Belships ASA
XBER:NS6
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P/OCF
Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.
Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.
Valuation Scenarios
If P/OCF returns to its 3-Year Average (4.2), the stock would be worth €1.28 (30% downside from current price).
| Scenario | P/OCF Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 6 | €1.82 |
0%
|
| 3-Year Average | 4.2 | €1.28 |
-30%
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| 5-Year Average | 3.7 | €1.12 |
-39%
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| Industry Average | 3.8 | €1.16 |
-36%
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| Country Average | 8.4 | €2.53 |
+39%
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Forward P/OCF
Today’s price vs future operating cash flow
Peer Comparison
| Market Cap | P/OCF | P/E | ||||
|---|---|---|---|---|---|---|
| NO |
|
Belships ASA
XBER:NS6
|
5.1B EUR | 6 | 9.2 | |
| DK |
|
AP Moeller - Maersk A/S
CSE:MAERSK B
|
219.9B DKK | 3.5 | 12.7 | |
| CN |
|
COSCO Shipping Holdings Co Ltd
SSE:601919
|
220.4B CNY | 4.9 | 7.2 | |
| CH |
|
Kuehne und Nagel International AG
SIX:KNIN
|
22.5B CHF | 12.8 | 25.9 | |
| DE |
|
Hapag Lloyd AG
XETRA:HLAG
|
19.7B EUR | 8.6 | 23.9 | |
| JP |
|
Nippon Yusen KK
TSE:9101
|
2.3T JPY | 4.1 | 10.2 | |
| TW |
|
Evergreen Marine Corp Taiwan Ltd
TWSE:2603
|
433B TWD | 4.3 | 6.3 | |
| KR |
H
|
HMM Co Ltd
KRX:011200
|
19.6T KRW | 5.9 | 10.5 | |
| JP |
|
Mitsui O.S.K. Lines Ltd
TSE:9104
|
2T JPY | 4.5 | 8.6 | |
| HK |
|
Orient Overseas (International) Ltd
HKEX:316
|
89.3B HKD | 5.7 | 7.5 | |
| HK |
|
SITC International Holdings Co Ltd
HKEX:1308
|
85.8B HKD | 8.3 | 9.5 |
Market Distribution
| Min | 0.8 |
| 30th Percentile | 5.1 |
| Median | 8.4 |
| 70th Percentile | 17.7 |
| Max | 7 081 |
Other Multiples
Belships ASA
Glance View
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.
