Belships ASA - BELCO.OL

BELCO.OL Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
BELCO.OL	-0.2	0.2	0.2	13.8	-4.9	-4.5	42.6	187.2	416.6	1214.9
S&P 500	-0.5	1.2	2.9	5.4	13.0	21.8	31.6	85.9	198.9	34104.6

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	BELCO.OL
name	Belships ASA
price	20.25
changes percentage	-0.2463
change	-0.05
day low	20.25
day high	20.3
year high	26.2
year low	15.48
market cap	5118495300
price avg 50	18.8
price avg 200	20.76015
exchange	OSL
volume	154211
avg volume	944185
open	20.25
previous close	20.3
eps	2.87
pe	7.06
earnings announcement	2025-02-11T07:30:00.000+0000
shares outstanding	252765200
timestamp	2025-01-31 15:25:00

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 23.3%

Overall Quarterly Financial Health: 26.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	563441000	929583026	-39.39
gross profit	121857000	179206245	-32.00
gross profit ratio	0.22	0.19	12.19
research and development expenses	0	0	NaN
operating expenses	9318000	28301162	-67.08
interest income	2527000	99361.77	2443.23
interest expense	33184000	2696401.72	1130.68
ebitda	163918000	189689630	-13.59
ebitdaratio	0.29	0.2	42.57
operating income	112539000	150905083	-25.42
operating income ratio	0.2	0.16	23.04
net income	75895000	145958516	-48.00
net income ratio	0.13	0.16	-14.21
eps	0.3	0.58	-48.04

Overall Score of Annual Income Statement

0.14 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 563 million in 2023 from 930 million in 2022 representing a change of -39.39%. This indicates a sales shrinking, which is a negative sign for the company.

  Gross Profit: Gross Profit decreased to 122 million in 2023 from 179 million in 2022 representing a change of -32.0%. This indicates a sales profitability decline, which is a negative sign for the company.

  Operating Expenses: Operating Expenses increased to 9 million in 2023 from 28 million in 2022 representing a change of -67.08%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 164 million in 2023 from 190 million in 2022 representing a change of -13.59%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to 113 million in 2023 from 151 million in 2022 representing a change of -25.42%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Earnings per Share (EPS): EPS increased to 0.3 in 2023 from 0.3 in 2022 representing a change of -48.04%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

• 📈 Positive Indicators

  Net Income: Net income increased to 76 million in 2023 from 146 million in 2022 representing a change of -48.0%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
revenue	86058000	69708587	23.45
gross profit	18553000	6802407.75	172.74
gross profit ratio	0.22	0.1	120.93
research and development expenses	0	0	NaN
operating expenses	-5093000	-317091.89	-1506.16
interest income	2595000	1092833.72	137.46
interest expense	7652000	689820.54	1009.27
ebitda	34457000	35871433	-3.94
ebitdaratio	0.4	0.51	-22.19
operating income	23646000	19470839	21.44
operating income ratio	0.27	0.28	-1.63
net income	18801000	18104406	3.85
net income ratio	0.22	0.26	-15.88
eps	0	0.07	-100.00

Overall Score of Quarterly Income Statement

None

Detailed Analysis

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	932864000	1017775074	-8.34
total liabilities	627303000	715243564	-12.30
total equity	306410786	302531509	1.28
cash and cash equivalents	128105000	142315518	-9.99
short term investments	0	0	NaN
long term investments	0	31093078	-100.00
total current assets	187495000	215796686	-13.11
total non current assets	745369000	801978387	-7.06
total current liabilities	83144000	148579107	-44.04
total non current liabilities	544159000	566664457	-3.97
common stock	59466000	60505284	-1.72
retained earnings	128935000	100591841	28.18
total debt	563403000	615833013	-8.51

Overall Score of Annual Balance Sheet

0.56 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 933 million in 2023 from 1,018 million in 2022 representing a change of -8.34%. Suggesting a decrease in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 128 million in 2023 from 142 million in 2022 representing a change of -9.99%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 187 million in 2023 from 216 million in 2022 representing a change of -13.11%. This indicates a worsen liquidity position.

  Common Stock: Common Stock decreased to 59 in 2023 from 61 in 2022 representing a change of -1.72%. This indicates a decrease in ownership interest.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 627 million in 2023 from 715 million in 2022 representing a change of -12.3%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 306 million in 2023 from 303 million in 2022 representing a change of 1.28%. This indicates an increase in shareholders' equity.

  Total Current Liabilities: Total Current Liabilities decreased to 83 million in 2023 from 149 million in 2022 representing a change of -44.04%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to 129 million in 2023 from 101 million in 2022 representing a change of 28.18%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 563 million in 2023 from 616 million in 2022 representing a change of -8.51%. This indicates a reduction in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
total assets	878182000	852770754	2.98
total liabilities	588942000	569505159	3.41
total equity	289240000	283265595	2.11
cash and cash equivalents	153604000	92228078	66.55
short term investments	0	0	NaN
long term investments	0	14009277	-100.00
total current assets	190299000	174761737	8.89
total non current assets	687883000	678009017	1.46
total current liabilities	71218000	77528343	-8.14
total non current liabilities	517724000	491976815	5.23
common stock	59466000	59505407	-0.07
retained earnings	147570000	142263214	3.73
total debt	0	536902568	-100.00

Overall Score of Quarterly Balance Sheet

0.78 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 878 million in 2024Q3 from 853 million in 2024Q2 representing a change of 2.98%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 289 million in 2024Q3 from 283 million in 2024Q2 representing a change of 2.11%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 154 million in 2024Q3 from 92 million in 2024Q2 representing a change of 66.55%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 190 million in 2024Q3 from 175 million in 2024Q2 representing a change of 8.89%. This indicates a better liquidity position.

  Total Current Liabilities: Total Current Liabilities decreased to 71 million in 2024Q3 from 78 million in 2024Q2 representing a change of -8.14%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to 148 million in 2024Q3 from 142 million in 2024Q2 representing a change of 3.73%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 0 million in 2024Q3 from 537 million in 2024Q2 representing a change of -100.0%. This indicates a reduction in overall debt burden.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 589 million in 2024Q3 from 570 million in 2024Q2 representing a change of 3.41%. This indicates an increase in overall liabilities.

  Common Stock: Common Stock decreased to 59 in 2024Q3 from 60 in 2024Q2 representing a change of -0.07%. This indicates a decrease in ownership interest.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	-11595000	46494367	-124.94
operating cash flow	120893000	170475723	-29.08
free cash flow	120893000	84442416	43.17
capital expenditure	0	-86033306	100.00
depreciation and amortization	47738351	38784546	23.09
deferred income tax	0	-76836479	100.00
stock based compensation	1278000	-732612.33	274.44
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	10666000	65679643	-83.76
investments in property plant and equipment	0	-86033306	100.00
net cash used for investing activites	35900000	-22853777	257.09
debt repayment	-89372000	289530533	-130.87
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-58752000	-123224975	52.32
net cash used provided by financing activities	-168389000	-113173844	-48.79
cash at end of period	128276000	142315518	-9.87
accounts receivables	0	0	NaN
cash at beginning of period	139871000	95821151	45.97

Overall Score of Annual Cashflow Statement

None

Detailed Analysis

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
operating cash flow	19964000	25466563	-2.161000e+01
free cash flow	19416000	2369824.9	7.193000e+02
capital expenditure	-548000	0.38	-1.437793e+08
depreciation and amortization	8926000	946388.67	8.431600e+02
deferred income tax	0	0	NaN
stock based compensation	320000	90127.78	2.550500e+02
accounts receivables	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	10000000	0	NaN
investments in property plant and equipment	-548000	0.38	-1.437793e+08
net cash used for investing activites	67102000	-36354941	2.845700e+02
debt repayment	-12591000	-4760579	-1.644800e+02
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-13039000	-1343270.43	-8.706900e+02
net cash used provided by financing activities	-25629000	-17212000	-4.890000e+01
net change in cash	61437000	-30298837	3.027700e+02
cash at end of period	153604000	92228078	6.655000e+01
cash at beginning of period	92167000	122526916	-2.478000e+01

Overall Score of Quarterly Cashflow Statement

None

Detailed Analysis

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	2.23	3.68	-39.39
net income per share	0.3	0.58	-48.00
operating cash flow per share	0.48	0.67	-29.08
free cash flow per share	0.48	0.33	43.17
cash per share	0.51	0.56	-9.99
book value per share	1.21	1.2	1.00
tangible book value per share	1.21	1.2	1.00
shareholders equity per share	1.07	1.04	3.71
interest debt per share	2.36	2.45	-3.55
market cap	468916437.84	367986719.11	27.43
enterprise value	904214437.84	841504214.11	7.45
pe ratio	6.18	2.52	145.06
price to sales ratio	0.83	0.4	110.23
pocfratio	3.88	2.16	79.69
pfcf ratio	3.88	4.36	-10.99
pb ratio	1.73	1.41	22.87
ptb ratio	1.73	1.41	22.87
ev to sales	1.6	0.91	77.28
enterprise value over ebitda	5.52	4.44	24.35
ev to operating cash flow	7.48	4.94	51.52
ev to free cash flow	7.48	9.97	-24.95
earnings yield	0.16	0.4	-59.19
free cash flow yield	0.26	0.23	12.35
debt to equity	2.08	2.35	-11.78
debt to assets	0.6	0.61	-0.19
net debt to ebitda	2.66	2.5	6.38
current ratio	2.26	1.45	55.26
interest coverage	3.39	55.97	-93.94
income quality	1.42	1.17	21.78
dividend yield	0.13	0.33	-62.58
payout ratio	0.77	0.84	-8.31
sales general and administrative to revenue	0.03	0.0	906.66
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0.5	-100.00
capex to revenue	0	0.09	-100.00
capex to depreciation	0	2.22	-100.00
stock based compensation to revenue	0.0	-0.0	387.80
graham number	2.69	3.67	-26.57
roic	0.12	0.16	-27.64
return on tangible assets	0.08	0.14	-43.27
graham net net	-1.96	-2.19	10.69
working capital	104351000	67217579	55.24
tangible asset value	305561000	302531510	1.00
net current asset value	-439808000	-499446878	11.94
invested capital	836830000	838102887	-0.15
average receivables	7530546.5	17075411.5	-55.90
average payables	4290212.29	743434.72	477.08
average inventory	11743737	15718823.5	-25.29
days sales outstanding	0	5.91	-100.00
days payables outstanding	6.5	0.35	1773.29
days of inventory on hand	7.07	7.26	-2.63
receivables turnover	0	61.72	-100.00
payables turnover	56.13	1051.53	-94.66
inventory turnover	51.61	50.25	2.70
roe	0.28	0.56	-49.86
capex per share	0	0.34	-100.00

• Neutral

  ROE: Return on Equity (ROE) decreased to 0.28 on 2023-12-31 from 0.56 on 2022-12-31, representing a change of -49.86%. However, ROE is >= 15%, suggesting that the company has been generating high returns for its shareholders still.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 6.18 on 2023-12-31 from 2.52 on 2022-12-31, representing a change of 145.06%. Indicating an increase in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 2.26 on 2023-12-31 from 1.45 on 2022-12-31, representing a change of 55.26%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Also, it's above 1, indicating the ability to cover short-term obligations.

• Negative

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 2.08 on 2023-12-31 from 2.35 on 2022-12-31, representing a change of -11.78%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. However, a ratio of 2.0 or higher is usually considered risky.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
BELCO.OL
calendar year	2024	2024	NaN
revenue per share	0	0.28	-1.000000e+02
net income per share	0	0.07	-1.000000e+02
operating cash flow per share	0	0.1	-1.000000e+02
free cash flow per share	0	0.01	-1.000000e+02
cash per share	0	0.36	-1.000000e+02
book value per share	0	1.12	-1.000000e+02
tangible book value per share	0	1.12	-1.000000e+02
shareholders equity per share	0	1.09	-1.000000e+02
interest debt per share	0	2.13	-1.000000e+02
market cap	0	579624314.87	-1.000000e+02
enterprise value	-153604000	1024298804.87	-1.150000e+02
pe ratio	0	8.0	-1.000000e+02
price to sales ratio	0	8.31	-1.000000e+02
pocfratio	0	22.76	-1.000000e+02
pfcf ratio	0	244.59	-1.000000e+02
pb ratio	0	2.11	-1.000000e+02
ptb ratio	0	2.11	-1.000000e+02
ev to sales	-1.78	14.69	-1.121500e+02
enterprise value over ebitda	-4.46	28.55	-1.156100e+02
ev to operating cash flow	-7.69	40.22	-1.191300e+02
ev to free cash flow	-7.91	432.23	-1.018300e+02
earnings yield	None	0.03	NaN
free cash flow yield	0	0.0	-1.000000e+02
debt to equity	0	1.96	-1.000000e+02
debt to assets	0	0.63	-1.000000e+02
net debt to ebitda	-4.46	12.4	-1.359600e+02
current ratio	2.67	2.25	1.854000e+01
interest coverage	3.09	28.23	-8.905000e+01
income quality	1.12	14.99	-9.255000e+01
dividend yield	None	0.0	NaN
payout ratio	0.69	0.07	8.347300e+02
sales general and administrative to revenue	0.01	0.0	2.650000e+02
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0.0	-1.000000e+02
capex to operating cash flow	0.03	0.0	1.834081e+08
capex to revenue	0.01	0.0	1.164637e+08
capex to depreciation	0.06	0.0	1.524424e+07
stock based compensation to revenue	0.0	0.0	1.876000e+02
graham number	0	1.32	-1.000000e+02
roic	0.03	0.02	2.832000e+01
return on tangible assets	0.02	0.02	8.400000e-01
graham net net	0	-1.89	1.000000e+02
working capital	119081000	97233394	2.247000e+01
tangible asset value	289240000	283205541.14	2.130000e+00
net current asset value	-398643000	-394743422	-9.900000e-01
invested capital	806495000	760184452.86	6.090000e+00
average receivables	0	0	NaN
average payables	13982259.5	38992355.5	-6.414000e+01
average inventory	4658514.28	7324253.28	-3.640000e+01
days sales outstanding	0	0	NaN
days payables outstanding	0	40.01	-1.000000e+02
days of inventory on hand	11.78	0.69	1.608010e+03
receivables turnover	0	0	NaN
payables turnover	0	2.25	-1.000000e+02
inventory turnover	7.64	130.5	-9.415000e+01
roe	0.07	0.07	1.790000e+00
capex per share	0	0.0	-1.000000e+02

• ROE:

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 0.00 on 2024-09-30 Q3 from 8.00 on 2024-06-30 Q2, representing a change of -100.00%. Indicating a decrease in the relative valuation of the company's stock.

• Positive

  Current Ratio: Current Ratio increased to 2.67 on 2024-09-30 Q3 from 2.25 on 2024-06-30 Q2, representing a change of 18.54%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Also, it's above 1, indicating the ability to cover short-term obligations.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2024-09-30 Q3 from 1.96 on 2024-06-30 Q2, representing a change of -100.00%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None