BORGESTAD ASA (BOR.OL) Fundamental Analysis & Valuation

OSL:BOR • NO0013256180

17.25 NOK
-0.6 (-3.36%)
Last: Mar 4, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This BOR.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BOR. BOR was compared to 14 industry peers in the Construction Materials industry. Both the profitability and financial health of BOR have multiple concerns. BOR has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

2

1. BOR.OL Profitability Analysis

1.1 Basic Checks

  • In the past year BOR was profitable.
  • BOR had a positive operating cash flow in the past year.
  • BOR had negative earnings in 4 of the past 5 years.
  • In multiple years BOR reported negative operating cash flow during the last 5 years.
BOR.OL Yearly Net Income VS EBIT VS OCF VS FCFBOR.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

1.2 Ratios

  • BOR has a Return On Assets of 0.46%. This is in the lower half of the industry: BOR underperforms 78.57% of its industry peers.
  • BOR has a Return On Equity of 1.02%. This is in the lower half of the industry: BOR underperforms 78.57% of its industry peers.
  • BOR has a Return On Invested Capital (5.48%) which is comparable to the rest of the industry.
  • BOR had an Average Return On Invested Capital over the past 3 years of 5.31%. This is below the industry average of 7.87%.
  • The last Return On Invested Capital (5.48%) for BOR is above the 3 year average (5.31%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.46%
ROE 1.02%
ROIC 5.48%
ROA(3y)-3.66%
ROA(5y)-4.69%
ROE(3y)-10.93%
ROE(5y)-18.62%
ROIC(3y)5.31%
ROIC(5y)4.22%
BOR.OL Yearly ROA, ROE, ROICBOR.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -10 -20 -30 -40 -50

1.3 Margins

  • Looking at the Profit Margin, with a value of 0.62%, BOR is doing worse than 78.57% of the companies in the same industry.
  • BOR has a worse Operating Margin (7.87%) than 71.43% of its industry peers.
  • In the last couple of years the Operating Margin of BOR has grown nicely.
  • BOR has a Gross Margin of 54.40%. This is comparable to the rest of the industry: BOR outperforms 50.00% of its industry peers.
  • In the last couple of years the Gross Margin of BOR has declined.
Industry RankSector Rank
OM 7.87%
PM (TTM) 0.62%
GM 54.4%
OM growth 3Y18.21%
OM growth 5Y14.84%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.24%
GM growth 5Y-4.71%
BOR.OL Yearly Profit, Operating, Gross MarginsBOR.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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2

2. BOR.OL Health Analysis

2.1 Basic Checks

  • BOR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • BOR has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for BOR has been increased compared to 5 years ago.
  • Compared to 1 year ago, BOR has an improved debt to assets ratio.
BOR.OL Yearly Shares OutstandingBOR.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
BOR.OL Yearly Total Debt VS Total AssetsBOR.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • BOR has an Altman-Z score of 1.55. This is a bad value and indicates that BOR is not financially healthy and even has some risk of bankruptcy.
  • BOR has a Altman-Z score of 1.55. This is amonst the worse of the industry: BOR underperforms 85.71% of its industry peers.
  • The Debt to FCF ratio of BOR is 8.82, which is on the high side as it means it would take BOR, 8.82 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of BOR (8.82) is worse than 78.57% of its industry peers.
  • A Debt/Equity ratio of 0.63 indicates that BOR is somewhat dependend on debt financing.
  • BOR has a worse Debt to Equity ratio (0.63) than 85.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF 8.82
Altman-Z 1.55
ROIC/WACC0.72
WACC7.57%
BOR.OL Yearly LT Debt VS Equity VS FCFBOR.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 1.49 indicates that BOR should not have too much problems paying its short term obligations.
  • BOR has a Current ratio of 1.49. This is comparable to the rest of the industry: BOR outperforms 50.00% of its industry peers.
  • BOR has a Quick Ratio of 1.07. This is a normal value and indicates that BOR is financially healthy and should not expect problems in meeting its short term obligations.
  • BOR's Quick ratio of 1.07 is on the low side compared to the rest of the industry. BOR is outperformed by 64.29% of its industry peers.
Industry RankSector Rank
Current Ratio 1.49
Quick Ratio 1.07
BOR.OL Yearly Current Assets VS Current LiabilitesBOR.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. BOR.OL Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 114.01% over the past year.
  • BOR shows a small growth in Revenue. In the last year, the Revenue has grown by 2.45%.
  • The Revenue has been growing slightly by 4.95% on average over the past years.
EPS 1Y (TTM)114.01%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%30.3%
Revenue 1Y (TTM)2.45%
Revenue growth 3Y7.29%
Revenue growth 5Y4.95%
Sales Q2Q%-1.76%

3.2 Future

  • BOR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 34.96% yearly.
  • The Revenue is expected to grow by 1.20% on average over the next years.
EPS Next Y-53.45%
EPS Next 2Y57.15%
EPS Next 3Y34.96%
EPS Next 5YN/A
Revenue Next Year-3.56%
Revenue Next 2Y0.25%
Revenue Next 3Y1.2%
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.
BOR.OL Yearly Revenue VS EstimatesBOR.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
BOR.OL Yearly EPS VS EstimatesBOR.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 50 -50 -100

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5

4. BOR.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 22.12, BOR is valued on the expensive side.
  • BOR's Price/Earnings is on the same level as the industry average.
  • BOR's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.03.
  • With a Price/Forward Earnings ratio of 5.46, the valuation of BOR can be described as very cheap.
  • BOR's Price/Forward Earnings ratio is rather cheap when compared to the industry. BOR is cheaper than 100.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.11, BOR is valued rather cheaply.
Industry RankSector Rank
PE 22.12
Fwd PE 5.46
BOR.OL Price Earnings VS Forward Price EarningsBOR.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 64.29% of the companies in the same industry are cheaper than BOR, based on the Enterprise Value to EBITDA ratio.
  • BOR's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BOR is cheaper than 64.29% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.49
EV/EBITDA 7.55
BOR.OL Per share dataBOR.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • BOR's earnings are expected to grow with 34.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y57.15%
EPS Next 3Y34.96%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. BOR.OL Dividend Analysis

5.1 Amount

  • BOR has a Yearly Dividend Yield of 2.78%.
  • Compared to an average industry Dividend Yield of 2.49, BOR pays a bit more dividend than its industry peers.
  • BOR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.78%

5.2 History

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

5.3 Sustainability

DPN/A
EPS Next 2Y57.15%
EPS Next 3Y34.96%
BOR.OL Yearly Income VS Free CF VS DividendBOR.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

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BOR.OL Fundamentals: All Metrics, Ratios and Statistics

BORGESTAD ASA

OSL:BOR (3/4/2026, 7:00:00 PM)

17.25

-0.6 (-3.36%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)02-26
Earnings (Next)05-21
Inst Owners0.1%
Inst Owner ChangeN/A
Ins Owners8.32%
Ins Owner ChangeN/A
Market Cap604.78M
Revenue(TTM)1.17B
Net Income(TTM)7.02M
Analysts80
Price Target24.48 (41.91%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.78%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-432.57%
Min EPS beat(2)-807.21%
Max EPS beat(2)-57.92%
EPS beat(4)1
Avg EPS beat(4)-227.05%
Min EPS beat(4)-807.21%
Max EPS beat(4)8.91%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-7.55%
Min Revenue beat(2)-10.54%
Max Revenue beat(2)-4.56%
Revenue beat(4)2
Avg Revenue beat(4)-1.69%
Min Revenue beat(4)-10.54%
Max Revenue beat(4)8.29%
Revenue beat(8)5
Avg Revenue beat(8)3.3%
Revenue beat(12)8
Avg Revenue beat(12)5.18%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)25.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.39%
Valuation
Industry RankSector Rank
PE 22.12
Fwd PE 5.46
P/S 0.53
P/FCF 10.49
P/OCF 7.61
P/B 0.88
P/tB 1.05
EV/EBITDA 7.55
EPS(TTM)0.78
EY4.52%
EPS(NY)3.16
Fwd EY18.33%
FCF(TTM)1.64
FCFY9.53%
OCF(TTM)2.27
OCFY13.13%
SpS32.3
BVpS19.67
TBVpS16.42
PEG (NY)N/A
PEG (5Y)N/A
Graham Number18.58
Profitability
Industry RankSector Rank
ROA 0.46%
ROE 1.02%
ROCE 7.69%
ROIC 5.48%
ROICexc 6.06%
ROICexgc 6.76%
OM 7.87%
PM (TTM) 0.62%
GM 54.4%
FCFM 5.09%
ROA(3y)-3.66%
ROA(5y)-4.69%
ROE(3y)-10.93%
ROE(5y)-18.62%
ROIC(3y)5.31%
ROIC(5y)4.22%
ROICexc(3y)6.27%
ROICexc(5y)4.84%
ROICexgc(3y)7.08%
ROICexgc(5y)5.45%
ROCE(3y)7.14%
ROCE(5y)5.67%
ROICexgc growth 3Y21.15%
ROICexgc growth 5Y28.55%
ROICexc growth 3Y20.58%
ROICexc growth 5Y27.12%
OM growth 3Y18.21%
OM growth 5Y14.84%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.24%
GM growth 5Y-4.71%
F-Score4
Asset Turnover0.74
Health
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF 8.82
Debt/EBITDA 3.52
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion 64.11%
Profit Quality 820.81%
Current Ratio 1.49
Quick Ratio 1.07
Altman-Z 1.55
F-Score4
WACC7.57%
ROIC/WACC0.72
Cap/Depr(3y)71.59%
Cap/Depr(5y)59.54%
Cap/Sales(3y)2.14%
Cap/Sales(5y)1.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)114.01%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%30.3%
EPS Next Y-53.45%
EPS Next 2Y57.15%
EPS Next 3Y34.96%
EPS Next 5YN/A
Revenue 1Y (TTM)2.45%
Revenue growth 3Y7.29%
Revenue growth 5Y4.95%
Sales Q2Q%-1.76%
Revenue Next Year-3.56%
Revenue Next 2Y0.25%
Revenue Next 3Y1.2%
Revenue Next 5YN/A
EBIT growth 1Y-31.12%
EBIT growth 3Y26.82%
EBIT growth 5Y20.53%
EBIT Next Year20.75%
EBIT Next 3Y23.98%
EBIT Next 5YN/A
FCF growth 1Y200.27%
FCF growth 3YN/A
FCF growth 5Y122.36%
OCF growth 1Y313.69%
OCF growth 3Y187.28%
OCF growth 5Y70.09%

BORGESTAD ASA / BOR.OL FAQ

Can you provide the ChartMill fundamental rating for BORGESTAD ASA?

ChartMill assigns a fundamental rating of 3 / 10 to BOR.OL.


Can you provide the valuation status for BORGESTAD ASA?

ChartMill assigns a valuation rating of 4 / 10 to BORGESTAD ASA (BOR.OL). This can be considered as Fairly Valued.


Can you provide the profitability details for BORGESTAD ASA?

BORGESTAD ASA (BOR.OL) has a profitability rating of 2 / 10.


What are the PE and PB ratios of BORGESTAD ASA (BOR.OL) stock?

The Price/Earnings (PE) ratio for BORGESTAD ASA (BOR.OL) is 22.12 and the Price/Book (PB) ratio is 0.88.