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Reach Subsea

Reach Subsea

REACH · OL · Energy / Oil & Gas Equipment & Services

5.74NOK-0.02 (-0.35%)

Price History

Full chart

Market Stats

Previous Close5.76
Open5.76
Day Range5.70 – 5.83
52-Week Range4.69 – 7.30
Volume65.20K
Market Cap2.08B
P/E (TTM)0.00
Forward P/E2.86
EPS-0.24
Dividend Yield0.00%
Beta-0.11
50-Day Avg6.01
200-Day Avg6.22

About

Reach Subsea ASA provides subsea services in Norway and internationally. It operates in two segments, Oil & Gas and Renewable/Other. The company offers subsea services, including engineering solutions and project management for offshore operations; inspection, maintenance, and repair services, such as structural inspections, WROV operation, SCM changeout, scale squeeze operations, water injection, ready for operation, subsea equipment maintenance, repair, commissioning, and boulder clearance; asset integrity and pipeline inspection services; and construction support services, including seabed intervention, boulder clearance, touchdown monitoring, and pre-lay and post-lay surveys, as well as vessel, personnel, survey, and on demand engineering. It also provides geophysical, geotechnical, and environmental survey solutions for site survey, pipeline/cable route survey, ROV, seabed mapping, and pipeline inspection; surface and subsea positioning solutions to support marine construction projects; specialist survey and positioning services to support international marine construction projects, offshore cable operations, rig and mooring operations, and seabed surveys; and support services for offshore power, communication, and umbilical cables, as well as supporting operation and maintenance/inspection, repair and maintenance services. In addition, the company offers geophysical monitoring solutions for hydrocarbon producing fields offshore, including 4D gravity, seafloor subsidence monitoring, depth watch for seismic nodes, injection integrity monitoring, well drilling, and real time seismic monitoring services; and environmental monitoring services that include multi-physical monitoring services. The company was formerly known as Transit Invest ASA and changed its name to Reach Subsea ASA in December 2012. Reach Subsea ASA was incorporated in 1909 and is headquartered in Haugesund, Norway.

Company Details

  • SectorEnergy
  • IndustryOil & Gas Equipment & Services
  • CEOMr. Jostein Alendal
  • Employees500
  • HeadquartersMøllervegen 6, Haugesund, Norway, 5525, Norway
  • Websitehttps://reachsubsea.no

Leadership

  • Mr. Jostein AlendalCEO & MD
  • Mr. Arne JoaChief Financial Officer
  • Mr. Inge GrutleChief Operating Officer
  • Mr. Audun BrandtzaegChief Technology Officer
  • Mr. Bard Thuen HogheimChief Commercial Officer

Financials

Income Statement

Currency: NOK2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue446.43M381.49M500.08M499.98M589.23M925.79M923.75M1.15B1.41B923.28M809.75M399.95M3.56M62.03M311.05M634.37M327.49M360.15M675.26M508.53M618.87M673.25M1.16B1.97B2.72B2.68B
Growth (%)--14.55%+31.09%-0.02%+17.85%+57.12%-0.22%+24.99%+22.10%-34.51%-12.30%-50.61%-99.11%+1642.36%+401.47%+103.94%-48.37%+9.97%+87.49%-24.69%+21.70%+8.79%+72.53%+69.31%+38.16%-1.47%
Cost of Revenue----499.52M757.98M788.60M1.18B1.28B850.40M805.90M403.84M9.19M9.75M56.34M52.12M225.56M232.40M488.96M371.87M378.36M398.44M626.34M401.48M1.56B538.08M
Gross Profit----89.71M167.81M135.15M126.84M66.56M72.88M3.85M-3.89M3.56M52.28M254.71M582.25M190.30M127.76M186.30M136.66M240.51M274.81M284.17M1.59B1.15B2.14B
Gross Margin----15.23%18.13%14.63%10.99%4.72%7.89%0.47%-0.97%100.00%84.28%81.89%91.78%58.11%35.47%27.59%26.87%38.86%40.82%24.46%81.08%42.48%79.90%
Operating Expense-----8.11M48.93M99.08M100.51M131.14M271.97M280.83M147.32M9.19M72.46M233.69M570.89M204.58M155.25M190.29M152.99M189.19M195.75M178.91M1.26B790.52M1.99B
Operating Income---131.00K97.83M118.87M36.07M26.32M-64.57M-199.09M-276.99M-151.21M-5.63M-20.18M21.02M11.36M-14.28M-27.49M-3.98M-16.32M51.32M79.06M105.25M331.79M363.76M149.43M
Operating Margin---0.03%16.60%12.84%3.91%2.28%-4.58%-21.56%-34.21%-37.81%-158.03%-32.54%6.76%1.79%-4.36%-7.63%-0.59%-3.21%8.29%11.74%9.06%16.87%13.39%5.58%
EBITDA----118.51M207.30M91.10M189.21M209.12M-11.04M-107.46M2.35M-5.49M-14.43M42.55M27.47M8.93M26.85M245.05M163.50M257.78M320.65M466.97M931.80M1.16B1.18B
EBITDA Margin----20.11%22.39%9.86%16.39%14.83%-1.20%-13.27%0.59%-154.33%-23.26%13.68%4.33%2.73%7.46%36.29%32.15%41.65%47.63%40.20%47.38%42.63%43.99%
Net Income--39.35M25.01M130.21M117.49M-10.39M-137.27M-115.03M-227.50M-311.12M-171.69M-5.50M-15.75M24.83M1.39M-23.21M-30.76M-9.65M-35.71M43.10M93.81M72.19M225.79M205.44M108.10M
Net Income Margin--7.87%5.00%22.10%12.69%-1.12%-11.89%-8.16%-24.64%-38.42%-42.93%-154.41%-25.39%7.98%0.22%-7.09%-8.54%-1.43%-7.02%6.96%13.93%6.21%11.48%7.56%4.04%
R&D------------------------227.00K-
R&D as % of Total Revenue------------------------0.01%-
Interest Expense000010.20M26.16M30.76M70.87M76.30M34.07M44.15M37.84M3.00K1.05M4.07M4.19M5.77M3.47M9.69M11.84M7.78M7.95M15.57M78.46M122.18M123.65M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%1.73%2.83%3.33%6.14%5.41%3.69%5.45%9.46%0.08%1.69%1.31%0.66%1.76%0.96%1.44%2.33%1.26%1.18%1.34%3.99%4.50%4.62%

Balance Sheet

Currency: NOK2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets754.25M632.77M526.77M491.08M645.36M1.26B1.98B1.91B2.33B4.05B1.39B938.41M50.67M211.21M262.96M339.25M298.59M389.16M494.34M445.38M363.01M746.53M952.09M2.69B3.25B3.61B
Total Liabilities718.57M629.98M482.89M257.23M279.47M655.68M1.44B1.14B1.46B191.75M989.48M704.65M6.45M82.32M108.78M181.81M135.64M171.09M283.09M279.55M152.86M459.72M372.64M1.76B2.16B2.39B
Total Equity35.68M2.80M43.87M233.85M365.89M593.89M532.82M774.00M857.55M3.85B396.58M233.77M44.23M128.90M154.18M157.44M162.95M218.08M211.25M165.83M210.15M286.81M579.44M928.00M1.09B1.22B
Cash29.00M36.29M25.31M25.88M48.53M159.30M66.09M63.72M117.64M337.43M78.78M48.12M45.58M53.72M59.75M54.37M30.59M98.95M63.28M38.66M100.96M142.70M181.29M436.42M278.02M514.17M
Total Debt----206.30M569.91M1.32B853.73M1.09B-879.27M626.57M-77.49M70.99M112.60M85.23M64.17M148.75M182.52M41.36M312.56M130.99M1.26B1.56B-
Net Debt----157.77M410.61M1.25B790.01M972.34M-337.43M800.49M578.45M-45.58M23.77M11.24M58.23M54.64M-34.78M85.47M143.86M-59.60M169.86M-50.30M837.74M1.28B120.74M

Cash Flow

Currency: NOK2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow---31.39M42.32M82.16M88.81M91.91M119.19M-4.34M-90.22M-61.84M-1.61M-31.22M46.59M26.36M-3.21M19.02M248.97M191.03M268.69M279.21M466.31M952.73M833.21M1.19B
Investing Cash Flow101.42M69.07M5.27M22.56M-76.61M-317.98M-962.81M-331.21M-81.51M58.04M-22.69M290.42M1.69M-136.39M-33.82M-74.61M-1.31M-12.10M-58.15M-27.11M-2.12M6.96M-204.70M-208.39M-297.13M-531.53M
Financing Cash Flow----60.30M339.99M792.64M235.28M-3.90M-78.99M115.63M-263.67M42.22M175.75M-6.74M42.88M-19.26M61.45M-226.49M-189.00M-200.17M-245.14M-214.54M-487.78M-746.75M-407.34M
Capital Expenditure21.74M9.75M1.61M18.67M74.64M532.76M989.44M365.51M109.06M67.44M41.96M38.71M089.39M25.40M65.97M1.31M10.60M47.97M33.91M2.12M1.56M167.81M202.71M262.81M372.54M
Free Cash Flow-----32.32M-450.60M-900.63M-273.60M10.13M-71.78M-132.18M-100.54M-1.61M-120.61M21.19M-39.62M-4.52M8.41M201.00M157.12M266.57M277.65M298.50M750.02M570.40M818.93M
Dividends Paid------28.77M---------10.05M10.05M10.05M10.05M21.54M21.54M40.48M45.98M97.84M137.50M
FCF to OCF-----76.36%-548.47%-1014.08%-297.68%8.50%1653.81%146.51%162.60%100.00%386.33%45.47%-150.31%140.96%44.25%80.73%82.25%99.21%99.44%64.01%78.72%68.46%68.73%
Dividend Paid to FCF-------3.19%----------222.20%119.41%5.00%6.40%8.08%7.76%13.56%6.13%17.15%16.79%

Earnings

Report DateNov 26, 2007May 14, 2008Aug 18, 2008Nov 14, 2008Feb 18, 2009May 19, 2009Aug 31, 2009Nov 24, 2009Feb 25, 2010May 18, 2010Aug 24, 2010Nov 9, 2010Feb 22, 2011May 25, 2011Aug 25, 2011Nov 17, 2011Feb 23, 2012May 31, 2012Aug 24, 2012Nov 9, 2012Feb 22, 2013Apr 30, 2013Aug 20, 2013Nov 26, 2013Feb 25, 2014May 27, 2014Aug 26, 2014Nov 25, 2014Feb 17, 2015May 29, 2015Aug 26, 2015Nov 17, 2015Feb 23, 2016May 31, 2016Aug 30, 2016Nov 29, 2016Feb 16, 2017May 30, 2017Aug 29, 2017Nov 28, 2017Feb 27, 2018May 23, 2018Aug 23, 2018Nov 21, 2018Feb 19, 2019May 28, 2019Aug 27, 2019Nov 26, 2019Feb 25, 2020May 27, 2020Aug 25, 2020Nov 24, 2020Feb 23, 2021May 5, 2021Aug 17, 2021Nov 4, 2021Feb 8, 2022May 6, 2022Aug 22, 2022Nov 8, 2022Feb 14, 2023May 9, 2023Aug 23, 2023Nov 7, 2023Feb 14, 2024May 8, 2024Aug 27, 2024Nov 12, 2024Feb 13, 2025May 8, 2025Aug 26, 2025Nov 18, 2025Feb 12, 2026May 6, 2026Aug 18, 2026
EPS Estimate-60.6087.1347.53-----44.36-48.00--167.20--4.00-----------0.03---------------------0.13----------0.180.05-0.080.220.18--0.320.260.030.090.300.280.180.130.29----
EPS Actual-171.21-40.1885.82-47.67-23.582.02-50.22-178.66-334.57-100.40-201.02-13.60-76.810.19-11.59-9.44-0.57-40.35-5.16-0.25-0.22-0.05-0.070.02-0.140.050.090.100.10-0.120.100.030.01-0.190.04-0.07-0.06-0.11-0.070.02-0.07-0.130.030.06-0.17-0.120.030.03-0.17-0.220.190.230.100.080.110.310.16-0.230.180.230.050.010.340.260.180.020.300.300.070.170.220.12-0.18-0.580.41
Surprise-182.52%-146.12%80.56%-----302.75%-597.02%--20.23%--1820.33%----------166.67%---------------------30.77%----------72.22%220.00%-187.50%-18.18%27.78%--6.25%0.00%500.00%-77.78%0.00%7.14%-61.11%30.77%-24.14%----
TimingPre-marketPre-marketPre-market----Pre-marketAfter-hoursAfter-hoursPre-market-After-hours----------After-hours--Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-market-

Key Statistics & Ratios

Market Cap2.08B
Enterprise Value3.76B
Trailing P/E0.00
Forward P/E2.86
PEG Ratio2.92
Price / Sales0.73
Price / Book1.83
EPS-0.24
Book Value3.60
Revenue (TTM)2.83B
Gross Profit (TTM)2.21B
EBITDA171.72M
Profit Margin-2.69%
Operating Margin19.47%
Return on Equity-6.34%
Return on Assets0.24%
Shares Outstanding326.96M
Shares Float127.14M
Beta-0.11
Dividend Yield0.00%
Dividend Rate0.42
Payout Ratio127.27%

Dividends

20261×
0.17May 29, 2026
20251×
0.42May 30, 2025
20241×
0.36Jun 3, 2024
20231×
0.18Jun 1, 2023
20221×
0.18May 31, 2022
20211×
0.15Jun 14, 2021
20191×
0.07May 28, 2019
20061×
35.19May 19, 2006
19961×
142.21Apr 25, 1996
19951×
28.44May 10, 1995
19941×
142.21Apr 27, 1994

Stock Splits

  • Feb 16, 20231119:1114
  • Jan 13, 2017351:346
  • May 6, 201381:70
  • Dec 6, 20121:20
  • May 2, 20111:40
  • Aug 5, 20101279:351
  • Nov 25, 20094928:4709
  • Dec 13, 20062729:2699
  • Mar 2, 2004823:809
  • Jun 17, 2003102:101
  • Nov 29, 2000719:597
  • Apr 27, 19945:1