CMB.TECH NV (CMBT) AI Stock Analysis

CMB.TECH NV operates in the marine transportation sector in Belgium across three units: Marine, H2 Infra, and H2 Industry. The Marine division designs, builds, owns, and runs low- and zero-carbon vessels, including crew transfer vessels, ferries, commissioning service operations vessels, tugboats, ammonia-powered large bulk carriers, container ships, and chemical and crude oil tankers. H2 Infra develops green molecule supplies and produces and distributes green hydrogen and ammonia, while H2 Industry supplies scalable dual-fuel industrial applications. Formerly known as Euronav NV, the company rebranded to CMB.TECH NV in October 2024 and operates as a subsidiary of CMB NV.

Revenue increased from $419.8M in FY2021 to $1.67B in FY2025, delivering a 5-year revenue CAGR of 6.2%. Profitability has fluctuated over this period; net income was -$338.8M in FY2021, reached $870.8M in FY2024, and settled at $160.7M in FY2025 with an operating margin of 22.2%. In FY2025, diluted earnings per share were -$0.03. For the trailing twelve months ended June 30, 2026, revenue stood at $2.27B with a net profit margin of 37.1% and diluted EPS of $2.96. In the latest quarter ended June 30, 2026, quarterly revenue grew 81.5% year-over-year, while quarterly earnings expanded by 3039.7%.

As of June 30, 2026, CMB.TECH NV held $159.7M in cash and short-term investments and $5.45B in total debt, leading to net debt of $5.29B. The company closed the quarter with a current ratio of 1.12, shareholders' equity of $3.12B, and a debt-to-equity ratio of 1.75. In FY2025, operating cash flow was $443.4M, but capital expenditures of $1.07B resulted in free cash flow of -$628.3M. The company also paid $21.0M in dividends during FY2025, while its share count expanded 43.9% over five years.

At a share price of $17.25, CMB.TECH NV trades at a trailing price-to-earnings multiple of 5.8x, compared to the median of 15.0x for its US-listed Energy peers. Its forward P/E of 16.0x sits above the peer median of 12.7x, while its EV-to-EBITDA of 6.6x is below the peer median of 8.0x. The company's price-to-sales ratio is 2.2x versus the peer median of 1.8x. Over the past year, CMB.TECH NV returned 106.1%, outperforming the S&P 500 (SPY) return of 16.8%. Over five years, the stock gained 193.0% against 83.0% for the index.

CMB.TECH NV pays an annualized forward dividend of $1.28 per share, which corresponds to a dividend yield of 7.42%. The company has paid dividends for 12 consecutive years, though its 5-year annualized dividend growth is -36.5%. Its payout ratio is currently 110.8%, and its last ex-dividend date occurred on October 16, 2026.

Wall Street coverage consists of 1 Strong Buy, 1 Buy, and 2 Hold ratings. The mean price target of $20.45 represents an 18.6% premium over the last close of $17.25. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $2.39B and EPS of $2.60. For the following fiscal year, 3 analysts project revenue of $2.29B and EPS of $1.54, implying an EPS decline of 40.7%. Over the last four quarters, the company has beaten EPS expectations 2 times. The next earnings date is November 25, 2026.

This page is an AI-written research summary of CMB.TECH NV (CMBT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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