BW ENERGY LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 33.1 NOK | +3.12% |
|
+8.35% | +22.59% |
| May. 28 | BW Energy Limited Announces Chief Financial Officer Changes | CI |
| May. 24 | Transcript : BW Energy Limited, Q1 2024 Earnings Call, May 24, 2024 |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 758.3 | 588.8 | 662 | 685.1 | 790.1 | - | - |
| Enterprise Value (EV) 1 | 637.7 | 437.9 | 616.1 | 783.5 | 973.1 | 630.1 | 347.1 |
| P/E ratio | -18 x | 11.4 x | 15.1 x | 8.57 x | 3.86 x | 3.13 x | 2.41 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 4.73 x | 2.17 x | 2.38 x | 1.35 x | 0.94 x | 0.84 x | 0.75 x |
| EV / Revenue | 3.98 x | 1.61 x | 2.22 x | 1.54 x | 1.15 x | 0.67 x | 0.33 x |
| EV / EBITDA | 7.33 x | 2.97 x | 4 x | 3.25 x | 1.91 x | 1.05 x | 0.48 x |
| EV / FCF | -25.5 x | -35.6 x | -8.63 x | -5.38 x | 114 x | 4.32 x | 1.52 x |
| FCF Yield | -3.92% | -2.81% | -11.6% | -18.6% | 0.87% | 23.2% | 65.8% |
| Price to Book | 1.67 x | 1.03 x | 1.25 x | 1.14 x | 0.84 x | 0.69 x | 0.49 x |
| Nbr of stocks (in thousands) | 234,304 | 257,994 | 257,994 | 257,944 | 257,944 | - | - |
| Reference price 2 | 3.236 | 2.282 | 2.566 | 2.656 | 3.063 | 3.063 | 3.063 |
| Announcement Date | 2/19/21 | 2/24/22 | 2/28/23 | 2/28/24 | - | - | - |
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 | 842.8 | 936.6 | 1,056 |
| EBITDA 1 | - | 87 | 147.2 | 154.2 | 241 | 508.9 | 599.8 | 718.7 |
| EBIT 1 | - | 16.1 | 98.4 | 94.1 | 141.1 | 345.9 | 409 | 498.7 |
| Operating Margin | - | 10.04% | 36.24% | 33.9% | 27.81% | 41.05% | 43.67% | 47.21% |
| Earnings before Tax (EBT) 1 | - | -12.2 | 88.8 | 83.8 | 122.5 | 299.9 | 365 | 466 |
| Net income 1 | - | -41.1 | 52 | 45 | 81 | 205.7 | 252.1 | 328.2 |
| Net margin | - | -25.64% | 19.15% | 16.21% | 15.97% | 24.4% | 26.91% | 31.07% |
| EPS 2 | - | -0.1800 | 0.2000 | 0.1700 | 0.3100 | 0.7935 | 0.9773 | 1.271 |
| Free Cash Flow 1 | - | -25 | -12.3 | -71.4 | -145.7 | 8.5 | 146 | 228.5 |
| FCF margin | - | -15.6% | -4.53% | -25.72% | -28.72% | 1.01% | 15.59% | 21.63% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 1.67% | 24.34% | 31.79% |
| FCF Conversion (Net income) | - | - | - | - | - | 4.13% | 57.92% | 69.61% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/27/20 | 2/19/21 | 2/24/22 | 2/28/23 | 2/28/24 | - | - | - |
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 | 208.2 | 166 | 239 | 272 |
| EBITDA 1 | - | 58.7 | 65.5 | 5.5 | 61.5 | 21.8 | 18.5 | 39.3 | 49.7 | 133.4 | 109.7 | 89 | 141 | 146 |
| EBIT 1 | - | 51.9 | 46.2 | -3.4 | 45.4 | 5.9 | 3.5 | 21.5 | 26 | 90.1 | 87.4 | 54 | 91 | 89 |
| Operating Margin | - | 50.1% | 41.66% | -27.64% | 47.59% | 10% | 4.64% | 22.78% | 29.55% | 36.1% | 41.98% | 32.53% | 38.08% | 32.72% |
| Earnings before Tax (EBT) 1 | - | 48.5 | 45.9 | -5.5 | 43.3 | 0.1 | 0.3 | 15.8 | 17.5 | 89 | 76.6 | 44 | 80 | 81 |
| Net income 1 | -10.3 | 38.8 | 35.7 | -16.5 | 33.8 | -8 | -5 | 5.3 | 0.5 | 80.2 | 47.4 | 25 | 53 | 44 |
| Net margin | - | 37.45% | 32.19% | -134.15% | 35.43% | -13.56% | -6.63% | 5.61% | 0.57% | 32.13% | 23.81% | 15.06% | 22.18% | 16.18% |
| EPS 2 | - | 0.1500 | 0.1400 | -0.0700 | 0.1300 | -0.0300 | - | 0.0200 | - | 0.3100 | 0.1940 | 0.1000 | 0.2100 | 0.1700 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/23/21 | 2/24/22 | 5/27/22 | 8/25/22 | 11/17/22 | 2/28/23 | 5/24/23 | 8/23/23 | 11/16/23 | 2/28/24 | 5/24/24 | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 98.4 | 183 | - | - |
| Net Cash position 1 | - | 121 | 151 | 45.9 | - | - | 160 | 443 |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.4083 x | 0.3596 x | - | - |
| Free Cash Flow 1 | - | -25 | -12.3 | -71.4 | -146 | 8.5 | 146 | 229 |
| ROE (net income / shareholders' equity) | - | -6.62% | 10.3% | 7.6% | 12.3% | 25.7% | 24.6% | 24.3% |
| ROA (Net income/ Total Assets) | - | -3.56% | 6.04% | 4.16% | 5.48% | 12.7% | 11.7% | 16% |
| Assets 1 | - | 1,155 | 860.3 | 1,081 | 1,478 | 1,619 | 2,154 | 2,052 |
| Book Value Per Share 2 | - | 1.940 | 2.220 | 2.050 | 2.330 | 3.640 | 4.460 | 6.250 |
| Cash Flow per Share | - | 0.2200 | - | - | - | - | - | - |
| Capex 1 | - | 74.5 | 121 | 240 | 335 | 299 | 310 | 316 |
| Capex / Sales | - | 46.48% | 44.64% | 86.42% | 66.04% | 35.48% | 33.11% | 29.87% |
| Announcement Date | 2/27/20 | 2/19/21 | 2/24/22 | 2/28/23 | 2/28/24 | - | - | - |
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
3.063
USD
Average target price
3.353
USD
Spread / Average Target
+9.47%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +22.59% | 790M | |
| +4.99% | 293B | |
| -1.54% | 139B | |
| +61.15% | 130B | |
| +18.20% | 82.76B | |
| +0.63% | 72.33B | |
| +2.50% | 55.16B | |
| +3.41% | 46.69B | |
| +24.90% | 35.27B | |
| -11.56% | 34.94B |
- Stock Market
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- BWE Stock
- Financials BW Energy Limited
