Company Valuation: Black Sea Property

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 46.6 66.89 33.45 35.78 33.52 22.95
Change - 43.54% -50% 6.98% -6.33% -31.52%
Enterprise Value (EV) 1 123.5 127.1 100.3 113.7 155.2 227.4
Change - 2.94% -21.07% 13.35% 36.42% 46.54%
P/E -10.3x -6.64x 1,195x 306x -2.01x -0.23x
PBR 0.75x 0.7x 0.36x 0.34x 0.29x 1.07x
PEG - 1.46x -12x 4.7x 0x -0x
Capitalization / Revenue - - 64,692,294x 8,655,451x 4,737,131x 3,163,040x
EV / Revenue - - - - - -
EV / EBITDA -14.1x - -22x -153x 56x 115x
EV / EBIT -14.1x -41.7x -20.1x -26.6x -27.6x -28.9x
EV / FCF 19.3x -9.54x 3.09x -2.87x 94x -14.3x
FCF Yield 5.19% -10.5% 32.3% -34.9% 1.06% -6.99%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -27.13 -25.9 0.072 0.119 -6.36 -21.37
Distribution rate - - - - - -
Net sales - - 0.517 4.134 7.075 7.256
EBITDA 1 -8.745 - -4.57 -0.741 2.773 1.975
EBIT 1 -8.755 -3.051 -4.994 -4.28 -5.622 -7.857
Net income 1 -4.516 -10.07 0.028 0.117 -15.97 -98.72
Net Debt 1 76.9 60.24 66.89 77.94 121.6 204.4
Reference price 2 280.000 172.000 86.000 36.400 12.800 4.970
Nbr of stocks (in thousands) 166 389 389 983 2,618 4,618
Announcement Date 5/28/21 5/31/22 5/30/23 5/31/24 5/30/25 5/29/26
1NOK in Million2NOK
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.2M
25.41x1.03x12.36x-.--% 44.04B
20.66x0.99x9.58x2.52% 20.28B
16.13x0.65x10.66x-.--% 17.82B
18.29x3.71x11.9x5.44% 11.99B
21.16x8.86x17.75x4.51% 10.5B
68.33x2.64x10.42x-.--% 8.11B
38.29x1.35x13.22x0.84% 6.35B
40.19x1.19x9.1x0.29% 5.46B
30.7x12.11x - 1.89% 4.23B
Average 31.02x 3.61x 11.88x 1.72% 12.88B
Weighted average by Cap. 26.51x 2.35x 11.85x 1.39%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Stocks
  3. BSP Stock
  4. Valuation Black Sea Property