Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
/
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Exmar NV is a fully integrated maritime company specializing in shipping and floating infrastructure solutions for the global energy industry. It focuses on the transportation, transformation, and storage of liquefied gases including liquefied natural gas (LNG), liquid petroleum gas (LPG), ammonia, butane, propane, and petrochemical gases. Operating through three core segments—Shipping, Infrastructure, and Supporting Services—Exmar NV manages a modern fleet of midsize LPG and ammonia carriers equipped with dual-fuel technologies to support decarbonization efforts. In Infrastructure, it develops, owns, and operates advanced floating assets like floating storage regasification units (FSRUs), floating LNG (FLNG) facilities, and floating production storage offloading (FPSO) units for near-shore and offshore energy projects. Supporting Services encompass ship management, engineering, consultancy, crewing, and offshore project management via subsidiaries like Exmar Offshore Company. Founded in 1829 and headquartered in Antwerp, Belgium, Exmar NV serves the oil and gas, fertilizer, clean energy fuel, and petrochemical sectors, leveraging over two centuries of shipbuilding expertise to deliver innovative, efficient solutions. As a subsidiary of Saverex NV, it plays a pivotal role in the maritime energy value chain.
$11.10
+$0.05 (+0.45%)
Live · 04:50 PM · Twelve Data
27.42% operating margin is above average. ROIC at 7.00%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 28.9% YoY. The question is whether this is cyclical or a structural shift.
Even for strong businesses, today's 11x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
10.9x earnings, 11.0x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$248M
▼ -28.9% YoY
Net Income (TTM)
$74M
▼ -58.9% YoY
Op. Margin
27.42%
▲ +7.3pp YoY
ROIC
7.00%
▼ -0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$74M
▲ +82.4% YoY
Op. Cash Flow (TTM)
$139M
▼ -1.8% YoY
Net Debt
$98M
Cash & Equiv.
$180M
3Y CAGR: +16.8%
3Y CAGR: +138.2%
Continue Research
At a P/E of 10.9 and a price-to-free-cash-flow of 11.0, Exmar NV (EXM.XBRU) trades below a two-stage DCF intrinsic value of about $56.44 per share, so at $11.10 the stock looks undervalued (408.5% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Exmar NV scores 72/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 17.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $56.44 per share for EXM.XBRU, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $42.33. At today's $11.10, that puts the stock about 408.5% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Exmar NV scores 72 out of 100 on Intrinsiqq's quality score, passing 5 of 8 checks, which makes it a solid business on these measures. Recent fundamentals include a 27.4% operating margin and a 7.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, Exmar NV pays a regular dividend of about $2.14 per share per year (typically in quarterly installments), a yield of roughly 17.0% at the current price. That is a payout ratio of about 186.8% of earnings, so the dividend is stretched at this level. Exmar NV has grown the dividend at roughly 61.1% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For EXM.XBRU's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. EXM.XBRU currently trades below its estimated intrinsic value and scores 72/100 on quality (solid). It also yields about 17.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.