Belships AS (BELCO.OL) Stock Price

Belships AS Price

CLOSED
2.14
​
Market closed

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 123% of earnings. The dividend has grown at 74.6% per year over the past 6 years.

Belships AS stock price

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Belships AS business model & stock analysis

Belships ASA is a reputable company specializing in the transport of goods on the high seas. The company is based in Oslo, Norway and was founded in 1918. Belships originally focused on the transport of timber and agricultural products between Norway and Great Britain. Over the years, it has evolved into a leading company in the field of bulk commodity transport. Today, Belships is an international shipping company that owns and operates a fleet of modern ships. Its primary activity is the transport of bulk goods such as ore, coal, steel, cement, and fertilizers. Belships' customers are mainly mining companies, energy providers, and construction firms. The company is divided into three different business areas: shipping, ship chartering, and technical consulting. The shipping area involves the operation of Belships' ships, while ship chartering is an important part of the company's business as it also rents out its vessels to other shipping companies. The technical consulting area provides consulting and repair services to the shipping industry. Belships has invested in new ships in recent years to modernize and expand its fleet. Its ships are known for their efficiency, reliability, and environmental friendliness. The company relies on modern technology and is committed to sustainable shipping operations. Belships is an innovative company constantly striving to find new ways to offer the best possible services to its customers. Considering the growing competition in the market, Belships sees a successful future in further developing its services and products. In summary, Belships is a robust and well-established company specializing in bulk cargo transport. With its modern fleet, commitment to technology and sustainability, and wide range of services, the company is able to meet the needs of its customers.

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 1.91 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.

Fair ValueTerminal
1.91 USD
Over-/UndervaluationTerminal
Fairly valued
Sector
Industry
Marine
Number of shares
Employees
Revenue per Employee
3.03 M USD
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Website belships.com
Country
Norway
Currency
USD
Initial public offering
Jan 2, 1939
ISIN
NO0003094104
Cusip
R08325103
Sedol
4109174
Market capitalization
519.11 M USDSmall Cap
52-Week Range
PEG
—
P/E ratio
P/Ee 2025
104.34
P/Ee 2026
16.05
P/Ee 2027
—
P/S
P/Se
1.86
EV/EBIT
14.08
P/B Ratio
2.05
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
7.47 %
Dividend
Dividend yield
131.89 %
Est. Dividend Yield
131.89 %
Payout Ratio
123.02 %
Dividend growth Ø5Y
—
Dividend payments per year
4
Dividend paid since
0 years
Dividend not reduced since
0 years
Dividend increased since
0 years
Dividend withholding tax
25.00 %
Last updated Oct 14, 2026, 4:15 AM

Belships AS FIGI

BELCO:NO · BBG000BFYVM3NS6:GR · BBG000C3SKL1NS6:GF · BBG000C3SLG5NS6:GS · BBG000C3SN08NS6:GM · BBG000C3SND4NS6:GB · BBG000C3SNW3BEL:EO · BBG000CQLRY8BEL:XH · BBG000CQMWS3BEL:XC · BBG000CQMX10BEL:XF · BBG000CQMXV7BEL:XE · BBG000CQMYQ1BEL:XJ · BBG000CQMZ06

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.