Subsea 7 S.A. (SUBCY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Subsea 7 S.A. (SUBCY) trades at $34.29. Subsea 7 S. A. is a global leader in delivering offshore projects and services for the energy industry. Market cap: $10.15B, Sector: Energy.
Price live · AI analysis from Mar 15, 2026SUBCY stock analysis for 2026: Analysts have set a consensus price target of $28.00 for Subsea 7 S.A., suggesting 18.3% downside from the current price of $34.29. The AI MoonshotScore is 0/100, indicating a strong bearish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
SUBCY: 1/1 perspectives are bearish.
How is this calculated? →Subsea 7 S.A. (SUBCY) Energy Operations & Outlook
Subsea 7 S.A. provides comprehensive offshore project delivery and services to the evolving energy sector, focusing on subsea field development and renewables infrastructure. With a global presence and a fleet of 38 vessels, the company offers integrated solutions from engineering and design to installation and maintenance, positioning it as a key player in the energy transition.
What Is the Investment Thesis for SUBCY?
Subsea 7 S.A. presents a compelling investment case driven by its established position in the offshore energy sector and its growing involvement in renewable energy projects. With a P/E ratio of 21.2 and a dividend yield of 5.05%, the company offers a blend of value and income. The company's expertise in subsea field development and renewables infrastructure positions it to capitalize on the increasing demand for offshore energy solutions. Growth catalysts include the expansion of offshore wind energy and the continued need for subsea infrastructure maintenance and upgrades. Potential risks include fluctuations in oil and gas prices and the cyclical nature of the energy industry. The company's beta of 0.71 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
SUBCY Key Highlights
- Market capitalization of $10.15B, reflecting substantial investor confidence in the company's market position.
- P/E ratio of 21.2, indicating a reasonable valuation relative to earnings.
- Gross margin of 15.4%, demonstrating the company's ability to generate profit from its services.
- Dividend yield of 5.05%, offering an attractive income stream for investors.
- Beta of 0.71, suggesting lower volatility compared to the overall market.
Who Are SUBCY's Competitors?
SUBCY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| MGYOY MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság | $6.38 | +6.24% | $8.12B | 45 |
| SAPMF Saipem S.p.A. | $5.02 | +1.41% | $9.74B | 52 |
| SBFFF SBM Offshore N.V. | $38.00 | +0.00% | $6.30B | 55 |
| SBFFY SBM Offshore N.V. | $34.65 | +1.92% | $5.84B | 55 |
| PLSDF Pulse Seismic Inc. | $2.39 | +1.27% | $121.21M | 67 |
| LB LandBridge Company LLC | $76.84 | +4.19% | $5.92B | 63 |
| SEI Solaris Energy Infrastructure, Inc. | $67.46 | +0.40% | $4.84B | 63 |
| EFXT Enerflex Ltd. | $22.63 | -1.95% | $2.76B | 62 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SUBCY's Key Strengths?
- Strong market position in subsea engineering and construction.
- Diversified service offerings across oil and gas and renewables.
- Experienced management team with a proven track record.
- Global presence with operations in key offshore energy markets.
What Are SUBCY's Weaknesses?
- Exposure to cyclical fluctuations in the energy industry.
- Dependence on large-scale projects with long lead times.
- Potential for cost overruns and project delays.
- Sensitivity to changes in commodity prices.
What Could Drive SUBCY Stock Higher?
- Increased investment in offshore wind energy projects, driving demand for Subsea 7's installation services.
- Aging subsea infrastructure requiring ongoing inspection, repair, and maintenance.
- Potential new contracts for decommissioning of offshore oil and gas platforms.
- Development of new technologies for subsea operations, enhancing efficiency and reducing costs.
- Continued demand for engineering and advisory services in the energy sector.
What Are the Key Risks for SUBCY?
- Fluctuations in oil and gas prices affecting demand for subsea field development services.
- Project delays and cost overruns due to complex offshore operations.
- Competition from other subsea engineering and construction companies.
- Regulatory changes affecting offshore energy development.
- Geopolitical risks in key operating regions.
What Are the Growth Opportunities for SUBCY?
- Expansion in Offshore Wind: The offshore wind energy market is experiencing rapid growth, with increasing investments in new projects worldwide. Subsea 7 can leverage its expertise in heavy lifting, transportation, and subsea cable installation to secure contracts for offshore wind farm construction and maintenance. This market is projected to reach $100 billion by 2030, offering significant revenue potential for Subsea 7.
- Subsea Infrastructure Maintenance: Aging subsea infrastructure in the oil and gas sector requires ongoing inspection, repair, and maintenance (IRM) services. Subsea 7's expertise in IRM positions it to capture a significant share of this market. The global subsea inspection, repair, and maintenance market is estimated at $30 billion annually, providing a stable revenue stream for the company.
- Decommissioning of Offshore Structures: As oil and gas fields mature, the decommissioning of redundant offshore structures becomes increasingly important. Subsea 7's capabilities in decommissioning, including platform removal and pipeline abandonment, offer a growth opportunity. The decommissioning market is projected to reach $76 billion between 2021 and 2030, presenting a substantial opportunity for Subsea 7.
- Remote Operated Vehicles (ROVs) and Tooling Services: Subsea 7's ROV and tooling services support exploration and production activities in the oil and gas sector. These services are essential for deepwater operations and infrastructure maintenance. The global ROV market is expected to grow to $3.5 billion by 2027, driven by increasing demand for subsea inspection and intervention services.
- Engineering and Advisory Services: Subsea 7 provides engineering and advisory services to customers in the oil and gas, renewables, and utilities industries. These services include feasibility studies, front-end engineering design (FEED), and project management support. The market for engineering and advisory services in the energy sector is estimated at $20 billion annually, offering a growth opportunity for Subsea 7 to leverage its expertise and experience.
What Opportunities Does SUBCY Have?
- Expansion in the offshore wind energy market.
- Growth in subsea infrastructure maintenance and upgrades.
- Increasing demand for decommissioning services.
- Development of new technologies for subsea operations.
What Threats Does SUBCY Face?
- Competition from other subsea engineering and construction companies.
- Regulatory changes affecting offshore energy development.
- Geopolitical risks in key operating regions.
- Technological disruptions in the energy industry.
What Are SUBCY's Competitive Advantages?
- Specialized Expertise: Deep technical knowledge and experience in subsea engineering and construction.
- Fleet of Vessels: Ownership and operation of a fleet of specialized vessels for offshore operations.
- Integrated Services: Offering a comprehensive suite of services from project management to installation and maintenance.
- Global Presence: Established presence in key offshore energy markets worldwide.
What Does SUBCY Do?
Subsea 7 S.A., incorporated in 1993 and based in Luxembourg, is a global leader in delivering offshore projects and services for the energy industry. The company provides a comprehensive suite of subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed. These facilities are often tied back to fixed or floating platforms or directly to the shore. Subsea 7 also specializes in the engineering, procurement, commissioning, and installation of subsea umbilicals, risers, and flowlines (SURF). Further, the company offers inspection, repair, maintenance, remote intervention, and integrity management of subsea infrastructure. Beyond its core oil and gas services, Subsea 7 is actively involved in the renewables sector, providing heavy lifting and transportation services for renewable energy structures. This includes the installation of offshore wind turbine foundations and inter-array cables. The company also engages in the decommissioning of redundant offshore structures. As of December 31, 2021, Subsea 7 operates a fleet of 38 vessels, enabling it to execute complex offshore projects worldwide. The company's integrated approach and diverse service offerings position it as a key partner for energy companies navigating the evolving energy landscape.
What Products and Services Does SUBCY Offer?
- Provide project management for offshore energy projects.
- Design and engineer subsea infrastructure.
- Procure materials and equipment for offshore construction.
- Fabricate subsea components.
- Install and commission subsea production facilities.
- Offer inspection, repair, and maintenance of subsea infrastructure.
- Install offshore wind turbine foundations and inter-array cables.
- Decommission redundant offshore structures.
How Does SUBCY Make Money?
- Earn revenue through fixed-price contracts for offshore projects.
- Generate income from time-based service agreements for inspection, repair, and maintenance.
- Provide engineering and advisory services on a fee basis.
- Operate a fleet of specialized vessels for offshore construction and maintenance.
What Industry Does SUBCY Operate In?
Subsea 7 S.A. operates within the oil and gas equipment and services industry, which is undergoing a significant transformation due to the shift towards renewable energy sources. The market for offshore wind energy is expected to grow substantially in the coming years, driving demand for Subsea 7's installation and maintenance services. The company competes with other major players in the subsea engineering and construction space. Subsea 7's diversification into renewables positions it favorably to capitalize on the energy transition.
Who Are SUBCY's Key Customers?
- Oil and gas companies involved in offshore exploration and production.
- Renewable energy developers building offshore wind farms.
- Utilities companies requiring subsea infrastructure maintenance.
- Government agencies overseeing offshore energy projects.
Company Profile
Subsea 7 S.A. operates in the Oil & Gas Equipment & Services industry within the Energy sector. It is headquartered in Luxembourg City, LU. The company is led by CEO John Evans. SUBCY has traded publicly since 1998.
How Subsea 7 S.A. Is Valued
Subsea 7 S.A. carries a market capitalization of $10.15B, placing it in the large-cap category.
ROE 11%Key Financial Metrics
Return on equity for Subsea 7 S.A. stands at 11.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 5.9%, showing how much profit it generates from its asset base. SUBCY trades at a trailing price-to-earnings ratio of 21.16, above the Energy sector average of ~17x. Its free cash flow yield is 14.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.10 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 4.9%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 9/9Financial Health
Subsea 7 S.A.'s Piotroski F-Score is 9/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 3.15 places it in the safe zone, indicating low near-term bankruptcy risk.
FY2026 estForward Outlook
Wall Street analysts project Subsea 7 S.A. revenue of about $7.67B for fiscal 2026, with EPS near $2.33. The estimate reflects 8 contributing analysts.
SUBCY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Subsea 7's future performance, indicating that key executives believe in the company's growth potential.
- Community sentiment has shifted positively, with discussions highlighting the company's strong project pipeline in renewable energy sectors.
- Market perception is buoyed by Subsea 7's strategic partnerships, enhancing their competitive edge in offshore projects.
- Analysts note that the company's focus on cost efficiency and innovation positions it well against competitors in a recovering market.
Bear Case
- Concerns arise from fluctuating oil prices, which could impact demand for Subsea 7's services and affect profitability.
- Recent bearish sentiment in online forums reflects worries about the company's exposure to geopolitical risks in key operational regions.
- The market remains cautious due to past project delays, raising questions about execution capabilities and operational efficiency.
- Some analysts highlight potential regulatory hurdles in the offshore sector, which may pose challenges to Subsea 7's growth trajectory.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
SUBCY Latest News
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Subsea 7 S.A. announces changes to Board composition
globenewswire.com · May 12, 2026
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Subsea 7 S.A. 2026 AGM
globenewswire.com · May 12, 2026
SUBCY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for SUBCY.
Price Targets
Consensus target: $28.00
SUBCY MoonshotScore
What does this score mean?
The MoonshotScore rates SUBCY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: John Evans
CEO
John Evans serves as the CEO of Subsea 7 S.A., leading a workforce of 14,876 employees. His career spans several decades in the energy industry, with a focus on offshore engineering and construction. Prior to joining Subsea 7, Evans held leadership positions at various energy companies, where he oversaw large-scale projects and strategic initiatives. He brings extensive experience in project management, engineering, and business development to his role at Subsea 7.
Track Record: Under John Evans' leadership, Subsea 7 has focused on expanding its presence in the renewable energy sector and strengthening its core business in subsea field development. Key milestones include securing major contracts for offshore wind farm construction and implementing innovative technologies to improve project efficiency. Evans has also emphasized sustainability and environmental responsibility in the company's operations.
Subsea 7 S.A. ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company that trades on U.S. stock exchanges. SUBCY is an ADR, meaning it allows U.S. investors to invest in Subsea 7 S.A., a Luxembourg-based company, without the complexities of cross-border transactions. Each SUBCY ADR represents a specific number of Subsea 7 S.A.'s ordinary shares traded on its home market.
- Home Market Ticker: Euronext Oslo (SUBC) in Norway
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: SUBC
SUBCY OTC Market Information
SUBCY trades on the OTC Other tier, which represents the lowest tier of the OTC market. Companies on this tier often have limited financial disclosure and may not meet the listing requirements of major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries higher risks due to the lack of regulatory oversight and potential for fraud or manipulation. This tier is generally for companies with limited operating history or those that have been delisted from major exchanges.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases the risk of investing in SUBCY.
- Low trading volume and wide bid-ask spreads can make it difficult to buy or sell shares.
- Lack of regulatory oversight increases the risk of fraud or manipulation.
- The OTC Other tier carries higher risks compared to major exchanges.
- Potential for price volatility due to limited liquidity.
- Verify the company's registration and legal status.
- Obtain and review any available financial statements.
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before investing.
- Check for any regulatory actions or legal disputes involving the company.
- Established presence in the offshore energy industry.
- Global operations with a diverse customer base.
- Fleet of specialized vessels and equipment.
- Long operating history since 1993.
- ADR listing, despite being on the OTC market.
SUBCY Energy Stock FAQ
What does Subsea 7 S.A. do?
Subsea 7 S.A. is a global leader in delivering offshore projects and services for the energy industry. The company specializes in subsea field development, providing project management, engineering, procurement, fabrication, installation, and commissioning services. It also offers inspection, repair, and maintenance of subsea infrastructure, as well as services for the renewables sector, including the installation of offshore wind turbine foundations and the decommissioning of redundant offshore structures. Subsea 7 operates a fleet of 38 vessels and serves oil and gas companies, renewable energy developers, and utilities worldwide.
What are the main risks for SUBCY?
The main risks for SUBCY include fluctuations in oil and gas prices, which can affect demand for its subsea field development services. Project delays and cost overruns due to the complexity of offshore operations also pose a risk. Competition from other subsea engineering and construction companies can impact the company's market share and profitability. Regulatory changes affecting offshore energy development and geopolitical risks in key operating regions are additional factors to consider. Investors should carefully assess these risks before investing in SUBCY.
How does Subsea 7 S.A. balance traditional and renewable energy?
Subsea 7 S.A. is strategically balancing its traditional oil and gas operations with a growing focus on renewable energy projects. While continuing to provide essential services for subsea field development, the company is actively expanding its involvement in the offshore wind energy sector. This includes providing heavy lifting and transportation services for renewable energy structures, installing offshore wind turbine foundations and inter-array cables, and offering engineering and advisory services for renewable energy projects. This diversification allows Subsea 7 to capitalize on the energy transition while maintaining a stable revenue stream from its core business.
How exposed is SUBCY to commodity price fluctuations?
SUBCY's exposure to commodity price fluctuations is primarily linked to the demand for its subsea field development services in the oil and gas sector. Lower oil and gas prices can lead to reduced investment in offshore exploration and production, which in turn can negatively impact demand for Subsea 7's services. The company mitigates this risk by diversifying its service offerings across both oil and gas and renewables, as well as by securing long-term contracts with fixed-price terms. However, significant and sustained declines in commodity prices could still have a material adverse effect on Subsea 7's financial performance.
What are the key factors to evaluate for SUBCY?
Evaluate SUBCY on fundamentals, analyst consensus, and risk factors. P/E: 21.2x vs the S&P 500's ~20-25x. Analysts target $28.00 (-18%). Not financial advice.
How frequently does SUBCY data refresh on this page?
SUBCY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven SUBCY's recent stock price performance?
Subsea 7 S.A. (SUBCY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong market position in subsea engineering and construction. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider SUBCY overvalued or undervalued right now?
Subsea 7 S.A. (SUBCY) trades at 21.2x earnings. Analysts target $28.00 (-18%) — downside risk seen. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for SUBCY, which may provide further insights.
- OTC market investments carry higher risks due to limited disclosure and liquidity.