Belships Past Earnings Performance
Past criteria checks 3/6
Belships has been growing earnings at an average annual rate of 34%, while the Shipping industry saw earnings growing at 51.4% annually. Revenues have been growing at an average rate of 20.3% per year. Belships's return on equity is 26%, and it has net margins of 18.5%.
Key information
34.0%
Earnings growth rate
33.6%
EPS growth rate
| Shipping Industry Growth | 48.6% |
| Revenue growth rate | 20.3% |
| Return on equity | 26.0% |
| Net Margin | 18.5% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Investors Aren't Buying Belships ASA's (OB:BELCO) Earnings
Sep 26
Some May Be Optimistic About Belships' (OB:BELCO) Earnings
Aug 30Revenue Downgrade: Here's What Analysts Forecast For Belships ASA (OB:BELCO)
Aug 23Does Belships (OB:BELCO) Have A Healthy Balance Sheet?
Jun 12Industry Analysts Just Upgraded Their Belships ASA (OB:BELCO) Revenue Forecasts By 23%
May 13There's Been No Shortage Of Growth Recently For Belships' (OB:BELCO) Returns On Capital
Mar 23Analysts Just Published A Bright New Outlook For Belships ASA's (OB:BELCO)
Feb 27Earnings Beat: Belships ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Feb 23Time To Worry? Analysts Just Downgraded Their Belships ASA (OB:BELCO) Outlook
Feb 03Returns On Capital Are Showing Encouraging Signs At Belships (OB:BELCO)
Dec 18Belships (OB:BELCO) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 21Revenue & Expenses Breakdown
How Belships makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 363 | 67 | 1 | 0 |
| 30 Jun 24 | 384 | 63 | 2 | 0 |
| 31 Mar 24 | 430 | 60 | 1 | 0 |
| 31 Dec 23 | 428 | 67 | 1 | 0 |
| 30 Sep 23 | 471 | 77 | 1 | 0 |
| 30 Jun 23 | 532 | 109 | 0 | 0 |
| 31 Mar 23 | 609 | 120 | 1 | 0 |
| 31 Dec 22 | 726 | 147 | 2 | 0 |
| 30 Sep 22 | 800 | 169 | 4 | 0 |
| 30 Jun 22 | 855 | 147 | 4 | 0 |
| 31 Mar 22 | 802 | 136 | 1 | 0 |
| 31 Dec 21 | 651 | 104 | 2 | 0 |
| 30 Sep 21 | 482 | 54 | 3 | 0 |
| 30 Jun 21 | 320 | 24 | 2 | 0 |
| 31 Mar 21 | 208 | -5 | 5 | 0 |
| 31 Dec 20 | 165 | -20 | 1 | 0 |
| 30 Sep 20 | 144 | -17 | 0 | 0 |
| 30 Jun 20 | 133 | -12 | 2 | 0 |
| 31 Mar 20 | 134 | 2 | 6 | 0 |
| 31 Dec 19 | 131 | 3 | 5 | 0 |
| 30 Sep 19 | 122 | 16 | 7 | 0 |
| 30 Jun 19 | 117 | 19 | 5 | 0 |
| 31 Mar 19 | 109 | 20 | 4 | 0 |
| 31 Dec 18 | 98 | 18 | 3 | 0 |
| 30 Sep 18 | 166 | 16 | 5 | 0 |
| 30 Jun 18 | 146 | 14 | 5 | 0 |
| 31 Mar 18 | 131 | 14 | 4 | 0 |
| 31 Dec 17 | 117 | 15 | 3 | 0 |
| 30 Sep 17 | 26 | 4 | 1 | 0 |
| 30 Jun 17 | 26 | 3 | 1 | 0 |
| 31 Mar 17 | 26 | 3 | 1 | 0 |
| 31 Dec 16 | 25 | -15 | 1 | 0 |
| 30 Sep 16 | 25 | -36 | 1 | 0 |
| 30 Jun 16 | 24 | -40 | 1 | 0 |
| 31 Mar 16 | 23 | -45 | 1 | 0 |
| 31 Dec 15 | 22 | -30 | 1 | 0 |
| 30 Sep 15 | 22 | -10 | 0 | 0 |
| 30 Jun 15 | 21 | -8 | 0 | 0 |
| 31 Mar 15 | 21 | -4 | 1 | 0 |
| 31 Dec 14 | 22 | -2 | 1 | 0 |
| 30 Sep 14 | 23 | -1 | 1 | 0 |
| 30 Jun 14 | 25 | -1 | 2 | 0 |
| 31 Mar 14 | 26 | 0 | 0 | 0 |
| 31 Dec 13 | 26 | 0 | 1 | 0 |
Quality Earnings: BELCO has high quality earnings.
Growing Profit Margin: BELCO's current net profit margins (18.5%) are higher than last year (16.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: BELCO's earnings have grown significantly by 34% per year over the past 5 years.
Accelerating Growth: BELCO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BELCO had negative earnings growth (-12.7%) over the past year, making it difficult to compare to the Shipping industry average (31.1%).
Return on Equity
High ROE: Whilst BELCO's Return on Equity (25.95%) is high, this metric is skewed due to their high level of debt.