Black Sea Property AS focuses on operating holiday resort under the Aheloy Beach Resort name in Bulgaria.
+ 1 more risk
Overvalued with weak fundamentals.
Share Price & News
How has Black Sea Property's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BSP-ME's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BSP-ME underperformed the Norwegian Hospitality industry which returned -22.7% over the past year.
Return vs Market: BSP-ME underperformed the Norwegian Market which returned -10.4% over the past year.
Price Volatility Vs. Market
How volatile is Black Sea Property's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWhat Percentage Of Black Sea Property AS (OB:BSP-ME) Shares Do Insiders Own?
5 months ago | Simply Wall StDo Directors Own Black Sea Property AS (OB:BSP-ME) Shares?
8 months ago | Simply Wall StWhat Kind Of Investor Owns Most Of Black Sea Property AS (OB:BSP-ME)?
Is Black Sea Property undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate BSP-ME's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate BSP-ME's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: BSP-ME is unprofitable, so we can't compare its PE Ratio to the XE Hospitality industry average.
PE vs Market: BSP-ME is unprofitable, so we can't compare its PE Ratio to the Norwegian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BSP-ME's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BSP-ME is good value based on its PB Ratio (0.4x) compared to the XE Hospitality industry average (1.2x).
How is Black Sea Property forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Black Sea Property has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of BSP-ME’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Black Sea Property competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Services industry.
How has Black Sea Property performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BSP-ME is currently unprofitable.
Growing Profit Margin: BSP-ME is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BSP-ME is unprofitable, and losses have increased over the past 5 years at a rate of 4.6% per year.
Accelerating Growth: Unable to compare BSP-ME's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BSP-ME is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-20.6%).
Return on Equity
High ROE: BSP-ME has a negative Return on Equity (-8.89%), as it is currently unprofitable.
How is Black Sea Property's financial position?
Financial Position Analysis
Short Term Liabilities: BSP-ME's short term assets (NOK17.4M) do not cover its short term liabilities (NOK26.5M).
Long Term Liabilities: BSP-ME's short term assets (NOK17.4M) do not cover its long term liabilities (NOK129.2M).
Debt to Equity History and Analysis
Debt Level: BSP-ME's debt to equity ratio (94%) is considered high.
Reducing Debt: Insufficient data to determine if BSP-ME's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BSP-ME has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: BSP-ME has less than a year of cash runway if free cash flow continues to grow at historical rates of 81.4% each year.
What is Black Sea Property current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BSP-ME's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BSP-ME's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BSP-ME's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BSP-ME's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BSP-ME's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Egil Melkevik (54 yo)
Mr. Egil Redse Melkevik serves as Chief Executive Officer of Black Sea Property AS since August 2019. Mr. Melkevik serves as the Head of HR and Supply Chain Manager at Imenco Bauer Hydraulics. Mr. Melkevik ...
|CEO & Chairman||1yr||no data||0.39% |
|Director||4.75yrs||no data||no data|
|Director||4.75yrs||no data||0.78% |
|Director||5.17yrs||no data||3.3% |
Experienced Board: BSP-ME's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 81.3%.
Black Sea Property AS's company bio, employee growth, exchange listings and data sources
- Name: Black Sea Property AS
- Ticker: BSP-ME
- Exchange: OB
- Founded: 2015
- Industry: Hotels, Resorts and Cruise Lines
- Sector: Consumer Services
- Market Cap: kr42.939m
- Shares outstanding: 16.64m
- Website: https://www.blackseaproperty.no
- Black Sea Property AS
- Sagveien 23 A
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BSP-ME||OB (Oslo Bors)||Yes||Share Capital||NO||NOK||Jan 2016|
Black Sea Property AS focuses on operating holiday resort under the Aheloy Beach Resort name in Bulgaria. The company was founded in 2015 and is based in Oslo, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/04 22:10|
|End of Day Share Price||2020/08/03 00:00|
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 here.