Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
BONHR.OL
STRONG BUYAPPROVEBonheur ASA · Industrials · Norway · $986M · Avg Vol: $501K/d
Bonheur is a Norwegian holding company controlling renewable energy generation, offshore wind installation vessels and cruise operations, trading at a discount to underlying value with a reasonable quality score (Q67) and a cheap value score. Nothing adverse is known on accounting, solvency or governance.
COMPANY DESCRIPTION
Bonheur ASA is a Norwegian holding company with diversified investments across renewable energy, wind service vessels, cruise tourism, and media. The company's primary value drivers are its ownership in Fred. Olsen Renewables and Fred. Olsen Windcarrier, which positions it as a key player in the offshore wind logistics and generation sectors. Its competitive advantage lies in its long-standing maritime heritage, capital allocation expertise, and early-mover advantage in the offshore wind value chain.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.2B | 1.4B | 1.3B | 3.0% | 1.2B | 1.3B | 1.3B | 0.8% |
| EPS | 0.94 | 2.46 | 2.70 | 3.37 | 53.1% | 2.33 | 2.46 | 2.82 | -8.5% |
| Shares | 42.5M | 42.5M | 42.5M | 42.5M | 0.0% | 42.5M | — | — | — |
| Debt | 1.0B | 1.0B | 1.0B | 869.4M | -5.4% | 786.4M | — | — | — |
| Equity | 576.5M | 673.1M | 783.4M | 892.3M | 15.7% | — | — | — | — |
| Op CF | 255.0M | 243.7M | 352.5M | 195.8M | -8.4% | 235.8M | — | — | — |
| Inv CF | -136.7M | -88.5M | -121.0M | -134.5M | — | — | — | — | — |
| Fin CF | 20.8M | -169.8M | -137.7M | -78.0M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of BONHR.OL are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| BONHR.OL | Bonheur ASA(you) | $986M | 84 | STRONG BUY |
| AFK.OL | Arendals Fossekompani ASA | $987M | 61 | HOLD |
| AKER.OL | Aker ASA | $8.4B | 84 | STRONG BUY |
| ODF.OL | Odfjell SE | $862M | 92 | STRONG BUY |
| MPCC.OL | MPC Container Ships ASA | $1.2B | 98 | STRONG BUY |
| SOMA.OL | Solstad Maritime ASA | $1.2B | 98 | STRONG BUY |
| KCC.OL | Klaveness Combination Carriers ASA | $546M | 91 | STRONG BUY |
| ZAP.OL | Zaptec ASA | $398M | 82 | STRONG BUY |
| SNTIA.OL | SENTIA ASA | $802M | 99 | STRONG BUY |
| ENDUR.OL | Endúr ASA | $562M | 75 | BUY |
Peer medians: ROE 16.2% · P/E 17.9x · Gross margin 38.5%