- Seatrium reported a net income of S$156.8 million for the financial year, surpassing estimates of S$114.4 million, and significantly improving from a loss of S$2.02 billion in the previous year.
- The company declared a final dividend per share of S$0.015.
- Revenue for the year reached S$9.23 billion, marking a 27% increase from the previous year and exceeding the estimate of S$8.12 billion.
- Operating profit was S$212.5 million, a turnaround from a loss of S$1.57 billion the year prior, although it was below the estimate of S$276.7 million.
- For the second half of the year, Seatrium achieved a net income of S$120.9 million.
- The second half operating profit was S$97.9 million, compared to a loss of S$1.40 billion in the same period last year.
- Second half revenue was S$5.22 billion, representing an 18% increase year over year.
- The company’s net order book rose by 43% to S$23.2 billion from S$16.2 billion in the previous period, driven by S$15.2 billion in new orders.
- Seatrium is progressing well toward its financial targets for 2028, supported by a diverse portfolio and multi-faceted strategy.
- The company remains focused on executing its robust order book, which ensures revenue and cash flow visibility for the coming years.
- Market analysts show strong confidence with 8 buy ratings, 1 hold, and no sell recommendations for Seatrium.
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Seatrium on Smartkarma
Analyst coverage of Seatrium on Smartkarma by Rikki Malik highlights the company’s current situation. In the report titled “Seatrium – Overhang Remains but Huge Option Value,” Malik points out that despite historical issues, Seatrium’s core business is strong. The company has a growing order backlog, indicating potential upside once the overhang clears. Despite underperforming its smaller peers in the past due to historical issues, Seatrium’s disconnect from the oil price offers asymmetric upside once the overhang is resolved.
A look at Seatrium Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Seatrium Ltd, an engineering solutions provider for the offshore, marine, and energy sectors, is positioned for long-term success based on its Smartkarma Smart Scores. With a strong momentum score of 5, Seatrium is showing positive trends in market performance. This indicates potential for continued growth and investor interest in the company.
Additionally, Seatrium’s high growth score of 4 underscores its potential for expansion and development in the future. Coupled with a value score of 3 and resilience score of 3, Seatrium demonstrates a balanced outlook for investors seeking stability and growth opportunities. Although the dividend score is rated at 1, the company’s overall outlook remains positive, suggesting a promising path forward for Seatrium in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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