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Western Bulk Chartering AS

Western Bulk Chartering AS

WEST · OL · Industrials / Marine Shipping

24.00NOK+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close24.00
Open23.80
Day Range23.80 – 24.50
52-Week Range13.71 – 24.70
Volume3.16K
Market Cap719.97M
P/E (TTM)110.00
Forward P/E0.00
EPS0.20
Dividend Yield5.40%
Beta0.90
50-Day Avg21.81
200-Day Avg20.28

About

Western Bulk Chartering AS, together with its subsidiaries, operates as a dry bulk shipping company. The company engages in owning, chartering and operating ships, dry bulk vessels for the transportation of products, such as minerals, timber, cement, bauxite, steel products, grains, coal, and other products; and operation of chartered-in fleet varies between 100 and 150 vessels, including time charter trip vessels and period vessels. It also facilitates and participates in financial transactions and any other activities, including participation in companies engaged in similar activities; and trading in securities, including purchase and sale of shares, derivatives, options, currencies and other suitable instruments. The company operates in Norway, Far East, Europe, India, North America, South America, Africa, and the Middle East. Western Bulk Chartering AS was incorporated in 1982 and is headquartered in Oslo, Norway.

Company Details

  • SectorIndustrials
  • IndustryMarine Shipping
  • CEOMr. Torbjoern Gjervik
  • Employees93
  • HeadquartersHenrik Ibsensgt. 100, Oslo, Norway, 0230, Norway
  • Websitehttps://www.westernbulk.com

Leadership

  • Mr. Torbjoern GjervikGroup Chief Executive Officer
  • Mr. Kenneth ThuChief Financial Officer
  • Mr. Amit JakhmolaHead of the Indian Ocean desk
  • Mr. Joachim FrantsenHead of the North Atlantic desk

Financials

Income Statement

Currency: USD2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue631.93M827.28M1.07B1.06B778.69M1.49B1.62B1.12B1.27B983.83M
Growth (%)-+30.91%+29.37%-0.70%-26.73%+91.07%+8.59%-30.83%+13.60%-22.51%
Cost of Revenue317.20M326.97M1.06B1.08B767.48M1.42B1.54B1.12B1.24B419.34M
Gross Profit314.74M500.31M13.61M-20.60M11.21M69.58M74.37M-1.62M25.65M564.50M
Gross Margin49.81%60.48%1.27%-1.94%1.44%4.68%4.60%-0.15%2.02%57.38%
Operating Expense346.53M490.79M5.15M11.55M7.68M6.80M9.81M10.57M28.00M564.53M
Operating Income-31.80M9.52M8.46M-32.16M3.52M62.78M64.56M-12.20M-2.35M-34.00K
Operating Margin-5.03%1.15%0.79%-3.03%0.45%4.22%4.00%-1.09%-0.19%-0.00%
EBITDA--8.30M-31.35M4.48M62.96M64.62M-13.70M-680.00K6.30M
EBITDA Margin--0.78%-2.95%0.57%4.23%4.00%-1.23%-0.05%0.64%
Net Income-36.98M4.29M4.20M-37.97M3.20M81.03M65.98M-15.62M-2.75M5.38M
Net Income Margin-5.85%0.52%0.39%-3.57%0.41%5.45%4.08%-1.40%-0.22%0.55%
Interest Expense002.64M3.81M833.00K438.00K338.00K243.00K962.00K935.00K
Interest Expense % of Total Revenue0.00%0.00%0.25%0.36%0.11%0.03%0.02%0.02%0.08%0.10%

Balance Sheet

Currency: USD2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets98.62M101.42M116.42M118.05M79.34M196.63M162.61M119.84M117.59M108.57M
Total Liabilities84.87M81.23M92.32M102.06M59.54M145.50M94.51M67.35M67.85M57.76M
Total Equity13.75M20.19M24.10M15.98M19.81M51.13M68.10M52.48M49.74M50.81M
Cash--31.15M37.73M30.30M122.11M68.82M40.42M34.16M35.17M
Total Debt--31.19M20.76M23.95M3.38M3.00K---
Net Debt--40.00K-16.97M-6.34M-118.73M-68.81M-40.42M-34.16M-

Cash Flow

Currency: USD2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-40.75M6.84M-25.93M-11.49M-11.00M97.63M54.95M-18.30M-6.00M3.82M
Investing Cash Flow-322.00K-561.00K-113.00K-559.00K-248.00K-531.00K912.00K-93.00K-263.00K-2.81M
Financing Cash Flow21.36M17.94M18.63M18.63M3.82M-5.28M-109.16M-10.00M00
Capital Expenditure173.00K212.00K428.00K143.00K253.00K54.00K179.00K151.00K263.00K74.00K
Free Cash Flow---26.36M-11.64M-11.26M97.57M54.77M-18.45M-6.26M3.75M
Dividends Paid---105.78M105.78M105.78M105.78M10.00M00
FCF to OCF--101.65%101.24%102.30%99.94%99.67%100.83%104.39%98.06%
Dividend Paid to FCF----908.91%-939.76%108.41%193.13%-54.19%0.00%0.00%

Key Statistics & Ratios

Market Cap719.97M
Enterprise Value422.29M
Trailing P/E110.00
Forward P/E0.00
Price / Sales0.65
Price / Book1.90
EPS0.20
Book Value14.64
Revenue (TTM)1.10B
Gross Profit (TTM)20.47M
EBITDA-3.42M
Profit Margin0.08%
Operating Margin-1.38%
Return on Equity1.95%
Return on Assets-1.83%
Shares Outstanding32.73M
Shares Float6.72M
Beta0.90
Dividend Yield5.40%
Dividend Rate1.21
Payout Ratio572.68%

Dividends

20261×
1.21Feb 16, 2026
20231×
3.00Feb 14, 2023
20224×
3.00Oct 24, 20223.85Aug 17, 20224.24Apr 27, 202217.23Mar 21, 2022