company background image
BELCO logo

Belships OB:BELCO Stock Report

Last Price

NOK 20.25

Market Cap

NOK 5.1b

7D

-0.5%

1Y

-8.2%

Updated

20 Feb, 2025

Data

Company Financials +

Belships ASA

OB:BELCO Stock Report

Market Cap: NOK 5.1b

BELCO Stock Overview

Owns and operates dry bulk ships worldwide. More details

BELCO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance3/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 70.9% below our estimate of its fair value

Earnings are forecast to grow 28.89% per year

Risk Analysis

Volatile share price over the past 3 months compared to the Norwegian market

Large one-off items impacting financial results


My Notes

Capture your thoughts, links and company narrative

Belships ASA Competitors

Frøy

OB:FROY

NOK 6.6b

Klaveness Combination Carriers

OB:KCC

NOK 3.9b

Odfjell

OB:ODF

NOK 7.8b

2020 Bulkers

OB:2020

NOK 3.0b

Price History & Performance

Summary of share price highs, lows and changes for Belships
Historical stock prices
Current Share PriceNOK 20.25
52 Week HighNOK 26.20
52 Week LowNOK 15.48
Beta0.66
1 Month Change0.50%
3 Month Change10.05%
1 Year Change-8.16%
3 Year Change19.82%
5 Year Change226.61%
Change since IPO-37.69%

Recent News & Updates

Belships (OB:BELCO) Is Doing The Right Things To Multiply Its Share Price

Dec 21
Belships (OB:BELCO) Is Doing The Right Things To Multiply Its Share Price

Recent updates

Belships (OB:BELCO) Is Doing The Right Things To Multiply Its Share Price

Dec 21
Belships (OB:BELCO) Is Doing The Right Things To Multiply Its Share Price

Investors Aren't Buying Belships ASA's (OB:BELCO) Earnings

Sep 26
Investors Aren't Buying Belships ASA's (OB:BELCO) Earnings

Some May Be Optimistic About Belships' (OB:BELCO) Earnings

Aug 30
Some May Be Optimistic About Belships' (OB:BELCO) Earnings

Revenue Downgrade: Here's What Analysts Forecast For Belships ASA (OB:BELCO)

Aug 23
Revenue Downgrade: Here's What Analysts Forecast For Belships ASA (OB:BELCO)

Does Belships (OB:BELCO) Have A Healthy Balance Sheet?

Jun 12
Does Belships (OB:BELCO) Have A Healthy Balance Sheet?

Industry Analysts Just Upgraded Their Belships ASA (OB:BELCO) Revenue Forecasts By 23%

May 13
Industry Analysts Just Upgraded Their Belships ASA (OB:BELCO) Revenue Forecasts By 23%

There's Been No Shortage Of Growth Recently For Belships' (OB:BELCO) Returns On Capital

Mar 23
There's Been No Shortage Of Growth Recently For Belships' (OB:BELCO) Returns On Capital

Analysts Just Published A Bright New Outlook For Belships ASA's (OB:BELCO)

Feb 27
Analysts Just Published A Bright New Outlook For Belships ASA's (OB:BELCO)

Earnings Beat: Belships ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Feb 23
Earnings Beat: Belships ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Time To Worry? Analysts Just Downgraded Their Belships ASA (OB:BELCO) Outlook

Feb 03
Time To Worry? Analysts Just Downgraded Their Belships ASA (OB:BELCO) Outlook

Shareholder Returns

BELCONO ShippingNO Market
7D-0.5%-5.1%0.5%
1Y-8.2%-14.7%9.0%

Return vs Industry: BELCO exceeded the Norwegian Shipping industry which returned -13.9% over the past year.

Return vs Market: BELCO underperformed the Norwegian Market which returned 8.8% over the past year.

Price Volatility

Is BELCO's price volatile compared to industry and market?
BELCO volatility
BELCO Average Weekly Movement8.7%
Shipping Industry Average Movement5.6%
Market Average Movement5.2%
10% most volatile stocks in NO Market12.9%
10% least volatile stocks in NO Market2.6%

Stable Share Price: BELCO's share price has been volatile over the past 3 months compared to the Norwegian market.

Volatility Over Time: BELCO's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
1918631Lars Skarsgårdwww.belships.com

Belships ASA owns and operates dry bulk ships worldwide. It operates through Belships and Lighthouse Navigation segments. The company operates a fleet of 38 modern Supra/Ultramax bulk carriers, including newbuildings.

Belships ASA Fundamentals Summary

How do Belships's earnings and revenue compare to its market cap?
BELCO fundamental statistics
Market capNOK 5.12b
Earnings (TTM)NOK 646.95m
Revenue (TTM)NOK 3.53b

7.9x

P/E Ratio

1.5x

P/S Ratio

Is BELCO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BELCO income statement (TTM)
RevenueUS$317.27m
Cost of RevenueUS$206.62m
Gross ProfitUS$110.65m
Other ExpensesUS$52.48m
EarningsUS$58.17m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Apr 02, 2025

Earnings per share (EPS)0.23
Gross Margin34.88%
Net Profit Margin18.33%
Debt/Equity Ratio31.3%

How did BELCO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/20 05:20
End of Day Share Price 2025/02/20 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Belships ASA is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Håvard LieDanske Bank
Fredrik DybwadFearnley Securities
Erik HoviNordea Markets