Added to YB: 2026-03-12
Pitch date: 2026-03-10
SBOEF [bullish]
SBO AG
-5.47%
current return
Author Info
No bio for this author
Company Info
SBO AG manufactures and sells steel products worldwide. The company operates in two segments, Precision Technology and Energy Equipment.
Market Cap
EUR 571.3M
Pitch Price
EUR 37.50
Price Target
N/A
Dividend
4.83%
EV/EBITDA
7.68
P/E
17.57
EV/Sales
1.34
Sector
Energy Equipment and Services
Category
value
SBO AG: The Undervalued European Oil-Service Small Cap with Geopolitical Tailwinds, Venezuela Reopening, Iran Upside, and Geothermal Long-Term Optionality
SBOEF: Austrian precision oilfield equipment & manufacturing co trading €36 (~55% below '18 peak) at single-digit fwd P/E. Haas fair-PE model implies 17% annual return 3yr. FY25 rev €455M, EBITDA €71M (16% margin), €281M net cash. Venezuela reopening & potential Iran regime change = near-term catalysts for drilling orders. AMS segment (40-50% earnings, 22-25% EBIT margin) provides cyclical buffer. Geothermal/CCS tech identical to fracking tools = long-term re-rating optionality. Mgmt targets €900M rev by 2030. Market ignores non-oil diversification & geopolitical leverage.
Read full article (5 min)