Western Bulk Chartering AS, together with its subsidiaries, operates in the dry bulk shipping market. More Details
Adequate balance sheet with weak fundamentals.
Share Price & News
How has Western Bulk Chartering's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: Insufficient data to determine WEST's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine WEST's volatility change over the past year.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how WEST performed against the Norwegian Shipping industry.
Return vs Market: Insufficient data to determine how WEST performed against the Norwegian Market.
Long-Term Price Volatility Vs. Market
How volatile is Western Bulk Chartering's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Western Bulk Chartering undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate WEST's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate WEST's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: WEST is unprofitable, so we can't compare its PE Ratio to the NO Shipping industry average.
PE vs Market: WEST 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 WEST's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WEST is overvalued based on its PB Ratio (2.6x) compared to the NO Shipping industry average (0.8x).
How is Western Bulk Chartering forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Transportation industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Western Bulk Chartering has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Western Bulk Chartering's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Transportation industry.
How has Western Bulk Chartering performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WEST is currently unprofitable.
Growing Profit Margin: WEST is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: WEST is unprofitable, but has reduced losses over the past 5 years at a rate of 11.2% per year.
Accelerating Growth: Unable to compare WEST's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WEST is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-34.3%).
Return on Equity
High ROE: WEST has a negative Return on Equity (-114.92%), as it is currently unprofitable.
How is Western Bulk Chartering's financial position?
Financial Position Analysis
Short Term Liabilities: WEST's short term assets ($74.6M) exceed its short term liabilities ($61.0M).
Long Term Liabilities: WEST's short term assets ($74.6M) exceed its long term liabilities ($1.4M).
Debt to Equity History and Analysis
Debt Level: WEST's debt to equity ratio (181.4%) is considered high.
Reducing Debt: Insufficient data to determine if WEST's debt to equity ratio has reduced 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: WEST has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: WEST has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 18.8% each year.
What is Western Bulk Chartering current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WEST's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WEST's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if WEST's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WEST's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WEST'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?
Average management tenure
Hans Aasnaes (57 yo)
Mr. Hans Aasnæs, CFA has been Chief Executive Officer of Western Bulk Chartering AS since July 1, 2019. Mr. Aasnæs serves as the Chief Executive Officer and Director of Umoe BioEnergy ASA. Mr. Aasnæs serve...
CEO Compensation Analysis
Compensation vs Market: Hans's total compensation ($USD489.00K) is above average for companies of similar size in the Norwegian market ($USD375.58K).
Compensation vs Earnings: Insufficient data to compare Hans's compensation with company performance.
|Chief Executive Officer||1.33yrs||US$489.00k||no data|
|Chief Financial Officer||3.42yrs||no data||no data|
|Chief Strategy & Transformation Officer||1.33yrs||no data||no data|
Experienced Management: WEST's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
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 substantially diluted in the past year, with total shares outstanding growing by 97%.
Western Bulk Chartering AS's company bio, employee growth, exchange listings and data sources
- Name: Western Bulk Chartering AS
- Ticker: WEST
- Exchange: OTCNO
- Founded: 1982
- Industry: Marine
- Sector: Transportation
- Market Cap: kr362.184m
- Shares outstanding: 27.86m
- Website: https://www.westernbulk.com
Number of Employees
- Western Bulk Chartering AS
- Henrik Ibsens Gate 100
- PO Box 2868
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WEST||OTCNO (Norway OTC)||Yes||Ordinary Shares||NO||NOK||Jun 2017|
Western Bulk Chartering AS, together with its subsidiaries, operates in the dry bulk shipping market. It is involved in chartering and operating dry bulk vessels for the transportation of products, such as...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/01 19:12|
|End of Day Share Price||2020/11/30 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.