Cmb.Tech N.V.
CMBT · Price history
Price at last available close
$18.45
−$0.60 (-3.15%) 1M
2026-10-28
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Company & revenue
About Cmb.Tech N.V.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Cmb. Tech N. V.
How they make money
CMB.TECH operates as a maritime shipping company that generates revenue by owning, leasing, and operating a fleet of vessels, including dry bulk carriers, tankers, and offshore wind support vessels. The company also focuses on the energy transition by investing in hydrogen and ammonia-powered technologies and infrastructure to provide low-carbon shipping solutions to its customers.
Products & services
Maritime transportation services including dry bulk shipping, tanker shipping, and offshore wind support services (Crew Transfer Vessels and Commissioning Service Operation Vessels), alongside investments in hydrogen and ammonia fuel infrastructure.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Shipyards — Various international shipyards contracted for the construction and delivery of newbuild vessels.Source
Business relationships & partnerships
- MOL (Mitsui O.S.K. Lines) — A landmark agreement for the construction and operation of nine ammonia-powered vessels.Source
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt is at least one year of revenue
Debt is large relative to the company's recent revenue base. Review maturity dates, borrowing terms and whether available liquidity can support the obligation.
Interest coverage is below 2x
Reported earnings provide limited coverage of interest expense. Review the underlying interest and operating-income figures because weak coverage can increase refinancing and liquidity risk.
Free cash flow is negative
The latest reported period did not generate positive free cash flow. Check whether the cash use reflects development investment, working capital or continuing operating losses.
Cash covers less than 20% of total debt
Cash on hand is small relative to reported debt. Compare unrestricted cash, debt maturities and expected financing needs rather than treating the ratio alone as a default prediction.
Diluted weighted-average shares increased 49.4% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
55
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
51
Fair
Financial Strength
35
Business Quality / Moat
35
Management
73
Growth Quality
82
Risk / Durability
51
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
77
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
70/100
Building Historical Record
Model Score 70/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently positive.
- •Asset quality scores strongly
- •Valuation scores attractively
- •High debt risk
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for CMBT
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can CMBT maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can CMBT fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is CMBT's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is CMBT's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of CMBT's score?
Essential Investment Snapshot
Wall Street Score
55
Opportunity Score
77
Market Cap
$5.35B
P/E Ratio
6.5
EPS
$2.89
52-Week High
$20.82
52-Week Low
$8.88
Beta
0.14
Intrinsic Value
$111.41
Shares Outstanding
229.4M
Total Revenue
$2.25B
Total Debt
$5.45B
Dividend Yield (TTM)
4.61%
Liquidation Value / Share
$13.59
Dividend / Share (TTM)
$0.85
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CMBT
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
High debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on CMBT.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Modernized fleet through active rejuvenation and newbuild deliveries.
- +Strategic focus on low-carbon maritime technology and infrastructure.
Potential downside factors
- −Debt risk (high): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
59
Sep 14, 2026
Change
-3.7
points
Current Score
55
Oct 1, 2026
Category Changes
CMBT decreased 3.7 points because Moat declined by 6.3 points.
Negative Contributors
- − Moat declined by 6.3 points
Projected Score
Projected Score
60
Projected Change
+4.8 points
Preliminary comparable-period financial changes suggest improvement of approximately 4.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Review model assumptionsThis model estimate is more than three times the share price.
This is a formula-based estimate, not a verified fair value or price target. Check the earnings and growth assumptions.
Stored EPS: $2.89 · Growth assumption: 15.0% · Earnings multiplier: 38.5×.
Current Price
$18.45
Model Intrinsic Value
$111.41
Difference
−$92.97
-83.4% vs IV
Margin of Safety
83.4%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: +77.2%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.25B | $1.67B | $940.2M | $1.24B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $1.43B | $1.18B | $377.8M | $598.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $821.5M | $482.2M | $562.4M | $636.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $141.4M | $139.8M | $75.9M | $59.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $160.1M | $112.2M | -$440.0M | -$333.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $1.38B | $916.1M | $533.9M | $1.22B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $661.4M | $369.9M | $1.00B | $969.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $342.8M | $378.8M | $145.8M | $132.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $842.4M | $149.3M | $872.7M | $864.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $9.3M | $10.2M | $1.9M | $6.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $835.7M | $160.7M | $870.8M | $858.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $2.96 | $0.73 | $4.44 | $4.25 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 290M | 229M | 196M | 202M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 290M | 229M | 196M | 202M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$691.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$1.23
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-3.8%
Cash Change
-2.7%
Margin Change
+49.8 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, EPS growth, debt levels, net income margin. Pressure indicators included cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 78.3%. EPS increased 2975.0%. Cash declined 2.7%. Total debt declined 3.8%. Net income margin improved by 49.8 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
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Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Marine ShippingNews
CMB.TECH: Updates From Our Top Shipping Pick Of 2026
PRESS RELEASE: CMB.TECH announces special general meeting on 8 October 2026
CMB.TECH Q2 Earnings Call Highlights
CMB.TECH: Q2 Was Strong, But Valuation Looks Full (Downgrade)
Rumor Mill · CMBT
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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