CMB.TECH Shares Rise by 4.29% at Close Amid Quarterly Results

Performance and Market Reaction

CMB.TECH closed at 9.23 euros this Thursday, November 27, up by 4.29% compared to the previous day when the stock was at 8.85 euros. The share of capital traded remained limited to 0.13%, indicating a move on contained volumes. Over seven days, the increase reached 3.71%, confirming an upward trend that began in early November. The recent quarter shows a remarkable performance of 25.24%, contrasting with an annual decline of 16.47%, well below the CAC 40's rise of 12.58% over the same period. The Paris market, on the other hand, ended almost stable at 8,099.47 points, with a marginal increase of 0.04%. The company published its unaudited third quarter 2025 results on Wednesday, November 26, reporting a net profit of 17.3 million dollars and an EBITDA of 238.4 million dollars. Quarterly revenue jumped to 454.2 million dollars from 221.8 million a year earlier, while earnings per share fell to 0.07 dollar. The group proposes an interim dividend of 0.05 dollar per share, with payment expected around January 15, 2026. Several analysts highlight that the fourth quarter looks significantly better, in a context of strengthening maritime freight rates.

Technical Outlook

Technically, the stock is now trading above its 50-day moving average, set at 8.22 euros, a sign of recovery after several weeks of consolidation. The upper Bollinger band is at 9.05 euros, a level that the price surpassed during the session, indicating a reinforced upward dynamic. The RSI indicator is at 64, positioning the stock in a favorable zone without speculative excess, while the Scholes signal remains neutral. The 200-day moving average is set at 8.18 euros, marking a significant crossing that could serve as a technical anchor in the coming weeks. The monthly volatility of 12.85% reflects moderate fluctuations for a stock in the maritime sector, historically sensitive to changes in freight rates and geopolitical tensions. The beta of 0.60 confirms a sensitivity lower than that of the market, a characteristic appreciated in a context of macro-economic uncertainty. Flow indicators, notably the CMF at 0.23 and the OBV at 67,387, suggest a gradual accumulation by institutional investors.

Valuation and Strategic Moves

At the current price, the stock displays a discount of at least 20% based on the estimated value of its fleet of 246 ships. The group's order book stands at 2.95 billion dollars, offering appreciated visibility in a cyclical sector. The recent sale of the VLCC Dalma is expected to generate a capital gain of 26.7 million dollars, demonstrating active management of the asset portfolio. The Belgian carrier, formerly known as Euronav, operates in the transport of petroleum products, gases, and dry bulk, while progressively developing hydrogen and ammonia-powered solutions. Sectoral prospects appear favorable, with a relatively balanced dry bulk market despite capacity constraints at shipyards and uncertainty over future propulsion technologies. Upcoming milestones include the publication of the 2025 annual results and the general meeting, key moments to assess the group's ability to capitalize on improved market conditions and continue its energy transition.