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Bergen Carbon Solutions AS (BCS) Fair Value & Analysis

Basic Materials · NO · Market cap 149M NOK

BC Bergen Carbon Solutions AS BCS · OL
Pricekr 4.68
Fair Valuekr 3.05
Upside-34.8%
Quality95/100
Evidence: Low Range kr 2.01 – kr 3.82

Fair value as of: Jun 25, 2026

From 1 valuation models · updated 4 days ago

Fair value updated Jun 25, 2026 — revised from kr 10.43 to kr 3.05 (−70.8%) since Jun 24, 2026. Share price +96.0% over the past month.

Price vs Fair Value (12 months)

kr 5.46 kr 2.11 Fair Value kr 3.05 Jun 2025 Jun 2026

12‑month range kr 2.11 – kr 5.46 · fair‑value band kr 2.01 – kr 3.82 · the kr 4.68 price screens above the kr 3.05 fair value. As of Jun 25, 2026.

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Analysis

Bergen Carbon Solutions AS (BCS) currently trades at kr 4.68, while our model-based Fair Value estimate is kr 3.05 — implying the stock looks roughly 34.8% overvalued today. We read business quality at 95/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Revenue declined 37.9% year over year. It earns a return on equity of -24.2%. Fundamentals as of Jun 25, 2026

Key figures & financial health

Revenue growth (YoY) -37.9%
Return on equity -24.2%
Free cash flow −30.0M NOK FY2025
EPS (TTM) kr -0.8900

Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.

About the company

Bergen Carbon Solutions AS operates as a clean carbon technology and materials company in Norway. It develops carbon capture and utilization technology that converts carbon dioxide into nano and macro carbon products, such as multi walled carbon nano tubes (MWCNT) and other carbon allotropes. Bergen Carbon Solutions AS was incorporated in 2016 and is headquartered in Bergen, Norway.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bergen Carbon Solutions AS reported revenue of kr 0 in FY2025 versus kr 206K in FY2021. Reported net income was −kr 40.7M in FY2025.

Revenue
FY21 kr 206K
FY22 kr 811K
FY23 kr 0
FY24 kr 0
FY25 kr 0
Net income
FY21 −kr 29.9M
FY22 −kr 54.0M
FY23 −kr 64.9M
FY24 −kr 64.1M
FY25 −kr 40.7M

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Frequently asked questions

Is Bergen Carbon Solutions AS (BCS) undervalued?
As of Jun 25, 2026, our model estimates a fair value of kr 3.05 versus a price of kr 4.68 — about −35% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BCS?
Our 21-model fair value for Bergen Carbon Solutions AS is kr 3.05 (as of Jun 25, 2026), built from audited fundamentals. The current price is kr 4.68.
What is the quality score of BCS?
Bergen Carbon Solutions AS has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of BCS?
The net profit margin of Bergen Carbon Solutions AS is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.