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BEWI AS (BEWI.OL) Stock Fundamental Analysis

OSL:BEWI - NO0010890965 - Common Stock

19.2 NOK
-0.1 (-0.52%)
Last: 8/26/2025, 7:00:00 PM
Fundamental Rating

4

Taking everything into account, BEWI scores 4 out of 10 in our fundamental rating. BEWI was compared to 69 industry peers in the Chemicals industry. The financial health of BEWI is average, but there are quite some concerns on its profitability. BEWI has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

In the past year BEWI has reported negative net income.
BEWI had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: BEWI reported negative net income in multiple years.
In the past 5 years BEWI always reported a positive cash flow from operatings.
BEWI.OL Yearly Net Income VS EBIT VS OCF VS FCFBEWI.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M 80M

1.2 Ratios

Looking at the Return On Assets, with a value of -2.52%, BEWI is doing worse than 68.12% of the companies in the same industry.
BEWI has a worse Return On Equity (-8.63%) than 69.57% of its industry peers.
BEWI's Return On Invested Capital of 0.17% is on the low side compared to the rest of the industry. BEWI is outperformed by 66.67% of its industry peers.
BEWI had an Average Return On Invested Capital over the past 3 years of 1.94%. This is below the industry average of 6.71%.
Industry RankSector Rank
ROA -2.52%
ROE -8.63%
ROIC 0.17%
ROA(3y)-0.43%
ROA(5y)1.76%
ROE(3y)-1.42%
ROE(5y)5.07%
ROIC(3y)1.94%
ROIC(5y)3.77%
BEWI.OL Yearly ROA, ROE, ROICBEWI.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

1.3 Margins

The Operating Margin of BEWI (0.32%) is worse than 66.67% of its industry peers.
In the last couple of years the Operating Margin of BEWI has declined.
The Gross Margin of BEWI (61.26%) is better than 91.30% of its industry peers.
In the last couple of years the Gross Margin of BEWI has grown nicely.
Industry RankSector Rank
OM 0.32%
PM (TTM) N/A
GM 61.26%
OM growth 3Y-50.25%
OM growth 5Y-26.59%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.05%
GM growth 5Y2.54%
BEWI.OL Yearly Profit, Operating, Gross MarginsBEWI.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BEWI is destroying value.
BEWI has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, BEWI has more shares outstanding
Compared to 1 year ago, BEWI has an improved debt to assets ratio.
BEWI.OL Yearly Shares OutstandingBEWI.OL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
BEWI.OL Yearly Total Debt VS Total AssetsBEWI.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

Based on the Altman-Z score of 1.06, we must say that BEWI is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of BEWI (1.06) is worse than 78.26% of its industry peers.
BEWI has a debt to FCF ratio of 9.63. This is a negative value and a sign of low solvency as BEWI would need 9.63 years to pay back of all of its debts.
BEWI has a better Debt to FCF ratio (9.63) than 60.87% of its industry peers.
BEWI has a Debt/Equity ratio of 1.56. This is a high value indicating a heavy dependency on external financing.
BEWI's Debt to Equity ratio of 1.56 is on the low side compared to the rest of the industry. BEWI is outperformed by 86.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 9.63
Altman-Z 1.06
ROIC/WACC0.02
WACC8.18%
BEWI.OL Yearly LT Debt VS Equity VS FCFBEWI.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M 500M

2.3 Liquidity

BEWI has a Current Ratio of 2.17. This indicates that BEWI is financially healthy and has no problem in meeting its short term obligations.
BEWI has a Current ratio of 2.17. This is in the better half of the industry: BEWI outperforms 65.22% of its industry peers.
BEWI has a Quick Ratio of 1.73. This is a normal value and indicates that BEWI is financially healthy and should not expect problems in meeting its short term obligations.
BEWI's Quick ratio of 1.73 is amongst the best of the industry. BEWI outperforms 81.16% of its industry peers.
Industry RankSector Rank
Current Ratio 2.17
Quick Ratio 1.73
BEWI.OL Yearly Current Assets VS Current LiabilitesBEWI.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

3

3. Growth

3.1 Past

The earnings per share for BEWI have decreased strongly by -23.08% in the last year.
The Revenue for BEWI has decreased by -31.89% in the past year. This is quite bad
Measured over the past years, BEWI shows a quite strong growth in Revenue. The Revenue has been growing by 12.46% on average per year.
EPS 1Y (TTM)-23.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)-31.89%
Revenue growth 3Y1.1%
Revenue growth 5Y12.46%
Sales Q2Q%0.78%

3.2 Future

Based on estimates for the next years, BEWI will show a very strong growth in Earnings Per Share. The EPS will grow by 42.83% on average per year.
The Revenue is expected to decrease by -3.94% on average over the next years.
EPS Next Y39.44%
EPS Next 2Y49.46%
EPS Next 3Y42.83%
EPS Next 5YN/A
Revenue Next Year-20.65%
Revenue Next 2Y-8.65%
Revenue Next 3Y-3.94%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BEWI.OL Yearly Revenue VS EstimatesBEWI.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
BEWI.OL Yearly EPS VS EstimatesBEWI.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 0 0.1 -0.1 0.2 0.3

3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BEWI. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 43.47, the valuation of BEWI can be described as expensive.
65.22% of the companies in the same industry are cheaper than BEWI, based on the Price/Forward Earnings ratio.
BEWI is valuated expensively when we compare the Price/Forward Earnings ratio to 22.67, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 43.47
BEWI.OL Price Earnings VS Forward Price EarningsBEWI.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30 40

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as BEWI.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BEWI indicates a rather cheap valuation: BEWI is cheaper than 98.55% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.07
EV/EBITDA 11.68
BEWI.OL Per share dataBEWI.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

BEWI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
BEWI's earnings are expected to grow with 42.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y49.46%
EPS Next 3Y42.83%

6

5. Dividend

5.1 Amount

BEWI has a Yearly Dividend Yield of 5.71%, which is a nice return.
Compared to an average industry Dividend Yield of 3.06, BEWI pays a better dividend. On top of this BEWI pays more dividend than 88.41% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, BEWI pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.71%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DP0%
EPS Next 2Y49.46%
EPS Next 3Y42.83%
BEWI.OL Yearly Income VS Free CF VS DividendBEWI.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M

BEWI AS

OSL:BEWI (8/26/2025, 7:00:00 PM)

19.2

-0.1 (-0.52%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)08-20 2025-08-20
Earnings (Next)11-12 2025-11-12
Inst Owners8.55%
Inst Owner ChangeN/A
Ins Owners0.71%
Ins Owner ChangeN/A
Market Cap3.68B
Analysts45.45
Price Target24.48 (27.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.71%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-169.63%
Min EPS beat(2)-194.16%
Max EPS beat(2)-145.1%
EPS beat(4)1
Avg EPS beat(4)-108.36%
Min EPS beat(4)-194.19%
Max EPS beat(4)100%
EPS beat(8)1
Avg EPS beat(8)-334.35%
EPS beat(12)2
Avg EPS beat(12)-248.94%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.03%
Min Revenue beat(2)-3.78%
Max Revenue beat(2)1.72%
Revenue beat(4)2
Avg Revenue beat(4)-1.67%
Min Revenue beat(4)-7.43%
Max Revenue beat(4)2.81%
Revenue beat(8)2
Avg Revenue beat(8)-5.64%
Revenue beat(12)4
Avg Revenue beat(12)-3.36%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-14.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-150%
EPS NY rev (1m)-235.71%
EPS NY rev (3m)-235.71%
Revenue NQ rev (1m)-5.77%
Revenue NQ rev (3m)-12.47%
Revenue NY rev (1m)-19.11%
Revenue NY rev (3m)-19.11%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 43.47
P/S 0.43
P/FCF 5.07
P/OCF 3.29
P/B 0.87
P/tB 11.42
EV/EBITDA 11.68
EPS(TTM)-1.89
EYN/A
EPS(NY)0.44
Fwd EY2.3%
FCF(TTM)3.79
FCFY19.73%
OCF(TTM)5.83
OCFY30.38%
SpS44.17
BVpS21.98
TBVpS1.68
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.52%
ROE -8.63%
ROCE 0.22%
ROIC 0.17%
ROICexc 0.17%
ROICexgc 0.26%
OM 0.32%
PM (TTM) N/A
GM 61.26%
FCFM 8.58%
ROA(3y)-0.43%
ROA(5y)1.76%
ROE(3y)-1.42%
ROE(5y)5.07%
ROIC(3y)1.94%
ROIC(5y)3.77%
ROICexc(3y)2.05%
ROICexc(5y)4.45%
ROICexgc(3y)3.48%
ROICexgc(5y)7.6%
ROCE(3y)2.56%
ROCE(5y)4.93%
ROICexcg growth 3Y-62.1%
ROICexcg growth 5Y-39.24%
ROICexc growth 3Y-60.62%
ROICexc growth 5Y-35.53%
OM growth 3Y-50.25%
OM growth 5Y-26.59%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.05%
GM growth 5Y2.54%
F-Score5
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 1.56
Debt/FCF 9.63
Debt/EBITDA 7.59
Cap/Depr 46.69%
Cap/Sales 4.63%
Interest Coverage 250
Cash Conversion 129.02%
Profit Quality N/A
Current Ratio 2.17
Quick Ratio 1.73
Altman-Z 1.06
F-Score5
WACC8.18%
ROIC/WACC0.02
Cap/Depr(3y)71.29%
Cap/Depr(5y)78.64%
Cap/Sales(3y)4.89%
Cap/Sales(5y)5.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-23.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y39.44%
EPS Next 2Y49.46%
EPS Next 3Y42.83%
EPS Next 5YN/A
Revenue 1Y (TTM)-31.89%
Revenue growth 3Y1.1%
Revenue growth 5Y12.46%
Sales Q2Q%0.78%
Revenue Next Year-20.65%
Revenue Next 2Y-8.65%
Revenue Next 3Y-3.94%
Revenue Next 5YN/A
EBIT growth 1Y-90.73%
EBIT growth 3Y-49.71%
EBIT growth 5Y-17.44%
EBIT Next Year390.77%
EBIT Next 3Y91.43%
EBIT Next 5YN/A
FCF growth 1Y384.25%
FCF growth 3Y17.24%
FCF growth 5Y19.53%
OCF growth 1Y51.52%
OCF growth 3Y8.13%
OCF growth 5Y18.87%