Belships AS (BELCO.OL) Stock Price
Belships AS Price
Revenue has compounded at 38.6% per year over the past 9 years to 415.02 M USD. Earnings per share have declined at 4.0% per year over the last 7 years. Belships AS's net margin stands at 14.0%, up from -8.8% several years earlier. Belships AS currently offers a dividend yield of about 131.89%. The payout ratio is around 124% of earnings. The dividend has grown at 74.5% per year over the past 6 years.
Belships AS stock price
Details
Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Belships AS over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Belships AS stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Belships AS's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Belships AS Price |
|---|
Belships AS Revenue, EBIT, Net Income
3 Years
5 Years
10 Years
25 Years
Max
Details
Belships AS Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEM USD |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEM USD |
| EBITM USD |
| EBIT MARGIN% |
| NET INCOMEM USD |
| NET INCOME GROWTH% |
| DIVIDENDDIV.USD |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESM |
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | 2026e | 2027e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21.00 | 25.00 | 125.00 | 132.00 | 161.00 | 226.00 | 815.00 | 930.00 | 566.00 | 415.00 | 279.00 | 290.00 | 31.00 |
| – | 19.05 | 400.00 | 5.60 | 21.97 | 40.37 | 260.62 | 14.11 | -39.14 | -26.68 | -32.77 | 3.94 | -89.31 |
| 71.43 | 68.00 | 92.80 | 91.67 | 81.37 | 73.01 | 79.75 | 77.96 | 75.44 | 76.39 | 76.39 | 76.39 | 76.39 |
| 15.00 | 17.00 | 116.00 | 121.00 | 131.00 | 165.00 | 650.00 | 725.00 | 427.00 | 317.00 | 213.12 | 221.52 | 23.68 |
| 5.00 | 6.00 | 7.00 | 22.00 | 11.00 | -5.00 | 131.00 | 152.00 | 105.00 | 67.00 | 40.00 | 42.00 | 4.00 |
| 23.81 | 24.00 | 5.60 | 16.67 | 6.83 | -2.21 | 16.07 | 16.34 | 18.55 | 16.14 | 14.34 | 14.48 | 12.90 |
| -30.00 | -14.00 | 14.00 | 18.00 | 3.00 | -19.00 | 103.00 | 146.00 | 75.00 | 58.00 | 4.00 | 32.00 | – |
| – | -53.33 | -200.00 | 28.57 | -83.33 | -733.33 | -642.11 | 41.75 | -48.63 | -22.67 | -93.10 | 700.00 | – |
| – | – | – | – | – | – | – | 3.40 | 2.50 | 2.83 | 2.83 | 2.83 | 2.83 |
| – | – | – | – | – | – | – | – | -26.47 | 13.20 | – | – | – |
| 46.87 | 46.87 | 46.87 | 95.18 | 116.23 | 222.64 | 250.66 | 212.88 | 252.76 | 242.35 | 242.35 | 242.35 | 242.35 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Belships AS generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Belships AS retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Belships AS's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Belships AS has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Belships AS's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Belships AS stock margins
3 Years
5 Years
10 Years
25 Years
Max
Details
Belships AS Stock Revenue, EBIT, Earnings per Share
3 Years
5 Years
10 Years
25 Years
Max
Details
Belships AS business model & stock analysis
Belships AS SWOT Analysis
Strengths
Belships ASA has several strengths that contribute to its success in the market. These strengths include:
- Strong financial position
- Extensive experience and expertise in the shipping industry
- Modern and well-maintained fleet
- Established customer base and relationships
- Strong global presence and diversified operations
Weaknesses
Despite its strengths, Belships ASA also has certain weaknesses that need to be addressed. These weaknesses include:
- Relatively small market share compared to larger competitors
- Dependence on a limited number of key customers
- Dependence on external factors like fuel prices and global trade conditions
- Challenges in adapting to rapidly changing market trends
Opportunities
Belships ASA has several opportunities for growth and expansion. These opportunities include:
- Increasing demand for bulk shipping services in emerging markets
- Partnerships and collaborations with other industry players
- Investment in sustainable and environmentally friendly shipping solutions
- Exploring new trade routes and markets
Threats
Belships ASA faces certain threats that could potentially impact its performance. These threats include:
- Intense competition from larger and more established shipping companies
- Volatility in fuel prices and other operational costs
- Potential disruptions in global trade and economic downturns
- Regulatory changes and compliance requirements
Belships AS Eulerpool Fair Value
Details
Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Belships AS historical P/E ratio, EBIT multiple, and P/S ratio
Belships AS annual returns
Details
Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Belships AS shares outstanding
3 Years
5 Years
10 Years
25 Years
Max
Details
Belships AS stock splits
Belships AS Dividend History
17 years of dividend payments
Belships AS dividend history and estimates
Max
Details
Belships AS dividend payout ratio
3 Years
5 Years
10 Years
25 Years
Max
Details
Belships AS Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 5/7/2024 | 0.04USD | - | 93.22 MUSD | - | 2024 Q1 |
| 2/20/2024 | 0.05USD | - | 102.49 MUSD | - | 2023 Q4 |
| 8/15/2023 | 0.12USD | - | 152.25 MUSD | - | 2023 Q2 |
| 5/10/2023 | 0.11USD | - | 154.28 MUSD | - | 2023 Q1 |
| 2/20/2023 | 0.13USD | - | 156.31 MUSD | - | 2022 Q4 |
| 11/10/2022 | 0.14USD | - | 151.24 MUSD | - | 2022 Q3 |
| 8/17/2022 | 0.16USD | - | 235.48 MUSD | - | 2022 Q2 |
| 5/12/2022 | 0.16USD | - | 130.43 MUSD | - | 2022 Q1 |
| 2/21/2022 | 0.13USD | - | 122.81 MUSD | - | 2021 Q4 |
| 11/12/2021 | 0.11USD | - | 90.90 MUSD | - | 2021 Q3 |
Belships AS shareholder structure
| % | Name |
|---|---|
0.00583% | |
0.00358% | |
0.00000% | |
0.00000% | |
0.00000% | |
0.00000% |
Belships AS Beneficial Ownership Filings (SEC 13D/G)
Belships AS Executives and Management Board
15 members · avg. age 56 · 27 % women
Management
Mr. Lars Skarsgard (39)
Chief Executive Officer
Mr. Yngve Gram
Chief Financial Officer
Mr. Joel Ye Zhan Hua
Managing Director of Belships Management (Singapore) Pte Ltd
Mr. Yee Tuck Foo
Senior General Manager, Belships Management (Singapore) Pte Ltd
Board of Directors
Mr. Stein Runsbech
Commercial Director
Hr. Sverre Tidemand (68)
Director
Mrs. Sissel Grefsrud
Director
Mr. Peter Frolich
Chairman of the Board · since 2018
Mr. Anthony Sng
Financial Director, Belships Management (Singapore) Pte Ltd
Ms. Birthe Lepsoe (50)
Director
Frequently asked questions about Belships AS
Belships ASA operates as a shipping company, focusing on the dry bulk sector. The company owns and operates a versatile fleet of vessels that are specifically designed for carrying dry bulk commodities such as coal, iron ore, and grain. Belships ASA provides efficient and reliable transportation services for its customers globally. With its extensive industry knowledge and expertise, the company aims to capitalize on market opportunities and optimize its fleet's performance. Belships ASA's business model revolves around providing cost-effective and environmentally friendly shipping solutions to meet the evolving demands of the global dry bulk market.
Belships ASA is primarily active in the shipping industry.
The main competitors of Belships ASA in the market include companies such as Golden Ocean Group Limited, Star Bulk Carriers Corp., Scorpio Bulkers Inc., and Diana Shipping Inc. These companies compete in the dry bulk shipping industry, offering similar services and solutions to clients worldwide. Belships ASA, a Norwegian shipping company, operates a modern fleet of bulk carriers and specializes in transporting dry bulk commodities. While competition is fierce in the industry, Belships ASA continues to establish its presence through strong operational performance and strategic partnerships with key stakeholders.
Belships ASA is a Norwegian shipping company with a rich history and extensive background. Founded in 1918, Belships has a long-standing presence in the maritime industry. The company specializes in transporting dry bulk cargo worldwide and has gained a reputation for its reliable services. Over the years, Belships has successfully expanded its fleet and established strong relationships with leading clients globally. With a focus on quality and efficiency, Belships has consistently delivered excellent results, contributing to its growth and market presence. Today, Belships ASA continues to be a prominent player in the shipping industry, providing reliable and cost-effective solutions for the transportation of various commodities.
Belships ASA, a leading shipping company, has achieved significant milestones in its journey. Notably, it has successfully expanded its fleet, allowing the company to handle a larger volume of cargo effectively. In addition, Belships ASA has forged strategic partnerships with key industry players, enabling it to enhance its global presence and capitalize on emerging market opportunities. Moreover, the company has consistently demonstrated a commitment to sustainability and environmental responsibility through the implementation of various eco-friendly initiatives. Belships ASA's relentless dedication to delivering exceptional shipping services and its continuous drive for innovation have solidified its position as a trusted and reliable name in the industry.
Belships ASA is primarily present in various countries and regions across the globe. The company has a strong presence in Europe, particularly in Norway where it is headquartered. Additionally, Belships ASA operates and has investments in Asia, including Singapore and Japan. The company's focus on these key markets allows it to leverage their strategic locations and tap into emerging opportunities. With a diversified international presence, Belships ASA is well positioned to capitalize on global trends and navigate the ever-changing dynamics of the shipping industry.
Belships ASA represents values of professionalism, reliability, and sustainable growth. As a leading shipping company, Belships ASA follows a corporate philosophy focused on providing high-quality shipping services while prioritizing safety and environmental responsibility. With a rich heritage spanning over a century, Belships ASA is committed to delivering value to its customers and stakeholders through efficient operations and long-term partnerships. The company's dedication to innovation and adaptability ensures its ability to navigate the ever-evolving global shipping industry. Belships ASA's strong values and forward-thinking approach make it a trusted and respected player in the maritime sector.
9 analysts currently rate the Belships AS stock: 8 recommend buying, 1 holding and 0 selling. For 2026, analysts expect Belships AS to generate revenue of 290.48 M USD and earnings per share of 0.13 USD.
Converted at the current exchange rate, the Belships AS share trades at 1.85 EUR (2.14 USD).
Belships ASA is a Norwegian company focused on the shipping industry. Its core business includes owning and operating dry cargo ships, as well as leasing these ships to international freight companies. The company has been active since 1918 and has become a significant player in the shipping industry over the years. Belships ASA currently operates a fleet of modern dry cargo ships specialized in various markets. The company divides its ships into four categories: Panamax, Supramax/Ultramax, Handysize, and Newbuilds. Panamax ships are specifically built for the Panama Canal and have a capacity of 60,000 to 70,000 tons. Belships ASA has a fleet of four Panamax ships primarily used in Asian markets. Supramax/Ultramax ships are the most common ships in the dry cargo industry with a capacity of 45,000 to 67,000 tons. Belships ASA operates a fleet of eleven Supramax/Ultramax ships deployed in both the Atlantic and Pacific oceans. Handysize ships are smaller vessels with a capacity of 15,000 to 35,000 tons, commonly used in coastal and regional cargo. Belships ASA has a fleet of five Handysize ships primarily active in Europe and Asia. In addition to the existing fleet, Belships ASA also currently operates a Newbuild program, which includes the construction of five new Supramax/Ultramax ships. The expected completion of these ships ranges from 2021 to 2023. Belships ASA's business model is based on buying and operating dry cargo ships and leasing them to international freight companies. By segmenting the fleet, the company can fulfill demand in different markets and offer a wider range of services. Belships ASA works closely with a number of international customers, including Bergesen Worldwide, Cargill International, Rio Tinto Shipping, Mitsui & Co, and Oldendorff Carriers. The company ensures efficient and cost-effective operations and provides high-quality services. In a market characterized by strong competition and volatile freight rates, Belships ASA has a robust business strategy and differentiated product offerings that allow it to stand out from competitors. Additionally, the company has a strong financial position and a significant reputation in the industry. Overall, Belships ASA is a leading company in the shipping industry, promising stable growth in the future through its differentiated products and strong financial position. With a broad customer base and a well-established operating model, the company has the ability to remain competitive in a dynamic environment.
The expected revenue of Belships AS is 290.48 M USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Belships AS is 32.34 M USD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Belships AS is currently 16.05. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Belships AS stock.
The price-to-sales ratio (P/S) of Belships AS is currently 1.79. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Belships AS stock.
The Eulerpool Quality Score for Belships AS is 0/10.
The ISIN of Belships AS is NO0003094104. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Belships AS is 887150. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Belships AS is BELCO.OL. The ticker symbol is used to trade Belships AS shares on the stock exchange.
Over the past 12 months, Belships AS paid a dividend of 2.83 USD . This corresponds to a dividend yield of about 131.89 %. For the coming 12 months, Belships AS is expected to pay a dividend of 2.83 USD.
The current dividend yield of Belships AS is 131.89 %.
Belships AS pays a dividend, distributed in the months of , , , .
Belships AS paid dividends every year for the past 0 years.
For the upcoming 12 months, dividends amounting to 2.83 USD are expected. This corresponds to a dividend yield of 131.89 %.
Belships AS is assigned to the 'Industry' sector.
To receive the latest dividend of Belships AS from amounting to 0.5 USD, you needed to have the stock in your portfolio before the ex-date on .
The last dividend was paid out on .
In the year 2025, Belships AS distributed 2.83 USD as dividends.
The dividends of Belships AS are distributed in USD.
Belships AS stock
Belships AS Peer Group
Belships AS FIGI
All fundamentals and in-depth analysis of Belships AS
Our stock analysis for Belships AS stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Belships AS. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.