASA a buy, hold, or sell?
MoatMap’s current signal for Reach Subsea ASA (REACH.OL) is Sell, based on a StockRank of 28/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Reach Subsea ASA in?
Reach Subsea ASA (REACH.OL) operates in the Energy sector, specifically the Oil & Gas Equipment & Services industry (Norway).
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