Belships ASA
OSE:BELCO

Watchlist Manager
Belships ASA Logo
Belships ASA
OSE:BELCO
Watchlist
Price: 20.35 NOK Market Closed
Market Cap: kr5.2B

P/S

1.3
Current
47%
More Expensive
vs 3-y average of 0.9

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.3
=
Market Cap
kr5.1B
/
Revenue
$415m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.3
=
Market Cap
kr5.1B
/
Revenue
$415m

Valuation Scenarios

Belships ASA is trading above its 3-year average

If P/S returns to its 3-Year Average (0.9), the stock would be worth kr13.83 (32% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-58%
Maximum Upside
+61%
Average Downside
2%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 1.3 kr20.35
0%
3-Year Average 0.9 kr13.83
-32%
5-Year Average 0.5 kr8.55
-58%
Industry Average 1.5 kr24.23
+19%
Country Average 2.1 kr32.78
+61%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
kr5.1B
/
Jan 2025
$415m
=
1.3
Current
kr5.1B
/
Dec 2025
$322.4m
=
16
Forward
kr5.1B
/
Dec 2026
$372.4m
=
13.8
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

In line with most companies in Norway
Percentile
34rd
Based on 676 companies
34rd percentile
1.3
Low
0.1 — 1.1
Typical Range
1.1 — 4
High
4 —
Distribution Statistics
Norway
Min 0.1
30th Percentile 1.1
Median 2.1
70th Percentile 4
Max 77 165

Belships ASA
Glance View

Market Cap
5.2B NOK
Industry
Marine

Belships ASA engaged in providing freight transportation and shipping services. The company is headquartered in Oslo, Oslo. The Company’s activities are divided into two business segments: Dry Bulk and Technical Management. The Dry Bulk segment consists of supramax and ultramax dry bulk carriers chartered to Canpotex Shipping Services Ltd and Cargill International. The Dry Bulk fleet mostly transports semifinished industry products and operates worldwide. The Technical Management segment is engaged in technical operation activities through Belships Management in Singapore and in Tianjin and Shanghai in China. These units handle technical maritime operation for the Company and on behalf of other shipping providers. The Company’s major shareholder is Sonata AS.

BELCO Intrinsic Value
42.54 NOK
Undervaluation 52%
Intrinsic Value
Price kr20.35
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett