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home / news releases / subsea 7 better quoting environment boosting ebitda

ACGYF - Subsea 7: Better Quoting Environment Boosting EBITDA

Subsea 7 Sa Ord

2024-05-27 13:00:34 ET

Summary

  • The better quoting environment from after the Ukraine war started is now reflected in the backlog being liquidated, boosting EBITDA.
  • The company continues its upcycle, but we are concerned about the economics even as it seeks structural changes.
  • Growth is capital intensive, though outsourcing is reducing that, and on the flip side the business is also very cyclical.
  • Risks in a high cost of capital environment with Subsea 7 carrying a lot of debt. At least there's a relative valuation case.

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For further details see:

Subsea 7: Better Quoting Environment Boosting EBITDA
Stock Information
Company Name: Subsea 7 Sa Ord
Stock Symbol: ACGYF
Market: OTC
Website: subsea7.com
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