XOSL
BELCO
Market cap494mUSD
Mar 31, Last price
20.35NOK
Name
Belships ASA
Chart & Performance
P/E
8.51
P/S
1.20
EPS
0.23
Div Yield, %
13.51%
Shrs. gr., 5y
4.02%
Rev. gr., 5y
-21.96%
Revenues
412m
-26.93%
Net income
58m
-23.36%
CFO
90m
-25.82%
Dividend
Sep 26, 20241 NOK/sh
Earnings
May 06, 2025
Profile
Belships ASA engaged in providing freight transportation and shipping services. It operates through following business segments: Dry Bulk and Technical Management. The Dry Bulk segment transports semi-finished industry products. The Technical Management segment engages in substantial technical operation activities through Belships Management in Singapore, Oslo and in Tianjin & Shanghai in China. The company was founded by Christen Smith in 1918 and is headquartered in Oslo, Norway.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|
| 2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | |
| Income | |||||||||
Revenues | 411,725 -26.93% | 563,441 -93.74% | 9,000,029 28.33% | ||||||
Cost of revenue | 341,259 | 458,637 | 7,538,998 | ||||||
Unusual Expense (Income) | |||||||||
NOPBT | 70,466 | 104,804 | 1,461,032 | ||||||
NOPBT Margin | 17.11% | 18.60% | 16.23% | ||||||
Operating Taxes | (5,954) | 7,562 | 20,049 | ||||||
Tax Rate | 7.22% | 1.37% | |||||||
NOPAT | 76,420 | 97,242 | 1,440,982 | ||||||
Net income | 58,165 -23.36% | 75,895 -94.63% | 1,413,140 58.05% | ||||||
Dividends | (76,874) | (58,752) | (1,193,039) | ||||||
Dividend yield | 1.48% | 1.26% | 32.92% | ||||||
Proceeds from repurchase of equity | |||||||||
BB yield | |||||||||
| Debt | |||||||||
Debt current | 26,735 | 493,072 | |||||||
Long-term debt | 997,632 | 5,469,295 | |||||||
Deferred revenue | (1,054) | ||||||||
Other long-term liabilities | 500,568 | 954 | 4,089,455 | ||||||
Net debt | (100,228) | 896,262 | 4,283,461 | ||||||
| Cash flow | |||||||||
Cash from operating activities | 89,678 | 120,893 | 1,650,510 | ||||||
CAPEX | (31,984) | (832,957) | |||||||
Cash from investing activities | 6,592 | 35,900 | (221,266) | ||||||
Cash from financing activities | (124,318) | (168,389) | (1,095,726) | ||||||
FCF | 128,111 | 6,825,202 | (802,118) | ||||||
| Balance | |||||||||
Cash | 100,228 | 128,105 | 1,377,869 | ||||||
Long term investments | 301,037 | ||||||||
Excess cash | 79,642 | 99,933 | 1,228,904 | ||||||
Stockholders' equity | 188,416 | 223,388 | 2,317,300 | ||||||
Invested Capital | 682,771 | 769,985 | 7,660,342 | ||||||
ROIC | 10.52% | 2.31% | 21.91% | ||||||
ROCE | 9.24% | 11.96% | 16.43% | ||||||
| EV | |||||||||
Common stock shares outstanding | 257,771 | 254,421 | 253,774 | ||||||
Price | 20.10 9.36% | 18.38 28.71% | 14.28 1.28% | ||||||
Market cap | 5,181,206 10.80% | 4,676,266 29.04% | 3,623,897 2.54% | ||||||
EV | 5,089,787 | 5,607,515 | 8,302,501 | ||||||
EBITDA | 107,610 | 152,542 | 1,836,535 | ||||||
EV/EBITDA | 47.30 | 36.76 | 4.52 | ||||||
Interest | 29,807 | 33,184 | 26,106 | ||||||
Interest/NOPBT | 42.30% | 31.66% | 1.79% | ||||||