Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
SUBC.OL
STRONG BUYAPPROVESubsea 7 S.A. · Energy · Luxembourg · $9.8B · Avg Vol: $18M/d
Subsea 7 is a premier subsea engineering partner benefiting from a multi-year offshore oil and gas capex upcycle. As geopolitical tensions in the Middle East and Ukraine force Europe and the US to secure non-Russian, non-Strait of Hormuz energy sources, deepwater offshore projects in Brazil, West Africa, and the Gulf of Mexico are seeing unprecedented investment. Subsea 7 has a massive moat through its specialized fleet, deep technical expertise, and strategic alliance with OneSubsea, allowing it to capture high-margin, long-cycle contracts with strong pricing power.
COMPANY DESCRIPTION
Subsea 7 S.A. is a global leader in the delivery of offshore projects and services for the evolving energy industry, specializing in subsea engineering, construction, and offshore wind installations. The company's competitive moat is its state-of-the-art fleet of pipelay and heavy construction vessels, combined with deep technical expertise in ultra-deepwater environments. It is a tier-one offshore contractor well-positioned to benefit from both traditional oil and gas capex and the offshore wind transition.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 555M | 646M | 740M | 766M | 11.3% |
| EPS | 0.02 | 0.01 | 0.07 | 0.15 | 90.8% |
| Shares | 300M | 304M | 300M | 300M | -0.1% |
| Debt | 66M | 141M | 127M | 101M | 15.0% |
| Equity | 446M | 468M | 460M | 477M | 2.3% |
| Op CF | 53M | 71M | 101M | 159M | 44.7% |
| Inv CF | -24M | -77M | -45M | -23M | — |
| Fin CF | -23M | 16M | -74M | -95M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of SUBC.OL are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| SUBC.OL | Subsea 7 S.A.(you) | $9.8B | 99 | STRONG BUY |
| TEN.MI | Tenaris S.A. | $30.8B | 94 | STRONG BUY |
| COSH.OL | Constellation Oil Services Holding S.A. | $1.3B | 62 | HOLD |
| CLE.WA | Coal Energy S.A. | $23M | 2 | STRONG SELL |
Peer medians: ROE 3.5% · P/E 16.6x · Gross margin 14.4%