Last 104.80 NOK
Change Today +0.20 / 0.19%
Volume 449.2K
SUBC On Other Exchanges
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As of 9:13 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

subsea 7 sa (SUBC) Snapshot

Open
105.00 NOK
Previous Close
104.60 NOK
Day High
106.00 NOK
Day Low
104.00 NOK
52 Week High
10/21/13 - 128.43 NOK
52 Week Low
03/18/14 - 99.55 NOK
Market Cap
36.9B
Average Volume 10 Days
786.8K
EPS TTM
1.85 NOK
Shares Outstanding
351.8M
EX-Date
06/30/14
P/E TM
9.2x
Dividend
3.60 NOK
Dividend Yield
3.44%
Current Stock Chart for SUBSEA 7 SA (SUBC)

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subsea 7 sa (SUBC) Details

Subsea 7 S.A. operates as a seabed-to-surface engineering, construction, and services contractor for the offshore energy industry worldwide. The company offers 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; pipeline and riser installation services; and life-of-field services, which comprise inspection, maintenance and repair, integrity management, and intervention and construction of subsea infrastructure. It also provides conventional services, including fabrication and installation of fixed platforms and associated pipelines; and refurbishment of topsides of existing fixed and floating platforms. In addition, the company provides remotely operated vehicles and remote intervention tooling services to the exploration and production industry; operates heavy lift vessels; and provides installation and decommissioning services to offshore structures. Subsea 7 S.A. was incorporated in 1993 and is based in London, the United Kingdom.

14,000 Employees
Last Reported Date: 03/13/14
Founded in 1993

subsea 7 sa (SUBC) Top Compensated Officers

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Executives, Board Directors

subsea 7 sa (SUBC) Key Developments

Subsea 7 SA Proposes Amendments to Its Articles of Incorporation

Subsea 7 SA Proposed amendments to the articles of incorporation, at the share holders extraordinary general meeting to be held on September 12, 2014.

Subsea 7 SA Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Year 2014; Reports Impairment for the Second Quarter of 2014

Subsea 7 SA reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was $1,905.1 million against $1,680.5 million a year ago. The increase primarily reflected higher activity levels in the APME, Brazil and NSC territories partially offset by a marginal decrease in the AFGOM territory. Net operating income was $349.8 million against $40.6 million a year ago. Income before taxes was $362.2 million against $20.0 million a year ago. The improvement was mainly due to approximately $35 million reduction in the full life project loss on the Gura Lula NE project being recognized in second quarter of 2014. Net income attributable to share holders of the parent company was $270.3 million or $0.73 per diluted share against loss attributable to share holders of the parent company of $17.3 million or $0.05 per basic and diluted share a year ago. Adjusted EBITDA was $452.2 million against $138.7 million a year ago. For the six months, revenue was $3,573.0 million against $3,147.6 million a year ago. Net operating income was $515.6 million against $194.8 million a year ago. Income before taxes was $535.4 million against $177.9 million a year ago. Net income attributable to share holders of the parent company was $423.0 million or $1.15 per diluted share against $116.3 million or $0.34 per diluted share a year ago. Net cash generated from operating activities was $715.8 million against $464.6 million a year ago. Purchase of property, plant and equipment was $427.8 million against $334.7 million a year ago. Adjusted EBITDA was $716.1 million against $379.6 million a year ago. Increase in net operating income was mainly due to the improved results related to the Guara-Lula NE project offset by a lower contribution from the Seaway Heavy Lifting joint venture due to the planned dry-docking of the Stanislav Yudin. The increase in first half of 2014 Revenue was primarily reflected higher activity levels in the AFGOM. Increase in net income was primarily due to the increase in net operating income; finance costs of $12 million in first half of 2014 compared to $41 million in first half of 2013. The company's previously provided guidance for the full year 2014 remains unchanged. The group expects revenue to increase and adjusted EBITDA to increase moderately from the level achieved in 2013 after adding back the $355 million full-life project loss provision recognised on the Guará-Lula NE project that year. For the second quarter of 2014, the company reported impairment of $4.4 million against $10.6 million a year ago.

Subsea 7 SA, Q2 2014 Earnings Call, Jul 31, 2014

Subsea 7 SA, Q2 2014 Earnings Call, Jul 31, 2014

 

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SUBC

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Valuation SUBC Industry Range
Price/Earnings 10.0x
Price/Sales 0.8x
Price/Book 0.8x
Price/Cash Flow 8.8x
TEV/Sales 0.6x
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