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Exmar N.V. (EXM.BR)

EUR11.45 +0.00 (+0.00%)
BE BRU Energy Oil & Gas Midstream
Address De Gerlachekaai 20 2000
Antwerp, BE
CEO Carl Antoine Saverys
Website exmar.com
IPO 2000-01-04
ISIN BE0003808251

Explore sections of this company profile

Also trades on Euronext Brussels · EXM.BR (EUR) London Stock Exchange · 0EEV.L (EUR)
Description

Exmar NV delivers global maritime transport and energy logistics solutions, structured into three distinct divisions: Shipping, Infrastructure, and Supporting Services. Its Shipping division specializes in the carriage of various liquefied gas commodities, including LPG, butane, propane, anhydrous ammonia, and diverse petrochemical gases. The Infrastructure segment encompasses the ownership and leasing of offshore facilities, alongside the development of designs for drilling and production operations. This segment also undertakes asset construction and provides specialized engineering support for marine vessels, conventional ships, and offshore structures serving the maritime oil and gas sector. Furthermore, Exmar constructs, possesses, and manages key liquefied natural gas (LNG) infrastructure, which includes floating liquefaction plants and floating storage and regasification units, and offers essential ship-to-ship transfer operations. The company also undertakes the design, construction, installation, and operation of floating production, storage, and offloading (FPSO) units, and manages the operation, installation, and upkeep of various barges, catering to contractors, mining enterprises, and drilling companies, alongside providing accommodation barges. The Supporting Services division delivers ship management, engineering consultancy, and travel agency offerings. It also manufactures ropes for marine and offshore applications. Established in 1829, Exmar NV maintains its principal office in Antwerp, Belgium.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR11.45 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
2.3K
Beta
-0.28
Float Shares
10.03M
Free Float %
15.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.16% -3.00% +4.63% +9.71% +11.00% +13.34% -1.91% +4.82% +191.99% +58.04% +48.29%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
11.45
DCF (Unlevered) 3.96 -65.4%
DCF (Levered) 5.24 -54.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2025-02 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.25
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Oil & Gas Midstream: +6.6%
    -26.0% Q4'25: -55.9% (vs Q4'23)
  • ✗
    EPS growth Oil & Gas Midstream: +17.6%
    -61.9% Q4'25: -57.3% (vs Q4'23)
  • ✓
    FCF margin FCF growth · Oil & Gas Midstream: +25.7%
    +19.2% Q4'25: +19.5% (vs Q4'23)
  • ✓
    EBIT margin Oil & Gas Midstream: +30.0%
    +27.3% Q4'25: +31.6% (vs Q4'23)
  • ✗
    ROIC Oil & Gas Midstream: +7.6%
    +9.9% ★ Q4'25: +21.6% (vs Q4'23)
  • ✗
    Share dilution Oil & Gas Midstream: +0.0%
    +12.9% Q4'25: +38.9% (vs Q4'23)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Oil & Gas Midstream: 2.41×
    2.85× ★ Q4'25: 1.32× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.27) × ERP
WACC = 75% × Ke + 25% × Kd (16.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 3.96 Current price: 11.45
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2003
actual 		Dec 2005
actual 		Dec 2006
actual 		Dec 2007
actual 		Dec 2008
actual 		Dec 2009
actual 		Dec 2010
actual 		Dec 2011
actual 		Dec 2012
actual 		Dec 2013
actual 		Dec 2014
actual 		Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual
Revenue
318.01M
est: 467.72M (-32.0%)
451.69M
est: 511.66M (-11.7%)
503.06M
est: 618.88M (-18.7%)
502.58M
est: 695.89M (-27.8%)
485.21M
est: 784.36M (-38.1%)
403.16M
est: 640.67M (-37.1%)
413.89M
est: 590.11M (-29.9%)
450.16M
est: 547.63M (-17.8%)
462.76M
est: 603.25M (-23.3%)
405.90M
est: 521.55M (-22.2%)
136.17M
est: 377.47M (-63.9%)
113.35M
est: 409.03M (-72.3%)
96.24M
est: 305.31M (-68.5%)
80.65M
est: 237.28M (-66.0%)
91.11M
est: 195.16M (-53.3%)
138.22M
est: 223.72M (-38.2%)
285.15M
est: 264.70M (+7.7%)
148.23M
est: 206.54M (-28.2%)
155.60M
est: 201.39M (-22.7%)
487.32M
est: 517.46M (-5.8%)
348.91M
est: 243.28M (+43.4%)
258.26M
est: 170.32M (+51.6%)
EBITDA
59.83M
est: 185.94M (-67.8%)
168.30M
est: 20.12M (+736.5%)
170.20M
est: 112.10M (+51.8%)
102.20M
est: 127.90M (-20.1%)
60.22M
est: 31.81M (+89.3%)
176.30M
est: -56.50M (+412.0%)
152.83M
est: 104.06M (+46.9%)
114.13M
est: 69.54M (+64.1%)
168.53M
est: 58.75M (+186.9%)
104.47M
est: 95.13M (+9.8%)
-12.94M
est: 157.75M (-108.2%)
-23.86M
est: 219.07M (-110.9%)
-17.40M
est: 67.75M (-125.7%)
-39.74M
est: 67.60M (-158.8%)
26.12M
est: 53.91M (-51.6%)
40.81M
est: -18.99M (+314.9%)
175.44M
est: -1.98M (+8,957.2%)
60.46M
est: -2.05M (+3,043.2%)
20.50M
est: -1.82M (+1,226.9%)
69.26M
est: 181.12M (-61.8%)
240.99M
est: 85.15M (+183.0%)
97.52M
est: 59.61M (+63.6%)
EBIT
29.68M
est: 120.58M (-75.4%)
122.01M
est: 44.39M (+174.9%)
120.65M
est: 151.04M (-20.1%)
47.92M
est: 164.21M (-70.8%)
-6.41M
est: 90.65M (-107.1%)
101.18M
est: 94.84M (+6.7%)
63.34M
est: 58.77M (+7.8%)
11.42M
est: 103.89M (-89.0%)
95.19M
est: 61.19M (+55.6%)
125.00M
est: 88.62M (+41.1%)
87.06M
est: 96.42M (-9.7%)
28.07M
est: -20.79M (+235.0%)
51.16M
est: -29.31M (+274.5%)
49.77M
est: 733.9K (+6,682.4%)
7.10M
est: 15.19M (-53.3%)
17.74M
est: 12.05M (+47.2%)
140.14M
est: 24.53M (+471.3%)
29.10M
est: 25.44M (+14.4%)
-11.64M
est: 22.53M (-151.7%)
37.14M
est: 110.75M (-66.5%)
209.29M
est: 52.07M (+302.0%)
70.38M
est: 36.45M (+93.1%)
Net Income
9.97M
est: 17.05M (-41.6%)
81.49M
est: 12.57M (+548.1%)
76.33M
est: 107.80M (-29.2%)
494.0K
est: 113.08M (-99.6%)
-62.59M
est: 746.7K (-8,481.7%)
43.45M
est: -74.78M (+158.1%)
14.37M
est: 57.44M (-75.0%)
-33.98M
est: 17.12M (-298.5%)
54.59M
est: -55.33M (+198.7%)
104.79M
est: 55.55M (+88.6%)
68.24M
est: 100.74M (-32.3%)
11.21M
est: 89.18M (-87.4%)
35.79M
est: 11.34M (+215.5%)
28.03M
est: 29.96M (-6.4%)
-15.91M
est: 27.31M (-158.3%)
-13.22M
est: -22.65M (+41.6%)
91.93M
est: -21.05M (+536.8%)
11.60M
est: -21.83M (+153.1%)
320.32M
est: 331.66M (-3.4%)
71.97M
est: 146.12M (-50.7%)
180.99M
est: 81.13M (+123.1%)
77.37M
est: 23.43M (+230.2%)
SGA
—
est: 63.54M (-100.0%)
—
est: 15.84M (-100.0%)
—
est: 34.93M (-100.0%)
353.93M
est: 44.90M (+688.2%)
327.92M
est: 55.86M (+487.1%)
250.73M
est: 48.50M (+417.0%)
246.17M
est: 51.24M (+380.4%)
—
est: 46.83M (-100.0%)
—
est: 67.70M (-100.0%)
—
est: 45.68M (-100.0%)
—
est: 60.94M (-100.0%)
—
est: 86.80M (-100.0%)
—
est: 58.07M (-100.0%)
—
est: 36.19M (-100.0%)
32.92M
est: 43.53M (-24.4%)
28.69M
est: 49.77M (-42.4%)
27.42M
est: 101.07M (-72.9%)
23.28M
est: 104.82M (-77.8%)
36.45M
est: 92.81M (-60.7%)
40.94M
est: 75.32M (-45.6%)
37.59M
est: 35.41M (+6.2%)
37.38M
est: 24.79M (+50.8%)
EPS
0.22
est: 0.30 (-25.9%)
1.91
est: 0.39 (+390.7%)
1.85
est: 2.15 (-14.1%)
0.01
est: 1.14 (-99.0%)
-1.87
est: 0.54 (-449.2%)
1.25
est: -0.33 (+479.4%)
0.25
est: -0.35 (+172.3%)
-0.60
est: -0.36 (-66.1%)
0.97
est: 0.49 (+96.6%)
1.84
est: 0.62 (+198.2%)
1.19
est: 1.58 (-24.8%)
0.20
est: 0.88 (-77.3%)
0.63
est: 0.65 (-3.3%)
0.49
est: -0.21 (+329.4%)
-0.28
est: -0.56 (+50.0%)
-0.23
est: -0.27 (+15.3%)
1.61
est: 1.90 (-15.4%)
0.20
est: 0.39 (-48.4%)
5.60
est: 0.09 (+6,318.8%)
1.25
est: 2.25 (-44.5%)
3.14
est: 1.25 (+151.1%)
1.20
est: 0.36 (+232.2%)
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 3/5 4/5 5/5 3/5 3/5 3/5
2026-05-28 A- 4/5 3/5 4/5 5/5 3/5 3/5 3/5
2026-05-27 A- 4/5 3/5 4/5 5/5 3/5 3/5 3/5
2026-05-26 A- 4/5 3/5 4/5 5/5 3/5 3/5 3/5
2026-05-25 A- 4/5 3/5 4/5 5/5 3/5 3/5 3/5
2026-05-22 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-21 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-20 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-19 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-18 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-15 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-14 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-13 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-12 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-11 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-08 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-07 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-06 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-05 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-05-04 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-04-30 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-04-29 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-04-28 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-04-27 A- 4/5 3/5 4/5 5/5 2/5 3/5 3/5
2026-04-24 B+ 3/5 3/5 4/5 5/5 1/5 3/5 3/5
2026-04-23 B+ 3/5 3/5 4/5 5/5 1/5 2/5 3/5
2026-04-22 B+ 3/5 3/5 4/5 5/5 1/5 2/5 3/5
2026-04-21 B+ 3/5 3/5 4/5 5/5 1/5 2/5 3/5
2026-04-20 B+ 3/5 3/5 4/5 5/5 1/5 2/5 3/5
2026-04-17 B+ 3/5 3/5 4/5 5/5 1/5 2/5 3/5
2026-04-16 B+ 3/5 3/5 4/5 5/5 1/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
95.95M
OE per share TTM
3.02
Owner's Yield
10.62%
Maintenance CapEx ratio
1,102.51%
Maint CapEx / Avg PPE
190.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
46.9K
Shares Outstanding
64.87M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Nicolas Saverys Executive Chairman of the Board 3M male
Francis Mottrie Chief Operating Officer 675.0K male
Carl Antoine Saverys Chief Executive Officer & Executive Director 465.0K male
Jonathan Raes MD of Infrastructure & Executive Director of Infrastructure 445.0K male
Morten Pilnov Executive Director of Shipping 400.0K male
Hadrien Bown Chief Financial Officer 400.0K male
Mathieu Verly Company Secretary — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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