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CMBTCmb.Tech N.V.
$19.61$4.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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CMBT logo

Cmb.Tech N.V.

CMBT
NYSE · Marine Shipping
$19.61
At close - Oct 1, 4:00 PM EDT - USD
Market Cap$4.5B
P/E26.9x
52W High$20.82
Volume709.06K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2025Q4

Aggressive Asset Expansion Pressures Maritime Profitability Metrics

CMB.Tech is undergoing a high-stakes strategic pivot toward hydrogen-integrated maritime infrastructure, characterized by a massive expansion of total assets from $3.4B to $8.4B over the last two years. While top-line revenue growth reached 160.6% in 2025Q4, t...

GrowthAccelerating
ProfitabilityStrained
ValuationExpensive
TechnicalsStrong
Explore valuation models
MARKET ACTION

CMBT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

+74% Peers

P/E is 74% above peer median

03

Market leadership

RS 89 · Leader

High momentum (Outperforming 89% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystConfirmed earnings · Nov 26

Market performance

Price History →

Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CMBT+117.83%
S&P 500 (^GSPC)+11.83%
1-Year Return
CMBT+121.54%
S&P 500 (^GSPC)+14.29%
3-Year Return
CMBT+72.55%
S&P 500 (^GSPC)+83.38%
5-Year Return
CMBT+199.61%
S&P 500 (^GSPC)+79.33%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
27.2x
Forward P/EExpansion
7.4x
EV/EBITDA80th %ile
13.2x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
27.2x
13.2x
100th· High
EV/EBITDA
13.2x
10.1x
80th· High
Price/FCF
N/A
7.0x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$33.11+68.8%
Base (Fair)$70.78+256.6%
Bull$134.25+584.6%
$33.11 Bear$70.78 Base$134.25 Bull
Current Market Price: $19.61
Trades at a 72.3% discount to Base DCF ($70.78)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.67B+77.2% YoY
Net income
$161M-81.5% YoY
Free cash flow
-$628M+0.7% YoY
Operating margin
22.2%-84.4 pts YoY
ROIC (TTM)4.7%
Avg ROIC 5Y-
ROE (TTM)8.4%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 27, 2026
$1.26+44.0%
vs $0.88
$690M+20.2%
vs $574M
Q2 2026
May 19, 2026
$1.27+378.2%
vs $0.27
$518M+22.6%
vs $422M
Q1 2026
Feb 26, 2026
$0.31-16.2%
vs $0.37
$586M+28.0%
vs $458M
Q4 2025
Nov 26, 2025
$0.07-82.5%
vs $0.40
$454M+5.2%
vs $432M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Seeking Alpha·Sep 10, 2026
CMB.TECH: Updates From Our Top Shipping Pick Of 2026

CMB.TECH delivered a 134% return in under a year, driven by a strategic dry bulk focus and strong tanker markets. I recently interviewed the CEO and CFO to get updates on the dry bulk industry and company-specific strategy. CMBT maintains a flexible, discretionary dividend policy, targeting 50–60% of net income over time while preserving capital for counter-cyclical opportunities.

GlobeNewsWire·Sep 8, 2026
PRESS RELEASE: CMB.TECH announces special general meeting on 8 October 2026

ANTWERP, Belgium, 8 September 2026, 08:00 a.m. CET – CMB.TECH NV (NYSE: CMBT & Euronext: CMBT) (“CMB.TECH” or the “Company”) (NYSE: CMBT, Euronext Brussels: CMBT en Euronext Oslo Børs: CMBTO) invites its shareholders to participate in the Special General Meeting that will be held on Thursday 8 October 2026.

Defense World·Aug 29, 2026
CMB.TECH Q2 Earnings Call Highlights

CMB.TECH (NYSE: CMBT) reported second-quarter 2026 net profit of $364.4 million, supported by revenue of more than $700 million and $127 million in gains from vessel sales, as shipping markets remained strong across several of the company's operating segments. CEO Alexander Saverys said EBITDA reached $552 million during the quarter. Net finance expense declined 5% from

Seeking Alpha·Aug 28, 2026
CMB.TECH: Q2 Was Strong, But Valuation Looks Full (Downgrade)

CMB.TECH (CMBT) shows improved earnings quality as core shipping EBITDA rises despite reduced ship sales. Q2 revenue and EBITDA surged, but backlog growth stalled, raising concerns about long-term contract momentum. A strategic ammonia-powered vessel agreement with Fortescue signals tangible progress in clean fuel initiatives.

Filtered for Cmb.Tech N.V.More Headlines
04

Compare before deciding

Benchmark CMBT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Cmb.Tech N.V. (CMBT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CMBT logoCMBTCmb.Tech N.V.Current
$19.61$4.5B26.8677.2%9.65%8.42%0.47%
STNG logoSTNGScorpio Tankers Inc.
$85.79$4.27B12.20-24.58%67.16%24.51%—
INSW logoINSWInternational Seaways, Inc.
$114.60$5.67B18.39-11.38%61.86%37.04%—
DHT logoDHTDHT Holdings, Inc.
$23.56$3.79B17.98-13.04%65.54%39.55%—
TEN logoTENTsakos Energy Navigation Limited
$48.98$1.48B11.01-0.67%28.75%13.95%—
NAT logoNATNordic American Tankers Limited
$8.17$1.73B140.86-16.39%33.2%26.85%—

Compare CMBT vs Peers

Cmb.Tech N.V. (CMBT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs STNG

Most directly comparable listed peer for CMBT.

Scale Benchmark

vs MATX

Larger-name benchmark to compare CMBT against a more recognizable public peer.

Peer Set

Compare Top 5

vs STNG, INSW, DHT, TEN

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CMBT Frequently Asked Questions

Cmb.Tech N.V. (CMBT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Cmb.Tech N.V.'s revenue?

Cmb.Tech N.V. (CMBT) reported $1.67B in revenue for fiscal year 2025. This represents a 155% increase from $652.4M in 2016.

How fast is Cmb.Tech N.V. growing?

Cmb.Tech N.V. (CMBT) grew revenue by 77.2% over the past year. This is strong growth.

Is CMBT profitable?

Yes, Cmb.Tech N.V. (CMBT) is profitable, generating $160.7M in net income for fiscal year 2025 (9.6% net margin).

Dividend & Returns
Does CMBT pay dividends?

Yes, Cmb.Tech N.V. (CMBT) pays a dividend with a yield of 0.47%. This makes it attractive for income-focused investors.

What is CMBT's return on equity?

Cmb.Tech N.V. (CMBT) has a return on equity (ROE) of 8.4%. This is below average, suggesting room for improvement.

What is Cmb.Tech N.V.'s free cash flow?

Cmb.Tech N.V. (CMBT) had negative free cash flow of $612.2M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in CMBT back in 2016?

Total return calculator · dividends reinvested · 10+ years of data

See returns →