Report
Thijs Berkelder

SBM Offshore : Harvesting season about to start

>C. $ 850m net cash per annum coming back in 2025, 2026 and 2027 - SBM Offshore in its 24H1 presentation has published a new slide on the expected net cashflow (after redemption payments) from the contracts it currently has included in its $ 33.7bn order backlog. It indicates that over the coming 25 years this sales order backlog should translate into $ 9.6bn of net cash for the company, equivalent to € 49.7 per SBM Offshore share, which is up from € 46.6 per share co...
Underlying
SBM Offshore NV

SBM Offshore is a holding company. Co. provides floating production solutions to the offshore energy industry, over the full product life-cycle. Co.'s main activities are the design, supply, installation, operation and life extension of floating production, storage and offloading (FPSO) vessels. Other products include semi-submersibles, tension-leg platforms, floating production storage and offloading liquefied natural gas, turret mooring systems, brownfield and offshore (off) loading terminals. As of Dec 31 2015, Co.'s fleet consisted of 10 FPSOs, two floating storage and offloadings, one mobile offshore production unit, one semisubmersible in operation worldwide.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Thijs Berkelder

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