Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

Request Deep Dive(50 Feathers)

SUBC.OL

STRONG BUYAPPROVE

Subsea 7 S.A. · Energy · Luxembourg · $9.8B · Avg Vol: $18M/d

99
StockRank
Q
74
V
49
M
84
P/E (TTM)
22.1x
ROE
10.9%
D/E
0.2x
Dividend %
0.4%
AI CONVICTION THESIS

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

Year2022202320242025CAGR
Revenue555M646M740M766M11.3%
EPS0.020.010.070.1590.8%
Shares300M304M300M300M-0.1%
Debt66M141M127M101M15.0%
Equity446M468M460M477M2.3%
Op CF53M71M101M159M44.7%
Inv CF-24M-77M-45M-23M
Fin CF-23M16M-74M-95M
Loading...
PRICE (1M)+4.0%
32.8234.0635.3036.5537.79Apr 30May 26Jun 15
SMA 50SMA 200
Close
$37.47
RSI (14)
70.1
52W High
$37.86
From 52W High
1.0%

SCORE BREAKDOWN

Quality
74
ROIC
13.4%79.4
ROE
10.9%67.4
GP/Assets
141.9%94.2
Op. Margin
11.3%57.4
FCF/Assets
156.2%99.0
Piotroski
80.1
Int. Cover
9.3x76.7
D/E Ratio
0.19x74.0
Current Ratio
1.10x37.0
Value
49
P/E (TTM)
22.1x37.0
EV/EBITDA
8.4x36.9
P/FCF
66.5x69.5
P/B
0.3x89.9
P/S
1.5x52.0
Div Yield
0.4%9.7
Momentum
84
52W High %
99%99.3
RS 6M
59%91.2
SMA 50/200
1.33x88.3
EPS Rev 4W
+3.4%79.5
EPS Rev 12W
N/A
EPS Improve
+49%41.2
Q Growth
427%92.7

FUNDAMENTALS

Market Cap
$9.8B
P/E (Forward)
14.8x
Gross Margin
16.8%

SECTOR PEERS

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

TickerCompanyMkt CapStockRankSignal
SUBC.OLSubsea 7 S.A.(you)$9.8B99STRONG BUY
TEN.MITenaris S.A.$30.8B94STRONG BUY
COSH.OLConstellation Oil Services Holding S.A.$1.3B62HOLD
CLE.WACoal Energy S.A.$23M2STRONG SELL

Peer medians: ROE 3.5% · P/E 16.6x · Gross margin 14.4%

Subsea 7 S.A. (SUBC.OL) — Stock Score Summary

Subsea 7 S.A. (SUBC.OL) has a MoatMap StockRank of 99/100 based on Quality (74/100), Value (49/100), and Momentum (84/100) factor scores. The current signal is STRONG BUY. 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.

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.

Key Financial Metrics

Price$37.47
Market Cap$9.8B
P/E (TTM)22.12
P/E (Forward)14.83
Price/Book0.26
Return on Equity10.9%
Return on Invested Capital13.4%
Debt/Equity19.24
Gross Margin16.8%
Operating Margin11.3%
Revenue Growth17.0%
Dividend Yield0.4%
Free Cash Flow$147M

Subsea 7 S.A. operates in the Oil & Gas Equipment & Services industry, part of the Energy sector (Luxembourg).

Frequently Asked Questions

What is Subsea 7 S.A.’s (SUBC.OL) StockRank?
MoatMap’s StockRank for Subsea 7 S.A. (SUBC.OL) is 99/100, with a Strong Buy signal. It is a composite of Quality (74), Value (49), and Momentum (84) factor ranks across MoatMap’s 19,000+ stock universe.
Does Subsea 7 S.A. have an economic moat?
Subsea 7 S.A. (SUBC.OL) has a Quality factor score of 74/100. 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 Subsea 7 S.A. a buy, hold, or sell?
MoatMap’s current signal for Subsea 7 S.A. (SUBC.OL) is Strong Buy, based on a StockRank of 99/100. 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 Subsea 7 S.A. in?
Subsea 7 S.A. (SUBC.OL) operates in the Energy sector, specifically the Oil & Gas Equipment & Services industry (Luxembourg).