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Schoeller-Bleckmann Oilfield Equipment (OTC) (SBOEY)
:SBOEY
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Schoeller-Bleckmann Oilfield Equipment AG
(OTC:SBOEY)
74Outperform
Schoeller-Bleckmann Oilfield Equipment AG (SBOEY) vs. S&P 500 (SPY)
Market Cap
$601.39M
Dividend Yield3.59%
Average Volume (3M)37.00
Price to Earnings (P/E)12.3
Beta (1Y)0.44
Revenue Growth0.98%
EPS Growth-32.63%
CountryUS
Employees1,484
SectorEnergy
Sector Strength86
IndustryFossil Fuels
Share Statistics
EPS (TTM)0.31
Shares Outstanding160,000,000
10 Day Avg. Volume2
30 Day Avg. Volume37
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.98
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Schoeller-Bleckmann Oilfield Equipment AG Business Overview & Revenue Model
Company DescriptionSchoeller-Bleckmann Oilfield Equipment AG (SBOEY) is a leading global provider of high-precision components and equipment for the oilfield service industry. Headquartered in Austria, the company specializes in the development and manufacturing of drilling tools and oilfield services equipment, focusing on non-magnetic steel components used in directional drilling. SBOEY is renowned for its innovative technology and engineering excellence, serving a diverse clientele that includes major oilfield service companies and equipment manufacturers worldwide.
How the Company Makes MoneySchoeller-Bleckmann Oilfield Equipment AG generates revenue primarily through the sale of its specialized high-precision components and equipment to the oil and gas industry. The company's key revenue streams include the manufacture and sale of drilling tools and non-magnetic steel components used in directional drilling operations. Additionally, SBOEY provides repair and maintenance services for its products, which contribute to its revenue. The company benefits from long-standing partnerships with major oilfield service providers, which ensure a steady demand for its high-quality products. SBOEY's strategic focus on innovation and quality enables it to maintain competitive pricing and strong market positioning, further supporting its income generation.
Schoeller-Bleckmann Oilfield Equipment AG Financial Statement Overview
Summary
Schoeller-Bleckmann Oilfield Equipment AG demonstrates a strong financial position with robust profitability, efficient cash flow management, and a stable balance sheet. Despite a slight revenue decline in the TTM period, the company maintains healthy margins and cash flow metrics, positioning itself well for future growth and stability in the fossil fuels industry.Income Statement
Schoeller-Bleckmann Oilfield Equipment AG shows a solid income statement with a strong gross profit margin at 30.67% and a net profit margin of 8.75% in the TTM period. Revenue growth shows a decline of 1.99% from 2023 to the TTM period, indicating some pressure on sales. However, profitability remains healthy with an EBIT margin of 13.36% and an EBITDA margin of 18.79%, reflecting operational efficiency.75
Positive
Balance Sheet
The balance sheet is stable with a conservative debt-to-equity ratio of 0.81, indicating a balanced leverage. Return on equity stands at 11.32%, demonstrating decent profitability for shareholders. The equity ratio is robust at 48.34%, showing a strong capital structure. However, there is a slight decrease in stockholders' equity compared to the previous year.70
Positive
Cash Flow
Cash flow analysis reveals a strong operating cash flow to net income ratio of 1.80, highlighting excellent cash generation from operations. Free cash flow growth is healthy at 15.11% from 2023 to the TTM period, supporting further investment opportunities. The free cash flow to net income ratio is 1.12, indicating solid cash flow performance relative to earnings.80
Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 574.25M | 585.87M | 501.24M | 292.81M | 291.16M | 445.26M | Gross Profit |
| 176.06M | 202.60M | 168.85M | 75.96M | 66.07M | 132.57M | EBIT |
| 76.74M | 102.28M | 97.74M | 22.74M | -17.15M | 53.54M | EBITDA |
| 107.91M | 131.75M | 130.68M | 54.53M | 37.89M | 101.93M | Net Income Common Stockholders |
| 50.21M | 71.57M | 75.20M | 20.98M | -21.70M | 32.33M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 168.68M | 162.35M | 287.76M | 291.75M | 313.95M | 265.21M | Total Assets |
| 866.78M | 836.42M | 903.10M | 805.61M | 777.89M | 874.61M | Total Debt |
| 267.17M | 263.59M | 262.65M | 288.52M | 311.83M | 293.82M | Net Debt |
| 98.49M | 101.24M | -25.11M | -3.23M | -2.12M | 28.61M | Total Liabilities |
| 392.84M | 388.40M | 478.08M | 464.73M | 490.85M | 504.52M | Stockholders Equity |
| 473.94M | 448.02M | 425.02M | 340.88M | 287.04M | 370.09M |
| Cash Flow | Free Cash Flow | ||||
| 56.46M | 49.05M | 21.41M | 3.48M | 78.11M | 66.65M | Operating Cash Flow |
| 90.22M | 86.53M | 52.38M | 22.91M | 94.34M | 98.15M | Investing Cash Flow |
| -150.84M | -53.39M | -25.32M | -39.90M | -14.21M | -34.32M | Financing Cash Flow |
| 64.52M | -152.91M | -44.48M | -24.41M | -9.66M | -43.94M |
Schoeller-Bleckmann Oilfield Equipment AG Technical Analysis
Positive
3.76
Price Trends
3.60
Positive
3.37
Positive
3.51
Positive
Market Momentum
0.10
Negative
60.22
Neutral
70.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBOEY, the sentiment is Positive. The current price of 3.76 is above the 20-day moving average (MA) of 3.70, above the 50-day MA of 3.60, and above the 200-day MA of 3.51, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 60.22 is Neutral, neither overbought nor oversold. The STOCH value of 70.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SBOEY.
Schoeller-Bleckmann Oilfield Equipment AG Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $44.25B | 15.02 | 18.47% | 1.92% | 9.10% | 55.56% | |
78 Outperform | $5.59B | 9.15 | 10.12% | 1.87% | 3.42% | -35.98% | |
77 Outperform | $12.32B | 15.31 | 27.06% | 0.68% | 16.23% | 1403.29% | |
75 Outperform | $21.69B | 8.82 | 25.14% | 2.72% | -0.32% | -3.41% | |
74 Outperform | $601.39M | 12.26 | 9.75% | 3.59% | 0.98% | -32.63% | |
73 Outperform | $56.13B | 13.29 | 21.59% | 2.69% | 9.58% | 6.53% | |
57 Neutral | $8.73B | 5.56 | -5.96% | 7.15% | -0.09% | -73.96% |
* Energy Sector Average
Performance Comparison
SBOEY
Schoeller-Bleckmann Oilfield Equipment AG
3.81
-0.92
-19.45%
BKR
Baker Hughes Company
44.11
11.58
35.60%
FTI
TechnipFMC
29.36
4.20
16.69%
HAL
Halliburton
24.74
-13.19
-34.77%
NOV
NOV
14.64
-4.24
-22.46%
SLB
Schlumberger
40.99
-11.92
-22.53%
Schoeller-Bleckmann Oilfield Equipment AG Earnings Call Summary
Earnings Call Date: Mar 20, 2025 | % Change Since: -6.00% | Next Earnings Date: May 22, 2025
Earnings Call Sentiment Neutral
The call presented a mix of positive and negative aspects. While there are solid achievements in cash flow improvement, regional expansion, and strategic initiatives, the company faces sales decline, particularly in the AMS division, and challenges from foreign exchange losses.Highlights
Solid Cash Flow and Balance Sheet Improvement
Free cash flow increased to more than EUR 42 million, significantly above the previous two years, driven by lower working capital. Cash increased significantly compared to half-year figures due to a successful financing round and strong cash flow generation. Net debt further decreased, and the gearing improved.
Regional Expansion and Strategic Achievements
Double-digit sales growth in the Middle East and Latin America. Successfully moved into a new facility in Saudi Arabia, providing more space for assembly, service, and sales activities. Won an ESG award, highlighting commitment to sustainability.
Oilfield Equipment Division Improvement
Oilfield Equipment returning to profitability with promising sales and profit increase in the third quarter, driven by internationalization efforts, despite a weak U.S. market.
Lowlights
Sales Decline and Market Challenges
Sales decreased by 3% year-to-date compared to the previous year, impacted by weakness in the U.S. market. Group EBIT of EUR 51.8 million is well below the previous year.
AMS Division Performance Decline
AMS division faced a decline with EUR 222 million in sales compared to EUR 250 million the previous year, down 11%. Q3 performance impacted by lower sales, foreign exchange losses, and moderated customer demand.
Foreign Exchange Losses
Significant foreign exchange losses of almost EUR 3 million in the third quarter of AMS, impacting overall profitability.
Company Guidance
During the Q3 2024 earnings call for Schoeller-Bleckmann, the executives highlighted several financial metrics and provided guidance. The company achieved sales of EUR 425.6 million, a slight 3% decrease from the previous year, with Oilfield Equipment sales showing a 9% increase driven by international expansion. The bookings for Q3 were EUR 124 million, 4% lower than Q2, but 5% higher than Q1. EBIT for the group was reported at EUR 51.8 million, significantly lower than last year due to challenges in the Oilfield Equipment division's first half performance and foreign exchange losses in the AMS segment. Despite this, the company showed strong cash flow with a free cash flow exceeding EUR 42 million, and gearing improved to 19.6%. The executives emphasized ongoing efforts in regional expansion, particularly in the Middle East and Latin America, and noted a strategic recalibration to be shared in early 2025. While the long-term outlook remains positive, the near-term environment is cautious due to market volatility and economic slowdowns, with the AMS division experiencing moderated demand.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.