SUBC.OL
Strong BuyFull HouseAI neutralSubsea 7 S.A. · Energy · Luxembourg · $10.1B
NOK 329.00 +3.1% · close 5 Oct · scored 7 Oct
StockRank up 1.2 since 6 Oct.
Full House: Strong business, sensible price, market agrees. The rare full house.
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Subsea 7 is a global leader in offshore oil, gas and wind engineering and construction, and it recently won a contract worth up to NOK 1.4 billion. High oil prices support offshore investment by producers outside the Gulf. However, the company is in the middle of a large merger with Saipem that the European Commission is now investigating, which adds regulatory and integration uncertainty. Its returns have historically followed the offshore spending cycle rather than compounding steadily.
ABOUT SUBSEA 7 S.A.
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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 (NOK)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 49.2B | 57.3B | 65.5B | 67.9B | 11.3% | 72.1B | 73.9B | 75.0B | 5.1% |
| EPS (NOK) | 1.92 | 0.48 | 6.52 | 13.33 | 90.8% | 19.76 | 23.19 | 24.25 | 34.9% |
| Shares | 290.2M | 300.5M | 295.6M | 296.1M | +2.0% | 297.0M | — | — | — |
| Debt | 5.9B | 12.5B | 11.3B | 8.9B | 15.0% | 8.2B | — | — | — |
| Equity | 39.5B | 41.4B | 40.7B | 42.2B | 2.3% | — | — | — | — |
| Op CF | 4.7B | 6.3B | 8.9B | 14.1B | 44.7% | 18.3B | — | — | — |
| Inv CF | -2.1B | -6.8B | -4.0B | -2.0B | — | — | — | — | — |
| Fin CF | -2.0B | 1.4B | -6.5B | -8.4B | — | — | — | — | — |
Calmer than 68% of stocks we rank over the past year (32% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of SUBC.OL are excluded.
Peer medians: ROE 11.6% · P/E 14.9x · Gross margin 30.0%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.