QM · rank #19 · 2026-09-11
SBMO
AMSTERDAM · EUR · $6.92B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +60.91% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +18.0% |
| Profit margin Net profit margin, trailing 12 months. | +15.8% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $6.92B |
| Anchor (recent) Close on 2026-08-12 | $34.90 |
| Anchor (far) Close on 2025-08-12 | $21.69 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
SBM Offshore is a leading global FPSO contractor that designs, builds, and operates deepwater floating production vessels under long-term lease and build-operate-transfer contracts, primarily for national oil companies.
Rationale
The 61% trailing momentum is directly reinforced by a concrete fundamental catalyst — H1 2026 revenue nearly tripling YoY, raised full-year guidance to US$7.6bn, and a ~US$12bn Petrobras SEAP award — making this a quality-momentum signal grounded in real earnings acceleration rather than sentiment drift.
Material risks
- 1Petrobras customer concentration on multi-billion-dollar BOT contracts means any renegotiation, local content dispute, or Brazilian offshore capex pullback could collapse the backlog narrative that underpins both the quality and momentum legs of this thesis.
- 2A record turnkey backlog creates acute execution risk — cost overruns or delivery delays on the SEAP FPSOs would directly impair the 15.8% profit margin and 18% ROE that qualify this name on quality screens, triggering a guidance cut and momentum reversal simultaneously.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.