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BCS

Bergen Carbon Solutions OB:BCS Stock Report

Last Price

kr46.15

Market Cap

kr1.9b

7D

3.2%

1Y

17.1%

Updated

07 Aug, 2022

Data

Company Financials +
BCS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance0/6
Financial Health5/6
Dividends0/6

BCS Stock Overview

Bergen Carbon Solutions AS develops, manufactures, and sells carbon nanofibers using carbon dioxide and hydropower.

Bergen Carbon Solutions Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bergen Carbon Solutions
Historical stock prices
Current Share Pricekr46.15
52 Week Highkr83.98
52 Week Lowkr28.40
Beta0
1 Month Change24.06%
3 Month Change25.41%
1 Year Change17.15%
3 Year Changen/a
5 Year Changen/a
Change since IPO166.55%

Recent News & Updates

Shareholder Returns

BCSNO ChemicalsNO Market
7D3.2%0.2%-1.1%
1Y17.1%-4.6%9.2%

Return vs Industry: BCS exceeded the Norwegian Chemicals industry which returned -4.6% over the past year.

Return vs Market: BCS exceeded the Norwegian Market which returned 9.2% over the past year.

Price Volatility

Is BCS's price volatile compared to industry and market?
BCS volatility
BCS Average Weekly Movement10.7%
Chemicals Industry Average Movement7.3%
Market Average Movement6.8%
10% most volatile stocks in NO Market12.6%
10% least volatile stocks in NO Market3.8%

Stable Share Price: BCS is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: BCS's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
201634Finn Blydt-Svendsenhttps://bergencarbonsolutions.com

Bergen Carbon Solutions AS develops, manufactures, and sells carbon nanofibers using carbon dioxide and hydropower. The company was incorporated in 2016 and is headquartered in Bergen, Norway.

Bergen Carbon Solutions Fundamentals Summary

How do Bergen Carbon Solutions's earnings and revenue compare to its market cap?
BCS fundamental statistics
Market Capkr1.94b
Earnings (TTM)-kr29.91m
Revenue (TTM)kr874.16k

2,217x

P/S Ratio

-64.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BCS income statement (TTM)
Revenuekr874.16k
Cost of Revenue-kr34.22k
Gross Profitkr908.37k
Other Expenseskr30.81m
Earnings-kr29.91m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 24, 2022

Earnings per share (EPS)-0.71
Gross Margin103.91%
Net Profit Margin-3,421.03%
Debt/Equity Ratio0.0%

How did BCS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BCS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BCS?

Other financial metrics that can be useful for relative valuation.

BCS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2093x
Enterprise Value/EBITDA-63.4x
PEG Ration/a

Price to Book Ratio vs Peers

How does BCS's PB Ratio compare to its peers?

BCS PB Ratio vs Peers
The above table shows the PB ratio for BCS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average4.2x
BEWI BEWi
4x14.8%kr10.5b
TEKNA Tekna Holding
4x91.3%kr2.2b
DSRT Desert Control
6.5x109.5%kr1.1b
CIRCA Circa Group
2.4x6.3%kr1.0b
BCS Bergen Carbon Solutions
16.3x55.8%kr1.9b

Price-To-Book vs Peers: BCS is expensive based on its Price-To-Book Ratio (16.3x) compared to the peer average (4.2x).


Price to Earnings Ratio vs Industry

How does BCS's PE Ratio compare vs other companies in the European Chemicals Industry?

Price-To-Book vs Industry: BCS is expensive based on its Price-To-Book Ratio (16.3x) compared to the Norwegian Chemicals industry average (4x)


Price to Book Ratio vs Fair Ratio

What is BCS's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BCS PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio16.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate BCS's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of BCS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BCS (NOK46.15) is trading below our estimate of fair value (NOK408.32)

Significantly Below Fair Value: BCS is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Bergen Carbon Solutions forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


55.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BCS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).

Earnings vs Market: BCS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BCS is expected to become profitable in the next 3 years.

Revenue vs Market: BCS's revenue (52.7% per year) is forecast to grow faster than the Norwegian market (-1% per year).

High Growth Revenue: BCS's revenue (52.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BCS's Return on Equity is forecast to be very high in 3 years time (45%).


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Past Performance

How has Bergen Carbon Solutions performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-542.4%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: BCS is currently unprofitable.

Growing Profit Margin: BCS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if BCS's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

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

Earnings vs Industry: BCS is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (27.6%).


Return on Equity

High ROE: BCS has a negative Return on Equity (-25.17%), as it is currently unprofitable.


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Financial Health

How is Bergen Carbon Solutions's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BCS's short term assets (NOK110.3M) exceed its short term liabilities (NOK5.7M).

Long Term Liabilities: BCS has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BCS is debt free.

Reducing Debt: BCS has not had any debt for 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: BCS has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BCS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 116.2% each year


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Dividend

What is Bergen Carbon Solutions's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate BCS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if BCS's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BCS has not reported any payouts.


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Management

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

0.8yrs

Average management tenure


CEO

Finn Blydt-Svendsen

0.25

Tenure

Mr. Finn Blydt-Svendsen is Co-Founder of Bergen Carbon Solutions AS and serves as its Chief Operating Officer, Director and Co-owner and also was its Chairman of the Board since June 2016 and since May 3,...


Leadership Team

Experienced Management: BCS's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: BCS's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


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 diluted in the past year, with total shares outstanding growing by 12.4%.


Top Shareholders

Company Information

Bergen Carbon Solutions AS's employee growth, exchange listings and data sources


Key Information

  • Name: Bergen Carbon Solutions AS
  • Ticker: BCS
  • Exchange: OB
  • Founded: 2016
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: kr1.937b
  • Shares outstanding: 41.97m
  • Website: https://bergencarbonsolutions.com

Number of Employees


Location

  • Bergen Carbon Solutions AS
  • Fleslandvegen 70 East
  • Bergen
  • Hordaland
  • 5258
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.