BELSHIPS ASA (BELCO.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:BELCO • NO0003094104
20.35 NOK
0 (0%)
Last: Mar 31, 2025, 07:00 PM
Overall BELCO gets a fundamental rating of 5 out of 10. We evaluated BELCO 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.
- In the past year BELCO had a positive cash flow from operations.
- Of the past 5 years BELCO 4 years were profitable.
- In the past 5 years BELCO always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of BELCO (7.06%) is worse than 63.16% of its industry peers.
- BELCO has a Return On Equity (22.99%) which is in line with its industry peers.
- BELCO has a Return On Invested Capital (6.77%) which is in line with its industry peers.
- 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
- With a Profit Margin value of 14.01%, BELCO is not doing good in the industry: 63.16% of the companies in the same industry are doing better.
- BELCO's Profit Margin has improved in the last couple of years.
- BELCO has a Operating Margin of 16.15%. This is comparable to the rest of the industry: BELCO outperforms 57.89% of its industry peers.
- In the last couple of years the Operating Margin of BELCO has grown nicely.
- BELCO has a better Gross Margin (76.45%) than 94.74% of its industry peers.
- In the last couple of years the Gross Margin of BELCO has remained more or less at the same level.
| 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
- BELCO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for BELCO remains at a similar level compared to 1 year ago.
- BELCO has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, BELCO has a worse debt to assets ratio.
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.
- BELCO has a Altman-Z score of 1.60. This is in the lower half of the industry: BELCO underperforms 68.42% of its industry peers.
- 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 Debt to FCF ratio of 9.10. This is in the lower half of the industry: BELCO underperforms 68.42% of its industry peers.
- A Debt/Equity ratio of 1.98 is on the high side and indicates that BELCO has dependencies on debt 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.
- BELCO's Current ratio of 2.30 is fine compared to the rest 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 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
- The earnings per share for BELCO have decreased strongly by -33.33% in the last year.
- BELCO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 51.57% yearly.
- The Revenue for BELCO has decreased by -26.78% in the past year. This is quite bad
- The Revenue has been growing by 20.77% on average over the past years. This is a very strong growth!
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.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 7.95, the valuation of BELCO can be described as very cheap.
- BELCO's Price/Earnings ratio is a bit more expensive when compared to the industry. BELCO is more expensive than 78.95% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.32, BELCO is valued rather cheaply.
- With a Price/Forward Earnings ratio of 5.53, the valuation of BELCO can be described as very cheap.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of BELCO is on the same level as its industry peers.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. 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.
- 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.
- BELCO's Dividend Yield is comparable with the industry average which is at 8.18.
- BELCO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.88% |
5.2 History
- On average, the dividend of BELCO grows each year by 117.83%, which is quite nice.
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.
- 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
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%.