SOC - Sable Offshore Corp.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$16.50
DETAILS
HIGH:
$22.00
LOW:
$11.00
MEDIAN:
$16.50
CONSENSUS:
$16.50
UPSIDE:
300.49%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 14.5 | 13.4 | 21.0 | 0 | 0 | 0 |
| Gross Profit | (14.5) | (13.4) | (21.0) | 0 | 0 | 0 |
| Operating Expenses | ||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 176.2 | 325.0 | 12.8 | 0 | 1.7 | 0 |
| Other Expenses | 217.6 | 0 | 60.7 | 6.2 | 0 | 0 |
| Operating Expenses | 393.8 | 325.0 | 73.5 | 6.2 | 1.7 | 0 |
| Operating Income | ||||||
| Operating Income | (408.3) | (338.4) | (94.5) | (6.2) | (1.7) | 0 |
| Interest Expense | 88.2 | 67.3 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 4.4 | 4.0 | 0.0 | 0 |
| Profitability | ||||||
| EBITDA | (297.4) | (548.4) | (72.7) | (1.8) | 4.3 | (0.0) |
| EBIT | (310.2) | (561.8) | (93.7) | (1.8) | 4.3 | (0.0) |
| Income Before Tax | (398.5) | (629.1) | (93.7) | (1.8) | 4.3 | (0.0) |
| Income Tax Expense | 11.7 | (0.0) | 0 | 0.8 | 0 | 0 |
| Net Income | (410.2) | (629.1) | (93.7) | (2.6) | 4.3 | (0.0) |
| Per Share Data | ||||||
| EPS (Basic) | -4.18 | -7.04 | -2.11 | -0.07 | 0.12 | -0.00 |
| EPS (Diluted) | -4.18 | -7.04 | -2.11 | -0.07 | 0.12 | -0.00 |
| Shares Outstanding | 98.2 | 89.3 | 44.4 | 35.9 | 35.9 | 2.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 97.7 | 300.4 | 0.3 | 0.1 | 0.3 | 0.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 12.1 | 15.3 | 16.2 | 0 | 0 | 0 |
| Other Current Assets | 25.9 | 35.4 | (0.1) | 0 | 0 | 0.3 |
| Total Current Assets | 135.7 | 355.3 | 16.2 | 0.2 | 0.8 | 0.3 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 0 | 1,211.7 | 689.0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 290.7 | 287.5 | 0 |
| Other Non-Current Assets | 1,605.1 | 16.2 | 6.4 | 290.7 | 0.1 | 0 |
| Total Non-Current Assets | 1,605.1 | 1,227.9 | 695.4 | 290.7 | 287.6 | 0 |
| Total Assets | 1,740.8 | 1,583.2 | 711.6 | 290.9 | 288.4 | 0.3 |
| Current Liabilities | ||||||
| Account Payables | 25.2 | 16.8 | 3.2 | 1.7 | 0.3 | 0.2 |
| Short-Term Debt | 921.6 | 0 | 7.5 | 1.8 | 1.0 | 0.0 |
| Deferred Revenue | 0 | 0 | 0 | (4.3) | 0 | 0 |
| Other Current Liabilities | 0 | 35.0 | (7.5) | 7.3 | 0 | 0 |
| Total Current Liabilities | 1,023.4 | 120.7 | 17.9 | 6.7 | 1.2 | 0.3 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 0 | 833.5 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 12.8 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 150.9 | 227.8 | 349.1 | 12.1 | 12.6 | 0 |
| Total Non-Current Liabilities | 183.1 | 1,078.3 | 354.7 | 12.1 | 12.6 | 0 |
| Total Liabilities | 1,206.5 | 1,199.0 | 372.6 | 18.9 | 13.9 | 0.3 |
| Stockholders' Equity | ||||||
| Common Stock | 0.0 | 0.0 | 63.5 | 290.3 | 287.5 | 0.0 |
| Retained Earnings | (1,108.5) | (698.3) | (55.6) | (18.3) | (12.9) | (0.0) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 534.3 | 384.2 | 339.0 | 272.0 | 274.6 | 0.0 |
| Total Liabilities & Equity | 1,740.8 | 1,583.2 | 711.6 | 290.9 | 288.4 | 0.3 |
| Debt Metrics | ||||||
| Total Debt | 943.4 | 851.4 | 14.2 | 1.8 | 1.0 | 0.0 |
| Net Debt | 845.7 | 551.1 | 14.2 | 1.7 | 0.6 | 0.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | (410.2) | (629.1) | (32.2) | (2.6) | 4.3 | (0.0) |
| Depreciation & Amortization | 14.5 | 13.4 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 42.7 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (9.4) | 38.9 | 2.0 | 5.2 | (0.3) | 0.0 |
| Other Non-Cash Items | (1.0) | 389.7 | 26.3 | (4.3) | (6.0) | 0 |
| Operating Cash Flow | (351.7) | (187.1) | (3.8) | (1.7) | (2.0) | (0.0) |
| Investing Activities | ||||||
| Capital Expenditure | (417.6) | (72.3) | 0.0 | 0 | 0 | (0.0) |
| Acquisitions | 0 | (203.9) | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 231.6 | 0.8 | (287.5) | 0 |
| Investing Cash Flow | (417.6) | (276.2) | 231.6 | 0.8 | (287.5) | 0 |
| Financing Activities | ||||||
| Net Debt Issuance | 0 | (19.9) | 2.6 | 0.7 | 1.1 | 0.0 |
| Stock Repurchased | 0 | 0 | (230.1) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 7.0 | 0 |
| Financing Cash Flow | 531.2 | 745.8 | (227.6) | 0.7 | 289.8 | 0.0 |
| Cash Position | ||||||
| Net Change in Cash | (238.1) | 335.5 | 0.2 | (0.2) | 0.3 | 0.0 |
| Cash at Beginning | 335.8 | 0.3 | 0.1 | 0.3 | 0.0 | 0 |
| Cash at End | 97.7 | 335.8 | 0.3 | 0.1 | 0.3 | 0.0 |
| Free Cash Flow | (769.3) | (259.4) | (3.8) | (1.7) | (2.0) | (0.0) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | (14.5) | (13.4) | (21.0) | 0 | 0 | 0 |
| Operating Income | (408.3) | (338.4) | (94.5) | (6.2) | (1.7) | 0 |
| Net Income | (410.2) | (629.1) | (93.7) | (2.6) | 4.3 | (0.0) |
| EPS (Diluted) | -4.18 | -7.04 | -2.11 | -0.07 | 0.12 | -0.00 |
| Balance Sheet | ||||||
| Cash & Equivalents | 97.7 | 300.4 | 0.3 | 0.1 | 0.3 | 0.0 |
| Total Assets | 1,740.8 | 1,583.2 | 711.6 | 290.9 | 288.4 | 0.3 |
| Total Debt | 943.4 | 851.4 | 14.2 | 1.8 | 1.0 | 0.0 |
| Stockholders' Equity | 534.3 | 384.2 | 339.0 | 272.0 | 274.6 | 0.0 |
| Cash Flow | ||||||
| Operating Cash Flow | (351.7) | (187.1) | (3.8) | (1.7) | (2.0) | (0.0) |
| Capital Expenditure | (417.6) | (72.3) | 0.0 | 0 | 0 | (0.0) |
| Free Cash Flow | (769.3) | (259.4) | (3.8) | (1.7) | (2.0) | (0.0) |