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Seatrium Limited
(SGX:5E2)
Seatrium Limited (5E2) vs. iShares MSCI Singapore ETF (EWS)
Seatrium Limited Business Overview & Revenue Model
Seatrium Limited Earnings Call Summary
Seatrium Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.58B | 9.23B | 7.29B | 1.95B | 1.86B | 1.51B |
| Gross Profit | 538.41M | 290.68M | -209.34M | -141.96M | -1.11B | -491.57M |
| EBITDA | 673.38M | 833.52M | -1.27B | 101.95M | -954.83M | -327.69M |
| Net Income | 265.23M | 156.84M | -2.02B | -261.14M | -1.17B | -582.51M |
Balance Sheet | ||||||
| Total Assets | 17.49B | 17.48B | 16.23B | 9.10B | 9.30B | 8.97B |
| Cash, Cash Equivalents and Short-Term Investments | 1.64B | 1.96B | 2.27B | 2.13B | 1.11B | 772.43M |
| Total Debt | 2.84B | 3.12B | 3.55B | 3.36B | 3.35B | 3.84B |
| Total Liabilities | 10.94B | 11.14B | 9.81B | 5.31B | 5.27B | 5.27B |
| Stockholders Equity | 6.55B | 6.34B | 6.39B | 3.77B | 4.00B | 3.67B |
Cash Flow | ||||||
| Free Cash Flow | 1.07B | -4.26M | 484.45M | 1.01B | -637.23M | -841.52M |
| Operating Cash Flow | 1.13B | 97.35M | 600.80M | 1.04B | -589.09M | -749.89M |
| Investing Cash Flow | 94.55M | 119.91M | 654.35M | -26.21M | -44.22M | -88.12M |
| Financing Cash Flow | -1.22B | -524.11M | -1.07B | -20.66M | 964.16M | 1.23B |
Seatrium Limited Technical Analysis
Seatrium Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $13.71B | 9.62 | 30.76% | 3.41% | 0.42% | 40.48% | |
| ― | S$393.91M | 18.42 | 11.57% | 0.95% | -13.64% | -28.75% | |
| ― | S$216.10M | 14.19 | ― | ― | ― | ― | |
| ― | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
| ― | $7.03B | 26.34 | 4.07% | 0.69% | 25.68% | ― | |
| ― | S$69.64M | 11.36 | 28.37% | ― | -4.17% | -54.26% | |
| ― | S$550.85M | 47.31 | 1.18% | ― | 6.34% | 160.00% |
Seatrium Limited Corporate Events
Seatrium Limited has secured repair and upgrade contracts worth S$170 million, reinforcing its market leadership in the offshore and marine engineering sector. The contracts, which include projects for cruise ships, naval vessels, and offshore assets, highlight Seatrium’s expertise and commitment to safety and sustainability. These wins are expected to bolster the company’s financial performance and strengthen Singapore’s status as a hub for cruise ship upgrades.
Seatrium Limited has announced that it received a notice of arbitration from Maersk Offshore Wind’s affiliate following a dispute over the termination of a contract for a Wind Turbine Installation Vessel intended for the Empire Wind 1 project in the U.S. Seatrium Energy (International) Pte Ltd, a subsidiary of Seatrium, rejected the termination notice and plans to deliver the vessel by January 2026. The arbitration will be conducted in London under the London Maritime Arbitrators Association terms, and Seatrium is preparing to defend its position. The financial impact of this situation remains uncertain, and the company will provide market guidance once the outcome is clearer.
Seatrium Limited has received a notice of termination for a contract involving the construction of a Wind Turbine Installation Vessel for Maersk Offshore Wind, intended for the Empire Wind 1 project in the U.S. The project was nearly complete, and Seatrium is currently assessing the validity of the termination notice and exploring legal and commercial options, including potential legal action for wrongful termination. This development may impact Seatrium’s operations and its stakeholders are advised to exercise caution.
Seatrium Limited announced the divestment of its AmFELS Yard in Brownsville, Texas, for S$65 million to Karpower Valley LLC, a related party of Karpowership. This strategic move aims to enhance Seatrium’s capital and operational efficiencies while maintaining its commitment to the U.S. market through a focus on engineering innovation and technology capabilities in other locations. The divestment is expected to unlock value from surplus facilities and ensure a smooth transition for ongoing projects, with completion anticipated by the end of 2025.
Seatrium Limited announced an update regarding a litigation involving one of its majority-owned joint ventures. The Singapore Court has dismissed an appeal to restrain payment under a USD 126.6 million standby letter of credit, allowing the customer to receive payment. Seatrium plans to continue arbitration to resolve the dispute and recover the payment. Provisions for the full amount have already been made, and the company does not anticipate any negative impact on its financial metrics for the year ending December 2025.
Seatrium Limited has secured a contract from Golar Hilli Corporation to upgrade the FLNG Hilli Episeyo vessel, which will be redeployed in Argentina to liquefy gas from the Vaca Muerta Shale formation. This project, scheduled for completion in 2027, aligns with Seatrium’s focus on energy transition, highlighting LNG as a transition fuel and reinforcing the company’s industry positioning as a leader in LNG solutions.
Seatrium Limited has received a notice of arbitration concerning a deed of indemnity related to its merger with Sembcorp Marine Ltd and Keppel Offshore & Marine Ltd. The indemnity involves claims linked to the Brazilian Operation Car Wash investigations, with Seatrium having previously agreed to a settlement payment with Brazilian authorities. The financial implications for Seatrium include provisions made for the settlement and indemnity, impacting its financial statements for the fiscal year ending December 2024.
Seatrium Limited has successfully signed a leniency agreement with the Brazilian Attorney-General’s Office and the Comptroller General of the Union, as previously anticipated. This development is significant for Seatrium as it may enhance its operational stability and reinforce its position in the global offshore and marine industry, potentially impacting its stakeholders positively.
Seatrium Limited has finalized agreements with Brazilian and Singaporean authorities related to the Operation Car Wash investigations. The company signed a leniency agreement with Brazil’s Public Prosecutor’s Office and expects to sign further agreements with other Brazilian authorities, involving a settlement payment of approximately S$168.4 million. Additionally, Seatrium has finalized a Deferred Prosecution Agreement with Singapore authorities, which includes a financial penalty of US$110 million, with a portion credited against payments to Brazil, resulting in a net payment of US$57 million to Singapore.