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

Overall BOR gets a fundamental rating of 3 out of 10. We evaluated BOR against 14 industry peers in the Construction Materials industry. BOR may be in some trouble as it scores bad on both profitability and health. BOR is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

2

1. BOR.OL Profitability Analysis

1.1 Basic Checks

  • In the past year BOR was profitable.
  • In the past year BOR had a positive cash flow from operations.
  • In the past 5 years BOR reported 4 times negative net income.
  • 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 worse Return On Assets (0.46%) than 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.
  • Measured over the past 3 years, the Average Return On Invested Capital for BOR 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's Operating Margin of 7.87% is on the low side compared to the rest of the industry. BOR is outperformed by 71.43% of its industry peers.
  • In the last couple of years the Operating Margin of BOR has grown nicely.
  • The Gross Margin of BOR (54.40%) is comparable to the rest of the industry.
  • 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BOR is destroying value.
  • Compared to 1 year ago, BOR has about the same amount of shares outstanding.
  • BOR has more shares outstanding than it did 5 years ago.
  • BOR has a better debt/assets ratio than last year.
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

  • Based on the Altman-Z score of 1.55, we must say that BOR is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of BOR (1.55) is worse than 85.71% of its industry peers.
  • BOR has a debt to FCF ratio of 8.82. This is a slightly negative value and a sign of low solvency as BOR would need 8.82 years to pay back of 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.
  • Looking at the Debt to Equity ratio, with a value of 0.63, BOR is doing worse than 85.71% of the companies in the same industry.
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

  • BOR has a Current Ratio of 1.49. This is a normal value and indicates that BOR is financially healthy and should not expect problems in meeting 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.
  • Looking at the last year, BOR shows a small growth in Revenue. The Revenue has grown by 2.45% in the last year.
  • Measured over the past years, BOR shows a small growth in Revenue. The Revenue has been growing by 4.95% on average per year.
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

  • Based on estimates for the next years, BOR will show a very strong growth in Earnings Per Share. The EPS will grow by 34.96% on average per year.
  • 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

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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Find the best growth stocksShow best growing peers

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.
  • The rest of the industry has a similar Price/Earnings ratio as BOR.
  • Compared to an average S&P500 Price/Earnings ratio of 27.03, BOR is valued at the same level.
  • A Price/Forward Earnings ratio of 5.46 indicates a rather cheap valuation of BOR.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BOR indicates a rather cheap valuation: BOR is cheaper than 100.00% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of BOR to the average of the S&P500 Index (25.11), we can say 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

  • Based on the Enterprise Value to EBITDA ratio, BOR is valued a bit more expensive than 64.29% of the companies in the same industry.
  • 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

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

More info and screens

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%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.49, BOR pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, BOR pays a better dividend.
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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Find the best dividend stocksShow peers with best dividend

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 5 / 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.