CMB.TECH CMBT.BR
BelgiumEnergy · Oil & Gas MidstreamEuronext Bruselas · EUR
16.45 EUR (−9.0%)
4 analysts
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CMB.TECH is a Belgian shipping and energy midstream company that operates a fleet of vessels for the transport of crude oil, gas, and other products, with a growing focus on clean fuel technologies.
Listed on Euronext Bruselas · Symbol CMBT.BR · EBR: CMBT · Currency EUR
Key points
from its scores- ✓Good share-price trend9.8
- ✓Favourable backdrop8.6
- ✓Attractive dividend7.4
- ✕Fragile balance sheet4.8
- !Somewhat demanding valuation5.1
AI analysis
bottom line, main risk, context and newsStrong growth and margins are attractive, but high debt and exposure to risky shipping routes warrant close monitoring.
CMB.TECH shows explosive growth (revenue +81.5%, earnings +3039.7%) and an operating margin of 43.23%, but its high debt (ND/EBITDA 4.56) and negative cash conversion (-69.62%) raise concerns about the sustainability of its profitability and its ability to fund the dividend.
The main risk is the high debt (ND/EBITDA 4.56) combined with the exposure of its fleet to high-risk geopolitical shipping routes, which could affect its refinancing capacity and operating costs.
Context and risks
CMB.TECH is a Belgian midstream energy company with a fleet of vessels transiting high-risk maritime routes, including the Strait of Hormuz and the Gulf of Aden, where attacks on tankers persist.
Is CMB.TECH stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 18% below the Energy median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 7.1 | 15.7 | −55% |
| EV / EBITDA | 9.6 | 8.0 | +20% |
| Price / book | 2.2 | 2.2 | +0% |
| Price / sales | 2.6 | 1.9 | +35% |
Sector: median of the 102 Energy companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.1 out of 10 (median for Energy: 5.9).
Average analyst target: 16.45 EUR, −9.0% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 4.8 (sector 6.8), Growth 7.2 (sector 7.2).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Energy medianValuation
- P/E
- 7.1
- Forward P/E
- 9.8
- EV / EBITDA
- 9.6
- Price / book
- 2.2
- Price / sales
- 2.6
- PEG
- 0.69
- Market cap
- 5.2B EUR
- Enterprise value
- 11.2B USD
Profitability
- ROE
- 29.6%
- ROA
- 5.3%
- ROIC (approx.)
- 12.1%
- Gross margin
- 56.0%
- Operating margin
- 43.2%
- Net margin
- 37.2%
- Free cash flow
- −808.4M USD
- FCF yield
- −13.8%
- Cash conversion
- −70%
Solvency
- Total debt
- 5.5B USD
- Net debt
- 5.3B USD
- Cash
- 159.8M USD
- EBITDA
- 1.2B USD
- Net debt / EBITDA
- 4.56
- Debt / equity
- 174.71
- Current ratio
- 1.12
- Quick ratio
- 0.63
Growth
- Revenue growth
- +81.5%
- Earnings growth
- +3,039.7%
- EPS (TTM)
- 2.54 EUR
- EPS (forward)
- 1.84 EUR
Dividend
- Dividend yield
- 4.0%
- Payout
- 30.4%
Risk and market
- Beta
- 0.20
- Analyst consensus
- none (4)
- Target price
- 16.45 EUR
- 52-week range
- 7.66 – 18.22
Recent news
All CMBT.BR news →Compare it with its sector
All 102 in Energy →Frequently asked questions about CMB.TECH
Is CMB.TECH stock cheap or expensive?
On P/E and EV / EBITDA, it trades 18% below the Energy median on average. Valuation score: 5.1 out of 10 (median for Energy: 5.9). Average analyst target: 16.45 EUR, −9.0% versus the price. This is not investment advice.
What score does CMB.TECH get on MeridIAn Screener?
It scores 6.6 out of 10, rank 433 of 2,130 (better than 77% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Financial health (4.8). Analysis of 08/10/2026.
What is CMB.TECH's P/E ratio?
Its P/E is 7.1: the share price equals 7.1 times earnings per share over the last 12 months. The Energy median is 15.7. Based on the earnings analysts expect, the forward P/E is 9.8.
How much is CMB.TECH worth on the stock market?
Its market capitalisation is 5.2B EUR and its enterprise value, debt included, is 11.2B EUR.
How much debt does CMB.TECH have?
Its net debt (debt minus cash) is 5.3B USD. That is 4.56 times its EBITDA; the Energy median is 1.23.
Does CMB.TECH pay a dividend?
Yes: its dividend yield is 4.04% and it pays out 30% of its earnings.
How has CMB.TECH stock performed over the last year?
It has risen 148.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 7.66 and 18.22 EUR. Past performance does not guarantee future results.
What do analysts think of CMB.TECH?
4 analysts cover it; their average recommendation is “none” and their average target is 16.45 EUR (−9.0% versus the price). It is an estimate, not market data.