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.($)
- - - - 1.69M
21.8x0.97x11.86x-.--% 41.3B
19.64x0.73x6.9x2.46% 17.53B
14.5x0.53x9.26x-.--% 15.04B
19.26x8.13x15.3x4.8% 9.62B
40.73x2.42x9.46x-.--% 7.64B
35.39x1.25x12.29x0.84% 6.56B
50.21x1.11x8.42x0.31% 5.05B
36.98x15.35x - 1.71% 4.67B
16.15x0.94x5.38x0.78% 2.72B
Average 28.30x 3.49x 9.86x 1.21% 11.01B
Weighted average by Cap. 24.17x 2.23x 10.50x 0.97%

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