WESTERN BULK CHARTERING AS Financials Western Bulk Chartering AS Norwegian OTC
Equities
WEST
NO0010768096
Marine Freight & Logistics
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 36 NOK | +8.11% |
|
-14.29% | +227.27% |
| Mar. 04 | Western Bulk Chartering Names Interim CEO | MT |
| Mar. 04 | Western Bulk Chartering AS Appoints Ørjan Svanevik Interim Chief Executive Officer | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 35.77 | 171.8 | 126.3 | 82.68 | 77.74 | - | - |
| Enterprise Value (EV) 2 | 35.77 | 171.8 | 57.47 | 82.68 | 44.28 | 41.78 | 39.74 |
| P/E ratio | - | 2.1 x | - | -53.8 x | 6.16 x | 6.2 x | 6.22 x |
| Yield | - | - | 38.3% | - | 13% | 12.9% | 12.8% |
| Capitalization / Revenue | 0.05 x | - | 1.1 x | 5.27 x | 1.84 x | 1.85 x | 1.85 x |
| EV / Revenue | 0.05 x | - | 0.5 x | 5.27 x | 1.05 x | 0.99 x | 0.95 x |
| EV / EBITDA | - | - | 0.89 x | -6.86 x | 3.11 x | 2.95 x | 2.84 x |
| EV / FCF | - | - | 1.05 x | - | 44.3 x | 3.21 x | 3.06 x |
| FCF Yield | - | - | 95.3% | - | 2.26% | 31.1% | 32.7% |
| Price to Book | - | - | 1.79 x | - | 1.48 x | 1.41 x | - |
| Nbr of stocks (in thousands) | 27,860 | 33,620 | 33,620 | 33,620 | 33,620 | - | - |
| Reference price 3 | 11.00 | 45.00 | 36.80 | 25.00 | 25.60 | 25.60 | 25.60 |
| Announcement Date | 2/11/21 | 2/17/22 | 2/9/23 | 2/15/24 | - | - | - |
1NOK in Million2USD in Million3NOK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 778.7 | - | 114.5 | 15.69 | 42.16 | 42.05 | 42 |
| EBITDA 1 | - | - | 64.71 | -12.05 | 14.23 | 14.14 | 14 |
| EBIT 1 | - | - | 64.56 | -12.2 | 14.03 | 13.94 | 14 |
| Operating Margin | - | - | 56.38% | -77.76% | 33.28% | 33.16% | 33.33% |
| Earnings before Tax (EBT) 1 | - | - | 67.9 | -14.08 | 15.44 | 15.35 | 15 |
| Net income 1 | 3.203 | 81.03 | 65.98 | -15.62 | 13.24 | 13.15 | 13 |
| Net margin | 0.41% | - | 57.61% | -99.58% | 31.41% | 31.28% | 30.95% |
| EPS 2 | - | 21.48 | - | -0.4646 | 4.157 | 4.130 | 4.116 |
| Free Cash Flow 1 | - | - | 54.77 | - | 1 | 13 | 13 |
| FCF margin | - | - | 47.83% | - | 2.37% | 30.92% | 30.95% |
| FCF Conversion (EBITDA) | - | - | 84.64% | - | 7.03% | 91.91% | 92.86% |
| FCF Conversion (Net income) | - | - | 83.02% | - | 7.55% | 98.83% | 100% |
| Dividend per Share 2 | - | - | 14.10 | - | 3.326 | 3.304 | 3.272 |
| Announcement Date | 2/11/21 | 2/17/22 | 2/9/23 | 2/15/24 | - | - | - |
1USD in Million2NOK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 64 | 50.52 | 10.99 | 4.695 | 21 | 21 | 21 | 21 | 21 |
| EBITDA 1 | - | 26.45 | -2.493 | -9.553 | 7 | 7 | 7 | 7 | 7 |
| EBIT 1 | - | 26.38 | -2.562 | -9.636 | 7 | 7 | 7 | 7 | 7 |
| Operating Margin | - | 52.21% | -23.31% | -205.24% | 33.33% | 33.33% | 33.33% | 33.33% | 33.33% |
| Earnings before Tax (EBT) 1 | - | 29.83 | -4.39 | -9.688 | 8 | 8 | 8 | 8 | 8 |
| Net income 1 | - | 28.57 | -4.835 | -10.79 | 7 | 7 | 6 | 7 | 6 |
| Net margin | - | 56.55% | -43.99% | -229.73% | 33.33% | 33.33% | 28.57% | 33.33% | 28.57% |
| EPS 2 | - | - | - | - | 2.005 | 2.111 | 2.005 | 2.111 | 2.005 |
| Dividend per Share 2 | - | 6.000 | - | - | 1.689 | 1.689 | 1.583 | 1.689 | 1.583 |
| Announcement Date | - | 2/9/23 | 8/15/23 | 2/15/24 | - | - | - | - | - |
1USD in Million2NOK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 68.8 | - | 33.5 | 36 | 38 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 54.8 | - | 1 | 13 | 13 |
| ROE (net income / shareholders' equity) | - | - | 111% | - | 24.6% | 23.3% | 22.3% |
| ROA (Net income/ Total Assets) | - | - | 36.7% | - | 11% | 10.8% | 10.6% |
| Assets 1 | - | - | 179.6 | - | 120.4 | 121.8 | 122.6 |
| Book Value Per Share 2 | - | - | 20.60 | - | 17.30 | 18.10 | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - |
| Announcement Date | 2/11/21 | 2/17/22 | 2/9/23 | 2/15/24 | - | - | - |
1USD in Million2NOK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
25.6
NOK
Average target price
32
NOK
Spread / Average Target
+25.00%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +32.06% | 12.41B | |
| +38.63% | 4.01B | |
| +15.48% | 2.76B | |
| +27.05% | 2.02B | |
| +17.91% | 1.87B | |
| -18.90% | 1.81B | |
| +0.14% | 1.65B | |
| +35.36% | 1.59B | |
| +30.96% | 1.56B |
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- Financials Western Bulk Chartering AS
