Borregaard (BRG) Stock Overview
Engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
BRG Community Fair Values
Create NarrativeSee what 24 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Materials opportunity
ST
Fair Value from
CA$5.0768.0% undervalued intrinsic discount
An Undervalued 3.3Moz Gold Project in Canada
Key takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.
Read full narrativeBorregaard ASA Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 146.80 |
| 52 Week High | NOK 212.00 |
| 52 Week Low | NOK 142.00 |
| Beta | 0.59 |
| 1 Month Change | -15.92% |
| 3 Month Change | -14.95% |
| 1 Year Change | -20.65% |
| 3 Year Change | -22.00% |
| 5 Year Change | -18.35% |
| Change since IPO | 609.18% |
Recent News & Updates
Narrative Update • Apr 21
BRG: Dividend Support And Volume Outlook Will Underpin Future Upside
Analysts have trimmed the Borregaard fair value estimate by NOK 1.0 to NOK 198.6. This reflects slightly adjusted assumptions on discount rate, revenue growth, profit margins and future P/E following mixed recent research, including a lower price target and a downgrade alongside a separate upgrade. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the recent upgrade signals confidence that current pricing already reflects much of the previous caution baked into Borregaard's shares.Narrative Update • Apr 07
BRG: Dividend Support And Updated Volume Guidance Will Drive Future Upside
Narrative Update The analyst price target for Borregaard has been adjusted slightly from NOK 200 to around NOK 199.60, as analysts update their models with a lower discount rate, largely unchanged growth and margin assumptions, and a modestly higher future P/E, following a mix of recent upgrades and target cuts in Street research. Analyst Commentary Recent Street research around Borregaard has been mixed, with one upgrade and at least two cautious views.Narrative Update • Mar 23
BRG: Dividend Support And Stable Earnings Profile Will Drive Future Upside
Analysts kept the fair value estimate for Borregaard steady at NOK 200, with only very small tweaks to inputs like the discount rate, revenue growth, profit margin, and future P/E, reflecting recent price target cuts and more cautious views in Street research. Analyst Commentary Bullish Takeaways Bullish analysts view the unchanged NOK 200 fair value estimate as a sign that the long term earnings and cash flow assumptions remain intact despite recent target cuts.Recent updates
Narrative Update • Apr 21
BRG: Dividend Support And Volume Outlook Will Underpin Future Upside
Analysts have trimmed the Borregaard fair value estimate by NOK 1.0 to NOK 198.6. This reflects slightly adjusted assumptions on discount rate, revenue growth, profit margins and future P/E following mixed recent research, including a lower price target and a downgrade alongside a separate upgrade. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the recent upgrade signals confidence that current pricing already reflects much of the previous caution baked into Borregaard's shares.Narrative Update • Apr 07
BRG: Dividend Support And Updated Volume Guidance Will Drive Future Upside
Narrative Update The analyst price target for Borregaard has been adjusted slightly from NOK 200 to around NOK 199.60, as analysts update their models with a lower discount rate, largely unchanged growth and margin assumptions, and a modestly higher future P/E, following a mix of recent upgrades and target cuts in Street research. Analyst Commentary Recent Street research around Borregaard has been mixed, with one upgrade and at least two cautious views.Narrative Update • Mar 23
BRG: Dividend Support And Stable Earnings Profile Will Drive Future Upside
Analysts kept the fair value estimate for Borregaard steady at NOK 200, with only very small tweaks to inputs like the discount rate, revenue growth, profit margin, and future P/E, reflecting recent price target cuts and more cautious views in Street research. Analyst Commentary Bullish Takeaways Bullish analysts view the unchanged NOK 200 fair value estimate as a sign that the long term earnings and cash flow assumptions remain intact despite recent target cuts.Narrative Update • Mar 08
BRG: Dividend Support And Niche Margin Resilience Will Drive Future Upside
Analysts have trimmed their Borregaard price targets, with one key house cutting its view by NOK 45. This reflects a more cautious stance that also feeds into slightly lower assumed discount rates and P/E multiples in updated models.Narrative Update • Feb 22
BRG: Dividend And Margin Resilience Will Support Higher Future Fair Value
Analysts have trimmed their Borregaard price targets, with one cut of NOK 45 reflecting slightly higher discount rates and only marginal tweaks to long term revenue growth, profit margins and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts appear comfortable that only marginal adjustments to long term revenue growth, profit margins and future P/E assumptions are needed, which suggests they still view the core earnings profile as intact.Analysis Article • Feb 08
Borregaard (OB:BRG) Is Increasing Its Dividend To NOK4.75
Borregaard ASA ( OB:BRG ) will increase its dividend from last year's comparable payment on the 27th of April to...Narrative Update • Feb 08
BRG: Dividend Policy And Higher Margins Will Support Future Fair Value
Analysts have reduced their fair value estimate for Borregaard from NOK 211.40 to NOK 200.00, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E following recent research, including a downgrade from SEB Equities. Analyst Commentary Bullish Takeaways Bullish analysts see the revised fair value of NOK 200.00 as still implying room for execution on revenue growth and margins, even after accounting for a higher discount rate and more cautious P/E assumptions.Analysis Article • Feb 03
Is Now The Time To Look At Buying Borregaard ASA (OB:BRG)?
Borregaard ASA ( OB:BRG ), might not be a large cap stock, but it received a lot of attention from a substantial price...Narrative Update • Jan 23
BRG: Government Support And Bio Project Will Continue To Underpin Fair Value
Analysts have trimmed their fair value estimate for Borregaard slightly from NOK 212.50 to about NOK 211.40, reflecting modest adjustments to the discount rate, revenue growth, profit margin and forward P/E inputs. Valuation Changes Fair Value Estimate has been adjusted slightly from NOK 212.50 to about NOK 211.40.Narrative Update • Jan 08
BRG: Government Support And Bio Project Will Support Fairly Valued Outlook
Analysts have kept their fair value estimate for Borregaard steady at NOK 212.50, with only slight technical adjustments to inputs such as discount rate, revenue growth, profit margin, and future P/E feeding into the updated price target rationale. Valuation Changes Fair Value: The fair value estimate is unchanged at NOK 212.50, with no modification to the central valuation point.Narrative Update • Dec 19
BRG: Government Support And Bio Project Will Support Stable Future Outlook
Analysts have marginally raised their price target on Borregaard to NOK 212.50, citing slightly lower discount rate assumptions while keeping revenue growth, profit margin, and future P E expectations essentially unchanged. What's in the News Norwegian Research Council awards Borregaard NOK 15 million for its Biomer innovation project, supporting development of bio based alternatives to fossil based polycarboxylates used in agriculture, industry, and household products (Norwegian Research Council) Biomer project to leverage Borregaard’s Sarpsborg biorefinery and wood chemistry expertise to convert Norwegian bioresources into greener polymers with a significantly lower environmental footprint (Norwegian Research Council) Valuation Changes The fair value estimate remains unchanged at NOK 212.50 per share, indicating no revision to the overall intrinsic value assessment.Narrative Update • Dec 05
BRG: Government Support And Stable Outlook Will Offset Temporary Production Disruption
Analysts have nudged their price target on Borregaard slightly higher to NOK 212.50, reflecting marginally lower discount rate assumptions and continued expectations for steady revenue growth, profit margins, and valuation multiples. What's in the News NOK 15 million in funding from the Norwegian Research Council will support Borregaard’s Biomer project, which aims to develop bio based alternatives to fossil based polycarboxylates used across agriculture, industry, and household products (Regulatory Authority: Compliance).Narrative Update • Nov 21
BRG: Recent Government Support Will Strengthen Outlook Amid Temporary Production Disruption
Analysts have maintained Borregaard's price target at NOK 212.50. This reflects continued confidence in the company’s financial outlook, despite only marginal adjustments to key assumptions.Narrative Update • Nov 06
BRG: Rising Bio-Based Support Will Drive Long-Term Upside Momentum
Analysts have revised Borregaard’s fair value target slightly downwards, from NOK 214.75 to NOK 212.50. They cite updated projections for profit margins and market conditions as influencing factors.Narrative Update • Oct 23
Analysts Adjust Borregaard Price Target and Valuation Following Recent Updates and Ongoing Developments
Analysts have slightly lowered their price target for Borregaard from NOK 217.50 to NOK 214.75. This change is due to minor adjustments in discount rate and valuation metrics after reviewing updated forecasts.Analysis Article • Sep 17
Borregaard (OB:BRG) Is Experiencing Growth In Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Analysis Article • Sep 02
We Think Borregaard (OB:BRG) Can Stay On Top Of Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jul 19
Analysts Are Updating Their Borregaard ASA (OB:BRG) Estimates After Its Second-Quarter Results
Shareholders might have noticed that Borregaard ASA ( OB:BRG ) filed its quarterly result this time last week. The...Analysis Article • Jun 10
If EPS Growth Is Important To You, Borregaard (OB:BRG) Presents An Opportunity
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • May 03
Borregaard ASA (OB:BRG) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Borregaard ASA ( OB:BRG ) just released its latest quarterly results and things are looking bullish. Results were good...Analysis Article • Apr 04
Here's Why Borregaard ASA's (OB:BRG) CEO Compensation Is The Least Of Shareholders Concerns
Key Insights Borregaard to hold its Annual General Meeting on 10th of April CEO Per Sørlie's total compensation...Analysis Article • Mar 19
There's Reason For Concern Over Borregaard ASA's (OB:BRG) Price
With a price-to-earnings (or "P/E") ratio of 21.5x Borregaard ASA ( OB:BRG ) may be sending very bearish signals at the...
New Narrative • Feb 02
BioSolutions Expansion And Environmental Initiatives Will Benefit Future Operations
Focus on high-value products and specialization in BioSolutions and BioMaterials aims to improve product mix and enhance net margins.Analysis Article • Feb 01
Borregaard ASA (OB:BRG) Just Released Its Yearly Earnings: Here's What Analysts Think
It's been a good week for Borregaard ASA ( OB:BRG ) shareholders, because the company has just released its latest...Analysis Article • Jan 24
Returns Are Gaining Momentum At Borregaard (OB:BRG)
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...Analysis Article • Nov 21
Borregaard ASA's (OB:BRG) Business Is Yet to Catch Up With Its Share Price
Borregaard ASA's ( OB:BRG ) price-to-earnings (or "P/E") ratio of 22.5x might make it look like a strong sell right now...Analysis Article • Sep 21
Here's Why Borregaard (OB:BRG) Can Manage Its Debt Responsibly
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Aug 31
Borregaard (OB:BRG) Shareholders Will Want The ROCE Trajectory To Continue
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Jul 23
Borregaard ASA's (OB:BRG) Share Price Not Quite Adding Up
With a price-to-earnings (or "P/E") ratio of 23.1x Borregaard ASA ( OB:BRG ) may be sending very bearish signals at the...Analysis Article • Jun 22
Here's Why Borregaard (OB:BRG) Can Manage Its Debt Responsibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jun 07
Calculating The Fair Value Of Borregaard ASA (OB:BRG)
Key Insights The projected fair value for Borregaard is kr223 based on 2 Stage Free Cash Flow to Equity Borregaard's...Analysis Article • Apr 05
This Is Why We Think Borregaard ASA's (OB:BRG) CEO Might Get A Pay Rise Approved By Shareholders
Key Insights Borregaard's Annual General Meeting to take place on 11th of April CEO Per Sørlie's total compensation...Analysis Article • Apr 05
This Is Why We Think Borregaard ASA's (OB:BRG) CEO Might Get A Pay Rise Approved By Shareholders
Key Insights Borregaard to hold its Annual General Meeting on 11th of April Salary of kr4.12m is part of CEO Per...Analysis Article • Feb 12
These 4 Measures Indicate That Borregaard (OB:BRG) Is Using Debt Reasonably Well
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jan 27
There's Reason For Concern Over Borregaard ASA's (OB:BRG) Price
When close to half the companies in Norway have price-to-earnings ratios (or "P/E's") below 11x, you may consider...Analysis Article • Jan 06
Investors Will Want Borregaard's (OB:BRG) Growth In ROCE To Persist
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Nov 03
Calculating The Intrinsic Value Of Borregaard ASA (OB:BRG)
Key Insights Borregaard's estimated fair value is kr155 based on 2 Stage Free Cash Flow to Equity Current share price...Analysis Article • Oct 19
Here's Why Borregaard (OB:BRG) Can Manage Its Debt Responsibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Sep 26
Is Now The Time To Put Borregaard (OB:BRG) On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Sep 07
Borregaard (OB:BRG) Is Investing Its Capital With Increasing Efficiency
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Shareholder Returns
| BRG | NO Chemicals | NO Market | |
|---|---|---|---|
| 7D | -3.7% | -1.2% | -3.0% |
| 1Y | -20.6% | 37.2% | 22.6% |
Return vs Industry: BRG underperformed the Norwegian Chemicals industry which returned 36.2% over the past year.
Return vs Market: BRG underperformed the Norwegian Market which returned 24.3% over the past year.
Price Volatility
| BRG volatility | |
|---|---|
| BRG Average Weekly Movement | 3.7% |
| Chemicals Industry Average Movement | 7.4% |
| Market Average Movement | 5.5% |
| 10% most volatile stocks in NO Market | 11.7% |
| 10% least volatile stocks in NO Market | 3.3% |
Stable Share Price: BRG has not had significant price volatility in the past 3 months compared to the Norwegian market.
Volatility Over Time: BRG's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | 1,193 | Tom Foss-Jacobsen | www.borregaard.com |
Borregaard ASA engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally. It operates in three segments: BioSolutions, BioMaterials, and Fine Chemicals. The BioSolutions segment develops, produces, and sells biopolymers and biovanillin derived from lignin for agrochemicals, batteries, industrial binders, and construction, as well as to flavor and fragrance companies, and food and beverage industry.
Borregaard ASA Fundamentals Summary
| BRG fundamental statistics | |
|---|---|
| Market cap | NOK 14.69b |
| Earnings (TTM) | NOK 551.00m |
| Revenue (TTM) | NOK 7.68b |
26.6x
P/E Ratio1.9x
P/S RatioIs BRG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BRG income statement (TTM) | |
|---|---|
| Revenue | NOK 7.68b |
| Cost of Revenue | NOK 2.71b |
| Gross Profit | NOK 4.97b |
| Other Expenses | NOK 4.42b |
| Earnings | NOK 551.00m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 16, 2026
| Earnings per share (EPS) | 5.51 |
| Gross Margin | 64.71% |
| Net Profit Margin | 7.17% |
| Debt/Equity Ratio | 26.6% |
How did BRG perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield86%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/08 18:55 |
| End of Day Share Price | 2026/05/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Borregaard ASA is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Andres Castanos-Mollor | Berenberg |
| Elliott Geoffrey Jones | Danske Bank |