Borgestad ASA develops, manufactures, distributes, and installs refractory products in Norway.
Reasonable growth potential with acceptable track record.
Share Price & News
How has Borgestad's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BOR's share price has been volatile over the past 3 months.
7 Day Return
NO Basic Materials
1 Year Return
NO Basic Materials
Return vs Industry: BOR exceeded the Norwegian Basic Materials industry which returned 0.7% over the past year.
Return vs Market: BOR exceeded the Norwegian Market which returned -5.1% over the past year.
Price Volatility Vs. Market
How volatile is Borgestad's share price compared to the market and industry in the last 5 years?
Simply Wall St News
22 hours ago | Simply Wall StAt kr18.20, Is It Time To Put Borgestad ASA (OB:BOR) On Your Watch List?
3 weeks ago | Simply Wall StBorgestad (OB:BOR) Seems To Be Using An Awful Lot Of Debt
1 month ago | Simply Wall StShareholders Should Look Hard At Borgestad ASA’s (OB:BOR) 2.8%Return On Capital
Is Borgestad undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate BOR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate BOR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: BOR is poor value based on its PE Ratio (20.1x) compared to the Basic Materials industry average (12.4x).
PE vs Market: BOR is poor value based on its PE Ratio (20.1x) compared to the Norwegian market (14.5x).
Price to Earnings Growth Ratio
PEG Ratio: BOR is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: BOR is good value based on its PB Ratio (0.3x) compared to the XE Basic Materials industry average (1.2x).
How is Borgestad forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BOR's forecast earnings growth (82.5% per year) is above the savings rate (0.7%).
Earnings vs Market: BOR's earnings (82.5% per year) are forecast to grow faster than the Norwegian market (18.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BOR's revenue (6% per year) is forecast to grow faster than the Norwegian market (3.4% per year).
High Growth Revenue: BOR's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BOR's Return on Equity is forecast to be low in 3 years time (4.5%).
How has Borgestad performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BOR has high quality earnings.
Growing Profit Margin: BOR became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: BOR has become profitable over the past 5 years, growing earnings by 20.7% per year.
Accelerating Growth: BOR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BOR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Basic Materials industry (25.3%).
Return on Equity
High ROE: BOR's Return on Equity (1%) is considered low.
Return on Assets
Return on Capital Employed
How is Borgestad's financial position?
Financial Position Analysis
Short Term Liabilities: BOR's short term assets (NOK424.4M) exceed its short term liabilities (NOK322.5M).
Long Term Liabilities: BOR's short term assets (NOK424.4M) do not cover its long term liabilities (NOK873.7M).
Debt to Equity History and Analysis
Debt Level: BOR's debt to equity ratio (220.1%) is considered high.
Reducing Debt: BOR's debt to equity ratio has increased from 183.7% to 220.1% over the past 5 years.
Inventory Level: BOR has a low level of unsold assets or inventory.
Debt Coverage by Assets: BOR's debt is not covered by short term assets (assets are 0.4x debt).
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: BOR is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: BOR is profitable, therefore cash runway is not a concern.
What is Borgestad's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate BOR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate BOR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BOR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BOR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BOR is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BOR'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 management tenure
Pål Larsen (36yo)
Mr. Pål Feen Larsen serves as Chief Executive Officer and Chief Financial Officer at Borgestad ASA since 2019. Mr. Larsen served as Chief Operating Officer at Borgestad ASA and served as its Consolidated C ...
CEO Compensation Analysis
Compensation vs Market: Pål's total compensation ($USD0.00) is below average for companies of similar size in the Norwegian market ($USD406.17K).
Compensation vs Earnings: Pål's compensation has been consistent with company performance over the past year.
|CEO & CFO||1.1yrs||kr1.60m||0.10% NOK234.3k|
|Group President and Segment Manager||0yrs||kr2.80m||no data|
|Administration Manager||0.8yrs||no data||no data|
|Chief Financial Officer of Höganäs Borgestad Holding AB||0.4yrs||no data||no data|
|Chief Executive Officer of Borgestad Industries||3.4yrs||no data||0.068% NOK155.8k|
|Group Controller||0yrs||no data||no data|
Experienced Management: BOR's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
|Chairman of the Board||1.1yrs||kr2.70m||33.02% NOK75.6m|
|Deputy Chairman of the Board||3.1yrs||kr165.00k||no data|
|Director||1.1yrs||no data||no data|
Experienced Board: BOR's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
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 77.6%.
Borgestad ASA's company bio, employee growth, exchange listings and data sources
- Name: Borgestad ASA
- Ticker: BOR
- Exchange: OB
- Founded: 1904
- Industry: Construction Materials
- Sector: Materials
- Market Cap: kr228.903m
- Shares outstanding: 12.72m
- Website: https://borgestad.no
- Borgestad ASA
- Gunnar Knudsensveg 144
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BOR||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||May 1992|
|0DTO||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||May 1992|
|BORO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||May 1992|
Borgestad ASA develops, manufactures, distributes, and installs refractory products in Norway. The company also develops and manages real estate properties. Its properties include Agora Bytom, a shopping center with a gross area of 52,000 square meters and a rental area of approximately 30,000 square meters, as well as a parking garage with 820 parking spaces in Poland; and Borgestad Business Park, a rented commercial premises used for the storage, production, and offices. Borgestad ASA was founded in 1904 and is headquartered in Skien, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 20:48|
|End of Day Share Price||2020/02/26 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.