Black Sea Property AS engages in the operation of holiday resort under the Aheloy Beach Resort name in Bulgaria.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr2.40|
|52 Week High||kr1.55|
|52 Week Low||kr5.00|
|1 Month Change||-11.11%|
|3 Month Change||15.38%|
|1 Year Change||0%|
|3 Year Change||-76.59%|
|5 Year Change||-98.12%|
|Change since IPO||-96.80%|
Recent News & Updates
|BSP||NO Hospitality||NO Market|
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.
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
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
|BSP fundamental statistics|
Is BSP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BSP income statement (TTM)|
|Cost of Revenue||kr0|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
Sep 30, 2021
|Earnings per share (EPS)||-0.12|
|Net Profit Margin||0.00%|
How did BSP perform over the long term?See historical performance and comparison
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'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).
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.
How has Black Sea Property performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Egil Melkevik (55 yo)
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...
Experienced Board: BSP's board of directors are considered experienced (5.8 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 133.7%.
Black Sea Property AS's employee growth, exchange listings and data sources
- 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
- Black Sea Property AS
- Sagveien 23 A
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/26 16:20|
|End of Day Share Price||2021/09/24 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.