Belships ASA owns and operates dry bulk ships worldwide. More Details
Reasonable growth potential and slightly overvalued.
Share Price & News
How has Belships's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BEL has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BEL matched the Norwegian Shipping industry which returned -17.2% over the past year.
Return vs Market: BEL underperformed the Norwegian Market which returned -10.3% over the past year.
Price Volatility Vs. Market
How volatile is Belships's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StShould Belships ASA’s (OB:BEL) Weak Investment Returns Worry You?
1 year ago | Simply Wall StA Closer Look At Belships ASA's (OB:BEL) Impressive ROE
2 years ago | Simply Wall StWhat Do You Get For Owning Belships ASA (OB:BEL)?
Is Belships undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BEL (NOK5.95) is trading below our estimate of fair value (NOK20.77)
Significantly Below Fair Value: BEL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BEL is unprofitable, so we can't compare its PE Ratio to the NO Shipping industry average.
PE vs Market: BEL 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 BEL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BEL is overvalued based on its PB Ratio (1x) compared to the NO Shipping industry average (0.6x).
How is Belships forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BEL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: BEL is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: BEL's is expected to become profitable in the next 3 years.
Revenue vs Market: BEL's revenue (12.4% per year) is forecast to grow faster than the Norwegian market (5.7% per year).
High Growth Revenue: BEL's revenue (12.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BEL's Return on Equity is forecast to be low in 3 years time (12%).
How has Belships performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BEL is currently unprofitable.
Growing Profit Margin: BEL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BEL is unprofitable, but has reduced losses over the past 5 years at a rate of 50.7% per year.
Accelerating Growth: Unable to compare BEL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BEL is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-13.1%).
Return on Equity
High ROE: BEL has a negative Return on Equity (-7.83%), as it is currently unprofitable.
How is Belships's financial position?
Financial Position Analysis
Short Term Liabilities: BEL's short term assets ($48.3M) exceed its short term liabilities ($35.4M).
Long Term Liabilities: BEL's short term assets ($48.3M) do not cover its long term liabilities ($268.8M).
Debt to Equity History and Analysis
Debt Level: BEL's debt to equity ratio (93.7%) is considered high.
Reducing Debt: BEL's debt to equity ratio has increased from 74.3% to 93.7% 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: Insufficient data to determine if BEL has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if BEL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Belships's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BEL's dividend (0.67%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (2.49%).
High Dividend: BEL's dividend (0.67%) is low compared to the top 25% of dividend payers in the Norwegian market (6.65%).
Stability and Growth of Payments
Stable Dividend: BEL is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are stable.
Growing Dividend: BEL is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: BEL is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BEL'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?
Lars Skarsgård (39 yo)
Mr. Lars Christian Skarsgård has been Chief Executive Officer of Belships ASA since March 15, 2019. Mr. Skarsgård serves as a Director of Fearnleys AS.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.5%.
Belships ASA's company bio, employee growth, exchange listings and data sources
- Name: Belships ASA
- Ticker: BEL
- Exchange: OB
- Founded: 1918
- Industry: Marine
- Sector: Transportation
- Market Cap: kr1.320b
- Shares outstanding: 227.63m
- Website: https://www.belships.com
Number of Employees
- Belships ASA
- Lilleakerveien 4
- Box 23
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BEL||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jan 1992|
|0DQB||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jan 1992|
|BELO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jan 1992|
Belships ASA owns and operates dry bulk ships worldwide. It operates through Dry Bulk and Technical Management segments. The company operates a fleet of 18 ships. It also provides commercial management and ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/23 20:47|
|End of Day Share Price||2020/10/23 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.