View ValuationBorgestad 将来の成長Future 基準チェック /46Borgestad利益と収益がそれぞれ年間5.3%と2.6%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に5% 41.1%なると予測されています。主要情報5.3%収益成長率41.09%EPS成長率Basic Materials 収益成長17.4%収益成長率2.6%将来の株主資本利益率5.00%アナリストカバレッジLow最終更新日04 Mar 2026今後の成長に関する最新情報Major Estimate Revision • Feb 25Consensus EPS estimates fall from profit to kr0.49 lossThe consensus outlook for fiscal year 2025 has been updated. Expected to report loss instead of -kr0.49 instead of kr0.59 per share profit previously forecast. Revenue forecast unchanged at kr1.13b Basic Materials industry in Norway expected to see average net income growth of 26% next year. Consensus price target of kr24.00 unchanged from last update. Share price was steady at kr18.05 over the past week.Major Estimate Revision • Sep 03Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr1.13b to kr1.11b. EPS estimate also fell from kr1.08 per share to kr0.81 per share. Net income forecast to grow 1,685% next year vs 32% growth forecast for Basic Materials industry in Norway. Consensus price target of kr24.00 unchanged from last update. Share price was steady at kr17.85 over the past week.Price Target Changed • Aug 15Price target increased by 9.1% to kr24.00Up from kr22.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of kr20.70. Stock is up 31% over the past year. The company is forecast to post earnings per share of kr1.08 for next year compared to kr1.29 last year.Price Target Changed • Jun 03Price target decreased by 8.3% to kr22.00Down from kr24.00, the current price target is provided by 1 analyst. New target price is 31% above last closing price of kr16.85. Stock is up 5.6% over the past year. The company is forecast to post earnings per share of kr3.68 for next year compared to kr1.29 last year.Major Estimate Revision • May 20Consensus EPS estimates increase by 187%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from kr1.26b to kr1.20b. EPS estimate rose from kr1.42 to kr4.08. Net income forecast to grow 320% next year vs 19% growth forecast for Basic Materials industry in Norway. Consensus price target of kr24.00 unchanged from last update. Share price was steady at kr17.90 over the past week.Major Estimate Revision • Nov 20Consensus EPS estimates fall by 68%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from kr1.15b to kr1.18b. EPS estimate fell from kr4.09 to kr1.31 per share. Net income forecast to grow 2,613% next year vs 15% growth forecast for Basic Materials industry in Norway. Consensus price target up from kr23.00 to kr24.00. Share price rose 2.8% to kr18.50 over the past week.すべての更新を表示Recent updatesReported Earnings • Feb 27Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: kr0.04 loss per share (down from kr1.29 profit in FY 2024). Revenue: kr1.13b (down 1.3% from FY 2024). Net loss: kr1.55m (down 103% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 92%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, while revenues in the Basic Materials industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.Major Estimate Revision • Feb 25Consensus EPS estimates fall from profit to kr0.49 lossThe consensus outlook for fiscal year 2025 has been updated. Expected to report loss instead of -kr0.49 instead of kr0.59 per share profit previously forecast. Revenue forecast unchanged at kr1.13b Basic Materials industry in Norway expected to see average net income growth of 26% next year. Consensus price target of kr24.00 unchanged from last update. Share price was steady at kr18.05 over the past week.お知らせ • Dec 16Borgestad ASA, Annual General Meeting, May 22, 2026Borgestad ASA, Annual General Meeting, May 22, 2026.分析記事 • Dec 12The Return Trends At Borgestad (OB:BOR) Look PromisingThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...分析記事 • Nov 07We Think You Can Look Beyond Borgestad's (OB:BOR) Lackluster EarningsSoft earnings didn't appear to concern Borgestad ASA's ( OB:BOR ) shareholders over the last week. We think that the...New Risk • Nov 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 2.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (202% payout ratio). Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (kr641.6m market cap, or US$63.3m).Reported Earnings • Nov 02Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: kr0.86 (up from kr0.66 in 3Q 2024). Revenue: kr353.5m (down 1.8% from 3Q 2024). Net income: kr30.1m (up 29% from 3Q 2024). Profit margin: 8.5% (up from 6.5% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 146%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.お知らせ • Sep 12Borgestad ASA to Report Fiscal Year 2025 Results on Apr 30, 2026Borgestad ASA announced that they will report fiscal year 2025 results on Apr 30, 2026Major Estimate Revision • Sep 03Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr1.13b to kr1.11b. EPS estimate also fell from kr1.08 per share to kr0.81 per share. Net income forecast to grow 1,685% next year vs 32% growth forecast for Basic Materials industry in Norway. Consensus price target of kr24.00 unchanged from last update. Share price was steady at kr17.85 over the past week.分析記事 • Aug 27We Think Borgestad (OB:BOR) Is Taking Some Risk With Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Aug 22Second quarter 2025 earnings released: kr0.05 loss per share (vs kr0.54 profit in 2Q 2024)Second quarter 2025 results: kr0.05 loss per share (down from kr0.54 profit in 2Q 2024). Revenue: kr316.2m (down 6.1% from 2Q 2024). Net loss: kr1.59m (down 107% from profit in 2Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.お知らせ • Aug 21+ 3 more updatesBorgestad ASA to Report First Half, 2026 Results on Aug 14, 2026Borgestad ASA announced that they will report first half, 2026 results on Aug 14, 2026Price Target Changed • Aug 15Price target increased by 9.1% to kr24.00Up from kr22.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of kr20.70. Stock is up 31% over the past year. The company is forecast to post earnings per share of kr1.08 for next year compared to kr1.29 last year.分析記事 • Jul 16Cautious Investors Not Rewarding Borgestad ASA's (OB:BOR) Performance CompletelyIt's not a stretch to say that Borgestad ASA's ( OB:BOR ) price-to-sales (or "P/S") ratio of 0.6x right now seems quite...お知らせ • Jun 18Borgestad ASA (OB:BOR) entered into an agreement to acquire Emcotech Ab for SEK 20.5 million.Borgestad ASA (OB:BOR) entered into an agreement to acquire Emcotech Ab for SEK 20.5 million on June 17, 2025. A cash consideration of SEK 10.5 million will be paid by Borgestad ASA. Borgestad ASA will pay an earnout/contingent payment of SEK 10 million cash. As part of consideration, SEK 20.5 million is paid towards common equity of Emcotech Ab. The transaction will be financed through loan commitments from Nordea, consisting of a mortgage facility of SEK 9 million and an overdraft facility of SEK 10 million. For the period ending December 31, 2024, Emcotech Ab reported total revenue of SEK 45.4 million and EBITDA of SEK 6.4 million. Closing of the transaction is expected by the end of June 2025, subject to certain customary closing conditions.Price Target Changed • Jun 03Price target decreased by 8.3% to kr22.00Down from kr24.00, the current price target is provided by 1 analyst. New target price is 31% above last closing price of kr16.85. Stock is up 5.6% over the past year. The company is forecast to post earnings per share of kr3.68 for next year compared to kr1.29 last year.お知らせ • May 28Borgestad ASA Approves DividendBorgestad ASA at its Annual general meeting held on May 28, 2025, approved to distribute a dividend of NOK 0.80 per share. Ex. date: 30 May 2025.Reported Earnings • May 23First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: kr0.50 loss per share (further deteriorated from kr0.079 loss in 1Q 2024). Revenue: kr206.5m (down 7.3% from 1Q 2024). Net loss: kr17.6m (loss widened kr14.8m from 1Q 2024). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 23Upcoming dividend of kr0.80 per shareEligible shareholders must have bought the stock before 30 May 2025. Payment date: 05 June 2025. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Norwegian dividend payers (9.1%). Higher than average of industry peers (2.9%).New Risk • May 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 31% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (kr599.6m market cap, or US$58.8m).分析記事 • May 22Increases to Borgestad ASA's (OB:BOR) CEO Compensation Might Cool off for nowKey Insights Borgestad's Annual General Meeting to take place on 28th of May CEO Pal Larsen's total compensation...Major Estimate Revision • May 20Consensus EPS estimates increase by 187%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from kr1.26b to kr1.20b. EPS estimate rose from kr1.42 to kr4.08. Net income forecast to grow 320% next year vs 19% growth forecast for Basic Materials industry in Norway. Consensus price target of kr24.00 unchanged from last update. Share price was steady at kr17.90 over the past week.New Risk • Mar 09New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 4.6% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (kr615.3m market cap, or US$56.7m).Reported Earnings • Mar 02Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: kr1.29 (up from kr9.21 loss in FY 2023). Revenue: kr1.17b (up 5.7% from FY 2023). Net income: kr45.2m (up kr123.5m from FY 2023). Profit margin: 3.9% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings.お知らせ • Mar 01Borgestad ASA announces Annual dividend, payable on June 05, 2025Borgestad ASA announced Annual dividend of NOK 0.8000 per share payable on June 05, 2025, ex-date on May 30, 2025 and record date on June 02, 2025.分析記事 • Nov 22There May Be Underlying Issues With The Quality Of Borgestad's (OB:BOR) EarningsBorgestad ASA ( OB:BOR ) just reported some strong earnings, and the market reacted accordingly with a healthy uplift...Major Estimate Revision • Nov 20Consensus EPS estimates fall by 68%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from kr1.15b to kr1.18b. EPS estimate fell from kr4.09 to kr1.31 per share. Net income forecast to grow 2,613% next year vs 15% growth forecast for Basic Materials industry in Norway. Consensus price target up from kr23.00 to kr24.00. Share price rose 2.8% to kr18.50 over the past week.Price Target Changed • Nov 19Price target increased by 9.1% to kr24.00Up from kr22.00, the current price target is provided by 1 analyst. New target price is 27% above last closing price of kr18.90. Stock is up 44% over the past year. The company is forecast to post earnings per share of kr1.31 next year compared to a net loss per share of kr9.21 last year.お知らせ • Nov 19Borgestad ASA, Annual General Meeting, May 28, 2025Borgestad ASA, Annual General Meeting, May 28, 2025.Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: kr0.66 (vs kr9.60 loss in 3Q 2023)Third quarter 2024 results: EPS: kr0.66 (up from kr9.60 loss in 3Q 2023). Revenue: kr359.8m (down 4.5% from 3Q 2023). Net income: kr23.3m (up kr60.4m from 3Q 2023). Profit margin: 6.5% (up from net loss in 3Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Basic Materials industry in Europe.Major Estimate Revision • Nov 09Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from kr3.65 to kr4.09. Revenue forecast unchanged at kr1.15b. Net income forecast to grow 90% next year vs 12% growth forecast for Basic Materials industry in Norway. Consensus price target up from kr22.00 to kr23.00. Share price was steady at kr17.10 over the past week.New Risk • Nov 07New major risk - Revenue and earnings growthEarnings have declined by 9.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr603.0m market cap, or US$55.1m).Price Target Changed • Aug 30Price target increased by 7.8% to kr22.00Up from kr20.40, the current price target is provided by 1 analyst. New target price is 33% above last closing price of kr16.60. Stock is down 71% over the past year. The company is forecast to post earnings per share of kr3.65 next year compared to a net loss per share of kr9.21 last year.お知らせ • Aug 29+ 3 more updatesBorgestad ASA to Report Q1, 2025 Results on May 22, 2025Borgestad ASA announced that they will report Q1, 2025 results on May 22, 2025Reported Earnings • Aug 25Second quarter 2024 earnings released: EPS: kr0.54 (vs kr1.60 in 2Q 2023)Second quarter 2024 results: EPS: kr0.54. Revenue: kr336.7m (up 6.3% from 2Q 2023). Net income: kr21.8m (up 253% from 2Q 2023). Profit margin: 6.5% (up from 2.0% in 2Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Basic Materials industry in Europe.分析記事 • Aug 02Borgestad ASA's (OB:BOR) Business Is Trailing The Industry But Its Shares Aren'tWith a median price-to-sales (or "P/S") ratio of close to 0.9x in the Basic Materials industry in Norway, you could be...New Risk • May 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (kr589.0m market cap, or US$56.1m).分析記事 • May 27Borgestad ASA's (OB:BOR) CEO Compensation Is Looking A Bit Stretched At The MomentKey Insights Borgestad to hold its Annual General Meeting on 3rd of June Total pay for CEO Pal Larsen includes kr2.80m...Reported Earnings • May 22First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr222.8m (up 1.9% from 1Q 2023). Net loss: kr2.77m (down 168% from profit in 1Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Basic Materials industry in Europe.分析記事 • Apr 14What Borgestad ASA's (OB:BOR) 27% Share Price Gain Is Not Telling YouBorgestad ASA ( OB:BOR ) shares have had a really impressive month, gaining 27% after a shaky period beforehand. Still...New Risk • Feb 23New major risk - Revenue and earnings growthEarnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (kr406.7m market cap, or US$38.6m).Reported Earnings • Feb 18Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: kr0.11 loss per share (improved from kr1.11 loss in FY 2022). Revenue: kr1.14b (up 24% from FY 2022). Net loss: kr36.0m (loss narrowed 71% from FY 2022). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Europe.New Risk • Feb 13New major risk - Revenue and earnings growthEarnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (kr409.5m market cap, or US$39.0m).分析記事 • Dec 25Some Shareholders Feeling Restless Over Borgestad ASA's (OB:BOR) P/S RatioIt's not a stretch to say that Borgestad ASA's ( OB:BOR ) price-to-sales (or "P/S") ratio of 0.3x right now seems quite...お知らせ • Dec 21Borgestad ASA has completed a Follow-on Equity Offering in the amount of NOK 62.5 million.Borgestad ASA has completed a Follow-on Equity Offering in the amount of NOK 62.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 250,000,000 Price\Range: NOK 0.25 Transaction Features: Rights OfferingNew Risk • Dec 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 6x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr311.2m market cap, or US$29.9m).Price Target Changed • Nov 13Price target decreased by 76% to kr0.38Down from kr1.60, the current price target is provided by 1 analyst. New target price is 12% above last closing price of kr0.34. Stock is down 77% over the past year. The company is forecast to post a net loss per share of kr0.22 next year compared to a net loss per share of kr1.11 last year.New Risk • Nov 13New major risk - Revenue and earnings growthEarnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (kr52.8m market cap, or US$4.75m).お知らせ • Nov 09Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 250 million.Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 250 million. Security Name: Shares Security Type: Common Stock Securities Offered: 1,000,000,000 Price\Range: NOK 0.25 Transaction Features: Subsequent Direct Listingお知らせ • Nov 08Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 62.5 million.Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 62.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 250,000,000 Price\Range: NOK 0.25 Transaction Features: Rights OfferingNew Risk • Nov 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Market cap is less than US$10m (kr54.9m market cap, or US$4.90m).お知らせ • Nov 07+ 2 more updatesBorgestad ASA to Report Q3, 2023 Results on Nov 06, 2023Borgestad ASA announced that they will report Q3, 2023 results on Nov 06, 2023Reported Earnings • Nov 07Third quarter 2023 earnings released: kr0.24 loss per share (vs kr0.02 profit in 3Q 2022)Third quarter 2023 results: kr0.24 loss per share (down from kr0.02 profit in 3Q 2022). Revenue: kr376.8m (up 36% from 3Q 2022). Net loss: kr37.1m (down kr40.3m from profit in 3Q 2022). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Basic Materials industry in Europe.Breakeven Date Change • Nov 01Forecast to breakeven in 2023The analyst covering Borgestad expects the company to break even for the first time. New forecast suggests the company will make a profit of kr38.0m in 2023. Earnings growth of 13% is required to achieve expected profit on schedule.Price Target Changed • Nov 01Price target increased by 13% to kr1.70Up from kr1.50, the current price target is provided by 1 analyst. New target price is 10% above last closing price of kr1.54. Stock is down 3.8% over the past year. The company is forecast to post earnings per share of kr0.24 next year compared to a net loss per share of kr1.11 last year.Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: kr0.04 (vs kr0.051 loss in 2Q 2022)Second quarter 2023 results: EPS: kr0.04 (up from kr0.051 loss in 2Q 2022). Revenue: kr316.7m (up 32% from 2Q 2022). Net income: kr6.18m (up kr16.3m from 2Q 2022). Profit margin: 2.0% (up from net loss in 2Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 3.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings.Breakeven Date Change • Aug 09No longer forecast to breakevenThe analyst covering Borgestad no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr2.00m in 2023. New forecast suggests the company will make a loss of kr13.0m in 2024.New Risk • Aug 08New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: kr101m Forecast net loss in 1 year: kr16m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (kr16m net loss next year). Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (35% increase in shares outstanding). Market cap is less than US$100m (kr221.1m market cap, or US$21.5m).Breakeven Date Change • Jun 01Forecast to breakeven in 2023The analyst covering Borgestad expects the company to break even for the first time. New forecast suggests the company will make a profit of kr2.00m in 2023. Earnings growth of 148% is required to achieve expected profit on schedule.分析記事 • May 23Borgestad (OB:BOR) Use Of Debt Could Be Considered RiskyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Major Estimate Revision • May 21Consensus EPS estimates fall by 109%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -kr0.88 to -kr1.84 per share. Revenue forecast of kr967.0m unchanged since last update. Basic Materials industry in Norway expected to see average net income decline 2.4% next year. Consensus price target down from kr1.70 to kr1.50. Share price rose 4.9% to kr1.40 over the past week.Major Estimate Revision • Feb 17Consensus EPS estimates fall from profit to kr0.95 loss, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from kr947.0m to kr980.0m. Now expected to report loss of -kr0.95 instead of kr0.08 per share profit. Basic Materials industry in Norway expected to see average net income decline 2.5% next year. Consensus price target of kr1.70 unchanged from last update. Share price was steady at kr1.57 over the past week.Breakeven Date Change • Feb 14No longer forecast to breakevenThe analyst covering Borgestad no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr6.00m in 2023. New forecast suggests the company will make a loss of kr12.0m in 2024.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Chairman of the Board Mills Moller is the most experienced director on the board, commencing their role in 2009. Independent Director Anne Sofie Markman was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Breakeven Date Change • Nov 11Forecast to breakeven in 2023The analyst covering Borgestad expects the company to break even for the first time. New forecast suggests the company will make a profit of kr6.00m in 2023. Average annual earnings growth of 101% is required to achieve expected profit on schedule.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: kr0.02 (vs kr0.25 loss in 3Q 2021)Third quarter 2022 results: EPS: kr0.02 (up from kr0.25 loss in 3Q 2021). Revenue: kr286.2m (up 1.5% from 3Q 2021). Net income: kr3.13m (up kr6.26m from 3Q 2021). Profit margin: 1.1% (up from net loss in 3Q 2021). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Basic Materials industry in Europe.分析記事 • Nov 05These 4 Measures Indicate That Borgestad (OB:BOR) Is Using Debt In A Risky WayHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Price Target Changed • Oct 26Price target decreased to kr1.70Down from kr2.20, the current price target is provided by 1 analyst. New target price is 8.3% above last closing price of kr1.57. Stock is down 90% over the past year. The company is forecast to post a net loss per share of kr2.73 next year compared to a net loss per share of kr1.89 last year.Major Estimate Revision • Aug 23Consensus EPS estimates fall by 57%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from kr958.0m to kr935.0m. Losses expected to increase from kr1.74 per share to kr2.73. Basic Materials industry in Norway expected to see average net income growth of 1.9% next year. Consensus price target of kr2.20 unchanged from last update. Share price fell 3.4% to kr1.99 over the past week.Board Change • Jun 29Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Chairman of the Board Mills Moller is the most experienced director on the board, commencing their role in 2009. Independent Director Anne Sofie Markman was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Recent Insider Transactions • May 24Chief Executive Officer recently bought kr105k worth of stockOn the 19th of May, Pal Larsen bought around 50k shares on-market at roughly kr2.10 per share. This was the largest purchase by an insider in the last 3 months. This was Pal's only on-market trade for the last 12 months.Reported Earnings • May 22First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: kr0.17 loss per share (up from kr1.60 loss in 1Q 2021). Revenue: kr193.9m (up 11% from 1Q 2021). Net loss: kr19.6m (loss narrowed 5.6% from 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 67%. Over the next year, revenue is forecast to grow 8.3%, compared to a 8.8% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.Price Target Changed • Apr 27Price target decreased to kr3.20Down from kr15.00, the current price target is provided by 1 analyst. New target price is 57% above last closing price of kr2.04. Stock is down 86% over the past year. The company is forecast to post earnings per share of kr0 next year compared to a net loss per share of kr0.33 last year.分析記事 • Mar 26When Should You Buy Borgestad ASA (OB:BOR)?While Borgestad ASA ( OB:BOR ) might not be the most widely known stock at the moment, it received a lot of attention...Major Estimate Revision • Mar 10Consensus forecasts updatedThe consensus outlook for 2022 has been updated. Forecast profits in 2022 with EPS up from -kr0.56 to kr0 per share. Revenue forecast unchanged from last update at kr959.0m. Basic Materials industry in Norway expected to see average net income growth of 19% next year. Consensus price target down from kr15.00 to kr3.20. Share price fell 20% to kr2.71 over the past week.Major Estimate Revision • Feb 25Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from kr969.0m to kr959.0m. 2022 losses expected to reduce from -kr1.04 to -kr0.56 per share. Basic Materials industry in Norway expected to see average net income growth of 24% next year. Consensus price target of kr15.00 unchanged from last update. Share price fell 14% to kr7.68 over the past week.Breakeven Date Change • Feb 22Forecast to breakeven in 2023The analyst covering Borgestad expects the company to break even for the first time. New forecast suggests the company will make a profit of kr1.00m in 2023. Average annual earnings growth of 80% is required to achieve expected profit on schedule.Reported Earnings • Feb 19Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: kr0.33 loss per share (up from kr13.03 loss in FY 2020). Revenue: kr944.1m (up 13% from FY 2020). Net loss: kr4.17m (loss narrowed 98% from FY 2020). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 67%. Over the next year, revenue is forecast to grow 2.6%, compared to a 9.7% growth forecast for the industry in Norway. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Feb 18Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 expected loss increased from -kr0.69 to -kr1.00 per share. Revenue forecast of kr928.0m unchanged since last update. Basic Materials industry in Norway expected to see average net income growth of 23% next year. Consensus price target down from kr17.00 to kr15.00. Share price rose 13% to kr9.26 over the past week.Reported Earnings • Nov 03Third quarter 2021 earnings released: kr0.25 loss per share (vs kr0.11 profit in 3Q 2020)The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr290.7m (up 19% from 3Q 2020). Net loss: kr3.13m (down 325% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance.Price Target Changed • Oct 28Price target decreased to kr17.00Down from kr19.00, the current price target is provided by 1 analyst. New target price is 7.6% above last closing price of kr15.80. Stock is up 7.9% over the past year. The company is forecast to post a net loss per share of kr0.45 next year compared to a net loss per share of kr13.02 last year.Price Target Changed • Aug 26Price target increased to kr19.00Up from kr16.00, the current price target is provided by 1 analyst. New target price is 18% above last closing price of kr16.10. Stock is up 3.5% over the past year.Reported Earnings • Aug 22Second quarter 2021 earnings released: kr0.55 loss per share (vs kr1.86 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr217.6m (up 5.7% from 2Q 2020). Net loss: kr6.96m (down 130% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 expected loss increased from -kr2.43 to -kr2.99 per share. Revenue forecast unchanged at kr900.0m. Basic Materials industry in Norway expected to see average net income growth of 31% next year. Consensus price target up from kr16.00 to kr17.00. Share price fell 4.4% to kr15.20 over the past week.分析記事 • Jul 13Health Check: How Prudently Does Borgestad (OB:BOR) Use Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Major Estimate Revision • May 28Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 expected loss increased from -kr2.10 to -kr2.43 per share. Revenue forecast unchanged at kr906.0m. Basic Materials industry in Norway expected to see average net income growth of 27% next year. Consensus price target of kr16.00 unchanged from last update. Share price was steady at kr13.85 over the past week.Reported Earnings • May 24First quarter 2021 earnings releasedThe company reported a poor first quarter result with increased losses and weaker control over costs, although revenues were flat. First quarter 2021 results: Revenue: kr183.8m (flat on 1Q 2020). Net loss: kr20.8m (loss widened 19% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.分析記事 • Mar 10Is Borgestad (OB:BOR) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...業績と収益の成長予測OB:BOR - アナリストの将来予測と過去の財務データ ( )NOK Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20281,21637N/AN/A112/31/20271,18133N/AN/A112/31/20261,147123N/AN/A112/31/20251,126-21334N/A9/30/20251,097145163N/A6/30/20251,10375370N/A3/31/20251,124307992N/A12/31/20241,14045141149N/A9/30/20241,1183190122N/A6/30/20241,130-59128157N/A3/31/20241,110-74153183N/A12/31/20231,106-78129167N/A9/30/20231,107-16590116N/A6/30/20231,020-96-176N/A3/31/2023943-112-26-6N/A12/31/2022919-125-63-51N/A9/30/2022930-20-106-86N/A6/30/2022926-26-66-46N/A3/31/2022902-23-51-31N/A12/31/2021883-24-136N/A9/30/2021879-2042636N/A6/30/2021842-1992939N/A3/31/2021832-169-28N/A12/31/2020839-166-13-3N/A9/30/2020860-42-35N/A6/30/2020869-33-27-19N/A3/31/2020923-641624N/A12/31/2019889-62310N/A9/30/20198755N/A-15N/A6/30/20198623N/A-3N/A3/31/20198004N/A-44N/A12/31/20187913N/A-52N/A9/30/2018760-23N/A-21N/A6/30/2018745-33N/A-11N/A3/31/2018750-28N/A-4N/A12/31/201777913N/A1N/A9/30/2017776-11N/A10N/A6/30/2017777-11N/A-20N/A3/31/2017775-11N/A-25N/A12/31/2016766-61N/A-22N/A9/30/2016765-32N/A-46N/A6/30/2016780-32N/A-18N/A3/31/2016747-37N/A6N/A12/31/2015729-25N/A-4N/A9/30/2015715-43N/A-3N/A6/30/2015692-41N/A1N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: BORは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 3.3% ) よりも高い成長率であると考えられます。収益対市場: BOR今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: BOR今後 3 年以内に収益を上げることが予想されます。収益対市場: BORの収益 ( 2.6% ) Norwegian市場 ( 2.3% ) よりも速いペースで成長すると予測されています。高い収益成長: BORの収益 ( 2.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: BORの 自己資本利益率 は、3年後には低くなると予測されています ( 5 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/11 11:02終値2026/05/08 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Borgestad ASA 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Nojus JuozapaviciusNorne Securities AS
Major Estimate Revision • Feb 25Consensus EPS estimates fall from profit to kr0.49 lossThe consensus outlook for fiscal year 2025 has been updated. Expected to report loss instead of -kr0.49 instead of kr0.59 per share profit previously forecast. Revenue forecast unchanged at kr1.13b Basic Materials industry in Norway expected to see average net income growth of 26% next year. Consensus price target of kr24.00 unchanged from last update. Share price was steady at kr18.05 over the past week.
Major Estimate Revision • Sep 03Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr1.13b to kr1.11b. EPS estimate also fell from kr1.08 per share to kr0.81 per share. Net income forecast to grow 1,685% next year vs 32% growth forecast for Basic Materials industry in Norway. Consensus price target of kr24.00 unchanged from last update. Share price was steady at kr17.85 over the past week.
Price Target Changed • Aug 15Price target increased by 9.1% to kr24.00Up from kr22.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of kr20.70. Stock is up 31% over the past year. The company is forecast to post earnings per share of kr1.08 for next year compared to kr1.29 last year.
Price Target Changed • Jun 03Price target decreased by 8.3% to kr22.00Down from kr24.00, the current price target is provided by 1 analyst. New target price is 31% above last closing price of kr16.85. Stock is up 5.6% over the past year. The company is forecast to post earnings per share of kr3.68 for next year compared to kr1.29 last year.
Major Estimate Revision • May 20Consensus EPS estimates increase by 187%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from kr1.26b to kr1.20b. EPS estimate rose from kr1.42 to kr4.08. Net income forecast to grow 320% next year vs 19% growth forecast for Basic Materials industry in Norway. Consensus price target of kr24.00 unchanged from last update. Share price was steady at kr17.90 over the past week.
Major Estimate Revision • Nov 20Consensus EPS estimates fall by 68%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from kr1.15b to kr1.18b. EPS estimate fell from kr4.09 to kr1.31 per share. Net income forecast to grow 2,613% next year vs 15% growth forecast for Basic Materials industry in Norway. Consensus price target up from kr23.00 to kr24.00. Share price rose 2.8% to kr18.50 over the past week.
Reported Earnings • Feb 27Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: kr0.04 loss per share (down from kr1.29 profit in FY 2024). Revenue: kr1.13b (down 1.3% from FY 2024). Net loss: kr1.55m (down 103% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 92%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, while revenues in the Basic Materials industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Feb 25Consensus EPS estimates fall from profit to kr0.49 lossThe consensus outlook for fiscal year 2025 has been updated. Expected to report loss instead of -kr0.49 instead of kr0.59 per share profit previously forecast. Revenue forecast unchanged at kr1.13b Basic Materials industry in Norway expected to see average net income growth of 26% next year. Consensus price target of kr24.00 unchanged from last update. Share price was steady at kr18.05 over the past week.
お知らせ • Dec 16Borgestad ASA, Annual General Meeting, May 22, 2026Borgestad ASA, Annual General Meeting, May 22, 2026.
分析記事 • Dec 12The Return Trends At Borgestad (OB:BOR) Look PromisingThere are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
分析記事 • Nov 07We Think You Can Look Beyond Borgestad's (OB:BOR) Lackluster EarningsSoft earnings didn't appear to concern Borgestad ASA's ( OB:BOR ) shareholders over the last week. We think that the...
New Risk • Nov 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 2.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (202% payout ratio). Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (kr641.6m market cap, or US$63.3m).
Reported Earnings • Nov 02Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: kr0.86 (up from kr0.66 in 3Q 2024). Revenue: kr353.5m (down 1.8% from 3Q 2024). Net income: kr30.1m (up 29% from 3Q 2024). Profit margin: 8.5% (up from 6.5% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 146%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
お知らせ • Sep 12Borgestad ASA to Report Fiscal Year 2025 Results on Apr 30, 2026Borgestad ASA announced that they will report fiscal year 2025 results on Apr 30, 2026
Major Estimate Revision • Sep 03Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr1.13b to kr1.11b. EPS estimate also fell from kr1.08 per share to kr0.81 per share. Net income forecast to grow 1,685% next year vs 32% growth forecast for Basic Materials industry in Norway. Consensus price target of kr24.00 unchanged from last update. Share price was steady at kr17.85 over the past week.
分析記事 • Aug 27We Think Borgestad (OB:BOR) Is Taking Some Risk With Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Aug 22Second quarter 2025 earnings released: kr0.05 loss per share (vs kr0.54 profit in 2Q 2024)Second quarter 2025 results: kr0.05 loss per share (down from kr0.54 profit in 2Q 2024). Revenue: kr316.2m (down 6.1% from 2Q 2024). Net loss: kr1.59m (down 107% from profit in 2Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings.
お知らせ • Aug 21+ 3 more updatesBorgestad ASA to Report First Half, 2026 Results on Aug 14, 2026Borgestad ASA announced that they will report first half, 2026 results on Aug 14, 2026
Price Target Changed • Aug 15Price target increased by 9.1% to kr24.00Up from kr22.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of kr20.70. Stock is up 31% over the past year. The company is forecast to post earnings per share of kr1.08 for next year compared to kr1.29 last year.
分析記事 • Jul 16Cautious Investors Not Rewarding Borgestad ASA's (OB:BOR) Performance CompletelyIt's not a stretch to say that Borgestad ASA's ( OB:BOR ) price-to-sales (or "P/S") ratio of 0.6x right now seems quite...
お知らせ • Jun 18Borgestad ASA (OB:BOR) entered into an agreement to acquire Emcotech Ab for SEK 20.5 million.Borgestad ASA (OB:BOR) entered into an agreement to acquire Emcotech Ab for SEK 20.5 million on June 17, 2025. A cash consideration of SEK 10.5 million will be paid by Borgestad ASA. Borgestad ASA will pay an earnout/contingent payment of SEK 10 million cash. As part of consideration, SEK 20.5 million is paid towards common equity of Emcotech Ab. The transaction will be financed through loan commitments from Nordea, consisting of a mortgage facility of SEK 9 million and an overdraft facility of SEK 10 million. For the period ending December 31, 2024, Emcotech Ab reported total revenue of SEK 45.4 million and EBITDA of SEK 6.4 million. Closing of the transaction is expected by the end of June 2025, subject to certain customary closing conditions.
Price Target Changed • Jun 03Price target decreased by 8.3% to kr22.00Down from kr24.00, the current price target is provided by 1 analyst. New target price is 31% above last closing price of kr16.85. Stock is up 5.6% over the past year. The company is forecast to post earnings per share of kr3.68 for next year compared to kr1.29 last year.
お知らせ • May 28Borgestad ASA Approves DividendBorgestad ASA at its Annual general meeting held on May 28, 2025, approved to distribute a dividend of NOK 0.80 per share. Ex. date: 30 May 2025.
Reported Earnings • May 23First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: kr0.50 loss per share (further deteriorated from kr0.079 loss in 1Q 2024). Revenue: kr206.5m (down 7.3% from 1Q 2024). Net loss: kr17.6m (loss widened kr14.8m from 1Q 2024). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 23Upcoming dividend of kr0.80 per shareEligible shareholders must have bought the stock before 30 May 2025. Payment date: 05 June 2025. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Norwegian dividend payers (9.1%). Higher than average of industry peers (2.9%).
New Risk • May 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 31% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (kr599.6m market cap, or US$58.8m).
分析記事 • May 22Increases to Borgestad ASA's (OB:BOR) CEO Compensation Might Cool off for nowKey Insights Borgestad's Annual General Meeting to take place on 28th of May CEO Pal Larsen's total compensation...
Major Estimate Revision • May 20Consensus EPS estimates increase by 187%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from kr1.26b to kr1.20b. EPS estimate rose from kr1.42 to kr4.08. Net income forecast to grow 320% next year vs 19% growth forecast for Basic Materials industry in Norway. Consensus price target of kr24.00 unchanged from last update. Share price was steady at kr17.90 over the past week.
New Risk • Mar 09New minor risk - Dividend sustainabilityThe company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 4.6% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (kr615.3m market cap, or US$56.7m).
Reported Earnings • Mar 02Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: kr1.29 (up from kr9.21 loss in FY 2023). Revenue: kr1.17b (up 5.7% from FY 2023). Net income: kr45.2m (up kr123.5m from FY 2023). Profit margin: 3.9% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings.
お知らせ • Mar 01Borgestad ASA announces Annual dividend, payable on June 05, 2025Borgestad ASA announced Annual dividend of NOK 0.8000 per share payable on June 05, 2025, ex-date on May 30, 2025 and record date on June 02, 2025.
分析記事 • Nov 22There May Be Underlying Issues With The Quality Of Borgestad's (OB:BOR) EarningsBorgestad ASA ( OB:BOR ) just reported some strong earnings, and the market reacted accordingly with a healthy uplift...
Major Estimate Revision • Nov 20Consensus EPS estimates fall by 68%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from kr1.15b to kr1.18b. EPS estimate fell from kr4.09 to kr1.31 per share. Net income forecast to grow 2,613% next year vs 15% growth forecast for Basic Materials industry in Norway. Consensus price target up from kr23.00 to kr24.00. Share price rose 2.8% to kr18.50 over the past week.
Price Target Changed • Nov 19Price target increased by 9.1% to kr24.00Up from kr22.00, the current price target is provided by 1 analyst. New target price is 27% above last closing price of kr18.90. Stock is up 44% over the past year. The company is forecast to post earnings per share of kr1.31 next year compared to a net loss per share of kr9.21 last year.
お知らせ • Nov 19Borgestad ASA, Annual General Meeting, May 28, 2025Borgestad ASA, Annual General Meeting, May 28, 2025.
Reported Earnings • Nov 15Third quarter 2024 earnings released: EPS: kr0.66 (vs kr9.60 loss in 3Q 2023)Third quarter 2024 results: EPS: kr0.66 (up from kr9.60 loss in 3Q 2023). Revenue: kr359.8m (down 4.5% from 3Q 2023). Net income: kr23.3m (up kr60.4m from 3Q 2023). Profit margin: 6.5% (up from net loss in 3Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Basic Materials industry in Europe.
Major Estimate Revision • Nov 09Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from kr3.65 to kr4.09. Revenue forecast unchanged at kr1.15b. Net income forecast to grow 90% next year vs 12% growth forecast for Basic Materials industry in Norway. Consensus price target up from kr22.00 to kr23.00. Share price was steady at kr17.10 over the past week.
New Risk • Nov 07New major risk - Revenue and earnings growthEarnings have declined by 9.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr603.0m market cap, or US$55.1m).
Price Target Changed • Aug 30Price target increased by 7.8% to kr22.00Up from kr20.40, the current price target is provided by 1 analyst. New target price is 33% above last closing price of kr16.60. Stock is down 71% over the past year. The company is forecast to post earnings per share of kr3.65 next year compared to a net loss per share of kr9.21 last year.
お知らせ • Aug 29+ 3 more updatesBorgestad ASA to Report Q1, 2025 Results on May 22, 2025Borgestad ASA announced that they will report Q1, 2025 results on May 22, 2025
Reported Earnings • Aug 25Second quarter 2024 earnings released: EPS: kr0.54 (vs kr1.60 in 2Q 2023)Second quarter 2024 results: EPS: kr0.54. Revenue: kr336.7m (up 6.3% from 2Q 2023). Net income: kr21.8m (up 253% from 2Q 2023). Profit margin: 6.5% (up from 2.0% in 2Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Basic Materials industry in Europe.
分析記事 • Aug 02Borgestad ASA's (OB:BOR) Business Is Trailing The Industry But Its Shares Aren'tWith a median price-to-sales (or "P/S") ratio of close to 0.9x in the Basic Materials industry in Norway, you could be...
New Risk • May 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (kr589.0m market cap, or US$56.1m).
分析記事 • May 27Borgestad ASA's (OB:BOR) CEO Compensation Is Looking A Bit Stretched At The MomentKey Insights Borgestad to hold its Annual General Meeting on 3rd of June Total pay for CEO Pal Larsen includes kr2.80m...
Reported Earnings • May 22First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr222.8m (up 1.9% from 1Q 2023). Net loss: kr2.77m (down 168% from profit in 1Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Basic Materials industry in Europe.
分析記事 • Apr 14What Borgestad ASA's (OB:BOR) 27% Share Price Gain Is Not Telling YouBorgestad ASA ( OB:BOR ) shares have had a really impressive month, gaining 27% after a shaky period beforehand. Still...
New Risk • Feb 23New major risk - Revenue and earnings growthEarnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (kr406.7m market cap, or US$38.6m).
Reported Earnings • Feb 18Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: kr0.11 loss per share (improved from kr1.11 loss in FY 2022). Revenue: kr1.14b (up 24% from FY 2022). Net loss: kr36.0m (loss narrowed 71% from FY 2022). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Europe.
New Risk • Feb 13New major risk - Revenue and earnings growthEarnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (kr409.5m market cap, or US$39.0m).
分析記事 • Dec 25Some Shareholders Feeling Restless Over Borgestad ASA's (OB:BOR) P/S RatioIt's not a stretch to say that Borgestad ASA's ( OB:BOR ) price-to-sales (or "P/S") ratio of 0.3x right now seems quite...
お知らせ • Dec 21Borgestad ASA has completed a Follow-on Equity Offering in the amount of NOK 62.5 million.Borgestad ASA has completed a Follow-on Equity Offering in the amount of NOK 62.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 250,000,000 Price\Range: NOK 0.25 Transaction Features: Rights Offering
New Risk • Dec 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 6x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr311.2m market cap, or US$29.9m).
Price Target Changed • Nov 13Price target decreased by 76% to kr0.38Down from kr1.60, the current price target is provided by 1 analyst. New target price is 12% above last closing price of kr0.34. Stock is down 77% over the past year. The company is forecast to post a net loss per share of kr0.22 next year compared to a net loss per share of kr1.11 last year.
New Risk • Nov 13New major risk - Revenue and earnings growthEarnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (kr52.8m market cap, or US$4.75m).
お知らせ • Nov 09Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 250 million.Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 250 million. Security Name: Shares Security Type: Common Stock Securities Offered: 1,000,000,000 Price\Range: NOK 0.25 Transaction Features: Subsequent Direct Listing
お知らせ • Nov 08Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 62.5 million.Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 62.5 million. Security Name: Shares Security Type: Common Stock Securities Offered: 250,000,000 Price\Range: NOK 0.25 Transaction Features: Rights Offering
New Risk • Nov 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Market cap is less than US$10m (kr54.9m market cap, or US$4.90m).
お知らせ • Nov 07+ 2 more updatesBorgestad ASA to Report Q3, 2023 Results on Nov 06, 2023Borgestad ASA announced that they will report Q3, 2023 results on Nov 06, 2023
Reported Earnings • Nov 07Third quarter 2023 earnings released: kr0.24 loss per share (vs kr0.02 profit in 3Q 2022)Third quarter 2023 results: kr0.24 loss per share (down from kr0.02 profit in 3Q 2022). Revenue: kr376.8m (up 36% from 3Q 2022). Net loss: kr37.1m (down kr40.3m from profit in 3Q 2022). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Basic Materials industry in Europe.
Breakeven Date Change • Nov 01Forecast to breakeven in 2023The analyst covering Borgestad expects the company to break even for the first time. New forecast suggests the company will make a profit of kr38.0m in 2023. Earnings growth of 13% is required to achieve expected profit on schedule.
Price Target Changed • Nov 01Price target increased by 13% to kr1.70Up from kr1.50, the current price target is provided by 1 analyst. New target price is 10% above last closing price of kr1.54. Stock is down 3.8% over the past year. The company is forecast to post earnings per share of kr0.24 next year compared to a net loss per share of kr1.11 last year.
Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: kr0.04 (vs kr0.051 loss in 2Q 2022)Second quarter 2023 results: EPS: kr0.04 (up from kr0.051 loss in 2Q 2022). Revenue: kr316.7m (up 32% from 2Q 2022). Net income: kr6.18m (up kr16.3m from 2Q 2022). Profit margin: 2.0% (up from net loss in 2Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 3.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings.
Breakeven Date Change • Aug 09No longer forecast to breakevenThe analyst covering Borgestad no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr2.00m in 2023. New forecast suggests the company will make a loss of kr13.0m in 2024.
New Risk • Aug 08New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: kr101m Forecast net loss in 1 year: kr16m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (kr16m net loss next year). Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (35% increase in shares outstanding). Market cap is less than US$100m (kr221.1m market cap, or US$21.5m).
Breakeven Date Change • Jun 01Forecast to breakeven in 2023The analyst covering Borgestad expects the company to break even for the first time. New forecast suggests the company will make a profit of kr2.00m in 2023. Earnings growth of 148% is required to achieve expected profit on schedule.
分析記事 • May 23Borgestad (OB:BOR) Use Of Debt Could Be Considered RiskyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Major Estimate Revision • May 21Consensus EPS estimates fall by 109%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -kr0.88 to -kr1.84 per share. Revenue forecast of kr967.0m unchanged since last update. Basic Materials industry in Norway expected to see average net income decline 2.4% next year. Consensus price target down from kr1.70 to kr1.50. Share price rose 4.9% to kr1.40 over the past week.
Major Estimate Revision • Feb 17Consensus EPS estimates fall from profit to kr0.95 loss, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from kr947.0m to kr980.0m. Now expected to report loss of -kr0.95 instead of kr0.08 per share profit. Basic Materials industry in Norway expected to see average net income decline 2.5% next year. Consensus price target of kr1.70 unchanged from last update. Share price was steady at kr1.57 over the past week.
Breakeven Date Change • Feb 14No longer forecast to breakevenThe analyst covering Borgestad no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr6.00m in 2023. New forecast suggests the company will make a loss of kr12.0m in 2024.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Chairman of the Board Mills Moller is the most experienced director on the board, commencing their role in 2009. Independent Director Anne Sofie Markman was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Breakeven Date Change • Nov 11Forecast to breakeven in 2023The analyst covering Borgestad expects the company to break even for the first time. New forecast suggests the company will make a profit of kr6.00m in 2023. Average annual earnings growth of 101% is required to achieve expected profit on schedule.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: kr0.02 (vs kr0.25 loss in 3Q 2021)Third quarter 2022 results: EPS: kr0.02 (up from kr0.25 loss in 3Q 2021). Revenue: kr286.2m (up 1.5% from 3Q 2021). Net income: kr3.13m (up kr6.26m from 3Q 2021). Profit margin: 1.1% (up from net loss in 3Q 2021). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Basic Materials industry in Europe.
分析記事 • Nov 05These 4 Measures Indicate That Borgestad (OB:BOR) Is Using Debt In A Risky WayHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Price Target Changed • Oct 26Price target decreased to kr1.70Down from kr2.20, the current price target is provided by 1 analyst. New target price is 8.3% above last closing price of kr1.57. Stock is down 90% over the past year. The company is forecast to post a net loss per share of kr2.73 next year compared to a net loss per share of kr1.89 last year.
Major Estimate Revision • Aug 23Consensus EPS estimates fall by 57%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from kr958.0m to kr935.0m. Losses expected to increase from kr1.74 per share to kr2.73. Basic Materials industry in Norway expected to see average net income growth of 1.9% next year. Consensus price target of kr2.20 unchanged from last update. Share price fell 3.4% to kr1.99 over the past week.
Board Change • Jun 29Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Chairman of the Board Mills Moller is the most experienced director on the board, commencing their role in 2009. Independent Director Anne Sofie Markman was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Recent Insider Transactions • May 24Chief Executive Officer recently bought kr105k worth of stockOn the 19th of May, Pal Larsen bought around 50k shares on-market at roughly kr2.10 per share. This was the largest purchase by an insider in the last 3 months. This was Pal's only on-market trade for the last 12 months.
Reported Earnings • May 22First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: kr0.17 loss per share (up from kr1.60 loss in 1Q 2021). Revenue: kr193.9m (up 11% from 1Q 2021). Net loss: kr19.6m (loss narrowed 5.6% from 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 67%. Over the next year, revenue is forecast to grow 8.3%, compared to a 8.8% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings.
Price Target Changed • Apr 27Price target decreased to kr3.20Down from kr15.00, the current price target is provided by 1 analyst. New target price is 57% above last closing price of kr2.04. Stock is down 86% over the past year. The company is forecast to post earnings per share of kr0 next year compared to a net loss per share of kr0.33 last year.
分析記事 • Mar 26When Should You Buy Borgestad ASA (OB:BOR)?While Borgestad ASA ( OB:BOR ) might not be the most widely known stock at the moment, it received a lot of attention...
Major Estimate Revision • Mar 10Consensus forecasts updatedThe consensus outlook for 2022 has been updated. Forecast profits in 2022 with EPS up from -kr0.56 to kr0 per share. Revenue forecast unchanged from last update at kr959.0m. Basic Materials industry in Norway expected to see average net income growth of 19% next year. Consensus price target down from kr15.00 to kr3.20. Share price fell 20% to kr2.71 over the past week.
Major Estimate Revision • Feb 25Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from kr969.0m to kr959.0m. 2022 losses expected to reduce from -kr1.04 to -kr0.56 per share. Basic Materials industry in Norway expected to see average net income growth of 24% next year. Consensus price target of kr15.00 unchanged from last update. Share price fell 14% to kr7.68 over the past week.
Breakeven Date Change • Feb 22Forecast to breakeven in 2023The analyst covering Borgestad expects the company to break even for the first time. New forecast suggests the company will make a profit of kr1.00m in 2023. Average annual earnings growth of 80% is required to achieve expected profit on schedule.
Reported Earnings • Feb 19Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: kr0.33 loss per share (up from kr13.03 loss in FY 2020). Revenue: kr944.1m (up 13% from FY 2020). Net loss: kr4.17m (loss narrowed 98% from FY 2020). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 67%. Over the next year, revenue is forecast to grow 2.6%, compared to a 9.7% growth forecast for the industry in Norway. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Feb 18Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 expected loss increased from -kr0.69 to -kr1.00 per share. Revenue forecast of kr928.0m unchanged since last update. Basic Materials industry in Norway expected to see average net income growth of 23% next year. Consensus price target down from kr17.00 to kr15.00. Share price rose 13% to kr9.26 over the past week.
Reported Earnings • Nov 03Third quarter 2021 earnings released: kr0.25 loss per share (vs kr0.11 profit in 3Q 2020)The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: kr290.7m (up 19% from 3Q 2020). Net loss: kr3.13m (down 325% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance.
Price Target Changed • Oct 28Price target decreased to kr17.00Down from kr19.00, the current price target is provided by 1 analyst. New target price is 7.6% above last closing price of kr15.80. Stock is up 7.9% over the past year. The company is forecast to post a net loss per share of kr0.45 next year compared to a net loss per share of kr13.02 last year.
Price Target Changed • Aug 26Price target increased to kr19.00Up from kr16.00, the current price target is provided by 1 analyst. New target price is 18% above last closing price of kr16.10. Stock is up 3.5% over the past year.
Reported Earnings • Aug 22Second quarter 2021 earnings released: kr0.55 loss per share (vs kr1.86 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: kr217.6m (up 5.7% from 2Q 2020). Net loss: kr6.96m (down 130% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 expected loss increased from -kr2.43 to -kr2.99 per share. Revenue forecast unchanged at kr900.0m. Basic Materials industry in Norway expected to see average net income growth of 31% next year. Consensus price target up from kr16.00 to kr17.00. Share price fell 4.4% to kr15.20 over the past week.
分析記事 • Jul 13Health Check: How Prudently Does Borgestad (OB:BOR) Use Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Major Estimate Revision • May 28Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 expected loss increased from -kr2.10 to -kr2.43 per share. Revenue forecast unchanged at kr906.0m. Basic Materials industry in Norway expected to see average net income growth of 27% next year. Consensus price target of kr16.00 unchanged from last update. Share price was steady at kr13.85 over the past week.
Reported Earnings • May 24First quarter 2021 earnings releasedThe company reported a poor first quarter result with increased losses and weaker control over costs, although revenues were flat. First quarter 2021 results: Revenue: kr183.8m (flat on 1Q 2020). Net loss: kr20.8m (loss widened 19% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings.
分析記事 • Mar 10Is Borgestad (OB:BOR) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...