Equities

Reach Subsea ASA

Reach Subsea ASA

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EnergyOil, Gas and Coal
  • Price (NOK)9.44
  • Today's Change0.300 / 3.28%
  • Shares traded431.06k
  • 1 Year change+120.56%
  • Beta--
Data delayed at least 15 minutes, as of Nov 21 2024.
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About the company

Reach Subsea ASA, formerly Transit Invest ASA, is a Norway-based company with operations within the maritime sector. It offers subsea services as subcontractor directly to end customers. The Company’s business is based on Remotely Operated Underwater Vehicles (ROV) operated by offshore personnel and supported by onshore project management and engineering resources. Reach Subsea operates through two segments: the Oil & Gas segment, that is engaged in surveying, Inspection, Maintenance and Repair (IMR) and light construction projects for oil & gas companies while the Renewable/Other segment provides those services to non-oil & gas companies. The Company’s services include also geophysical monitoring services, environmental monitoring services as well as in-house engineering. Reach Subsea ASA has several subsidiaries, such as Reach Subsea AS, Connect Offshore AS and Reach International AS.

  • Revenue in NOK (TTM)2.51bn
  • Net income in NOK241.33m
  • Incorporated1995
  • Employees342.00
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Deep Value Driller AS598.58m212.69m1.44bn--6.7910.413.482.412.452.456.901.600.3748--4.73--13.32--15.77------35.53--4.282.860.907-------62.42------
Noram Drilling AS1.11bn3.60m1.57bn361.00434.152.107.131.410.08340.083425.7917.261.07--9.213,082,590.000.345-1.960.4058-2.1969.7973.940.3223-3.23----0.00--23.948.19545.57---25.16--
Archer Ltd13.92bn13.28m2.05bn5.07k106.200.69513.110.1470.21280.2128214.1932.511.392.736.962,866,587.000.1878-1.990.2704-3.7984.6386.360.1352-1.830.99771.200.6882--20.525.62-386.73--16.51--
Reach Subsea ASA2.51bn241.33m2.57bn342.0011.312.502.671.020.83460.83469.303.780.8381--4.157,330,497.008.079.7412.9815.91----9.638.01--4.920.621146.6471.6424.20212.79--33.4138.81
Northern Ocean Ltd3.54bn-575.85m2.58bn10.00--0.4709--0.7301-3.12-3.1219.0518.090.294--6.76353,891,700.00-4.78-5.43-5.30-6.5421.8614.54-16.27-63.702.990.01950.5089--993.73--23.68---23.13--
Solstad Offshore ASA4.36bn-52.58m2.72bn2.87k--1.423.600.6236-0.6686-0.852853.0923.290.304--2.641,521,064.00-0.23562.13-0.57954.04-----0.775210.301.111.830.7459--46.067.29162.87--12.20--
Ventura Offshore Holding Ltd-100.00bn-100.00bn2.76bn----1.13----------23.14----------------------------0.4328--------------
Shelf Drilling (North Sea) Ltd1.43bn-789.27m2.91bn----2.08--2.04-9.62-9.6215.8714.000.2572--4.53---14.22---15.83-------55.27-----0.80560.7068--180.78---358.31------
Shelf Drilling Ltd11.05bn448.32m3.27bn2.84k6.700.62883.150.29611.911.9150.4020.360.4542--4.463,899,190.000.3502-6.220.4186-7.0244.0441.340.7711-16.54--1.260.7619--30.618.1673.62--1.61--
Akastor ASA883.00m1.23bn3.54bn11.002.850.63412.794.014.544.593.2320.380.1333--7.6180,272,730.0018.63-3.1622.86-4.46--53.77139.75-17.06----0.0641--0.3745-40.99-16.62---37.00--
Data as of Nov 21 2024. Currency figures normalised to Reach Subsea ASA's reporting currency: Norwegian Krone NOK

Institutional shareholders

1.59%Per cent of shares held by top holders
HolderShares% Held
Danske Invest Asset Management ASas of 31 Oct 20242.83m1.04%
Mellon Investments Corp.as of 07 Nov 20241.04m0.38%
Alphajet Fair Investors SASas of 12 Nov 2024200.00k0.07%
Irish Life Investment Managers Ltd.as of 07 Nov 202469.68k0.03%
Acadian Asset Management LLCas of 30 Sep 202464.77k0.02%
Victory Capital Management, Inc. (Investment Management)as of 30 Jun 202450.92k0.02%
US Bancorp Asset Management, Inc.as of 30 Jun 202430.91k0.01%
Lazard Asset Management LLCas of 31 Oct 202415.59k0.01%
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Data from 30 Sep 2024 - 14 Nov 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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