Viridien SA VIRDY

EnergyOil & Gas Related Equipment and ServicesFrance

Last close 107.81 USD on Nov 2, 2026, −0.4% year to date

Quant rating

Quant rating D Rank 91 of 113 in Energy

Growth C 75 of 113
Valuation B 40 of 113
Quality C 61 of 113
Revisions D 91 of 113
Momentum C 68 of 113

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 758M
Enterprise value: 1.6B
52-week range: 86.47 – 183.35
3-year range: 35.65 – 183.35
Dividend yield: –
Beta (5 years): 0.56
Shares outstanding: 7.2M
Next earnings: –

About the company

Viridian SA is a France-based company that engages in geophysical services and products to oil and gas companies. The Company provides the provision of geophysical services such as recording, processing and interpretation of land and marine seismic data. It provides manufacturing of seismic equipment like recording and transmission devices, seismic data acquisition vibrators, sensors, data processing, interpretation software. It is a global technology and High-Performance Computing (HPC) controller that provide data, products, services and solutions in Earth science, data science, sensing and monitoring. Its portfolio supports clients in sectors such as digital, energy transition, natural resource, and environmental. Along with the current business, it also concentrates on low carbon markets, minerals, mining, as well as the infrastructure monitoring and computing markets outside of oil and gas.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,071	1,211	1,076	927	1,063	–
Revenue growth	−11.6%	12.6%	16.0%	−12.8%	19.9%	3.8%
EPS (basic, normalized)	9.85	6.93	0.00	7.00	−25.00	–
EPS growth	42.1%	–	–	–	–	–
Gross margin	32.7%	28.1%	24.0%	29.4%	19.7%	26.8%
Net margin	6.4%	2.9%	0.1%	5.1%	−17.1%	−0.5%
ROE	6.2%	3.3%	0.1%	4.8%	−17.5%	−0.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	172
Current ratio	1.64x
Long-term debt (mil)	957
Net debt (mil)	874
Total equity (mil)	1,105
Net debt / equity	0.79x
Net debt / EBITDA	1.90x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	1,071	−11.6%	1.5x	461	–	3.5x	9.85	+42.1%	10.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	–	–	–	–	–	–	–	–
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	FQ-5	FQ-4	Sep 2025	Dec 2025	FQ-1	Jun 2026
Sales reported (mil)	249	317	219	427	258	234	266	312	200	336
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	−0.10	4.00	0.00	3.98	–	–	5.69	7.28	–	−3.83
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

Peer comparison Oil & Gas Related Equipment and Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
VIRDY Viridien SA	758M	1.90x	6.4%	0.70x	–	–	–	–
SUBC Subsea 7 S.A.	10.4B	−0.11x	5.8%	2.37x	13.0x	12.5x	5.6x	5.4x
SLB SLB N.V.	77.2B	1.29x	9.4%	2.96x	21.3x	16.9x	10.9x	9.6x
SPMI Saipem SpA	9.8B	–	2.0%	3.69x	30.1x	14.9x	5.3x	4.5x
AROC Archrock, Inc.	5.3B	2.60x	21.4%	3.43x	17.6x	14.1x	8.8x	8.1x
SEI Solaris Energy Infrastructure, Inc.	5.2B	7.70x	4.6%	5.33x	41.1x	20.4x	16.0x	8.0x
Mean		2.68x	8.3%	3.08x	24.6x	15.8x	9.3x	7.1x
Median		1.90x	6.1%	3.19x	21.3x	14.9x	8.8x	8.0x

Technical analysis

1M+6.7%
3M+19.7%
1Y−10.9%
3Y+54.0%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Viridien SA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	1,071	1,211	1,076	927	1,063	887
Cost of revenue	721	871	817	655	853	726
Gross profit	350	340	258	272	210	160
Selling, general & administrative expenses	111	120	112	97.8	92.8	100
Research & development	−18.8	−15.5	−16.8	−21.3	−29.6	−41.0
Interest expense (income), operating	−0.5	−0.7	1.5	7.1	−1.9	−0.7
Unusual expense (income)	0.4	40.6	−0.4	−33.0	125	213
Other operating expenses	20.4	52.3	43.2	40.3	46.6	61.5
Operating income	237	144	119	182	−23.2	−173
Net interest income (expense)	−116	−95.2	−96.3	−96.9	−124	−138
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−29.6	1.8	−2.8	−1.2	−39.1	−35.7
Net income before taxes	91.9	50.1	19.9	83.5	−186	−347
Provision for taxes	22.5	13.4	14.0	17.2	−4.4	29.3
Minority interest	−0.3	−1.0	−3.3	−0.2	−0.5	−3.7
Equity in affiliates	−0.8	−0.5	−2.0	−18.5	0.1	−31.8
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	68.3	35.2	0.6	47.6	−182	−412
Extraordinary items	2.9	14.7	12.3	−4.5	1.6	−28.9
Net income	71.2	49.9	12.9	43.1	−180	−440
EBIT, normalized	237	183	120	169	100	39.3
EBITDA, normalized	469	564	365	413	480	366
Basic EPS, normalized	9.85	6.93	0.00	7.00	−25.00	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Viridien SA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	173	302	327	298	321	399
Receivables	385	389	378	421	484	477
Total inventory	164	163	213	257	197	238
Prepaid expenses	23.0	5.6	11.7	11.5	8.8	5.8
Other current assets	29.4	66.5	44.6	28.9	31.4	111
Total current assets	775	926	974	1,017	1,043	1,231
Property, plant & equipment	227	221	206	167	212	268
Goodwill	1,092	1,083	1,096	1,089	1,084	1,186
Intangibles	572	535	580	554	521	639
Long-term investments	30.3	26.8	24.9	29.1	44.4	41.5
Note receivable	0.1	–	–	0.1	1.5	0.7
Other long-term assets	53.4	52.5	36.7	32.4	19.6	10.3
Total assets	2,750	2,844	2,917	2,889	2,925	3,378
Liabilities
Accounts payable	66.5	121	86.4	92.0	76.4	96.7
Payable/accrued	–	–	–	–	–	–
Accrued expenses	142	141	130	142	166	152
Short-term debt	0	0	0	0	0	0.2
Current portion of long-term debt	38.5	38.5	38.6	40.7	69.8	46.2
Other current liabilities	286	206	296	279	273	422
Total current liabilities	533	507	550	554	585	717
Long-term debt	1,005	1,166	1,243	1,189	1,218	1,330
Minority interest	37.8	38.1	41.5	39.5	43.7	44.9
Other liabilities	44.3	48.9	59.2	87.5	115	166
Total liabilities	1,620	1,760	1,894	1,870	1,962	2,258
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	8.8	8.7	8.7	8.7	8.7	8.7
Additional paid-in capital	119	119	119	119	464	1,687
Retained earnings (accumulated deficit)	1,110	1,092	1,008	1,018	575	−518
Treasury stock	−20.1	−20.1	−20.1	−20.1	−20.1	−20.1
Other equity	−87.5	−114	−92.2	−106	−65.0	−38.1
Total equity	1,130	1,085	1,023	1,019	963	1,120
Total liabilities & shareholders' equity	2,750	2,844	2,917	2,889	2,925	3,378

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Viridien SA, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	71.4	50.8	16.2	43.3	−180	−438
Depreciation, depletion & amortization	236	386	245	264	507	478
Deferred taxes	–	–	–	–	–	–
Non-cash items	136	113	64.3	67.2	61.5	195
Changes in working capital	32.9	−73.6	60.2	−50.5	−88.0	−43.5
Cash from operations	477	476	385	324	301	192
Investing activities
Capital expenditures	−207	−285	−232	−260	−227	−303
Other investing cash flows	17.5	−1.0	−0.5	60.9	88.1	13.5
Cash from investing	−190	−286	−232	−199	−139	−290
Financing activities
Financing cash flow items	−122	−89.4	−91.6	−93.3	−93.4	−87.4
Cash dividends paid	0	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−299	−115	−34.8	−35.8	−124	−60.6
Cash from financing	−421	−204	−126	−129	−218	−148
Foreign exchange effects	5.2	−11.0	2.6	−16.8	−10.5	20.7
Net change in cash	−129	−25.3	29.0	−21.2	−66.2	−225
Free cash flow	269	191	153	63.8	73.8	−111

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.