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Stock Exmar N.V. EXM.BR

Exmar N.V. — Investlytic score 2/5 on the five criteria.

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40/ 100
Score Investlytic · 5 criteria

Analysis in progress…

Investlytic score: 2/5 criteria met. Data as of 01/11/2026.

  • ✅ Price trend passed
  • ⚠️ Mixed growth
  • ❌ Debt failed
  • ✅ P/E passed
  • ❌ Correction failed

Price trend

Overall trend (8 years): the price has been multiplied by at least 1.5.

Price change 2018 → 2019: -11.71%

Price change 2019 → 2020: -47.92%

Price change 2020 → 2021: 56.36%

Price change 2021 → 2022: 84.19%

Price change 2022 → 2023: -4.04%

Price change 2023 → 2024: 50.79%

Price change 2024 → 2025: -13.00%

Price change 2025 → 2026: 13.34%

Price change 2026 (year to date): 11.88%

Financial growth

Revenue CAGR (8 years): 15.39%

Earnings CAGR (8 years): N/A

Growth status: positive trend (>1%/yr) in revenue, earnings data insufficient/N/A.

Debt

Debt-to-equity ratio: 0.51

Debt/equity > 0.5 (maximum threshold).

P/E (Price/Earnings)

P/E ratio: 12.57

P/E < 25.0 (maximum threshold).

Correction (6 months)

Current correction: 5.83% from the high over 6 months.

Insufficient correction (< 10.0%).

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Criteria of the Investlytic model

- / 5
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Score out of 100, model verdict (buy, watch, sell) and details of the 5 criteria · visible with a free account.

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Price trend

Price & trend

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⚖️ Comparison with the market

All stocks →
StockP/EDette/FPRevenue growthRating
Exmar N.V.12.60.51−3.4 %🔒
Viridien12.70.94−0.6 %–
Fugro N.V.21.90.36−1.4 %–
Tsakos Energy Navigation Limited6.21.06+4.6 %–
Etablissements Maurel & Prom S.A.3.90.19+1.8 %★ 4/5

Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.

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Detailed analysis · Price trend

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Global model trend and annual price variations · visible with a free account.

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Revenues & profits

Revenue and net income

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Chart of revenues and net income over 8 periods · real data, no estimates.

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Financial indicators

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18 financial indicators analyzed by groups of criteria: valuation, profitability, growth, solidity, dividend, and momentum.

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Annual financial statements

Fiscal yearRevenueNet income Net marginEPSRevenue growth
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Complete annual financial statements: revenue, net income, margin, and EPS over 8 fiscal years.

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Key reported figures

Revenue, net income and net margin reported by Exmar N.V. over the latest fiscal years.

Revenue
248 m USD
fiscal year 2025
Net income
77.4 m USD
fiscal year 2025
Net margin
31.2 %
fiscal year 2025
Average annual growth
-2.7 %
Revenue growth over 5 years
Average annual growth
+8.2 %
Revenue growth over 10 years
Market cap
806 m USD
Fiscal yearRevenueNet incomeNet marginRevenue growth
2020285 m91.9 m32.2 %n/a
2021148 m11.6 m7.8 %-48.0 %
2022156 m320 m205.8 %+5.0 %
2023487 m72.0 m14.8 %+213.2 %
2024349 m181 m51.9 %-28.4 %
2025248 m77.4 m31.2 %-28.9 %

Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.

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Accounts and financial health

Balance sheet and cash flow published by Exmar N.V. over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).

Overview
average accounts
according to Altman Z, Piotroski and net debt
Altman Z-score
2.18
gray zone (1.81 to 2.99)
Piotroski Score
5 / 9
4 to 6: average accounts
Net Debt / EBITDA
2.07 x
moderate debt
Fiscal year20212022202320242025
Cash and investments73.0 m521 m177 m275 m187 m
Total Debt425 m218 m265 m317 m278 m
Net Debt354 m-301 m88.4 m41.8 m91.2 m
Equity536 m799 m482 m610 m549 m
Total assets1.0 bn1.2 bn927 m1.0 bn903 m
Operating cash flow112 m26.0 m51.9 m52.4 m118 m
Investments (capex)136 m25.1 m6.4 m11.4 m30.1 m
Free cash-flow-23.6 m866,00045.4 m40.8 m87.6 m
Share buybacks00007.4 m
Dividends paid20.6 m59.6 m391 m48.1 m145 m

Amounts in USD, currency of the published accounts.

Trailing 12-month ratios

Price / earnings (P/E)11.84 x
Price / book value1.72 x
Return on Equity (ROE)14.9 %
Return on Invested Capital (ROIC)6.3 %
Net margin34.7 %
Debt / equity0.46 x
Current ratio0.95 x
Interest coverage1.42 x
Free cash-flow yield-4.7 %

Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.

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Valuation and competitors

Exmar N.V. compared with its sector on the same exchange and with its main competitors.

Company P/E
12.4

Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on 06/11/2026. Competitors: comparable companies named by the data provider.

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PEA and practical information

PEA eligibility
likely
head office in the EU or EEA, listed on a European exchange
Listing exchange
Euronext Brussels
IPO: 04/01/2000
ISIN code
BE0003808251
Workforce
1,499
full-time employees
Chief executive
Carl Antoine Saverys

Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.

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Frequently asked questions about Exmar N.V.

What is the Exmar N.V. share price?

Latest recorded price: 11.15 EUR on 06/11/2026, for a market cap of 806 m USD.

What is the revenue of Exmar N.V.?

248 m USD for fiscal year 2025, with net income of 77.4 m USD (net margin 31.2 %).

What is the P/E ratio of Exmar N.V.?

Trailing 12-month P/E of 12.4.

Is Exmar N.V. stock eligible for the French PEA?

Likely: the company is headquartered in the European Union or the European Economic Area (ISIN BE0003808251) and the stock is listed on a European exchange. The institution holding the PEA confirms eligibility.

How many employees does Exmar N.V. have?

1,499 full-time employees according to the latest published profile.

Who runs Exmar N.V.?

Carl Antoine Saverys is the company's chief executive.

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