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. While BELCO is still in line with the averages on profitability rating, there are concerns on its financial health. BELCO has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year BELCO was profitable.
In the past year BELCO had a positive cash flow from operations.
Of the past 5 years BELCO 4 years were profitable.
BELCO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BELCO has a worse Return On Assets (7.06%) than 63.16% of its industry peers.
BELCO has a Return On Equity (22.99%) which is comparable to the rest of the industry.
BELCO has a Return On Invested Capital (6.77%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BELCO is in line with the industry average of 8.90%.
| 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
BELCO has a Profit Margin of 14.01%. This is in the lower half of the industry: BELCO underperforms 63.16% of its industry peers.
In the last couple of years the Profit Margin of BELCO has grown nicely.
BELCO's Operating Margin of 16.15% is in line compared to the rest of the industry. BELCO outperforms 57.89% of its industry peers.
BELCO's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 76.45%, BELCO belongs to the best of the industry, outperforming 94.74% of the companies in the same industry.
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.
Compared to 5 years ago, BELCO has more shares outstanding
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.
The Altman-Z score of BELCO (1.60) is worse than 68.42% of its industry peers.
BELCO has a debt to FCF ratio of 9.10. This is a negative value and a sign of low solvency as BELCO would need 9.10 years to pay back of all of its debts.
With a Debt to FCF ratio value of 9.10, BELCO is not doing good in the industry: 68.42% of the companies in the same industry are doing better.
BELCO has a Debt/Equity ratio of 1.98. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of BELCO (1.98) is worse than 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
BELCO has a Current Ratio of 2.30. This indicates that BELCO is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of BELCO (2.30) is better than 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 better Quick ratio (2.19) than 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%.
BELCO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 51.57% yearly.
BELCO shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -26.78%.
Measured over the past years, BELCO shows a very strong growth in Revenue. The Revenue has been growing by 20.77% on average per year.
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
The Earnings Per Share is expected to grow by 31.02% on average over the next years. This is a very strong growth
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
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
Based on the Price/Earnings ratio of 7.95, the valuation of BELCO can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of BELCO indicates a slightly more expensive valuation: BELCO is more expensive than 78.95% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of BELCO to the average of the S&P500 Index (26.15), we can say BELCO is valued rather cheaply.
The Price/Forward Earnings ratio is 5.53, which indicates a rather cheap valuation of BELCO.
BELCO's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 36.22. BELCO is valued rather cheaply when compared to this.
| 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 is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.37 | ||
| EV/EBITDA | 8.72 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as BELCO's earnings are expected to grow with 31.02% in the coming years.
PEG (NY)0.18
PEG (5Y)0.15
EPS Next 2Y31.02%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.88%, BELCO is a good candidate for dividend investing.
BELCO's Dividend Yield is comparable with the industry average which is at 10.57.
Compared to an average S&P500 Dividend Yield of 2.32, BELCO pays a better dividend.
| 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
132.17% of the earnings are spent on dividend by BELCO. This is not a sustainable payout ratio.
BELCO's earnings are growing slower than its dividend. 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)
Earnings (Next)
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 for BELCO 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.
What is the valuation of BELSHIPS ASA based on its PE and PB ratios?
The Price/Earnings (PE) ratio for BELSHIPS ASA (BELCO.OL) is 7.95 and the Price/Book (PB) ratio is 1.91.
Can you provide the financial health for BELCO stock?
The financial health rating of BELSHIPS ASA (BELCO.OL) is 3 / 10.