Added to YB: 2024-09-10
Pitch date: 2024-07-15
REACH.OL [bullish]
Reach Subsea ASA
-29.74%
current return
Author Info
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Company Info
Reach Subsea ASA provides subsea services in Norway and internationally. It operates in two segments, Oil & Gas and Renewable/Other.
Market Cap
NOK 2.7B
Pitch Price
NOK 9.02
Price Target
N/A
Dividend
5.52%
EV/EBITDA
2.93
P/E
10.84
EV/Sales
1.31
Sector
Energy Equipment and Services
Category
value
Reach Subsea - a company in the field of underwater technology
REACH.OL: Subsea engineering co, 70% annual growth, EBITDA +166% 2021-23. Reach Remote USV project, strategic acquisitions in surveying. Strong board, experienced management. Conservative 2024 forecast: €233M revenue, 15% EBITDA margin. Undervalued vs peers (P/E 11 vs Subsea 7's 92). High-growth potential in niche market.
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