BW ENERGY LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 28.65 NOK | -1.21% |
|
+1.06% | +6.11% |
| 12:18pm | Oslo Stock Exchange Grants Mandatory Bid Exemption for BW Energy's Ownership Restructuring | MT |
| 03/05 | BW Offshore Completes Sale of Vessel to BW Energy | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 758.3 | 588.8 | 662 | 685.1 | 690 | - | - |
| Enterprise Value (EV) 1 | 637.7 | 437.9 | 616.1 | 783.5 | 696.2 | 465.3 | 97.53 |
| P/E ratio | -18 x | 11.4 x | 15.1 x | 8.57 x | 2.85 x | 3 x | 2.06 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 4.73 x | 2.17 x | 2.38 x | 1.35 x | 0.78 x | 0.78 x | 0.65 x |
| EV / Revenue | 3.98 x | 1.61 x | 2.22 x | 1.54 x | 0.79 x | 0.53 x | 0.09 x |
| EV / EBITDA | 7.33 x | 2.97 x | 4 x | 3.25 x | 1.27 x | 0.81 x | 0.13 x |
| EV / FCF | -25.5 x | -35.6 x | -8.63 x | -5.38 x | 3.4 x | -6.04 x | 0.44 x |
| FCF Yield | -3.92% | -2.81% | -11.6% | -18.6% | 29.4% | -16.6% | 226% |
| Price to Book | 1.67 x | 1.03 x | 1.25 x | 1.14 x | 0.74 x | 0.6 x | 0.5 x |
| Nbr of stocks (in thousands) | 2,34,304 | 2,57,994 | 2,57,994 | 2,57,944 | 2,57,944 | - | - |
| Reference price 2 | 3.236 | 2.282 | 2.566 | 2.656 | 2.675 | 2.675 | 2.675 |
| Announcement Date | 19/02/21 | 24/02/22 | 28/02/23 | 28/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 282.4 | 160.3 | 271.5 | 277.6 | 507.3 | 884.9 | 883 | 1,055 |
| EBITDA 1 | - | 87 | 147.2 | 154.2 | 241 | 549.9 | 573.6 | 764.5 |
| EBIT 1 | - | 16.1 | 98.4 | 94.1 | 141.1 | 394.3 | 383.1 | 524.9 |
| Operating Margin | - | 10.04% | 36.24% | 33.9% | 27.81% | 44.56% | 43.39% | 49.78% |
| Earnings before Tax (EBT) 1 | - | -12.2 | 88.8 | 83.8 | 122.5 | 330.9 | 337.7 | 489.1 |
| Net income 1 | - | -41.1 | 52 | 45 | 81 | 242.7 | 230.4 | 334.6 |
| Net margin | - | -25.64% | 19.15% | 16.21% | 15.97% | 27.43% | 26.1% | 31.73% |
| EPS 2 | - | -0.1800 | 0.2000 | 0.1700 | 0.3100 | 0.9385 | 0.8931 | 1.299 |
| Free Cash Flow 1 | - | -25 | -12.3 | -71.4 | -145.7 | 205 | -77 | 220 |
| FCF margin | - | -15.6% | -4.53% | -25.72% | -28.72% | 23.17% | -8.72% | 20.86% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 37.28% | - | 28.78% |
| FCF Conversion (Net income) | - | - | - | - | - | 84.46% | - | 65.74% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 27/02/20 | 19/02/21 | 24/02/22 | 28/02/23 | 28/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 103.6 | 110.9 | 12.3 | 95.4 | 59 | 75.4 | 94.4 | 88 | 249.6 | 238 | 876 | 1,144 | 1,308 |
| EBITDA 1 | - | 58.7 | 65.5 | 5.5 | 61.5 | 21.8 | 18.5 | 39.3 | 49.7 | 133.4 | 163 | 581 | 829 | 971 |
| EBIT 1 | - | 51.9 | 46.2 | -3.4 | 45.4 | 5.9 | 3.5 | 21.5 | 26 | 90.1 | 123 | 429 | 629 | 710 |
| Operating Margin | - | 50.1% | 41.66% | -27.64% | 47.59% | 10% | 4.64% | 22.78% | 29.55% | 36.1% | 51.68% | 48.97% | 54.98% | 54.28% |
| Earnings before Tax (EBT) 1 | - | 48.5 | 45.9 | -5.5 | 43.3 | 0.1 | 0.3 | 15.8 | 17.5 | 89 | 111 | 375 | 575 | 658 |
| Net income 1 | -10.3 | 38.8 | 35.7 | -16.5 | 33.8 | -8 | -5 | 5.3 | 0.5 | 80.2 | 79 | 261 | 381 | 369 |
| Net margin | - | 37.45% | 32.19% | -134.15% | 35.43% | -13.56% | -6.63% | 5.61% | 0.57% | 32.13% | 33.19% | 29.79% | 33.3% | 28.21% |
| EPS 2 | - | 0.1500 | 0.1400 | -0.0700 | 0.1300 | -0.0300 | - | 0.0200 | - | 0.3100 | 0.3100 | 1.010 | 1.480 | 1.430 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 23/11/21 | 24/02/22 | 27/05/22 | 25/08/22 | 17/11/22 | 28/02/23 | 24/05/23 | 23/08/23 | 16/11/23 | 28/02/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 98.4 | 6.22 | - | - |
| Net Cash position 1 | - | 121 | 151 | 45.9 | - | - | 225 | 592 |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.4083 x | 0.0113 x | - | - |
| Free Cash Flow 1 | - | -25 | -12.3 | -71.4 | -146 | 205 | -77 | 220 |
| ROE (net income / shareholders' equity) | - | -6.62% | 10.3% | 7.6% | 12.3% | 29.6% | 22.3% | 24.9% |
| ROA (Net income/ Total Assets) | - | -3.56% | 6.04% | 4.16% | 5.48% | 14.4% | 11.3% | 14.6% |
| Assets 1 | - | 1,155 | 860.3 | 1,081 | 1,478 | 1,686 | 2,039 | 2,292 |
| Book Value Per Share 2 | - | 1.940 | 2.220 | 2.050 | 2.330 | 3.630 | 4.450 | 5.370 |
| Cash Flow per Share | - | 0.2200 | - | - | - | - | - | - |
| Capex 1 | - | 74.5 | 121 | 240 | 335 | 273 | 302 | 351 |
| Capex / Sales | - | 46.48% | 44.64% | 86.42% | 66.04% | 30.81% | 34.17% | 33.24% |
| Announcement Date | 27/02/20 | 19/02/21 | 24/02/22 | 28/02/23 | 28/02/24 | - | - | - |
1USD in Million2USD
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
OUTPERFORM
Number of Analysts
3
Last Close Price
2.675
USD
Average target price
3.116
USD
Spread / Average Target
+16.49%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.11% | 690M | |
| +9.91% | 295B | |
| +7.81% | 143B | |
| +51.69% | 128B | |
| +20.16% | 79.7B | |
| +9.17% | 74.72B | |
| +19.90% | 63B | |
| +9.92% | 57.08B | |
| +11.91% | 48.78B | |
| +32.56% | 35.94B |
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- Financials BW Energy Limited