H460 Stock Overview

Develops, manufactures, distributes, delivers, and installs refractory products in Norway. More details

H460 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	3/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 65.3% below our estimate of its fair value

Earnings are forecast to grow 11.84% per year

Became profitable this year

Risk Analysis

Does not have a meaningful market cap (€610M)

Volatile share price over the past 3 months compared to the German market

Community vs My Fair Value

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Borgestad ASA Competitors

Sto SE KGaA

XTRA:STO3

€799.4m

Delignit

XTRA:DLX

€25.4m

Nabaltec

XTRA:NTG

€133.3m

H&R GmbH KGaA

XTRA:2HRA

€149.6m

Price History & Performance

Summary of share price highs, lows and changes for Borgestad
Historical stock prices
Current Share Price	NOK 1.31
52 Week High	NOK 1.60
52 Week Low	NOK 1.04
Beta	0.064
1 Month Change	0%
3 Month Change	-4.03%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	4.30%

Recent updates

Shareholder Returns

	H460	DE Basic Materials	DE Market
7D	0%	2.3%	3.4%
1Y	n/a	29.9%	15.0%

Return vs Industry: Insufficient data to determine how H460 performed against the German Basic Materials industry.

Return vs Market: Insufficient data to determine how H460 performed against the German Market.

Price Volatility

Is H460's price volatile compared to industry and market?
H460 volatility
H460 Average Weekly Movement	10.0%
Basic Materials Industry Average Movement	5.3%
Market Average Movement	6.3%
10% most volatile stocks in DE Market	12.9%
10% least volatile stocks in DE Market	3.1%

Stable Share Price: H460's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: H460's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
1904	545	Pal Larsen	borgestad.no

Borgestad ASA develops, manufactures, distributes, delivers, and installs refractory products in Norway. The company also develops and manages real estate properties. It operates Agora Bytom, a shopping center and a rental area, as well as a parking garage with parking spaces in Poland.

Borgestad ASA Fundamentals Summary

How do Borgestad's earnings and revenue compare to its market cap?
H460 fundamental statistics
Market cap	€51.85m
Earnings (TTM)	€3.85m
Revenue (TTM)	€99.43m

13.5x

P/E Ratio

0.5x

P/S Ratio

Is H460 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
H460 income statement (TTM)
Revenue	NOK 1.17b
Cost of Revenue	NOK 528.95m
Gross Profit	NOK 640.48m
Other Expenses	NOK 595.25m
Earnings	NOK 45.23m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

May 22, 2025

Earnings per share (EPS)	1.29
Gross Margin	54.77%
Net Profit Margin	3.87%
Debt/Equity Ratio	48.9%

How did H460 perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

62%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/05 15:16
End of Day Share Price	2025/05/05 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Borgestad ASA is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nojus Juozapavicius	Norne Securities AS