BELSHIPS ASA (BELCO.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:BELCO - NO0003094104 - Common Stock
20.35 NOK
0 (0%)
BELCO gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 17 industry peers in the Marine Transportation industry. There are concerns on the financial health of BELCO while its profitability can be described as average. BELCO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- BELCO had positive earnings in the past year.
- BELCO had a positive operating cash flow in the past year.
- BELCO had positive earnings in 4 of the past 5 years.
- Each year in the past 5 years BELCO had a positive operating cash flow.
1.2 Ratios
- BELCO has a Return On Assets of 7.06%. This is in the lower half of the industry: BELCO underperforms 63.16% of its industry peers.
- BELCO's Return On Equity of 22.99% is in line compared to the rest of the industry. BELCO outperforms 57.89% of its industry peers.
- BELCO has a Return On Invested Capital (6.77%) which is comparable to the rest of the industry.
- BELCO had an Average Return On Invested Capital over the past 3 years of 10.05%. This is in line with the industry average of 8.74%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.06% | ||
| ROE | 22.99% | ||
| ROIC | 6.77% |
ROA(3y)9.96%
ROA(5y)7.73%
ROE(3y)36.04%
ROE(5y)27.47%
ROIC(3y)10.05%
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 14.01%, BELCO is doing worse than 63.16% of the companies in the same industry.
- In the last couple of years the Profit Margin of BELCO has grown nicely.
- With a Operating Margin value of 16.15%, BELCO perfoms like the industry average, outperforming 57.89% of the companies in the same industry.
- BELCO's Operating Margin has improved in the last couple of years.
- BELCO has a better Gross Margin (76.45%) than 94.74% of its industry peers.
- BELCO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.15% | ||
| PM (TTM) | 14.01% | ||
| GM | 76.45% |
OM growth 3Y0.15%
OM growth 5Y18.78%
PM growth 3Y3.21%
PM growth 5Y45.38%
GM growth 3Y-1.41%
GM growth 5Y-1.22%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BELCO is creating some value.
- Compared to 1 year ago, BELCO has about the same amount of shares outstanding.
- The number of shares outstanding for BELCO has been increased compared to 5 years ago.
- The debt/assets ratio for BELCO is higher compared to a year ago.
2.2 Solvency
- BELCO has an Altman-Z score of 1.60. This is a bad value and indicates that BELCO is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of 1.60, BELCO is not doing good in the industry: 68.42% of the companies in the same industry are doing better.
- The Debt to FCF ratio of BELCO is 9.10, which is on the high side as it means it would take BELCO, 9.10 years of fcf income to pay off all of its debts.
- BELCO has a worse Debt to FCF ratio (9.10) than 68.42% of its industry peers.
- BELCO has a Debt/Equity ratio of 1.98. This is a high value indicating a heavy dependency on external financing.
- BELCO has a Debt to Equity ratio of 1.98. This is amonst the worse of the industry: BELCO underperforms 89.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.98 | ||
| Debt/FCF | 9.1 | ||
| Altman-Z | 1.6 |
ROIC/WACC0.92
WACC7.39%
2.3 Liquidity
- A Current Ratio of 2.30 indicates that BELCO has no problem at all paying its short term obligations.
- BELCO has a Current ratio of 2.30. This is in the better half of the industry: BELCO outperforms 78.95% of its industry peers.
- A Quick Ratio of 2.19 indicates that BELCO has no problem at all paying its short term obligations.
- BELCO has a Quick ratio of 2.19. This is in the better half of the industry: BELCO outperforms 78.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.3 | ||
| Quick Ratio | 2.19 |
3. Growth
3.1 Past
- BELCO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -33.33%.
- The Earnings Per Share has been growing by 51.57% on average over the past years. This is a very strong growth
- The Revenue for BELCO has decreased by -26.78% in the past year. This is quite bad
- BELCO shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.77% yearly.
EPS 1Y (TTM)-33.33%
EPS 3Y-20.18%
EPS 5Y51.57%
EPS Q2Q%-66.67%
Revenue 1Y (TTM)-26.78%
Revenue growth 3Y-20.16%
Revenue growth 5Y20.77%
Sales Q2Q%-40.5%
3.2 Future
- BELCO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 31.02% yearly.
- The Revenue is expected to grow by 1.39% on average over the next years.
EPS Next Y43.77%
EPS Next 2Y31.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-11%
Revenue Next 2Y1.39%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 7.95 indicates a rather cheap valuation of BELCO.
- 78.95% of the companies in the same industry are cheaper than BELCO, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.30, BELCO is valued rather cheaply.
- A Price/Forward Earnings ratio of 5.53 indicates a rather cheap valuation of BELCO.
- BELCO's Price/Forward Earnings is on the same level as the industry average.
- BELCO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.95 | ||
| Fwd PE | 5.53 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BELCO is valued a bit more expensive than 63.16% of the companies in the same industry.
- BELCO's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.37 | ||
| EV/EBITDA | 8.72 |
4.3 Compensation for Growth
- BELCO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- BELCO's earnings are expected to grow with 31.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.18
PEG (5Y)0.15
EPS Next 2Y31.02%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- BELCO has a Yearly Dividend Yield of 13.88%, which is a nice return.
- Compared to an average industry Dividend Yield of 8.33, BELCO has a dividend in line with its industry peers.
- BELCO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.88% |
5.2 History
- The dividend of BELCO is nicely growing with an annual growth rate of 117.83%!
Dividend Growth(5Y)117.83%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- BELCO pays out 132.17% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of BELCO is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP132.17%
EPS Next 2Y31.02%
EPS Next 3YN/A
OSL:BELCO (3/31/2025, 7:00:00 PM)
20.35
0 (0%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)02-11 2025-02-11/bmo
Earnings (Next)05-08 2025-05-08
Inst Owners14.75%
Inst Owner ChangeN/A
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap5.15B
Revenue(TTM)415.02M
Net Income(TTM)58.16M
Analysts86
Price Target33.22 (63.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.88% |
Yearly Dividend3.24
Dividend Growth(5Y)117.83%
DP132.17%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-21.09%
Min EPS beat(2)-41.75%
Max EPS beat(2)-0.42%
EPS beat(4)2
Avg EPS beat(4)-0.53%
Min EPS beat(4)-41.75%
Max EPS beat(4)23.57%
EPS beat(8)6
Avg EPS beat(8)16.46%
EPS beat(12)8
Avg EPS beat(12)9.29%
EPS beat(16)12
Avg EPS beat(16)50.76%
Revenue beat(2)2
Avg Revenue beat(2)14.25%
Min Revenue beat(2)1.83%
Max Revenue beat(2)26.67%
Revenue beat(4)4
Avg Revenue beat(4)25.15%
Min Revenue beat(4)1.83%
Max Revenue beat(4)41.76%
Revenue beat(8)6
Avg Revenue beat(8)17.15%
Revenue beat(12)10
Avg Revenue beat(12)25.57%
Revenue beat(16)14
Avg Revenue beat(16)42.77%
PT rev (1m)0%
PT rev (3m)3.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-21.22%
EPS NY rev (1m)9.24%
EPS NY rev (3m)-15.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)12.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.95 | ||
| Fwd PE | 5.53 | ||
| P/S | 1.16 | ||
| P/FCF | 8.37 | ||
| P/OCF | 5.39 | ||
| P/B | 1.91 | ||
| P/tB | 1.91 | ||
| EV/EBITDA | 8.72 |
EPS(TTM)2.56
EY12.58%
EPS(NY)3.68
Fwd EY18.08%
FCF(TTM)2.43
FCFY11.94%
OCF(TTM)3.78
OCFY18.57%
SpS17.49
BVpS10.66
TBVpS10.66
PEG (NY)0.18
PEG (5Y)0.15
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.06% | ||
| ROE | 22.99% | ||
| ROCE | 8.79% | ||
| ROIC | 6.77% | ||
| ROICexc | 7.79% | ||
| ROICexgc | 7.79% | ||
| OM | 16.15% | ||
| PM (TTM) | 14.01% | ||
| GM | 76.45% | ||
| FCFM | 13.9% |
ROA(3y)9.96%
ROA(5y)7.73%
ROE(3y)36.04%
ROE(5y)27.47%
ROIC(3y)10.05%
ROIC(5y)N/A
ROICexc(3y)11.84%
ROICexc(5y)N/A
ROICexgc(3y)11.84%
ROICexgc(5y)N/A
ROCE(3y)13.05%
ROCE(5y)N/A
ROICexgc growth 3Y-23.41%
ROICexgc growth 5Y23.32%
ROICexc growth 3Y-23.41%
ROICexc growth 5Y23.68%
OM growth 3Y0.15%
OM growth 5Y18.78%
PM growth 3Y3.21%
PM growth 5Y45.38%
GM growth 3Y-1.41%
GM growth 5Y-1.22%
F-Score5
Asset Turnover0.5
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.98 | ||
| Debt/FCF | 9.1 | ||
| Debt/EBITDA | 4.8 | ||
| Cap/Depr | 86.11% | ||
| Cap/Sales | 7.71% | ||
| Interest Coverage | 2.25 | ||
| Cash Conversion | 86.07% | ||
| Profit Quality | 99.19% | ||
| Current Ratio | 2.3 | ||
| Quick Ratio | 2.19 | ||
| Altman-Z | 1.6 |
F-Score5
WACC7.39%
ROIC/WACC0.92
Cap/Depr(3y)102.64%
Cap/Depr(5y)134%
Cap/Sales(3y)5.67%
Cap/Sales(5y)6.97%
Profit Quality(3y)105.45%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-33.33%
EPS 3Y-20.18%
EPS 5Y51.57%
EPS Q2Q%-66.67%
EPS Next Y43.77%
EPS Next 2Y31.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-26.78%
Revenue growth 3Y-20.16%
Revenue growth 5Y20.77%
Sales Q2Q%-40.5%
Revenue Next Year-11%
Revenue Next 2Y1.39%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-36.64%
EBIT growth 3Y-20.05%
EBIT growth 5Y43.45%
EBIT Next Year68.79%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-52.28%
FCF growth 3Y-0.74%
FCF growth 5YN/A
OCF growth 1Y-25.82%
OCF growth 3Y-15.65%
OCF growth 5Y33.19%
BELSHIPS ASA / BELCO.OL FAQ
What is the ChartMill fundamental rating of BELSHIPS ASA (BELCO.OL) stock?
ChartMill assigns a fundamental rating of 5 / 10 to BELCO.OL.
What is the valuation status of BELSHIPS ASA (BELCO.OL) stock?
ChartMill assigns a valuation rating of 6 / 10 to BELSHIPS ASA (BELCO.OL). This can be considered as Fairly Valued.
Can you provide the profitability details for BELSHIPS ASA?
BELSHIPS ASA (BELCO.OL) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for BELCO stock?
The Price/Earnings (PE) ratio for BELSHIPS ASA (BELCO.OL) is 7.95 and the Price/Book (PB) ratio is 1.91.
How sustainable is the dividend of BELSHIPS ASA (BELCO.OL) stock?
The dividend rating of BELSHIPS ASA (BELCO.OL) is 6 / 10 and the dividend payout ratio is 132.17%.