QM · rank #16 · 2026-10-27
SBMO
AMSTERDAM · EUR · $6.44B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +65.23% |
|---|---|
| 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). | $6.44B |
| Anchor (recent) Close on 2026-09-25 | $36.00 |
| Anchor (far) Close on 2025-09-26 | $21.79 |
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 designs, builds, and operates deepwater FPSOs under long-term contracts, with a standardized Fast4Ward hull platform and a backlog anchored by Petrobras and ExxonMobil Guyana projects.
Rationale
The 65% trailing momentum is grounded in real fundamental acceleration—H1 2026 Directional revenue doubled YoY, guidance was raised to ~$7.6B, and a new BOMESC topside contract confirms active backlog conversion—making the momentum signal quality-backed rather than sentiment-only.
Material risks
- 1Customer concentration in Petrobras and ExxonMobil means a single FID deferral or operator capex cut could materially impair backlog conversion and the revenue visibility underpinning the quality score.
- 2Competitive alternatives (MODEC, Yinson, Saipem) and the potential commoditization of standardized FPSO hulls could compress margins on new awards, while NearZero remains approval-in-principle with no commercial deployment to defend a premium positioning.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.