BORREGAARD ASA (BRG.OL) Stock Fundamental Analysis
OSL:BRG - Oslo Bors ASA - NO0010657505 - Common Stock - Currency: NOK
Overall BRG gets a fundamental rating of 6 out of 10. We evaluated BRG against 60 industry peers in the Chemicals industry. BRG gets an excellent profitability rating and is at the same time showing great financial health properties. BRG is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
BRG had positive earnings in the past year.
BRG had a positive operating cash flow in the past year.
Each year in the past 5 years BRG has been profitable.
Each year in the past 5 years BRG had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 8.81%, BRG belongs to the top of the industry, outperforming 92.98% of the companies in the same industry.
BRG has a Return On Equity of 15.95%. This is amongst the best in the industry. BRG outperforms 87.72% of its industry peers.
BRG's Return On Invested Capital of 12.82% is amongst the best of the industry. BRG outperforms 94.74% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BRG is significantly above the industry average of 6.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.81% | ||
| ROE | 15.95% | ||
| ROIC | 12.82% |
ROA(3y)10.06%
ROA(5y)8.52%
ROE(3y)18.2%
ROE(5y)15.82%
ROIC(3y)13.55%
ROIC(5y)11.68%
1.3 Margins
BRG's Profit Margin of 10.87% is amongst the best of the industry. BRG outperforms 84.21% of its industry peers.
BRG's Profit Margin has improved in the last couple of years.
BRG has a Operating Margin of 16.84%. This is amongst the best in the industry. BRG outperforms 91.23% of its industry peers.
In the last couple of years the Operating Margin of BRG has grown nicely.
BRG's Gross Margin of 52.94% is amongst the best of the industry. BRG outperforms 84.21% of its industry peers.
In the last couple of years the Gross Margin of BRG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.84% | ||
| PM (TTM) | 10.87% | ||
| GM | 52.94% |
OM growth 3Y12.14%
OM growth 5Y8.5%
PM growth 3Y14.23%
PM growth 5Y4.16%
GM growth 3Y1.01%
GM growth 5Y1.18%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BRG is creating some value.
BRG has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for BRG remains at a similar level compared to 5 years ago.
BRG has a better debt/assets ratio than last year.
2.2 Solvency
BRG has an Altman-Z score of 4.76. This indicates that BRG is financially healthy and has little risk of bankruptcy at the moment.
BRG's Altman-Z score of 4.76 is amongst the best of the industry. BRG outperforms 94.74% of its industry peers.
The Debt to FCF ratio of BRG is 4.07, which is a neutral value as it means it would take BRG, 4.07 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 4.07, BRG belongs to the best of the industry, outperforming 84.21% of the companies in the same industry.
A Debt/Equity ratio of 0.38 indicates that BRG is not too dependend on debt financing.
The Debt to Equity ratio of BRG (0.38) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 4.07 | ||
| Altman-Z | 4.76 |
ROIC/WACC1.64
WACC7.8%
2.3 Liquidity
A Current Ratio of 1.76 indicates that BRG should not have too much problems paying its short term obligations.
BRG has a Current ratio (1.76) which is comparable to the rest of the industry.
A Quick Ratio of 0.99 indicates that BRG may have some problems paying its short term obligations.
The Quick ratio of BRG (0.99) is worse than 64.91% of its industry peers.
BRG does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.76 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
BRG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.05%.
Measured over the past years, BRG shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.82% on average per year.
The Revenue has been growing slightly by 2.48% in the past year.
Measured over the past years, BRG shows a quite strong growth in Revenue. The Revenue has been growing by 8.31% on average per year.
EPS 1Y (TTM)-13.05%
EPS 3Y25.9%
EPS 5Y12.82%
EPS Q2Q%5.49%
Revenue 1Y (TTM)2.48%
Revenue growth 3Y10.21%
Revenue growth 5Y8.31%
Sales Q2Q%13.71%
3.2 Future
Based on estimates for the next years, BRG will show a small growth in Earnings Per Share. The EPS will grow by 5.16% on average per year.
The Revenue is expected to grow by 7.38% on average over the next years.
EPS Next Y-2.41%
EPS Next 2Y8.52%
EPS Next 3Y10.05%
EPS Next 5Y5.16%
Revenue Next Year7.83%
Revenue Next 2Y8.75%
Revenue Next 3Y8.09%
Revenue Next 5Y7.38%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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 stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 24.35 indicates a rather expensive valuation of BRG.
Based on the Price/Earnings ratio, BRG is valued a bit cheaper than 61.40% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.47. BRG is around the same levels.
With a Price/Forward Earnings ratio of 19.33, BRG is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BRG is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 92.74. BRG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.35 | ||
| Fwd PE | 19.33 |
4.2 Price Multiples
BRG's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as BRG.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.87 | ||
| EV/EBITDA | 12.2 |
4.3 Compensation for Growth
The excellent profitability rating of BRG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.9
EPS Next 2Y8.52%
EPS Next 3Y10.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.10%, BRG has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.94, BRG has a dividend in line with its industry peers.
BRG's Dividend Yield is comparable with the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.1% |
5.2 History
The dividend of BRG is nicely growing with an annual growth rate of 10.23%!
Dividend Growth(5Y)10.23%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
46.00% of the earnings are spent on dividend by BRG. This is a bit on the high side, but may be sustainable.
The dividend of BRG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP46%
EPS Next 2Y8.52%
EPS Next 3Y10.05%
BORREGAARD ASA
OSL:BRG (2/5/2025, 9:23:00 AM)
198
-1.2 (-0.6%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners59.93%
Inst Owner ChangeN/A
Ins Owners0.47%
Ins Owner ChangeN/A
Market Cap19.80B
Analysts80
Price Target235.62 (19%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.1% |
Yearly Dividend3.25
Dividend Growth(5Y)10.23%
DP46%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.99%
Min EPS beat(2)-7.32%
Max EPS beat(2)1.34%
EPS beat(4)2
Avg EPS beat(4)0.88%
Min EPS beat(4)-7.32%
Max EPS beat(4)13.84%
EPS beat(8)6
Avg EPS beat(8)4.39%
EPS beat(12)9
Avg EPS beat(12)3.75%
EPS beat(16)13
Avg EPS beat(16)8.08%
Revenue beat(2)0
Avg Revenue beat(2)-4.5%
Min Revenue beat(2)-6.3%
Max Revenue beat(2)-2.7%
Revenue beat(4)1
Avg Revenue beat(4)-0.93%
Min Revenue beat(4)-6.3%
Max Revenue beat(4)5.73%
Revenue beat(8)2
Avg Revenue beat(8)-1.95%
Revenue beat(12)4
Avg Revenue beat(12)-0.12%
Revenue beat(16)8
Avg Revenue beat(16)1.41%
PT rev (1m)-1.28%
PT rev (3m)-2.53%
EPS NQ rev (1m)-12.69%
EPS NQ rev (3m)-32.48%
EPS NY rev (1m)-2.07%
EPS NY rev (3m)-2.07%
Revenue NQ rev (1m)-2.6%
Revenue NQ rev (3m)-9.5%
Revenue NY rev (1m)-1.97%
Revenue NY rev (3m)-1.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.35 | ||
| Fwd PE | 19.33 | ||
| P/S | 2.65 | ||
| P/FCF | 35.87 | ||
| P/OCF | 15.6 | ||
| P/B | 3.88 | ||
| P/tB | 3.94 | ||
| EV/EBITDA | 12.2 |
EPS(TTM)8.13
EY4.11%
EPS(NY)10.25
Fwd EY5.17%
FCF(TTM)5.52
FCFY2.79%
OCF(TTM)12.69
OCFY6.41%
SpS74.78
BVpS50.98
TBVpS50.22
PEG (NY)N/A
PEG (5Y)1.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.81% | ||
| ROE | 15.95% | ||
| ROCE | 16.84% | ||
| ROIC | 12.82% | ||
| ROICexc | 13.13% | ||
| ROICexgc | 13.26% | ||
| OM | 16.84% | ||
| PM (TTM) | 10.87% | ||
| GM | 52.94% | ||
| FCFM | 7.38% |
ROA(3y)10.06%
ROA(5y)8.52%
ROE(3y)18.2%
ROE(5y)15.82%
ROIC(3y)13.55%
ROIC(5y)11.68%
ROICexc(3y)14.14%
ROICexc(5y)12.16%
ROICexgc(3y)14.34%
ROICexgc(5y)12.34%
ROCE(3y)17.79%
ROCE(5y)15.34%
ROICexcg growth 3Y12.93%
ROICexcg growth 5Y8.44%
ROICexc growth 3Y13.09%
ROICexc growth 5Y8.65%
OM growth 3Y12.14%
OM growth 5Y8.5%
PM growth 3Y14.23%
PM growth 5Y4.16%
GM growth 3Y1.01%
GM growth 5Y1.18%
F-Score8
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 4.07 | ||
| Debt/EBITDA | 1.07 | ||
| Cap/Depr | 131.8% | ||
| Cap/Sales | 9.59% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 70.38% | ||
| Profit Quality | 67.9% | ||
| Current Ratio | 1.76 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 4.76 |
F-Score8
WACC7.8%
ROIC/WACC1.64
Cap/Depr(3y)123.95%
Cap/Depr(5y)123.77%
Cap/Sales(3y)8.56%
Cap/Sales(5y)9.33%
Profit Quality(3y)86.6%
Profit Quality(5y)75%
High Growth Momentum
Growth
EPS 1Y (TTM)-13.05%
EPS 3Y25.9%
EPS 5Y12.82%
EPS Q2Q%5.49%
EPS Next Y-2.41%
EPS Next 2Y8.52%
EPS Next 3Y10.05%
EPS Next 5Y5.16%
Revenue 1Y (TTM)2.48%
Revenue growth 3Y10.21%
Revenue growth 5Y8.31%
Sales Q2Q%13.71%
Revenue Next Year7.83%
Revenue Next 2Y8.75%
Revenue Next 3Y8.09%
Revenue Next 5Y7.38%
EBIT growth 1Y-5.12%
EBIT growth 3Y23.58%
EBIT growth 5Y17.52%
EBIT Next Year44.24%
EBIT Next 3Y20.99%
EBIT Next 5Y14.09%
FCF growth 1Y34.96%
FCF growth 3Y32.75%
FCF growth 5YN/A
OCF growth 1Y63.11%
OCF growth 3Y20.83%
OCF growth 5Y22.88%