Belships Future Growth

Future criteria checks 4/6

Belships is forecast to grow earnings and revenue by 13% and 2.3% per annum respectively. EPS is expected to grow by 12.9% per annum. Return on equity is forecast to be 23.7% in 3 years.

Key information

13.0%

Earnings growth rate

12.9%

EPS growth rate

Shipping earnings growth	-2.8%
Revenue growth rate	2.3%
Future return on equity	23.7%
Analyst coverage	Low
Last updated	20 Dec 2024

Recent future growth updates

Recent updates

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

May 13

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

Mar 23

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

Feb 27

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

Feb 23

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

Feb 03

Returns On Capital Are Showing Encouraging Signs At Belships (OB:BELCO)

Dec 18

Belships (OB:BELCO) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Nov 21

Earnings and Revenue Growth Forecasts

OB:BELCO - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	388	90	113	144	3
12/31/2025	336	64	82	119	3
12/31/2024	361	64	116	102	3
9/30/2024	363	69	118	99	N/A
6/30/2024	384	63	112	92	N/A
3/31/2024	430	60	125	124	N/A
12/31/2023	428	67	121	121	N/A
9/30/2023	471	76	105	140	N/A
6/30/2023	532	109	81	155	N/A
3/31/2023	609	120	79	155	N/A
12/31/2022	726	147	85	172	N/A
9/30/2022	800	169	43	166	N/A
6/30/2022	855	147	81	193	N/A
3/31/2022	802	136	77	179	N/A
12/31/2021	651	104	59	149	N/A
9/30/2021	482	54	74	110	N/A
6/30/2021	320	24	51	62	N/A
3/31/2021	208	-5	6	19	N/A
12/31/2020	165	-20	-2	14	N/A
9/30/2020	144	-17	31	19	N/A
6/30/2020	133	-12	-12	13	N/A
3/31/2020	134	2	-9	15	N/A
12/31/2019	131	3	-1	21	N/A
9/30/2019	122	16	-39	15	N/A
6/30/2019	117	19	-14	18	N/A
3/31/2019	109	20	-2	17	N/A
12/31/2018	98	18	-6	13	N/A
9/30/2018	166	16	-14	12	N/A
6/30/2018	146	14	N/A	9	N/A
3/31/2018	131	14	N/A	9	N/A
12/31/2017	117	15	N/A	8	N/A
9/30/2017	26	4	N/A	7	N/A
6/30/2017	26	3	N/A	6	N/A
3/31/2017	26	3	N/A	5	N/A
12/31/2016	25	-15	N/A	6	N/A
9/30/2016	25	-36	N/A	5	N/A
6/30/2016	24	-40	N/A	6	N/A
3/31/2016	23	-45	N/A	6	N/A
12/31/2015	22	-30	N/A	7	N/A
9/30/2015	22	-10	N/A	8	N/A
6/30/2015	21	-8	N/A	7	N/A
3/31/2015	21	-4	N/A	9	N/A
12/31/2014	22	-2	N/A	6	N/A
9/30/2014	23	-1	N/A	7	N/A
6/30/2014	25	-1	N/A	8	N/A
3/31/2014	26	0	N/A	7	N/A
12/31/2013	26	0	N/A	7	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BELCO's forecast earnings growth (13% per year) is above the savings rate (2.4%).

Earnings vs Market: BELCO's earnings (13% per year) are forecast to grow faster than the Norwegian market (9.6% per year).

High Growth Earnings: BELCO's earnings are forecast to grow, but not significantly.

Revenue vs Market: BELCO's revenue (2.3% per year) is forecast to grow faster than the Norwegian market (2.2% per year).

High Growth Revenue: BELCO's revenue (2.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BELCO's Return on Equity is forecast to be high in 3 years time (23.7%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 02:33
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

Belships ASA is covered by 6 analysts. 4 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
Håvard Lie	Danske Bank
Øystein Vaagen	Fearnley Securities
Fredrik Dybwad	Fearnley Securities

Belships Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus revenue estimates increase by 10%, EPS downgraded

Consensus revenue estimates fall by 15%

Consensus revenue estimates increase by 19%

Consensus revenue estimates decrease by 17%

Consensus EPS estimates fall by 12%

Consensus revenue estimates increase by 14%, EPS downgraded

Recent updates

Belships ASA, Annual General Meeting, May 07, 2025

Belships ASA to Report Q1, 2025 Results on May 08, 2025

ENTRUST GLOBAL LTD. have entered into the Transaction Agreement regarding voluntary cash tender offer to acquire Belships ASA (OB:BELCO) from shareholders, including members of the Board and the executive management of Belships and others ASA for NOK 5.2 billion.

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

New minor risk - Share price stability

Investor sentiment improves as stock rises 25%

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Belships ASA Announces Dividend Distribution, Payable on 26 November 2024

Consensus revenue estimates increase by 10%, EPS downgraded

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

Belships ASA Declares Ordinary Cash Dividend, Payable on 4 October 2024

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

Director recently bought kr314k worth of stock

Second quarter dividend of kr0.55 announced

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

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

Consensus revenue estimates fall by 15%

Belships ASA Announces Distribution of Dividend for 2023, Payable on September 3, 2024

Consensus revenue estimates increase by 19%

New minor risk - Financial position

Belships ASA Announces Cash Dividend, Payable on 23 May 2024

An undisclosed buyer completed the acquisition of 50% stake in Lighthouse Navigation Pte. Ltd from Belships ASA (OB:BELCO).

Investor sentiment improves as stock rises 16%

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Belships ASA Announces Dividend

Full year 2023 earnings released: EPS: US$0.30 (vs US$0.58 in FY 2022)

Belships ASA, Annual General Meeting, May 08, 2024

Consensus revenue estimates decrease by 17%

Belships Asa Announces Cash Dividend, Payable on 22 November 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Belships ASA Announces Cash Dividend from the Previously Paid in Capital, Payable on September 5, 2023

New minor risk - Financial position

Belships ASA Announces Distribution of Dividend for 2022

Consensus EPS estimates fall by 12%

V.Group Ltd. acquired Belships Management (Singapore) Pte., Ltd.

Consensus revenue estimates increase by 14%, EPS downgraded

Chief Financial Officer recently bought kr550k worth of stock

Belships ASA Announces Cash Dividend, Payable on 30 May 2023

Belships ASA Announces Cash Dividend, Payable on 30 May 2023

Consensus revenue estimates fall by 15%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Full year 2022 earnings released: EPS: US$0.69 (vs US$0.42 in FY 2021)

Belships ASA to Report Q1, 2023 Results on May 09, 2023

No independent directors

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Belships ASA Declares Cash Dividend, Payable on 5 December 2022

Consensus revenue estimates fall by 13%

Chief Financial Officer recently bought kr743k worth of stock

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: US$0.12 (vs US$0.09 in 2Q 2021)

Chief Financial Officer recently bought kr921k worth of stock

Belships ASA Declares Dividend for the Second Quarter of 2022, Payable on 7 September 2022

Belships ASA Declares Dividend for the Second Quarter of 2022

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

Belships ASA Announces Chief Financial Officer Changes

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Belships ASA Declares Extraordinary Dividend Payment

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

Consensus revenue estimates increase by 24%

Belships ASA Announces Cash Dividend, Payable on May 31, 2022

No independent directors

Consensus forecasts updated

Full year 2021 earnings: EPS and revenues exceed analyst expectations

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

Consensus EPS estimates fall by 11%

Consensus revenue estimates fall by 16%

Consensus revenue estimates increase by 23%

Chief Financial Officer recently bought kr348k worth of stock