Schoeller-Bleckmann Oilfield Equipment AG (SBOEY) AI Stock Analysis

Schoeller-Bleckmann Oilfield Equipment AG

(Other OTC:SBOEY)

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Rating:49Neutral

Price Target:$3.50▲(5.20% Upside)

Action:reiterated

Date:08/24/26

The score is held down primarily by weakening financial performance (sharp margin compression and a steep decline in free cash flow). Technicals add a modest negative bias with the stock below key longer-term moving averages and a negative MACD. Valuation is also a drag due to the very high P/E, only partially offset by the dividend yield.

Positive Factors

Specialized Oilfield Equipment PositionSBOEY serves technically demanding drilling applications where precision, reliability, and material performance matter. This specialization can support customer retention and protect the business from competing solely on price, although demand remains tied to upstream activity.

Negative Factors

Declining Revenue and EarningsWeakening revenue and sharply lower earnings indicate reduced drilling-related demand or customer spending. Because SBOEY depends on upstream exploration and production activity, sustained softness could limit utilization, scale benefits, and recovery in profitability.

Schoeller-Bleckmann Oilfield Equipment AG (SBOEY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $5.27B
Dividend Yield: 3.46%
Average Volume (3M): 202
Price to Earnings (P/E): 89.2
Beta (1Y): 0.65
Revenue Growth: -17.15%
EPS Growth: -85.35%
Country: US
Employees: 1,539
Sector: Energy
Sector Strength: 65
Industry: Oil & Gas Equipment & Services

Schoeller-Bleckmann Oilfield Equipment AG Business Overview & Revenue Model

Company Description

SCHOELLER-BLECKMANN OILFIELD EQUIPMENT Aktiengesellschaft (SBO) is a global frontrunner in producing highly precise components from advanced alloy steels. It also serves as a key provider of essential equipment for the oilfield service sector. The co...

How the Company Makes Money

SBOEY makes money primarily by selling oilfield products and services to exploration and production (E&P) companies and to oilfield service providers involved in drilling operations. Key revenue streams include (1) sales of downhole drilling tools an...

Schoeller-Bleckmann Oilfield Equipment AG Earnings Call Summary

Earnings Call Date:Nov 20, 2024(Q3-2024)|% Change Since:8.09%|Next Earnings Date:Nov 25, 2026

Earnings Call SentimentNeutral

The call presented a mix of positive and negative aspects. While there are solid achievements in cash flow improvement, regional expansion, and strategic initiatives, the company faces sales decline, particularly in the AMS division, and challenges from foreign exchange losses.

Positive Updates

Solid Cash Flow and Balance Sheet Improvement

Free cash flow increased to more than EUR 42 million, significantly above the previous two years, driven by lower working capital. Cash increased significantly compared to half-year figures due to a successful financing round and strong cash flow generation. Net debt further decreased, and the gearing improved.

Negative Updates

Sales Decline and Market Challenges

Sales decreased by 3% year-to-date compared to the previous year, impacted by weakness in the U.S. market. Group EBIT of EUR 51.8 million is well below the previous year.

Company Guidance

During the Q3 2024 earnings call for Schoeller-Bleckmann, the executives highlighted several financial metrics and provided guidance. The company achieved sales of EUR 425.6 million, a slight 3% decrease from the previous year, with Oilfield Equipment sales showing a 9% increase driven by international expansion. The bookings for Q3 were EUR 124 million, 4% lower than Q2, but 5% higher than Q1. EBIT for the group was reported at EUR 51.8 million, significantly lower than last year due to challenges in the Oilfield Equipment division's first half performance and foreign exchange losses in the AMS segment. Despite this, the company showed strong cash flow with a free cash flow exceeding EUR 42 million, and gearing improved to 19.6%. The executives emphasized ongoing efforts in regional expansion, particularly in the Middle East and Latin America, and noted a strategic recalibration to be shared in early 2025. While the long-term outlook remains positive, the near-term environment is cautious due to market volatility and economic slowdowns, with the AMS division experiencing moderated demand.

Schoeller-Bleckmann Oilfield Equipment AG Financial Statement Overview

Summary

Fundamentals are in a downshift from the 2022–2023 peak: revenue is declining and profitability has compressed sharply (net margin ~12% in 2023 to ~1% TTM). The balance sheet is still serviceable with moderate leverage, but free cash flow has collapsed to ~€2.7M TTM, reducing financial flexibility.

Income Statement

55Neutral

Balance Sheet

63Positive

Cash Flow

46Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	407.18M	437.30M	560.45M	585.87M	501.24M	292.81M
Gross Profit	109.59M	125.38M	170.30M	202.60M	168.85M	75.96M
EBITDA	58.97M	65.18M	107.66M	131.75M	130.68M	54.53M
Net Income	5.25M	22.64M	45.32M	71.57M	75.20M	20.98M
Balance Sheet
Total Assets	897.64M	909.93M	986.11M	836.42M	903.10M	805.61M
Cash, Cash Equivalents and Short-Term Investments	254.67M	281.35M	314.69M	162.35M	287.76M	291.75M
Total Debt	370.98M	375.97M	381.69M	263.59M	262.65M	288.52M
Total Liabilities	470.86M	488.19M	493.41M	388.40M	478.08M	464.73M
Stockholders Equity	426.78M	421.75M	492.70M	448.02M	425.02M	340.88M
Cash Flow
Free Cash Flow	2.74M	30.56M	63.88M	49.05M	21.41M	3.48M
Operating Cash Flow	46.42M	69.58M	98.43M	86.53M	52.38M	22.91M
Investing Cash Flow	-52.80M	-45.10M	-31.59M	-53.39M	-25.32M	-39.90M
Financing Cash Flow	-23.23M	-39.29M	79.21M	-152.91M	-44.48M	-24.41M

Schoeller-Bleckmann Oilfield Equipment AG Technical Analysis

Technical Analysis SentimentNeutral

Last Price3.33

Price Trends

50DMA3.38Negative

100DMA3.44Negative

200DMA3.74Negative

Market Momentum

MACD-0.03Negative

RSI52.46Neutral

STOCH77.07Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBOEY, the sentiment is Neutral. The current price of 3.33 is above the 20-day moving average (MA) of 3.28, below the 50-day MA of 3.38, and below the 200-day MA of 3.74, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 52.46 is Neutral, neither overbought nor oversold. The STOCH value of 77.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SBOEY.

Schoeller-Bleckmann Oilfield Equipment AG Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

SBOEY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FET	76Outperform	$974.49M	31.93	10.24%	―	10.59%	―
INVX	71Outperform	$1.96B	40.11	4.56%	―	7.04%	-52.49%
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
NOV	59Neutral	$6.88B	48.23	2.31%	2.26%	-0.96%	-59.98%
SBOEY	49Neutral	$525.25M	89.25	1.24%	3.46%	-17.15%	-85.35%
DTI	47Neutral	$56.63M	-19.84	-2.49%	―	-5.48%	32.73%
KLXE	46Neutral	$117.30M	-0.35	73.91%	―	-4.78%	22.13%

* Energy Sector Average

Performance Comparison

SBOEY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SBOEY	Schoeller-Bleckmann Oilfield Equipment (OTC)	3.33	-0.01	-0.36%
INVX	Innovex International, Inc.	28.08	7.66	37.51%
FET	Forum Energy	84.94	56.08	194.32%
NOV	NOV Inc.	19.29	4.57	31.09%
KLXE	Klx Energy Services Holdings	1.11	-0.70	-38.67%
DTI	Drilling Tools International Corp.	1.60	-0.63	-28.03%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 24, 2026

Schoeller-Bleckmann Oilfield Equipment AG AI Stock Analysis