Cmb.Tech N.V. (CMBT) 10-Year Financial Performance & Capital Metrics

CMBT • • Industrial / General

IndustrialsMarine ShippingMarine Services & LogisticsMarine Fuel Services

AboutCmb.Tech NV, engages in marine transportation business. The company operates through three division: Marine, H2 Infra, and H2 Industry. The Marine division owns and operates fleet of crude oil tankers, bulk carriers, container ships, chemical, offshore wind supply vessels, tugboats, and ferries. This division have 88 conventional fuel vessels and 64 vessels. The H2 Infra division develops and secures green molecule supplies; and produces and distributes green hydrogen and ammonia fuels. The H2 Industry division provides scalable dual-fuel industrial applications. The company was formerly known as Euronav NV and changed its name to Cmb.Tech NV in October 2024. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. Cmb.Tech NV is a subsidiary of CMB NV.Show more

Revenue $940M -23.9%
EBITDA $1.17B -2.4%
Net Income $871M +1.5%
EPS (Diluted) 4.44 +4.5%
Gross Margin 59.82% +16.1%
EBITDA Margin 124.12% +28.3%
Operating Margin 106.62% +35.8%
Net Margin 92.62% +33.3%
ROE 49.09% +29.7%
ROIC 22.67% +2.2%
Debt/Equity 2.20 +456.6%
Interest Coverage 6.87 -5.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 32.3%
✓Strong 5Y profit CAGR of 50.6%
✓Share count reduced 2.9% through buybacks
✓Healthy 5Y average net margin of 28.2%
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 2.2x
✗Negative free cash flow
✗Dividend payout exceeds 100% of earnings
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y0.11%

3Y32.56%

TTM31.69%

Profit (Net Income) CAGR

10Y-

5Y50.56%

3Y-

TTM-86.08%

EPS CAGR

10Y-

5Y53.56%

3Y-

TTM-86.03%

ROCE

10Y Avg8.69%

5Y Avg14.2%

3Y Avg21.62%

Latest30.78%

Peer Comparison

Marine Fuel Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UFGUni-Fuels Holdings Limited	12.4M	1.27	222.81	119.24%	0.09%	1.96%	2.6%	0.36
HMRHeidmar Maritime Holdings Corp.	53.14M	0.91	27.16	-41.04%	6.61%	11.05%	12.21%	0.28
SFLSFL Corporation Ltd.	1.12B	8.47	8.39	20.79%	-0.2%	-0.16%		2.52
NMMNavios Maritime Partners L.P.	1.64B	56.94	4.75	2.08%	23.31%	9.53%		0.46
CMBTCmb.Tech N.V.	3.34B	11.52	2.59	-23.87%	12.64%	6.47%		2.20
NCTIntercont (Cayman) Limited Ordinary shares	6.62M	0.22	1.67	-21.32%	12.3%	21.74%	97.92%	2.41
HTCOHigh-Trend International Group	83.2M	11.42	-2.28	13.56%	-21.81%	-32.08%		0.80
VNTGVantage Corp	10.36M	0.91		-6.7%	20.6%	105.65%	17.07%

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	652.44M	546.53M	581.41M	935.09M	1.3B	403.67M	870.34M	1.24B	940.25M
Revenue Growth %	-	-0.16%	0.06%	0.61%	0.39%	-0.69%	1.16%	0.42%	-0.24%
Cost of Goods Sold+	443.6M	504.1M	609.5M	696.8M	720.76M	667.63M	631.01M	598.66M	377.83M
COGS % of Revenue	0.68%	0.92%	1.05%	0.75%	0.55%	1.65%	0.73%	0.48%	0.4%
Gross Profit+	208.84M	42.44M	-28.09M	238.29M	578.32M	-263.96M	239.33M	636.46M	562.42M
Gross Margin %	0.32%	0.08%	-0.05%	0.25%	0.45%	-0.65%	0.27%	0.52%	0.6%
Gross Profit Growth %	-	-0.8%	-1.66%	9.48%	1.43%	-1.46%	1.91%	1.66%	-0.12%
Operating Expenses+	41.99M	49.87M	64.18M	67.08M	40.07M	31.16M	52.65M	-333.23M	-440.04M
OpEx % of Revenue	0.06%	0.09%	0.11%	0.07%	0.03%	0.08%	0.06%	-0.27%	-0.47%
Selling, General & Admin	42.56M	44.96M	59.92M	66.22M	36.77M	28.17M	48.49M	59.24M	75.89M
SG&A % of Revenue	0.07%	0.08%	0.1%	0.07%	0.03%	0.07%	0.06%	0.05%	0.08%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-574.95K	-4.91M	-4.26M	-867.51K	3.3M	3M	-4.16M	-392.47M	-515.92M
Operating Income+	166.85M	-7.43M	-92.27M	171.2M	538.25M	-295.12M	186.68M	969.69M	1B
Operating Margin %	0.26%	-0.01%	-0.16%	0.18%	0.41%	-0.73%	0.21%	0.79%	1.07%
Operating Income Growth %	-	-1.04%	-11.41%	2.86%	2.14%	-1.55%	1.63%	4.19%	0.03%
EBITDA+	384.02M	237.29M	170.03M	509.88M	881.44M	36.64M	413.36M	1.2B	1.17B
EBITDA Margin %	0.59%	0.43%	0.29%	0.55%	0.68%	0.09%	0.47%	0.97%	1.24%
EBITDA Growth %	-	-0.38%	-0.28%	2%	0.73%	-0.96%	10.28%	1.89%	-0.02%
D&A (Non-Cash Add-back)	217.17M	244.72M	262.3M	338.68M	343.19M	331.76M	226.68M	225.67M	164.6M
EBIT	202.39M	15.07M	-49.56M	185.51M	577.57M	-278.87M	286.14M	996.93M	369.28M
Net Interest Income+	-41.35M	-43.55M	-68.46M	-90.08M	-75.31M	-69.92M	-87.09M	-100.04M	-130.65M
Interest Income	206.91K	697.31K	3.98M	6.55M	3.96M	1.82M	7.19M	32.86M	15.19M
Interest Expense	41.56M	47.07M	72.44M	96.94M	79.26M	71.74M	94.28M	132.9M	145.84M
Other Income/Expense	-3.47M	-22.62M	-29.73M	-58.37M	-59.14M	-66.71M	-102.41M	-105.66M	-129.73M
Pretax Income+	155.78M	-32M	-122M	112.83M	498.3M	-348.29M	191.86M	864.04M	872.72M
Pretax Margin %	0.24%	-0.06%	-0.21%	0.12%	0.38%	-0.86%	0.22%	0.7%	0.93%
Income Tax+	-165.91K	-1.45M	230.62K	603.75K	2.09M	-410.62K	2.86M	6.01M	1.89M
Effective Tax Rate %	1.25%	-0.05%	0.87%	1%	0.95%	0.94%	1.06%	0.99%	1%
Net Income+	194.56M	1.47M	-106.66M	112.56M	473.24M	-325.78M	203.25M	858.03M	870.83M
Net Margin %	0.3%	0%	-0.18%	0.12%	0.36%	-0.81%	0.23%	0.69%	0.93%
Net Income Growth %	-	-0.99%	-73.44%	2.06%	3.2%	-1.69%	1.62%	3.22%	0.01%
Net Income (Continuing)	155.95M	-30.55M	-122.23M	112.23M	496.22M	-347.88M	189.01M	858.03M	870.83M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.23	0.01	-0.56	0.52	2.42	-1.62	1.02	4.25	4.44
EPS Growth %	-	-0.99%	-	1.93%	3.65%	-1.67%	1.63%	3.17%	0.04%
EPS (Basic)	1.23	0.01	-0.56	0.52	2.42	-1.62	1.03	4.25	4.44
Diluted Shares Outstanding	158.43M	158.3M	191.99M	216.03M	210.21M	201.68M	201.99M	201.9M	196.04M
Basic Shares Outstanding	158.26M	158.17M	191.99M	216.03M	210.19M	201.68M	201.75M	201.9M	196.13M
Dividend Payout Ratio	1.06%	31.91%	-	0.23%	0.8%	-	0.12%	0.73%	1.29%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	352.24M	255.84M	475.97M	780.56M	429.92M	435.95M	568.22M	1.63B	470.82M
Cash & Short-Term Investments	206.69M	143.65M	173.13M	296.95M	161.48M	152.45M	180.43M	429.37M	38.87M
Cash Only	206.69M	143.65M	173.13M	296.95M	161.48M	152.45M	180.43M	429.37M	38.87M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	145.55M	112.19M	264.13M	287.52M	192.65M	214.6M	346.02M	287.86M	192.8M
Days Sales Outstanding	81.43	74.93	165.82	112.23	54.13	194.05	145.11	85.07	74.85
Inventory	0	0	0	183.38M	75.78M	69M	41.76M	0	26.5M
Days Inventory Outstanding	-	-	-	96.06	38.38	37.72	24.16	-	25.6
Other Current Assets	0	24.8M	42M	12.7M	0	0	0	920.38M	169.57M
Total Non-Current Assets+	2.69B	2.56B	3.65B	3.38B	3.26B	3.33B	3.41B	1.79B	3.44B
Property, Plant & Equipment	2.47B	2.34B	3.52B	3.24B	3.13B	3.18B	3.32B	1.77B	3.27B
Fixed Asset Turnover	0.26x	0.23x	0.17x	0.29x	0.42x	0.13x	0.26x	0.70x	0.29x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	156K	72K	105K	39K	161K	186K	15.75M	14.19M	16.19M
Long-Term Investments	202.33M	190.95M	85.14M	121.4M	106.76M	128.02M	36.35M	519K	61.81M
Other Non-Current Assets	21.15M	24.8M	41.87M	21.69M	21.95M	23.23M	40.59M	2.89M	76.73M
Total Assets+	3.05B	2.81B	4.13B	4.16B	3.69B	3.77B	3.98B	3.42B	3.91B
Asset Turnover	0.21x	0.19x	0.14x	0.22x	0.35x	0.11x	0.22x	0.36x	0.24x
Asset Growth %	-	-0.08%	0.47%	0.01%	-0.11%	0.02%	0.06%	-0.14%	0.14%
Total Current Liabilities+	189.09M	158.74M	287.12M	316.05M	203.59M	320.87M	255.05M	424.75M	392.66M
Accounts Payable	18.11M	19.27M	16.27M	22.74M	27.23M	26.01M	24.7M	42.03M	22.3M
Days Payables Outstanding	14.9	13.96	9.74	11.91	13.79	14.22	14.29	25.63	21.54
Short-Term Debt	119.12M	97.37M	198.88M	221.2M	71.84M	214.2M	134.79M	262.15M	301.39M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	117K	3.03K	976.98K	50.96M	227K	103.91K	295K	338.3K	27.77M
Current Ratio	1.86x	1.61x	1.66x	2.47x	2.11x	1.36x	2.23x	3.84x	1.20x
Quick Ratio	1.86x	1.61x	1.66x	1.89x	1.74x	1.14x	2.06x	3.84x	1.13x
Cash Conversion Cycle	-	-	-	196.38	78.72	217.55	154.98	-	78.91
Total Non-Current Liabilities+	969.86M	805.87M	1.58B	1.54B	1.17B	1.49B	1.55B	637.15M	2.33B
Long-Term Debt	966.44M	801.35M	1.57B	1.48B	1.13B	1.46B	1.53B	631.7M	2.32B
Capital Lease Obligations	0	0	0	43.16M	21.17M	16.75M	5.82M	3.36M	1.45M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	438K
Other Non-Current Liabilities	3.42M	4.52M	9.67M	12.87M	15.53M	10.71M	6.97M	2.09M	1.06M
Total Liabilities	1.16B	964.61M	1.87B	1.85B	1.38B	1.81B	1.8B	1.06B	2.72B
Total Debt+	1.09B	898.72M	1.77B	1.74B	1.27B	1.71B	1.7B	930.71M	2.62B
Net Debt	878.87M	755.07M	1.6B	1.45B	1.11B	1.56B	1.52B	501.34M	2.58B
Debt / Equity	0.57x	0.49x	0.78x	0.75x	0.55x	0.87x	0.78x	0.40x	2.20x
Debt / EBITDA	2.83x	3.79x	10.40x	3.42x	1.44x	46.71x	4.12x	0.78x	2.25x
Net Debt / EBITDA	2.29x	3.18x	9.38x	2.84x	1.26x	42.55x	3.68x	0.42x	2.21x
Interest Coverage	4.02x	-0.16x	-1.27x	1.77x	6.79x	-4.11x	1.98x	7.30x	6.87x
Total Equity+	1.89B	1.85B	2.26B	2.31B	2.31B	1.96B	2.18B	2.36B	1.19B
Equity Growth %	-	-0.02%	0.22%	0.02%	-0%	-0.15%	0.11%	0.08%	-0.49%
Book Value per Share	11.92	11.66	11.77	10.70	11.00	9.72	10.79	11.67	6.08
Total Shareholders' Equity	1.89B	1.85B	2.26B	2.31B	2.31B	1.96B	2.18B	2.36B	1.19B
Common Stock	173.05M	173.05M	239.15M	239.15M	239.15M	239.03M	239.82M	239.15M	239.15M
Retained Earnings	515.66M	473.62M	335.76M	420.06M	540.71M	180.05M	387.06M	807.25M	777.1M
Treasury Stock	-16.1M	-16.1M	-14.65M	0	-164.1M	-164.1M	-163.02M	-157.59M	-284.51M
Accumulated OCI	120K	568K	-2.29M	-4.28M	-6.52M	2.85M	33.12M	1.38M	100K
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	417.72M	225M	782.93K	272.78M	1.04B	-24.33M	260.24M	837.38M	459.06M
Operating CF Margin %	0.64%	0.41%	0%	0.29%	0.8%	-0.06%	0.3%	0.68%	0.49%
Operating CF Growth %	-	-0.46%	-1%	347.41%	2.82%	-1.02%	11.69%	2.22%	-0.45%
Net Income	194.56M	1.47M	-106.66M	112.56M	507.93M	-325.78M	206.98M	858.03M	870.83M
Depreciation & Amortization	217.17M	244.72M	262.3M	338.68M	343.19M	331.76M	226.68M	221.04M	166.03M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0
Deferred Taxes	-108.7K	0	195.73K	-465.35K	1.47M	-189.44K	1.14M	1.15M	-3.97M
Other Non-Cash Items	376.83M	406.49M	592.99M	842.09M	458.94M	668.71M	451.64M	-348.72M	-613.13M
Working Capital Changes	36.6M	23.56M	-111.01M	-165.9M	193.81M	-19.72M	-84.24M	105.88M	39.31M
Change in Receivables	33.52M	36.95M	-104.51M	-21.72M	101.61M	-20.91M	-115.15M	41.91M	106.66M
Change in Inventory	0	0	0	-161.59M	115.49M	6.49M	27.89M	19.13M	5.2M
Change in Payables	-6.5M	1.24M	-7.93M	6.49M	4.82M	-1.17M	-1.34M	17.34M	-14.23M
Cash from Investing+	-95.94M	-42.84M	184.15M	43.88M	-125.69M	-339.7M	-161.76M	869.68M	-682.18M
Capital Expenditures	-326.76M	-189.39M	-230.68M	-8.08M	-241.94M	-397.46M	-550.15M	-338.6M	-1.12B
CapEx % of Revenue	0.5%	0.35%	0.4%	0.01%	0.19%	0.98%	0.63%	0.27%	1.19%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	21.06M	43.41M	0	1.25M	1.92M	1.91M	-8.33M	-23.61M	1.59B
Cash from Financing+	-249.01M	-250.16M	-155.2M	-191.74M	-1.07B	359.55M	-64.05M	-1.46B	-172.97M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	-206.75M	-46.98M	-21.94M	-26.09M	-377.85M	-23.28M	-24.67M	-630.54M	-1.13B
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	286.35K	-3.02M	-4.92M	-10.2M	-40.55M	-18.76M	-6.58M	-5.02M	-19.22M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	90.96M	35.61M	-229.9M	264.7M	798.95M	-421.8M	-289.91M	509.15M	-660.87M
FCF Margin %	0.14%	0.07%	-0.4%	0.28%	0.62%	-1.04%	-0.33%	0.41%	-0.7%
FCF Growth %	-	-0.61%	-7.46%	2.15%	2.02%	-1.53%	0.31%	2.76%	-2.3%
FCF per Share	0.57	0.22	-1.20	1.23	3.80	-2.09	-1.44	2.52	-3.37
FCF Conversion (FCF/Net Income)	2.15x	152.82x	-0.01x	2.42x	2.20x	0.07x	1.28x	0.98x	0.53x
Interest Paid	0	0	0	0	0	0	0	0	109.14M
Taxes Paid	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.31%	0.08%	-5.19%	4.92%	20.47%	-15.25%	9.82%	37.84%	49.09%
Return on Invested Capital (ROIC)	4.52%	-0.21%	-2.14%	3.37%	11.24%	-6.38%	3.88%	22.18%	22.67%
Gross Margin	32.01%	7.76%	-4.83%	25.48%	44.52%	-65.39%	27.5%	51.53%	59.82%
Net Margin	29.82%	0.27%	-18.34%	12.04%	36.43%	-80.71%	23.35%	69.47%	92.62%
Debt / Equity	0.57x	0.49x	0.78x	0.75x	0.55x	0.87x	0.78x	0.40x	2.20x
Interest Coverage	4.02x	-0.16x	-1.27x	1.77x	6.79x	-4.11x	1.98x	7.30x	6.87x
FCF Conversion	2.15x	152.82x	-0.01x	2.42x	2.20x	0.07x	1.28x	0.98x	0.53x
Revenue Growth	-	-16.23%	6.38%	60.83%	38.93%	-68.93%	115.61%	41.91%	-23.87%

Frequently Asked Questions

Valuation & Price

Cmb.Tech N.V. (CMBT) has a price-to-earnings (P/E) ratio of 2.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Cmb.Tech N.V. (CMBT) reported $1.30B in revenue for fiscal year 2024. This represents a 100% increase from $652.4M in 2016.

Cmb.Tech N.V. (CMBT) saw revenue decline by 23.9% over the past year.

Yes, Cmb.Tech N.V. (CMBT) is profitable, generating $164.8M in net income for fiscal year 2024 (92.6% net margin).

Dividend & Returns

Yes, Cmb.Tech N.V. (CMBT) pays a dividend with a yield of 49.89%. This makes it attractive for income-focused investors.

Cmb.Tech N.V. (CMBT) has a return on equity (ROE) of 49.1%. This is excellent, indicating efficient use of shareholder capital.

Cmb.Tech N.V. (CMBT) had negative free cash flow of $941.0M in fiscal year 2024, likely due to heavy capital investments.

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Cmb.Tech N.V. (CMBT) 10-Year Financial Performance & Capital Metrics

CMBT • • Industrial / General

IndustrialsMarine ShippingMarine Services & LogisticsMarine Fuel Services

Revenue $940M -23.9%
EBITDA $1.17B -2.4%
Net Income $871M +1.5%
EPS (Diluted) 4.44 +4.5%
Gross Margin 59.82% +16.1%
EBITDA Margin 124.12% +28.3%
Operating Margin 106.62% +35.8%
Net Margin 92.62% +33.3%
ROE 49.09% +29.7%
ROIC 22.67% +2.2%
Debt/Equity 2.20 +456.6%
Interest Coverage 6.87 -5.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 32.3%
✓Strong 5Y profit CAGR of 50.6%
✓Share count reduced 2.9% through buybacks
✓Healthy 5Y average net margin of 28.2%
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 2.2x
✗Negative free cash flow
✗Dividend payout exceeds 100% of earnings
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y0.11%

3Y32.56%

TTM31.69%

Profit (Net Income) CAGR

10Y-

5Y50.56%

3Y-

TTM-86.08%

EPS CAGR

10Y-

5Y53.56%

3Y-

TTM-86.03%

ROCE

10Y Avg8.69%

5Y Avg14.2%

3Y Avg21.62%

Latest30.78%

Peer Comparison

Marine Fuel Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UFGUni-Fuels Holdings Limited	12.4M	1.27	222.81	119.24%	0.09%	1.96%	2.6%	0.36
HMRHeidmar Maritime Holdings Corp.	53.14M	0.91	27.16	-41.04%	6.61%	11.05%	12.21%	0.28
SFLSFL Corporation Ltd.	1.12B	8.47	8.39	20.79%	-0.2%	-0.16%		2.52
NMMNavios Maritime Partners L.P.	1.64B	56.94	4.75	2.08%	23.31%	9.53%		0.46
CMBTCmb.Tech N.V.	3.34B	11.52	2.59	-23.87%	12.64%	6.47%		2.20
NCTIntercont (Cayman) Limited Ordinary shares	6.62M	0.22	1.67	-21.32%	12.3%	21.74%	97.92%	2.41
HTCOHigh-Trend International Group	83.2M	11.42	-2.28	13.56%	-21.81%	-32.08%		0.80
VNTGVantage Corp	10.36M	0.91		-6.7%	20.6%	105.65%	17.07%

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	652.44M	546.53M	581.41M	935.09M	1.3B	403.67M	870.34M	1.24B	940.25M
Revenue Growth %	-	-0.16%	0.06%	0.61%	0.39%	-0.69%	1.16%	0.42%	-0.24%
Cost of Goods Sold+	443.6M	504.1M	609.5M	696.8M	720.76M	667.63M	631.01M	598.66M	377.83M
COGS % of Revenue	0.68%	0.92%	1.05%	0.75%	0.55%	1.65%	0.73%	0.48%	0.4%
Gross Profit+	208.84M	42.44M	-28.09M	238.29M	578.32M	-263.96M	239.33M	636.46M	562.42M
Gross Margin %	0.32%	0.08%	-0.05%	0.25%	0.45%	-0.65%	0.27%	0.52%	0.6%
Gross Profit Growth %	-	-0.8%	-1.66%	9.48%	1.43%	-1.46%	1.91%	1.66%	-0.12%
Operating Expenses+	41.99M	49.87M	64.18M	67.08M	40.07M	31.16M	52.65M	-333.23M	-440.04M
OpEx % of Revenue	0.06%	0.09%	0.11%	0.07%	0.03%	0.08%	0.06%	-0.27%	-0.47%
Selling, General & Admin	42.56M	44.96M	59.92M	66.22M	36.77M	28.17M	48.49M	59.24M	75.89M
SG&A % of Revenue	0.07%	0.08%	0.1%	0.07%	0.03%	0.07%	0.06%	0.05%	0.08%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-574.95K	-4.91M	-4.26M	-867.51K	3.3M	3M	-4.16M	-392.47M	-515.92M
Operating Income+	166.85M	-7.43M	-92.27M	171.2M	538.25M	-295.12M	186.68M	969.69M	1B
Operating Margin %	0.26%	-0.01%	-0.16%	0.18%	0.41%	-0.73%	0.21%	0.79%	1.07%
Operating Income Growth %	-	-1.04%	-11.41%	2.86%	2.14%	-1.55%	1.63%	4.19%	0.03%
EBITDA+	384.02M	237.29M	170.03M	509.88M	881.44M	36.64M	413.36M	1.2B	1.17B
EBITDA Margin %	0.59%	0.43%	0.29%	0.55%	0.68%	0.09%	0.47%	0.97%	1.24%
EBITDA Growth %	-	-0.38%	-0.28%	2%	0.73%	-0.96%	10.28%	1.89%	-0.02%
D&A (Non-Cash Add-back)	217.17M	244.72M	262.3M	338.68M	343.19M	331.76M	226.68M	225.67M	164.6M
EBIT	202.39M	15.07M	-49.56M	185.51M	577.57M	-278.87M	286.14M	996.93M	369.28M
Net Interest Income+	-41.35M	-43.55M	-68.46M	-90.08M	-75.31M	-69.92M	-87.09M	-100.04M	-130.65M
Interest Income	206.91K	697.31K	3.98M	6.55M	3.96M	1.82M	7.19M	32.86M	15.19M
Interest Expense	41.56M	47.07M	72.44M	96.94M	79.26M	71.74M	94.28M	132.9M	145.84M
Other Income/Expense	-3.47M	-22.62M	-29.73M	-58.37M	-59.14M	-66.71M	-102.41M	-105.66M	-129.73M
Pretax Income+	155.78M	-32M	-122M	112.83M	498.3M	-348.29M	191.86M	864.04M	872.72M
Pretax Margin %	0.24%	-0.06%	-0.21%	0.12%	0.38%	-0.86%	0.22%	0.7%	0.93%
Income Tax+	-165.91K	-1.45M	230.62K	603.75K	2.09M	-410.62K	2.86M	6.01M	1.89M
Effective Tax Rate %	1.25%	-0.05%	0.87%	1%	0.95%	0.94%	1.06%	0.99%	1%
Net Income+	194.56M	1.47M	-106.66M	112.56M	473.24M	-325.78M	203.25M	858.03M	870.83M
Net Margin %	0.3%	0%	-0.18%	0.12%	0.36%	-0.81%	0.23%	0.69%	0.93%
Net Income Growth %	-	-0.99%	-73.44%	2.06%	3.2%	-1.69%	1.62%	3.22%	0.01%
Net Income (Continuing)	155.95M	-30.55M	-122.23M	112.23M	496.22M	-347.88M	189.01M	858.03M	870.83M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.23	0.01	-0.56	0.52	2.42	-1.62	1.02	4.25	4.44
EPS Growth %	-	-0.99%	-	1.93%	3.65%	-1.67%	1.63%	3.17%	0.04%
EPS (Basic)	1.23	0.01	-0.56	0.52	2.42	-1.62	1.03	4.25	4.44
Diluted Shares Outstanding	158.43M	158.3M	191.99M	216.03M	210.21M	201.68M	201.99M	201.9M	196.04M
Basic Shares Outstanding	158.26M	158.17M	191.99M	216.03M	210.19M	201.68M	201.75M	201.9M	196.13M
Dividend Payout Ratio	1.06%	31.91%	-	0.23%	0.8%	-	0.12%	0.73%	1.29%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	352.24M	255.84M	475.97M	780.56M	429.92M	435.95M	568.22M	1.63B	470.82M
Cash & Short-Term Investments	206.69M	143.65M	173.13M	296.95M	161.48M	152.45M	180.43M	429.37M	38.87M
Cash Only	206.69M	143.65M	173.13M	296.95M	161.48M	152.45M	180.43M	429.37M	38.87M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	145.55M	112.19M	264.13M	287.52M	192.65M	214.6M	346.02M	287.86M	192.8M
Days Sales Outstanding	81.43	74.93	165.82	112.23	54.13	194.05	145.11	85.07	74.85
Inventory	0	0	0	183.38M	75.78M	69M	41.76M	0	26.5M
Days Inventory Outstanding	-	-	-	96.06	38.38	37.72	24.16	-	25.6
Other Current Assets	0	24.8M	42M	12.7M	0	0	0	920.38M	169.57M
Total Non-Current Assets+	2.69B	2.56B	3.65B	3.38B	3.26B	3.33B	3.41B	1.79B	3.44B
Property, Plant & Equipment	2.47B	2.34B	3.52B	3.24B	3.13B	3.18B	3.32B	1.77B	3.27B
Fixed Asset Turnover	0.26x	0.23x	0.17x	0.29x	0.42x	0.13x	0.26x	0.70x	0.29x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	156K	72K	105K	39K	161K	186K	15.75M	14.19M	16.19M
Long-Term Investments	202.33M	190.95M	85.14M	121.4M	106.76M	128.02M	36.35M	519K	61.81M
Other Non-Current Assets	21.15M	24.8M	41.87M	21.69M	21.95M	23.23M	40.59M	2.89M	76.73M
Total Assets+	3.05B	2.81B	4.13B	4.16B	3.69B	3.77B	3.98B	3.42B	3.91B
Asset Turnover	0.21x	0.19x	0.14x	0.22x	0.35x	0.11x	0.22x	0.36x	0.24x
Asset Growth %	-	-0.08%	0.47%	0.01%	-0.11%	0.02%	0.06%	-0.14%	0.14%
Total Current Liabilities+	189.09M	158.74M	287.12M	316.05M	203.59M	320.87M	255.05M	424.75M	392.66M
Accounts Payable	18.11M	19.27M	16.27M	22.74M	27.23M	26.01M	24.7M	42.03M	22.3M
Days Payables Outstanding	14.9	13.96	9.74	11.91	13.79	14.22	14.29	25.63	21.54
Short-Term Debt	119.12M	97.37M	198.88M	221.2M	71.84M	214.2M	134.79M	262.15M	301.39M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	117K	3.03K	976.98K	50.96M	227K	103.91K	295K	338.3K	27.77M
Current Ratio	1.86x	1.61x	1.66x	2.47x	2.11x	1.36x	2.23x	3.84x	1.20x
Quick Ratio	1.86x	1.61x	1.66x	1.89x	1.74x	1.14x	2.06x	3.84x	1.13x
Cash Conversion Cycle	-	-	-	196.38	78.72	217.55	154.98	-	78.91
Total Non-Current Liabilities+	969.86M	805.87M	1.58B	1.54B	1.17B	1.49B	1.55B	637.15M	2.33B
Long-Term Debt	966.44M	801.35M	1.57B	1.48B	1.13B	1.46B	1.53B	631.7M	2.32B
Capital Lease Obligations	0	0	0	43.16M	21.17M	16.75M	5.82M	3.36M	1.45M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	438K
Other Non-Current Liabilities	3.42M	4.52M	9.67M	12.87M	15.53M	10.71M	6.97M	2.09M	1.06M
Total Liabilities	1.16B	964.61M	1.87B	1.85B	1.38B	1.81B	1.8B	1.06B	2.72B
Total Debt+	1.09B	898.72M	1.77B	1.74B	1.27B	1.71B	1.7B	930.71M	2.62B
Net Debt	878.87M	755.07M	1.6B	1.45B	1.11B	1.56B	1.52B	501.34M	2.58B
Debt / Equity	0.57x	0.49x	0.78x	0.75x	0.55x	0.87x	0.78x	0.40x	2.20x
Debt / EBITDA	2.83x	3.79x	10.40x	3.42x	1.44x	46.71x	4.12x	0.78x	2.25x
Net Debt / EBITDA	2.29x	3.18x	9.38x	2.84x	1.26x	42.55x	3.68x	0.42x	2.21x
Interest Coverage	4.02x	-0.16x	-1.27x	1.77x	6.79x	-4.11x	1.98x	7.30x	6.87x
Total Equity+	1.89B	1.85B	2.26B	2.31B	2.31B	1.96B	2.18B	2.36B	1.19B
Equity Growth %	-	-0.02%	0.22%	0.02%	-0%	-0.15%	0.11%	0.08%	-0.49%
Book Value per Share	11.92	11.66	11.77	10.70	11.00	9.72	10.79	11.67	6.08
Total Shareholders' Equity	1.89B	1.85B	2.26B	2.31B	2.31B	1.96B	2.18B	2.36B	1.19B
Common Stock	173.05M	173.05M	239.15M	239.15M	239.15M	239.03M	239.82M	239.15M	239.15M
Retained Earnings	515.66M	473.62M	335.76M	420.06M	540.71M	180.05M	387.06M	807.25M	777.1M
Treasury Stock	-16.1M	-16.1M	-14.65M	0	-164.1M	-164.1M	-163.02M	-157.59M	-284.51M
Accumulated OCI	120K	568K	-2.29M	-4.28M	-6.52M	2.85M	33.12M	1.38M	100K
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	417.72M	225M	782.93K	272.78M	1.04B	-24.33M	260.24M	837.38M	459.06M
Operating CF Margin %	0.64%	0.41%	0%	0.29%	0.8%	-0.06%	0.3%	0.68%	0.49%
Operating CF Growth %	-	-0.46%	-1%	347.41%	2.82%	-1.02%	11.69%	2.22%	-0.45%
Net Income	194.56M	1.47M	-106.66M	112.56M	507.93M	-325.78M	206.98M	858.03M	870.83M
Depreciation & Amortization	217.17M	244.72M	262.3M	338.68M	343.19M	331.76M	226.68M	221.04M	166.03M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0
Deferred Taxes	-108.7K	0	195.73K	-465.35K	1.47M	-189.44K	1.14M	1.15M	-3.97M
Other Non-Cash Items	376.83M	406.49M	592.99M	842.09M	458.94M	668.71M	451.64M	-348.72M	-613.13M
Working Capital Changes	36.6M	23.56M	-111.01M	-165.9M	193.81M	-19.72M	-84.24M	105.88M	39.31M
Change in Receivables	33.52M	36.95M	-104.51M	-21.72M	101.61M	-20.91M	-115.15M	41.91M	106.66M
Change in Inventory	0	0	0	-161.59M	115.49M	6.49M	27.89M	19.13M	5.2M
Change in Payables	-6.5M	1.24M	-7.93M	6.49M	4.82M	-1.17M	-1.34M	17.34M	-14.23M
Cash from Investing+	-95.94M	-42.84M	184.15M	43.88M	-125.69M	-339.7M	-161.76M	869.68M	-682.18M
Capital Expenditures	-326.76M	-189.39M	-230.68M	-8.08M	-241.94M	-397.46M	-550.15M	-338.6M	-1.12B
CapEx % of Revenue	0.5%	0.35%	0.4%	0.01%	0.19%	0.98%	0.63%	0.27%	1.19%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	21.06M	43.41M	0	1.25M	1.92M	1.91M	-8.33M	-23.61M	1.59B
Cash from Financing+	-249.01M	-250.16M	-155.2M	-191.74M	-1.07B	359.55M	-64.05M	-1.46B	-172.97M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	-206.75M	-46.98M	-21.94M	-26.09M	-377.85M	-23.28M	-24.67M	-630.54M	-1.13B
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	286.35K	-3.02M	-4.92M	-10.2M	-40.55M	-18.76M	-6.58M	-5.02M	-19.22M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	90.96M	35.61M	-229.9M	264.7M	798.95M	-421.8M	-289.91M	509.15M	-660.87M
FCF Margin %	0.14%	0.07%	-0.4%	0.28%	0.62%	-1.04%	-0.33%	0.41%	-0.7%
FCF Growth %	-	-0.61%	-7.46%	2.15%	2.02%	-1.53%	0.31%	2.76%	-2.3%
FCF per Share	0.57	0.22	-1.20	1.23	3.80	-2.09	-1.44	2.52	-3.37
FCF Conversion (FCF/Net Income)	2.15x	152.82x	-0.01x	2.42x	2.20x	0.07x	1.28x	0.98x	0.53x
Interest Paid	0	0	0	0	0	0	0	0	109.14M
Taxes Paid	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.31%	0.08%	-5.19%	4.92%	20.47%	-15.25%	9.82%	37.84%	49.09%
Return on Invested Capital (ROIC)	4.52%	-0.21%	-2.14%	3.37%	11.24%	-6.38%	3.88%	22.18%	22.67%
Gross Margin	32.01%	7.76%	-4.83%	25.48%	44.52%	-65.39%	27.5%	51.53%	59.82%
Net Margin	29.82%	0.27%	-18.34%	12.04%	36.43%	-80.71%	23.35%	69.47%	92.62%
Debt / Equity	0.57x	0.49x	0.78x	0.75x	0.55x	0.87x	0.78x	0.40x	2.20x
Interest Coverage	4.02x	-0.16x	-1.27x	1.77x	6.79x	-4.11x	1.98x	7.30x	6.87x
FCF Conversion	2.15x	152.82x	-0.01x	2.42x	2.20x	0.07x	1.28x	0.98x	0.53x
Revenue Growth	-	-16.23%	6.38%	60.83%	38.93%	-68.93%	115.61%	41.91%	-23.87%

Frequently Asked Questions

Valuation & Price

Cmb.Tech N.V. (CMBT) has a price-to-earnings (P/E) ratio of 2.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Cmb.Tech N.V. (CMBT) reported $1.30B in revenue for fiscal year 2024. This represents a 100% increase from $652.4M in 2016.

Cmb.Tech N.V. (CMBT) saw revenue decline by 23.9% over the past year.

Yes, Cmb.Tech N.V. (CMBT) is profitable, generating $164.8M in net income for fiscal year 2024 (92.6% net margin).

Dividend & Returns

Yes, Cmb.Tech N.V. (CMBT) pays a dividend with a yield of 49.89%. This makes it attractive for income-focused investors.

Cmb.Tech N.V. (CMBT) has a return on equity (ROE) of 49.1%. This is excellent, indicating efficient use of shareholder capital.

Cmb.Tech N.V. (CMBT) had negative free cash flow of $941.0M in fiscal year 2024, likely due to heavy capital investments.