Subsea 7 S.A. (SUBC.OL) stock analysis

In our weekly check, Subsea 7 S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 20 pass, warnings: 3, red flags: 2.

About Subsea 7 S.A.

Subsea 7 S.A. is an Energy company (Oil & Gas Equipment & Services) based in Luxembourg, listed on OSL as SUBC.OL.

What our checks show for SUBC.OL

Red flags

• The stock has fallen as much as 85% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 15 years.

Warning signs

• Analysts expect only about 0.7% a year of growth in revenue.
• The net margin is only 8.2%: little room if costs rise.
• Thinly traded (about 318 thousand shares a day): buying and selling can move the price.

Strengths

• Debt is low: 0.2x equity.
• Operating profit covers interest 11.8 times over.
• The net margin rose by 7.5 points over 5 years, to 8.2%.
• The gross margin is 18.2% and has risen by 12.3 points: pricing power is holding.
• Operating cash flow is 3.14x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 10.7% a year over the next years.

Next earnings report: 2026-11-19

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Questions

What grade does Subsea 7 S.A. (SUBC.OL) have?

In our weekly check, Subsea 7 S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 20 pass, warnings: 3, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of SUBC.OL stock?

This week's biggest flags for Subsea 7 S.A.: Deep past fall, Slow recovery after falls, Weak revenue forecast. In total 5 of 25 checks show a warning or a red flag.

What does Subsea 7 S.A. do?

Subsea 7 S.A. is an Energy company (Oil & Gas Equipment & Services) based in Luxembourg, listed on OSL as SUBC.OL.

When does Subsea 7 S.A. report earnings next?

The next earnings report is expected on 2026-11-19. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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