CMBTCmb.Tech NV

$17.66

Is the business good?

How good a business is CMBT?

Cmb.Tech NV earns 30% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

30%

Return on invested capital · cost of capital 9.0% · 21 points above what the capital costs: growth creates value

Operating margin
107%

Operating margin · Oil & Gas Midstream median 36% · fiscal year to FY2024

Share count, year on year
−2.9%

Share count, year on year · bought back, each share owns more of the company

R&D as % of revenue
1.1%

R&D as % of revenue

Operating margin by fiscal year
YearOperating margin
FY201921%
FY202044%
FY2021−67%
FY202234%
FY202379%
FY2024107%
Details
Gross marginfiscal year to FY2024
100%
Operating marginfiscal year to FY2024
107%
Net marginfiscal year to FY2024
93%
R&D as % of revenue
1.1%
Revenue, trailing twelve months
$940M
Net income, trailing twelve months
$871M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
30%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.