SBM OFFSHORE risk profile
29 Normal where most of the sector sits
Measured 1 September 2026 from IHCB's filed statements. Recomputed nightly.
29 (Normal), driven by Leverage and coverage at 57, over 5 weighted categories on the MANUFACTURER profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 39 | Normal | Stable | Average daily turnover — $34 |
| Operating pressure | 16 | Contained | Easing | Input-cost exposure — 0.18 |
| Cash conversion | 21 | Normal | Worsening | Cash conversion — 1.32x |
| Leverage and coverage | 57 | Elevated | Easing | Net debt to EBITDA — 3.94x |
| Competitive position | 26 | Normal | Stable | R&D-intensity gap against peers — -0.5 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.