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Bonheur ASAOB:BONHR Stock Report

Market Cap NOK 9.7b
Share Price
NOK 228.00
NOK 327
30.3% undervalued intrinsic discount
1Y3.2%
7D0.2%
1D
Portfolio Value
View

Bonheur ASA

OB:BONHR Stock Report

Market Cap: NOK 9.7b

Bonheur (BONHR) Stock Overview

Engages in the renewable energy, wind service, and cruise businesses in the United Kingdom, Germany, the Netherlands, France, Norway, Europe, Asia, the Americas, Africa, and Internationally. More details

BONHR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

BONHR Community Fair Values

Create Narrative

See what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.

Bonheur ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Bonheur
Historical stock prices
Current Share PriceNOK 228.00
52 Week HighNOK 280.00
52 Week LowNOK 209.00
Beta0.54
1 Month Change-12.48%
3 Month Change-4.60%
1 Year Change3.17%
3 Year Change-14.45%
5 Year Change-6.17%
Change since IPO427.17%

Recent News & Updates

Narrative Update Jun 05

BONHR: Lower Discount Rate And Higher P/E Expectation Will Support Repricing

Analysts have lifted their price target for Bonheur from NOK 307.67 to NOK 327.00. This reflects updated assumptions around discount rates, revenue trends, profit margins and a higher future P/E multiple.
Analysis Article May 15

Bonheur ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Last week, you might have seen that Bonheur ASA ( OB:BONHR ) released its quarterly result to the market. The early...
Analysis Article May 08

Concerns Surrounding Bonheur's (OB:BONHR) Performance

The recent earnings posted by Bonheur ASA ( OB:BONHR ) were solid, but the stock didn't move as much as we expected. We...

Recent updates

Narrative Update Jun 05

BONHR: Lower Discount Rate And Higher P/E Expectation Will Support Repricing

Analysts have lifted their price target for Bonheur from NOK 307.67 to NOK 327.00. This reflects updated assumptions around discount rates, revenue trends, profit margins and a higher future P/E multiple.
Analysis Article May 15

Bonheur ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Last week, you might have seen that Bonheur ASA ( OB:BONHR ) released its quarterly result to the market. The early...
Analysis Article May 08

Concerns Surrounding Bonheur's (OB:BONHR) Performance

The recent earnings posted by Bonheur ASA ( OB:BONHR ) were solid, but the stock didn't move as much as we expected. We...
Narrative Update May 03

BONHR: Lower Discount Rate And Dividend Outlook Will Shape Measured Future Returns

Analysts have raised their price target on Bonheur from NOK 285 to NOK 295, citing slightly revised assumptions for the discount rate, revenue trends, profit margins and future P/E ratio, which together support a modestly higher valuation range. What's in the News Bonheur ASA announced an annual dividend of NOK 7.30 per share.
Narrative Update Apr 18

BONHR: Lower Discount Rate And Higher P/E Will Support Upside Potential

Analysts have kept the fair value estimate for Bonheur unchanged at NOK 330. They have updated their assumptions to reflect higher modelled revenue growth, a lower discount rate of 8.34% and a P/E of 15.37, along with a slightly lower projected profit margin of 9.05%.
Narrative Update Apr 04

BONHR: Steady Dividend Outlook Will Support A More Positive Share Repricing

Analysts have kept their NOK 307.67 price target for Bonheur effectively unchanged, with only small model tweaks such as a slightly higher discount rate and an almost flat assumed future P/E feeding into the updated view. What's in the News An annual dividend of NOK 7.30 per share has been announced, with payment scheduled for June 5, 2026, an ex-dividend date of May 28, 2026, and a record date of May 29, 2026 (Key Developments).
Narrative Update Mar 20

BONHR: Lower Discount Rate And Dividend Outlook Will Support More Optimistic Shares

Analysts have raised their price target on Bonheur to about NOK 308 from roughly NOK 296, reflecting updated assumptions around discount rates, profit margins, and a higher future P/E multiple, despite more cautious revenue growth inputs. What's in the News Bonheur ASA announced an annual dividend of NOK 7.30 per share, with payment scheduled for June 5, 2026 (Key Developments).
Narrative Update Mar 06

BONHR: Lower Discount Rate And Dividend Outlook Will Support Future Upside

The analyst price target for Bonheur has increased from NOK 250 to NOK 285. Analysts attribute this change to updated fair value assumptions, a slightly lower discount rate, modestly adjusted profit margin expectations and a higher future P/E estimate supporting the new view.
Narrative Update Feb 20

BONHR: Higher Future P/E Will Support Strong Upside Potential

Analysts have kept their NOK 330.00 price target for Bonheur unchanged, citing only modest adjustments in discount rate, revenue growth, profit margin and future P/E assumptions that offset each other in their valuation work. Valuation Changes Fair Value: NOK 330.00 remains unchanged, with the updated assumptions offsetting each other in the model.
Narrative Update Feb 06

BONHR: Higher Margin Outlook Will Support A More Optimistic Share Price

Analysts have lifted their fair value estimate for Bonheur from NOK 263.50 to about NOK 296.33, citing updated assumptions on revenue growth, profit margin and future P/E, which together support a higher price target. Valuation Changes Fair Value Estimate was raised from NOK 263.50 to NOK 296.33, implying a higher assessed worth per share.
Narrative Update Jan 22

BONHR: Higher Future P/E Will Support Strong Upside Potential

Analysts have maintained their fair value estimate for Bonheur at NOK 330.00 per share. They cite a balance between slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E that, in their view, result in a similar overall valuation outcome.
Narrative Update Jan 08

BONHR: Higher Future P/E Will Drive Strong Upside Potential

Analysts have lifted their price target on Bonheur from €290.00 to €330.00, citing updated assumptions for slightly lower discount rates, adjusted revenue growth expectations, a refined profit margin outlook, and a higher future P/E multiple in their models. Valuation Changes Fair Value: raised from €290.00 to €330.00, representing a moderate upward revision to the overall valuation range used in the analysis.
Narrative Update Dec 16

BONHR: Stronger Margins And Revenue Outlook Will Drive Future Upside Potential

Analysts have lowered their fair value estimate for Bonheur from NOK 380 to NOK 290, citing a preference for using a more conservative valuation multiple despite improving expectations for revenue growth and profit margins. Valuation Changes The Fair Value Estimate has fallen significantly from NOK 380 to NOK 290, implying a more conservative assessment of Bonheur's long-term intrinsic value.
Narrative Update Sep 19

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

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.
Narrative Update Aug 21

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

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.
Analysis Article Jul 18

Bonheur's (OB:BONHR) Shareholders May Want To Dig Deeper Than Statutory Profit

Bonheur ASA's ( OB:BONHR ) robust recent earnings didn't do much to move the stock. However the statutory profit number...
Analysis Article May 23

Bonheur's (OB:BONHR) Shareholders Will Receive A Bigger Dividend Than Last Year

Bonheur ASA ( OB:BONHR ) has announced that it will be increasing its dividend from last year's comparable payment on...
Analysis Article May 03

Earnings Update: Bonheur ASA (OB:BONHR) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

It's been a good week for Bonheur ASA ( OB:BONHR ) shareholders, because the company has just released its latest...
Analysis Article Apr 30

Bonheur (OB:BONHR) Is Increasing Its Dividend To NOK6.75

The board of Bonheur ASA ( OB:BONHR ) has announced that it will be paying its dividend of NOK6.75 on the 3rd of June...
Analysis Article Apr 05

Why Bonheur ASA (OB:BONHR) Could Be Worth Watching

While Bonheur ASA ( OB:BONHR ) might not have the largest market cap around , it received a lot of attention from a...
Analysis Article Mar 04

Bonheur (OB:BONHR) Is Increasing Its Dividend To NOK6.75

The board of Bonheur ASA ( OB:BONHR ) has announced that the dividend on 3rd of June will be increased to NOK6.75...
Analysis Article Mar 03

The Bonheur ASA (OB:BONHR) Full-Year Results Are Out And Analysts Have Published New Forecasts

Shareholders might have noticed that Bonheur ASA ( OB:BONHR ) filed its full-year result this time last week. The early...
User avatar
New Narrative Feb 21

Development Of Codling Wind Park And Increased Cruise Bookings May Balance Operational Hurdles And Analysts' Skepticism

Renewable segment growth is anticipated from power generation increase and higher electricity prices, driven by high winds and geopolitical issues.
Analysis Article Jan 23

Bonheur (OB:BONHR) Is Experiencing Growth In Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Dec 02

An Intrinsic Calculation For Bonheur ASA (OB:BONHR) Suggests It's 42% Undervalued

Key Insights Using the 2 Stage Free Cash Flow to Equity, Bonheur fair value estimate is kr478 Bonheur's kr276 share...
Analysis Article Nov 13

Bonheur (OB:BONHR) Seems To Use Debt Quite Sensibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jul 19

Bonheur's (OB:BONHR) Conservative Accounting Might Explain Soft Earnings

Bonheur ASA's ( OB:BONHR ) stock was strong despite it releasing a soft earnings report last week. We think that...
Analysis Article Jul 14

Bonheur ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Bonheur ASA ( OB:BONHR ) just released its quarterly report and things are looking bullish. Statutory earnings...
Analysis Article Jul 13

Bonheur (OB:BONHR) Has A Pretty Healthy Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article May 06

Bonheur ASA Just Missed EPS By 28%: Here's What Analysts Think Will Happen Next

As you might know, Bonheur ASA ( OB:BONHR ) last week released its latest first-quarter, and things did not turn out so...
Analysis Article Apr 26

Bonheur (OB:BONHR) Is Increasing Its Dividend To NOK6.00

The board of Bonheur ASA ( OB:BONHR ) has announced that it will be paying its dividend of NOK6.00 on the 4th of June...
Analysis Article Apr 11

Why Bonheur ASA (OB:BONHR) Could Be Worth Watching

While Bonheur ASA ( OB:BONHR ) might not have the largest market cap around , it received a lot of attention from a...
Analysis Article Mar 26

Bonheur (OB:BONHR) Might Have The Makings Of A Multi-Bagger

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Analysis Article Feb 21

Earnings Miss: Bonheur ASA Missed EPS By 6.2% And Analysts Are Revising Their Forecasts

Investors in Bonheur ASA ( OB:BONHR ) had a good week, as its shares rose 6.0% to close at kr213 following the release...
Analysis Article Dec 25

Bonheur ASA's (OB:BONHR) Shares Lagging The Market But So Is The Business

When close to half the companies in Norway have price-to-earnings ratios (or "P/E's") above 11x, you may consider...
Analysis Article Dec 08

What Does Bonheur ASA's (OB:BONHR) Share Price Indicate?

While Bonheur ASA ( OB:BONHR ) might not be the most widely known stock at the moment, it saw a double-digit share...
Analysis Article Nov 23

Bonheur (OB:BONHR) Has A Somewhat Strained Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Sep 10

Bonheur (OB:BONHR) Is Looking To Continue Growing Its Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Analysis Article Aug 19

Here's Why Bonheur (OB:BONHR) Can Manage Its Debt Responsibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

BONHRNO IndustrialsNO Market
7D0.2%4.5%-2.1%
1Y3.2%21.2%10.7%

Return vs Industry: BONHR underperformed the Norwegian Industrials industry which returned 19.8% over the past year.

Return vs Market: BONHR underperformed the Norwegian Market which returned 10.8% over the past year.

Price Volatility

Is BONHR's price volatile compared to industry and market?
BONHR volatility
BONHR Average Weekly Movement3.8%
Industrials Industry Average Movement4.9%
Market Average Movement5.3%
10% most volatile stocks in NO Market11.0%
10% least volatile stocks in NO Market3.1%

Stable Share Price: BONHR has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: BONHR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18482,402Anette Olsenwww.bonheur.no

Bonheur ASA, together with its subsidiaries, engages in the renewable energy, wind service, and cruise businesses in the United Kingdom, Germany, the Netherlands, France, Norway, Europe, Asia, the Americas, Africa, and Internationally. The company operates through four segments: Renewable Energy, Wind Service, Cruise, and Other Investments. The Renewable Energy segment develops, constructs, and operates wind farms with an installed capacity of 804.9 megawatts (MW).

Bonheur ASA Fundamentals Summary

How do Bonheur's earnings and revenue compare to its market cap?
BONHR fundamental statistics
Market capNOK 9.70b
Earnings (TTM)NOK 1.56b
Revenue (TTM)NOK 12.47b
6.2x
P/E Ratio
0.8x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BONHR income statement (TTM)
RevenueNOK 12.47b
Cost of RevenueNOK 1.12b
Gross ProfitNOK 11.34b
Other ExpensesNOK 9.78b
EarningsNOK 1.56b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 09, 2026

Earnings per share (EPS)36.62
Gross Margin90.98%
Net Profit Margin12.50%
Debt/Equity Ratio62.3%

How did BONHR perform over the long term?

See historical performance and comparison

Dividends

3.2%
Current Dividend Yield
22%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/17 05:30
End of Day Share Price 2026/06/17 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bonheur ASA is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Hans Rettedal ChristiansenCarnegie Investment Bank AB
Helene BrondboDNB Carnegie