As of 2025-08-07, the Intrinsic Value of Belships ASA (BELCO.OL) is 25.46 NOK. This BELCO.OL valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 20.35 NOK, the upside of Belships ASA is 25.10%.
The range of the Intrinsic Value is 12.00 - 71.23 NOK
Based on its market price of 20.35 NOK and our intrinsic valuation, Belships ASA (BELCO.OL) is undervalued by 25.10%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 12.00 - 71.23 | 25.46 | 25.1% |
| DCF (Growth 10y) | 12.73 - 66.03 | 25.01 | 22.9% |
| DCF (EBITDA 5y) | 3.32 - 14.19 | 8.73 | -57.1% |
| DCF (EBITDA 10y) | 6.62 - 18.74 | 12.23 | -39.9% |
| Fair Value | 11.76 - 11.76 | 11.76 | -42.21% |
| P/E | 8.25 - 16.79 | 11.29 | -44.5% |
| EV/EBITDA | 1.49 - 16.70 | 6.95 | -65.8% |
| EPV | 64.43 - 110.61 | 87.52 | 330.1% |
| DDM - Stable | 14.38 - 63.43 | 38.91 | 91.2% |
| DDM - Multi | 13.79 - 39.16 | 19.60 | -3.7% |
| Market Cap (mil) | 5,151.40 |
| Beta | 0.07 |
| Outstanding shares (mil) | 253.14 |
| Enterprise Value (mil) | 9,502.03 |
| Market risk premium | 5.10% |
| Cost of Equity | 10.39% |
| Cost of Debt | 6.27% |
| WACC | 8.09% |