SBM Offshore NV
XMUN:IHCB
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
S
|
SBM Offshore NV
XMUN:IHCB
|
NL |
|
STMicroelectronics NV
PAR:STMPA
|
NL |
|
A
|
Atos SE
XBER:AXI
|
FR |
|
N
|
Norwegian Air Shuttle ASA
XBER:NWC
|
NO |
|
T
|
Tower Semiconductor Ltd
SWB:TOW
|
IL |
|
Wirtualna Polska Holding SA
F:9DE
|
PL |
|
Booking Holdings Inc
NASDAQ:BKNG
|
US |
|
Tbea Co Ltd
SSE:600089
|
CN |
|
Take-Two Interactive Software Inc
NASDAQ:TTWO
|
US |
|
Sheela Foam Ltd
NSE:SFL
|
IN |
|
S
|
Screen Holdings Co Ltd
SWB:DAO
|
JP |
|
PT Dayamitra Telekomunikasi Tbk
IDX:MTEL
|
ID |
|
Safran SA
LSE:0IU8
|
FR |
|
McCormick & Company Inc
NYSE:MKC
|
US |
SBM Offshore NV
SBM Offshore NV makes and runs floating offshore production systems, especially FPSOs, which are large ships that process oil and gas at sea and store it before it is offloaded to tankers. The company also supplies mooring systems and other equipment needed to keep these vessels connected to offshore fields. In simple terms, it helps oil and gas producers develop deepwater fields that are too far from shore for fixed platforms. Its main customers are oil and gas companies, including large international producers and state-owned energy firms. SBM Offshore earns money in two main ways: it can sell or build the equipment and complete systems for a project, and it can also lease and operate its floating production units under long-term contracts. That second model gives the company recurring, service-like revenue rather than relying only on one-time project sales. What makes SBM Offshore different is its role at the center of deepwater production. It does not drill for oil itself; instead, it provides the specialized floating infrastructure that allows others to produce offshore reserves efficiently. This makes the company a niche industrial partner in the offshore energy supply chain, with a business tied to complex engineering, long project cycles, and the need for reliable operation at sea.
SBM Offshore NV makes and runs floating offshore production systems, especially FPSOs, which are large ships that process oil and gas at sea and store it before it is offloaded to tankers. The company also supplies mooring systems and other equipment needed to keep these vessels connected to offshore fields. In simple terms, it helps oil and gas producers develop deepwater fields that are too far from shore for fixed platforms.
Its main customers are oil and gas companies, including large international producers and state-owned energy firms. SBM Offshore earns money in two main ways: it can sell or build the equipment and complete systems for a project, and it can also lease and operate its floating production units under long-term contracts. That second model gives the company recurring, service-like revenue rather than relying only on one-time project sales.
What makes SBM Offshore different is its role at the center of deepwater production. It does not drill for oil itself; instead, it provides the specialized floating infrastructure that allows others to produce offshore reserves efficiently. This makes the company a niche industrial partner in the offshore energy supply chain, with a business tied to complex engineering, long project cycles, and the need for reliable operation at sea.
Revenue Guidance: SBM Offshore revised its 2021 revenue guidance down to above $2.3 billion from around $2.6 billion, mainly due to a timing shift in a project divestment.
EBITDA Guidance: The company maintained its 2021 EBITDA guidance at around $900 million.
Operational Performance: Fleet uptime stood at 99% year-to-date, and safety performance was strong.
Project Execution: Five FPSO projects are under construction, with key milestones achieved across multiple units.
Cost & Inflation: Management acknowledged ongoing inflationary pressures and project execution challenges but confirmed the project portfolio remains robust.
Financing: $4.1 billion of project financings secured so far this year; net debt rose to $5.1 billion due to project investments.
Shareholder Returns: $345 million returned to shareholders in 2021, over $1.2 billion in the past 6 years.
Market Outlook: Management highlighted industry volatility but noted continued demand for large deepwater projects and confidence in SBM's positioning.
