Santierul Naval Orsova SA

Santierul Naval Orsova SA

BBVB:SNO
26.00
RON
+1.20
(+4.84%)
1.33EPS
14.63P/E
222.75MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.07
3.18
2.49
5.68
4.06
4.18
5.34
6.07
6.38
4.9
8.39
7.9
10.02
10.85
Basic EPS, GAAP
-0.25
0.41
0.03
0.24
0.24
0.25
0.28
0.41
-0.01
-0.37
0.3
0.52
0.77
1.33
Free Cash Flow per Basic Share
0.47
0.94
-1.28
2.06
-0.12
-0.09
0.69
1.46
-0.49
0.12
0.58
-0.15
0.99
0.22
Dividend per Share
- -
- -
- -
- -
0.19
0.16
0.21
0.23
0.98
0.52
0.01
0.52
0.52
0.67
Book Value per Share
6.87
7.3
7.48
7.75
7.83
8.32
8.38
8.52
7.77
6.83
7.13
7.68
8.29
8.49
Tangible Book Value per Share
6.87
7.3
7.47
7.74
7.83
8.32
8.38
8.35
7.63
6.73
7.08
7.39
8.03
8.27
Basic Weighted Avg Shares
11
11
11
11
11
11
11
11
11
11
11
11
11
11
Sales/Revenue/Turnover
46
36
28
65
46
48
61
69
73
56
96
90
114
124
Operating Margin (%)
-16.06
-19.43
-28.21
-11.21
-11.16
-1.15
-6.67
-2.92
-5.07
-8.86
0.66
0.62
3.13
10.29
Depreciation Expense
4
4
5
5
5
4
4
3
5
4
6
6
6
5
Net Income, GAAP
-3
5
- -
3
3
3
3
5
- -
-4
3
6
9
15
Effective Tax Rate (%)
- -
2.01
32.85
21.65
17.74
20.46
19.38
7.77
130.12
- -
11.03
21.29
15.87
20.15
Profit Margin (%)
-6.16
12.79
1.39
4.3
5.86
5.97
5.25
6.71
-0.21
-7.53
3.61
6.58
7.66
12.28
Working Capital
41
47
50
56
58
60
60
63
51
42
45
48
53
64
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
1
1
- -
3
3
- -
Total Equity
78
83
85
88
89
95
96
97
89
78
81
88
95
97
Return on Invested Capital (%)
- -
5.89
0.47
3.04
2.64
3.08
2.83
4.35
- -
- -
3.92
5.96
8.2
12.18
Return on Capital (%)
- -
5.67
0.5
3.06
3.06
3.09
3.36
4.82
-0.18
- -
4.38
6.96
9.5
16.93
Return on Common Equity (%)
-3.59
5.74
0.47
3.21
3.06
3.09
3.36
4.82
-0.17
-5.06
4.33
7.02
9.61
16.76

Capital Structure

RON

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
3
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
11
Market Capitalization
92
102
223

Working Capital

RON

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
78
96
90
Cash, Cash Equivalents & STI
30
41
30
Accounts Receivable, Net
18
20
21
Inventories
28
34
38
Total Current Liabilities
25
29
26
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

RON

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.24%
-0.19%
7.89%
Free Cash Flow
-188.59%
-148.52%
-742.84%
Net Income, GAAP
313.73%
494.73%
47.61%
Sales/Revenue/Turnover
21.77%
14.82%
26.87%
Total Cash Common Dividend
- -
1,384.91%
0.24%

Quarterly Revenue

RON

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16
33
15
26
90
2025
18
24
24
48
114
2026
25
27
- -
- -
- -

Quarterly Earnings Per Share

RON

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.38
0.05
0.03
0.52
2025
0.06
0.15
0.1
0.45
0.77
2026
0.42
0.36
- -
- -
- -

Quarterly Dividends Per Share

RON

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.01
- -
0.51
0.52
2025
- -
0.52
- -
- -
0.52
2026
- -
0.66
- -
- -
- -

Company Description

CEO
Mircea Ion Sperdea
Full Time Employees
348
Sector
Producer manufacturing
Industry
Trucks/Construction/Farm machinery
Address
Orsova Romania
IPO Date
Jun 9, 1998
Business
Santierul Naval Orsova SA is a Romania-based shipbuilding and marine engineering company primarily engaged in the construction, conversion, repair, and modernization of inland waterway and coastal vessels. Founded in 1890 and headquartered in Orșova, Mehedinți County, Romania, the company operates dual industrial facilities comprising its primary river shipyard on the Danube River in Orșova and a dedicated commercial maritime and vessel chartering branch located in Agigea at the Port of Constanța on the Black Sea. The company caters to both commercial shipping operators and industrial logistics clients, exporting the majority of its newbuild vessel output to Western European markets, predominantly the Netherlands, Germany, Belgium, Austria, and France. Santierul Naval Orsova SA organizes its business activities into systematic product and service categories: inland vessel construction, which includes chemical tankers and liquefied gas tankers featuring 100% duplex stainless steel cargo tanks; dry cargo vessels and container motor ships; pushers, tugs, and self-propelled river barges; ro-ro barges, split hopper barges, and open hold freight barges; passenger vessels, ferry boats, and river pontoons; and customized floating structures and technical workboats; ship repair and conversion services, which include dry-docking and slipway launching for vessels up to 135 meters in length; hull inspections, steel replacement, and structural refits; mechanical, electrical, and propulsion system overhauls; piping installation; and automated abrasive surface cleaning and specialized marine coating applications; and maritime support and logistics services, which include technical vessel chartering, equipment leasing, and port operations. In recent developments, Santierul Naval Orsova SA has reinforced its European commercial presence by securing high-value export shipbuilding contracts totaling tens of millions of euros with long-standing Dutch maritime partners, including Rensen-Driessen Shipbuilding B.V. and Gebr. De Jonge B.V., with delivery schedules committed through 2029. Operationally, the company has advanced industrial modernization programs across its Orșova yard, incorporating automated robotic welding systems, high-precision plasma and laser cutting equipment, and heavy-lift gantry cranes to expand fabrication capacity for specialized chemical transport hulls. Additionally, the company has streamlined its Agigea branch operations through targeted fleet rationalization, including the commercial sale of non-core technical barges, while extending key executive mandates to strengthen long-term commercial chartering and Black Sea maritime logistics activities.