Belships (LSE:0DQB) - Stock Price, News & Analysis

0DQB Stock Overview

Owns and operates dry bulk ships worldwide. More details

0DQB fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	3/6
Past Performance	4/6
Financial Health	5/6
Dividends	5/6

Rewards

Trading at 67% below our estimate of its fair value

Earnings are forecast to grow 12.96% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 60.3%

Risk Analysis

Unstable dividend track record

Belships ASA Competitors

Irish Continental Group

LSE:ICGC

UK£748.8m

Clarkson

LSE:CKN

UK£1.2b

DX (Group)

AIM:DX.

UK£306.8m

Ocean Wilsons Holdings

LSE:OCN

UK£436.7m

Price History & Performance

Summary of all time highs, changes and price drops for Belships
Historical stock prices
Current Share Price	NOK 18.40
52 Week High	NOK 25.89
52 Week Low	NOK 17.54
Beta	0.69
11 Month Change	0.91%
3 Month Change	-5.83%
1 Year Change	-1.24%
33 Year Change	47.20%
5 Year Change	n/a
Change since IPO	-5.33%

Recent updates

Shareholder Returns

	0DQB	GB Shipping	GB Market
7D	2.8%	-0.6%	1.7%
1Y	-1.2%	6.1%	8.3%

Return vs Industry: 0DQB underperformed the UK Shipping industry which returned 6.1% over the past year.

Return vs Market: 0DQB underperformed the UK Market which returned 8.3% over the past year.

Price Volatility

Is 0DQB's price volatile compared to industry and market?
0DQB volatility
0DQB Average Weekly Movement	5.7%
Shipping Industry Average Movement	4.9%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.3%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0DQB has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: 0DQB's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1918	631	Lars Skarsgård	www.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?
0DQB fundamental statistics
Market cap	NOK 4.65b
Earnings (TTM)	NOK 759.98m
Revenue (TTM)	NOK 4.02b

6.1x

P/E Ratio

1.2x

P/S Ratio

Is 0DQB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0DQB income statement (TTM)
Revenue	US$362.78m
Cost of Revenue	US$235.19m
Gross Profit	US$127.59m
Other Expenses	US$58.98m
Earnings	US$68.61m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.27
Gross Margin	35.17%
Net Profit Margin	18.91%
Debt/Equity Ratio	30.9%

How did 0DQB perform over the long term?

See historical performance and comparison

Dividends

12.7%

Current Dividend Yield

83%

Payout Ratio

Does 0DQB pay a reliable dividends?

See 0DQB dividend history and benchmarks

When do you need to buy 0DQB by to receive an upcoming dividend?
Belships dividend dates
Ex Dividend Date	Nov 18 2024
Dividend Pay Date	Nov 26 2024
Days until Ex dividend	8 days
Days until Dividend pay date	0 days

Does 0DQB pay a reliable dividends?

See 0DQB dividend history and benchmarks

0DQB Stock Overview

Rewards

Risk Analysis

Belships ASA Competitors

LSE:ICGC

UK£748.8m

LSE:CKN

UK£1.2b

AIM:DX.

UK£306.8m

LSE:OCN

UK£436.7m

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: US$0.08 (vs US$0.06 in 3Q 2023)

Belships ASA Announces Dividend Distribution, Payable on 26 November 2024

Belships ASA Declares Ordinary Cash Dividend, Payable on 4 October 2024

Director recently bought kr314k worth of stock

Second quarter dividend of kr0.55 announced

Second quarter 2024 earnings released: EPS: US$0.08 (vs US$0.062 in 2Q 2023)

Recent updates

Third quarter 2024 earnings released: EPS: US$0.08 (vs US$0.06 in 3Q 2023)

Belships ASA Announces Dividend Distribution, Payable on 26 November 2024

Belships ASA Declares Ordinary Cash Dividend, Payable on 4 October 2024

Director recently bought kr314k worth of stock

Second quarter dividend of kr0.55 announced

Second quarter 2024 earnings released: EPS: US$0.08 (vs US$0.062 in 2Q 2023)

Belships ASA Announces Distribution of Dividend for 2023, Payable on September 3, 2024

Belships ASA Announces Cash Dividend, Payable on 23 May 2024

New minor risk - Financial position

First quarter 2024 earnings released: EPS: US$0.06 (vs US$0.09 in 1Q 2023)

An undisclosed buyer completed the acquisition of 50% stake in Lighthouse Navigation Pte. Ltd from Belships ASA (OB:BELCO).

Full year 2023 earnings released: EPS: US$0.27 (vs US$0.58 in FY 2022)

Full year 2023 earnings released: EPS: US$0.30 (vs US$0.58 in FY 2022)

Belships ASA Announces Dividend

Belships ASA, Annual General Meeting, May 08, 2024

Belships Asa Announces Cash Dividend, Payable on 22 November 2023

Third quarter 2023 earnings released: EPS: US$0.06 (vs US$0.20 in 3Q 2022)

Belships ASA Announces Cash Dividend from the Previously Paid in Capital, Payable on September 5, 2023

Second quarter 2023 earnings released: EPS: US$0.065 (vs US$0.12 in 2Q 2022)

Belships ASA Announces Distribution of Dividend for 2022

V.Group Ltd. acquired Belships Management (Singapore) Pte., Ltd.

Chief Financial Officer recently bought kr550k worth of stock

Belships ASA Announces Cash Dividend, Payable on 30 May 2023

Belships ASA Announces Cash Dividend, Payable on 30 May 2023

Full year 2022 earnings released: EPS: US$0.69 (vs US$0.42 in FY 2021)

Investor sentiment improves as stock rises 18%

Full year 2022 earnings released: EPS: US$0.69 (vs US$0.42 in FY 2021)

Belships ASA to Report Q1, 2023 Results on May 09, 2023

No independent directors

Third quarter 2022 earnings released: EPS: US$0.20 (vs US$0.14 in 3Q 2021)

Belships ASA Declares Cash Dividend, Payable on 5 December 2022

Chief Financial Officer recently bought kr743k worth of stock

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: US$0.12 (vs US$0.09 in 2Q 2021)

Chief Financial Officer recently bought kr921k worth of stock

Belships ASA Declares Dividend for the Second Quarter of 2022, Payable on 7 September 2022

Belships ASA Declares Dividend for the Second Quarter of 2022

Belships ASA Announces Chief Financial Officer Changes

First quarter 2022 earnings released: EPS: US$0.24 (vs US$0.07 in 1Q 2021)

Belships ASA Declares Extraordinary Dividend Payment

Belships ASA Announces Cash Dividend, Payable on May 31, 2022

No independent directors

Full year 2021 earnings released

Chief Financial Officer recently bought kr348k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Belships Asa Announces Cash Dividend, Payable 10 March 2022

Chief Executive Officer recently bought kr325k worth of stock

Chief Executive Officer recently bought kr171k worth of stock

Third quarter 2021 earnings released: EPS US$0.14 (vs US$0.02 loss in 3Q 2020)

No independent directors

Insider recently bought kr324k worth of stock

Chairman of the Board recently sold kr700k worth of stock

Belships ASA has completed a Follow-on Equity Offering in the amount of NOK 140 million.

Shareholder Returns

Price Volatility

About the Company

Belships ASA Fundamentals Summary

6.1x

1.2x