Added to YB: 2025-03-10
Pitch date: 2025-01-20
SBFFY [bullish]
SBM Offshore N.V.
+51.36%
current return
Author Info
No bio for this author
Company Info
SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey.
Market Cap
$3.7B
Pitch Price
$16.85
Price Target
N/A
Dividend
4.15%
EV/EBITDA
14.19
P/E
25.52
EV/Sales
2.94
Sector
Energy Equipment and Services
Category
value
SBM Offshore N.V. - $SBFFY
SBFFY: World's largest FPSO fleet operator. $34B backlog vs $3.1B market cap. Transitioning to BOT model, accelerating cash flow & reducing debt. 2024 revenue guidance $6B+, EBITDA $1.9B. Dominates Guyana deepwater. 10% yield (div+buybacks). Turnkey biz could add $3B value. Undervalued at 17% discount rate vs 6% WACC.
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