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Updated 1y ago
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Belships ASABATS-CHIXE:BELCOO Stock Report

Market Cap NOK 5.1b
Updated 1y ago
Share Price
n/a
1Yn/a
7D0%
1D0%
Portfolio Value
​
View

Belships ASA

BATS-CHIXE:BELCOO Stock Report

Market Cap: NOK 5.1b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Belships (BELCOO) Stock Overview

Owns and operates dry bulk ships worldwide. More details

BELCOO fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance3/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 71.3% below our estimate of its fair value

Earnings are forecast to grow 28.89% per year

Risk Analysis

Shares are highly illiquid

Large one-off items impacting financial results


BELCOO Community Fair Values

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NOK
Current Price
NOK 20.3521.7% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-30m726m2016201920222025202620282031Revenue US$383.4mEarnings US$70.3m
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Belships ASA Competitors

Irish Continental Group

Symbol: LSE:ICGC
Market cap: UK£998.2m

Clarkson

Symbol: LSE:CKN
Market cap: UK£1.5b

James Fisher and Sons

Symbol: LSE:FSJ
Market cap: UK£220.6m

FirstGroup

Symbol: LSE:FGP
Market cap: UK£902.6m

Price History & Performance

Summary of share price highs, lows and changes for Belships
Historical stock prices
Current Share PriceNOK 20.35
52 Week HighNOK 23.05
52 Week LowNOK 20.15
Beta0.60
1 Month Change0.62%
3 Month Changen/a
1 Year Changen/a
3 Year Change7.67%
5 Year Change210.69%
Change since IPO820.81%

Recent News & Updates

Recent updates

Shareholder Returns

BELCOOGB ShippingGB Market
7D0%3.9%-1.8%
1Yn/a39.4%16.0%

Return vs Industry: Insufficient data to determine how BELCOO performed against the UK Shipping industry.

Return vs Market: Insufficient data to determine how BELCOO performed against the UK Market.

Price Volatility

Is BELCOO's price volatile compared to industry and market?
BELCOO volatility
BELCOO Average Weekly Movementn/a
Shipping Industry Average Movement5.0%
Market Average Movement4.9%
10% most volatile stocks in GB Market10.3%
10% least volatile stocks in GB Market2.6%

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

Volatility Over Time: Insufficient data to determine BELCOO's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1918631Lars Skarsgårdwww.belships.com

Belships ASA owns and operates dry bulk ships worldwide. It operates through Belships and Lighthouse Navigation segments. The company operates a fleet of 38 modern Supra/Ultramax bulk carriers, including newbuildings.

Belships ASA Fundamentals Summary

How do Belships's earnings and revenue compare to its market cap?
BELCOO fundamental statistics
Market capNOK 5.14b
Earnings (TTM)NOK 631.44m
Revenue (TTM)NOK 3.44b
8.1x
P/E Ratio
1.5x
P/S Ratio

Is BELCOO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BELCOO income statement (TTM)
RevenueUS$317.27m
Cost of RevenueUS$206.62m
Gross ProfitUS$110.65m
Other ExpensesUS$52.48m
EarningsUS$58.17m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Apr 02, 2025

Earnings per share (EPS)0.23
Gross Margin34.88%
Net Profit Margin18.33%
Debt/Equity Ratio31.3%

How did BELCOO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/10 08:19
End of Day Share Price 2025/02/27 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

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

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 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 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

Belships ASA is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Håvard LieDanske Bank
Fredrik DybwadFearnley Securities
Erik HoviNordea Markets

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Financial Data provided by S&P Global Market Intelligence LLC, analysis provided by Simply Wall Street Pty Ltd. Copyright © 2026, S&P Global Market Intelligence LLC. All rights reserved.
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