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Subsea 7

DB:SOC
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOC
DB
NOK18B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Subsea 7 S.A. delivers offshore projects and services for the evolving energy industry worldwide. The last earnings update was 31 days ago. More info.


Add to Portfolio Compare Print
  • Subsea 7 has significant price volatility in the past 3 months.
SOC Share Price and Events
7 Day Returns
31%
DB:SOC
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-59%
DB:SOC
-57.2%
Europe Energy Services
-20.9%
DE Market
SOC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Subsea 7 (SOC) 31% -33.2% -54.3% -59% -66.8% -42.9%
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • SOC underperformed the Energy Services industry which returned -57.2% over the past year.
  • SOC underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
SOC
Industry
5yr Volatility vs Market

Value

 Is Subsea 7 undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Subsea 7 to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Subsea 7.

DB:SOC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 22 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:SOC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 26.01%) (34.54%))
1.097
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.097 * 5.44%)
5.58%

Discounted Cash Flow Calculation for DB:SOC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Subsea 7 is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:SOC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.58%)
2020 311.81 Analyst x9 295.34
2021 344.73 Analyst x10 309.27
2022 286.73 Analyst x5 243.65
2023 352.95 Analyst x2 284.08
2024 333.90 Analyst x1 254.55
2025 321.61 Est @ -3.68% 232.23
2026 312.94 Est @ -2.69% 214.04
2027 306.67 Est @ -2% 198.67
2028 302.02 Est @ -1.52% 185.32
2029 298.45 Est @ -1.18% 173.46
Present value of next 10 years cash flows $2,390.00
DB:SOC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $298.45 × (1 + -0.39%) ÷ (5.58% – -0.39%)
$4,982.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,982.57 ÷ (1 + 5.58%)10
$2,895.87
DB:SOC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,390.00 + $2,895.87
$5,285.87
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,285.87 / 297.21
$17.78
DB:SOC Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:SUBC)
10.534
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $17.78 x 10.534
NOK187.35
Non-primary Listing Adjustment Factor 1 share in DB:SOC represents 0.08343x of OB:SUBC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08343x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 187.35 x 0.08343
€15.63
Value per share (EUR) From above. €15.63
Current discount Discount to share price of €4.97
= -1 x (€4.97 - €15.63) / €15.63
68.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Subsea 7 is available for.
Intrinsic value
>50%
Share price is €4.97 vs Future cash flow value of €15.63
Current Discount Checks
For Subsea 7 to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Subsea 7's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Subsea 7's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Subsea 7's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Subsea 7's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SOC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.27
OB:SUBC Share Price ** OB (2020-04-06) in NOK NOK59.58
OB:SUBC Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $5.66
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Subsea 7.

DB:SOC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:SUBC Share Price ÷ EPS (both in USD)

= 5.66 ÷ -0.27

-20.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Subsea 7 is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Subsea 7 is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Subsea 7's expected growth come at a high price?
Raw Data
DB:SOC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -20.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
59.5%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Subsea 7, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Subsea 7's assets?
Raw Data
DB:SOC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $17.83
OB:SUBC Share Price * OB (2020-04-06) in NOK NOK59.58
OB:SUBC Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.095 $5.66
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:SOC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:SUBC Share Price ÷ Book Value per Share (both in USD)

= 5.66 ÷ 17.83

0.32x

* Primary Listing of Subsea 7.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Subsea 7 is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Subsea 7's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Subsea 7 has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Subsea 7 expected to perform in the next 1 to 3 years based on estimates from 22 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
59.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Subsea 7 expected to grow at an attractive rate?
  • Subsea 7's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Subsea 7's earnings growth is expected to exceed the Germany market average.
  • Subsea 7's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SOC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SOC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts 59.5%
DB:SOC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 0.7%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:SOC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SOC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 3,976 2
2023-12-31 3,626 731 -3 4
2022-12-31 3,795 564 107 14
2021-12-31 3,926 596 124 22
2020-12-31 3,955 585 99 21
2020-04-06
DB:SOC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 3,657 357 -84
2019-09-30 3,790 381 90
2019-06-30 3,922 506 123
2019-03-31 4,124 476 174
2018-12-31 4,074 424 183
2018-09-30 4,054 256 201
2018-06-30 4,035 160 238
2018-03-31 3,897 150 303
2017-12-31 3,986 209 455
2017-09-30 3,915 523 401
2017-06-30 3,780 664 438
2017-03-31 3,718 829 431

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Subsea 7's earnings are expected to grow significantly at over 20% yearly.
  • Subsea 7's revenue is expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:SOC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below

All data from Subsea 7 Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SOC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 0.91 0.91 0.91 1.00
2023-12-31 0.04 0.58 -0.50 2.00
2022-12-31 0.33 1.05 -0.23 13.00
2021-12-31 0.39 0.88 -0.24 20.00
2020-12-31 0.31 0.49 0.02 19.00
2020-04-06
DB:SOC Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.27
2019-09-30 0.29
2019-06-30 0.39
2019-03-31 0.54
2018-12-31 0.56
2018-09-30 0.62
2018-06-30 0.73
2018-03-31 0.93
2017-12-31 1.40
2017-09-30 1.23
2017-06-30 1.34
2017-03-31 1.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Subsea 7 is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Subsea 7's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Subsea 7 has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Subsea 7 performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Subsea 7's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Subsea 7 does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Subsea 7's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Subsea 7's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Subsea 7's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Subsea 7 Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SOC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,656.60 -83.60 231.30
2019-09-30 3,790.40 90.10 253.00
2019-06-30 3,922.30 122.90 244.20
2019-03-31 4,123.80 174.00 248.40
2018-12-31 4,073.80 182.50 264.40
2018-09-30 4,053.70 201.20 256.80
2018-06-30 4,034.60 238.00 257.10
2018-03-31 3,897.30 303.30 249.30
2017-12-31 3,985.60 454.80 222.60
2017-09-30 3,915.20 400.60 171.00
2017-06-30 3,779.70 438.00 169.70
2017-03-31 3,718.00 431.40 180.30
2016-12-31 3,566.70 436.00 185.70
2016-09-30 3,659.30 11.50 185.80
2016-06-30 3,931.30 19.00 211.90
2016-03-31 4,323.00 -24.50 221.80
2015-12-31 4,758.10 -17.00 239.10
2015-09-30 5,128.20 -563.00 297.20
2015-06-30 5,830.40 -513.90 294.20
2015-03-31 6,383.20 -334.90 283.00
2014-12-31 6,869.90 -337.80 293.40
2014-09-30 7,060.70 711.50 300.10
2014-06-30 6,722.50 656.30 304.20
2014-03-31 6,498.00 366.30 302.80
2013-12-31 6,297.10 349.70 297.60
2013-09-30 6,322.10 409.30 336.20
2013-06-30 6,501.90 441.60 325.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Subsea 7 has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Subsea 7 has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Subsea 7 improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Subsea 7's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Subsea 7 has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Subsea 7's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Subsea 7's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Subsea 7 is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Subsea 7's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Subsea 7's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Subsea 7 Company Filings, last reported 3 months ago.

DB:SOC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,363.00 235.40 397.70
2019-09-30 5,441.50 239.80 367.10
2019-06-30 5,458.00 245.80 420.10
2019-03-31 5,681.90 252.80 665.90
2018-12-31 5,721.80 260.00 780.80
2018-09-30 5,826.10 264.40 732.00
2018-06-30 5,764.80 270.50 613.60
2018-03-31 6,012.90 276.70 1,007.40
2017-12-31 5,941.00 284.50 1,109.10
2017-09-30 5,904.40 646.90 1,524.20
2017-06-30 5,712.80 649.80 1,474.40
2017-03-31 5,716.50 857.80 1,871.80
2016-12-31 5,536.60 429.10 1,676.40
2016-09-30 5,634.10 454.20 1,397.40
2016-06-30 5,497.40 451.30 1,179.70
2016-03-31 5,440.90 452.50 1,085.30
2015-12-31 5,346.20 526.70 946.80
2015-09-30 5,796.00 553.40 657.00
2015-06-30 5,774.80 583.90 433.30
2015-03-31 5,550.50 661.50 373.10
2014-12-31 5,561.70 582.10 572.60
2014-09-30 6,841.50 844.20 661.60
2014-06-30 6,843.40 919.30 844.60
2014-03-31 6,728.40 915.50 538.40
2013-12-31 6,571.10 922.20 691.50
2013-09-30 6,417.40 1,417.90 952.80
2013-06-30 6,089.20 1,403.40 1,084.10
  • Subsea 7's level of debt (4.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (10.5% vs 4.4% today).
  • Debt is well covered by operating cash flow (151.5%, greater than 20% of total debt).
  • Subsea 7 is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Subsea 7's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Subsea 7 has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Subsea 7's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Subsea 7 dividends. Estimated to be 2.17% next year.
If you bought €2,000 of Subsea 7 shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Subsea 7's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Subsea 7's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SOC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:SOC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.00 1.00
2023-12-31 0.09 2.00
2022-12-31 0.12 14.00
2021-12-31 0.14 22.00
2020-12-31 0.11 22.00
2020-04-06
DB:SOC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-06 0.000 0.000
2020-02-26 0.000 0.000
2019-04-17 0.160 1.541
2018-03-01 0.569 4.633
2015-03-04 0.000 0.000
2014-05-21 0.461 4.145
2013-03-14 0.600 3.014
2012-03-16 0.000 0.000
2011-11-02 0.000 0.000
2011-08-10 0.000 0.000
2011-05-11 0.000 0.000
2011-03-02 0.000 0.000
2011-02-23 0.000 0.000
2010-05-28 0.230 1.219

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Subsea 7 has not reported any payouts.
  • Unable to verify if Subsea 7's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Subsea 7's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Subsea 7 has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Subsea 7's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Subsea 7 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Subsea 7 has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Subsea 7's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Evans
AGE 56
TENURE AS CEO 0.3 years
CEO Bio

Mr. John Evans has been Chief Executive Officer of Subsea 7 SA since January 1, 2020 and served as its Chief Operating Officer since July 2005 until Jnauary 01, 2020. Mr. Evans has over 25 years experience in the engineering and contracting sector as a Senior Manager and Chartered Engineer. He served as the Chief Operating Officer of Subsea 7 Inc. from July 1, 2005 to January 2011. He served as the Chief Operating Officer at KBR’s Government, Defense and Infrastructure business in Europe and Africa from 2002 to mid 2005. He started his career in the oil and gas engineering and contracting sector in 1987 working with Kellogg Brown & Root (‘KBR’). During eighteen years with Kellogg Brown & Root and EMC, he gained a successful record in general management, commercial and operational roles in the offshore oil and gas industry. He ha has over 30 years' experience in the Offshore Energy Services industry.He is a Chartered Mechanical and Marine Engineer and Chartered Director. Mr. Evans holds a Bachelor of Engineering degree in Mechanical Engineering from University of Wales, Cardiff.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Subsea 7 management team in years:

0.6
Average Tenure
53
Average Age
  • The average tenure for the Subsea 7 management team is less than 2 years, this suggests a new team.
Management Team

John Evans

TITLE
Chief Executive Officer
AGE
56
TENURE
0.3 yrs

Ricardo Rosa

TITLE
Chief Financial Officer
AGE
63
TENURE
7.8 yrs

Phil Simons

TITLE
Executive Vice President of Projects & Operations
AGE
53
TENURE
0.3 yrs

Katherine Tonks

TITLE
Head of Investor Relations

Nathalie Louys

TITLE
General Counsel
AGE
56
TENURE
8 yrs

Kate Lyne

TITLE
Executive Vice President of Human Resources
AGE
50
TENURE
0.6 yrs

Victor Bomfim

TITLE
Senior Vice President of Brazil

Dick Martin

TITLE
Senior Vice President of Alliances

Stuart Fitzgerald

TITLE
Executive Vice President of Alliances & Strategy
AGE
50
TENURE
2.3 yrs

Olivier Blaringhem

TITLE
Executive Vice President of SURF & Conventional
AGE
49
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Subsea 7 board of directors in years:

5
Average Tenure
63.5
Average Age
  • The tenure for the Subsea 7 board of directors is about average.
Board of Directors

Kristian Siem

TITLE
Chairman
COMPENSATION
$200K
AGE
70
TENURE
9.3 yrs

Dod Fraser

TITLE
Independent Non-Executive Director
COMPENSATION
$119K
AGE
69
TENURE
10.3 yrs

Allen Stevens

TITLE
Senior Non-Executive Independent Director
COMPENSATION
$105K
AGE
76
TENURE
1.9 yrs

Jean Cahuzac

TITLE
Non-Executive Director
AGE
65
TENURE
11.9 yrs

Eystein Eriksrud

TITLE
Non-Executive Director
COMPENSATION
$111K
AGE
49
TENURE
8.1 yrs

David Mullen

TITLE
Independent Non-Executive Director
COMPENSATION
$105K
AGE
61
TENURE
2 yrs

Niels Kirk

TITLE
Independent Non-Executive Director
COMPENSATION
$111K
AGE
57
TENURE
2 yrs

Elisabeth Proust

TITLE
Non-Executive Independent Director
COMPENSATION
$105K
AGE
62
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. Oct 19 Sell Keith Tipson Individual 01. Oct 19 01. Oct 19 -4,149 €9.31 €-38,609
10. May 19 Buy Siem Industries Inc. Company 10. May 19 10. May 19 1,981,046 €10.77 €21,343,713
X
Management checks
We assess Subsea 7's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Subsea 7 has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Subsea 7 S.A. delivers offshore projects and services for the evolving energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore. The company also offers engineering, procurement, construction, and installation of subsea umbilicals, risers, and flowlines; life of field services, such as inspection, repair, maintenance, integrity management, and remote intervention of subsea infrastructure; conventional services comprising fabrication, installation, extension, and refurbishment of fixed and floating platforms and associated pipelines; hook-up services; and refurbishment of fixed and floating platforms and associated pipelines in shallow water. In addition, it operates heavy lifting operations for oil and gas structures; and installs offshore wind farm foundations and inter-array cables, as well as engages in the decommissioning of redundant offshore structures. Further, the company provides remotely operated vehicles (ROVs) and tooling services to support exploration and production activities. It has a fleet of 5 chartered vessels and 91 ROVs. Subsea 7 S.A. was incorporated in 1993 and is based in Luxembourg City, Luxembourg.

Details
Name: Subsea 7 S.A.
SOC
Exchange: DB
Founded: 1993
NOK1,558,092,234
297,210,554
Website: http://www.subsea7.com
Address: Subsea 7 S.A.
412F, Route d'Esch,
Luxembourg City,
2086,
Luxembourg
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SUBC Common Shares Oslo Bors NO NOK 21. May 1993
OTCPK ACGY.F Common Shares Pink Sheets LLC US USD 21. May 1993
DB SOC Common Shares Deutsche Boerse AG DE EUR 21. May 1993
LSE 0OGK Common Shares London Stock Exchange GB NOK 21. May 1993
BATS-CHIXE SUBCO Common Shares BATS 'Chi-X Europe' GB NOK 21. May 1993
OTCPK SUBC.Y ADR EACH REPR 1 COM SPON Pink Sheets LLC US USD 26. Jun 1998
DB SOCA ADR EACH REPR 1 COM SPON Deutsche Boerse AG DE EUR 26. Jun 1998
Number of employees
Current staff
Staff numbers
11,000
Subsea 7 employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 22:53
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/03/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.