Windy Standard III And Crystal Rig IV Investments Will Proceed, But Analysts Predict Earnings Decline

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

21 Feb 25

Updated

19 Sep 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-18.7%

7D

2.1%

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1Y

-18.7%

7D

2.1%

You can edit this narrative until Sep 20 10:15 AM. Then, changes will post as Updates.

Author's Valuation

NOK 263.515.0% undervalued

AnalystConsensusTarget Fair Value

Shared on 19 Sep 25

Fair value Increased 5.40%

Despite a material reduction in Bonheur’s consensus revenue growth forecasts, the fair value has increased to NOK263.50 as the market now assigns a higher future earnings multiple. Valuation Changes Summary of Valuation Changes for Bonheur The Consensus Analyst Price Target has risen from NOK250.00 to NOK263.50.

Shared on 21 Aug 25

Fair value Decreased 21%

The sharp reduction in Bonheur’s future P/E multiple signals diminished earnings growth expectations, driving the consensus Analyst Price Target down from NOK315.00 to NOK250.00. Valuation Changes Summary of Valuation Changes for Bonheur The Consensus Analyst Price Target has significantly fallen from NOK315.00 to NOK250.00.

Shared on 01 May 25

Fair value Decreased 7.02%

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 0.55%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 13 Mar 25

Fair value Increased 8.15%

AnalystConsensusTarget has increased revenue growth from -1.5% to -0.2%, increased profit margin from 4.4% to 6.2% and decreased future PE multiple from 30.6x to 20.8x.

AnalystConsensusTarget Fair Value

NOK 263.5

15.0% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

0.67%

Industrials revenue growth rate

0.17%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.59%

Calculation

NOK 946.94m

Earnings '28

x

14.98x

PE Ratio '28

=

NOK 14.19b

Market Cap '28

NOK 14.19b

Market Cap '28

/

42.53m

No. shares '28

=

NOK 333.62

Share Price '28

NOK 333.62 Share Price '28

Discounted to 2025 @ 8.64% p.a.

=

NOK 260.20

Fair Value '25