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BSP

Black Sea PropertyOB:BSP Stock Report

Market Cap

kr93.3m

7D

1.7%

1Y

0%

Updated

26 Sep, 2021

Data

Company Financials
BSP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

BSP Overview

Black Sea Property AS engages in the operation of holiday resort under the Aheloy Beach Resort name in Bulgaria.

Price History & Performance

Summary of all time highs, changes and price drops for Black Sea Property
Historical stock prices
Current Share Pricekr2.40
52 Week Highkr1.55
52 Week Lowkr5.00
Beta-5.25
1 Month Change-11.11%
3 Month Change15.38%
1 Year Change0%
3 Year Change-76.59%
5 Year Change-98.12%
Change since IPO-96.80%

Recent News & Updates

Shareholder Returns

BSPNO HospitalityNO Market
7D1.7%4.0%1.2%
1Y0%54.4%26.4%

Return vs Industry: BSP underperformed the Norwegian Hospitality industry which returned 54.4% over the past year.

Return vs Market: BSP underperformed the Norwegian Market which returned 26.4% over the past year.

Price Volatility

Is BSP's price volatile compared to industry and market?
BSP volatility
BSP Beta-5.25
Industry Beta1.16
Market Beta1

Stable Share Price: BSP is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: BSP's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
20151Egil Melkevikhttps://www.blackseaproperty.no

Black Sea Property AS engages in the operation of holiday resort under the Aheloy Beach Resort name in Bulgaria. The company was founded in 2015 and is based in Oslo, Norway.

Black Sea Property Fundamentals Summary

How do Black Sea Property's earnings and revenue compare to its market cap?
BSP fundamental statistics
Market Capkr93.34m
Earnings (TTM)-kr4.52m
Revenue (TTM)n/a

0x

P/S Ratio

-20.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSP income statement (TTM)
Revenuekr0
Cost of Revenuekr0
Gross Profitkr0
Expenseskr4.52m
Earnings-kr4.52m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

Sep 30, 2021

Earnings per share (EPS)-0.12
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio75.1%

How did BSP perform over the long term?

See historical performance and comparison

Valuation

Is Black Sea Property undervalued compared to its fair value and its price relative to the market?

1.5x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BSP's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BSP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BSP is unprofitable, so we can't compare its PE Ratio to the European Hospitality industry average.

PE vs Market: BSP 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's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BSP is good value based on its PB Ratio (1.5x) compared to the XE Hospitality industry average (1.9x).


Future Growth

How is Black Sea Property forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

46.0%

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.


Past Performance

How has Black Sea Property performed over the past 5 years?

18.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BSP is currently unprofitable.

Growing Profit Margin: BSP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BSP is unprofitable, but has reduced losses over the past 5 years at a rate of 18.4% per year.

Accelerating Growth: Unable to compare BSP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BSP is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (11.2%).


Return on Equity

High ROE: BSP has a negative Return on Equity (-13.87%), as it is currently unprofitable.


Financial Health

How is Black Sea Property's financial position?


Financial Position Analysis

Short Term Liabilities: BSP's short term assets (NOK2.9M) do not cover its short term liabilities (NOK28.8M).

Long Term Liabilities: BSP's short term assets (NOK2.9M) do not cover its long term liabilities (NOK109.9M).


Debt to Equity History and Analysis

Debt Level: BSP's debt to equity ratio (75.1%) is considered high.

Reducing Debt: BSP's debt to equity ratio has reduced from 246.8% to 75.1% over the past 5 years.


Balance Sheet


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 has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: BSP is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.


Dividend

What is Black Sea Property current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BSP'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'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's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BSP'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's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average board tenure


CEO

Egil Melkevik (55 yo)

2.08yrs

Tenure

Mr. Egil Redse Melkevik serves as Chief Executive Officer of Black Sea Property AS since August 2019 and serves as its General Manager. Mr. Melkevik serves as the Head of HR and Supply Chain Manager at Ime...


Board Members

Experienced Board: BSP's board of directors are considered experienced (5.8 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 133.7%.


Top Shareholders

Company Information

Black Sea Property AS's employee growth, exchange listings and data sources


Key Information

  • Name: Black Sea Property AS
  • Ticker: BSP
  • Exchange: OB
  • Founded: 2015
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: kr93.338m
  • Shares outstanding: 38.89m
  • Website: https://www.blackseaproperty.no

Number of Employees


Location

  • Black Sea Property AS
  • Sagveien 23 A
  • Oslo
  • Oslo
  • 459
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 16:20
End of Day Share Price2021/09/24 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.