Western Bulk Chartering AS, (WEST) Fair Value & Analysis
Industrials · NO · Market cap 696M NOK
Fair value as of: Jun 24, 2026
From 18 valuation models · updated 5 days ago
Share price +6.3% over the past month.
Price vs Fair Value (12 months)
12‑month range kr 11.14 – kr 21.40 · fair‑value band kr 1.96 – kr 2.68 · the kr 21.40 price screens above the kr 2.24 fair value. As of Jun 24, 2026.
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Western Bulk Chartering AS, (WEST) currently trades at kr 21.40, while our model-based Fair Value estimate is kr 2.24 — implying the stock looks roughly 89.5% overvalued today. We read business quality at 95/100 (high quality), in the Industrials 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: high).
Over the trailing twelve months, Western Bulk Chartering AS, generated revenue of 1.0B NOK at a net margin of 0.5%. Revenue declined 13.3% year over year. It earns a return on equity of 10.7%. The balance sheet holds a net cash position of 34.2M NOK. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
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.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Western Bulk Chartering AS, reported revenue of kr 984M in FY2025 versus kr 1.5B in FY2021, a compound −9.8%/yr. Reported net income was kr 5.4M in FY2025, compounding −49.2%/yr from FY2021.
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Similar stocks
6 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adani Ports and Special Economic Zone Limited ADANIPORTS | ₹1,821 | ₹1,051 | -42% |
| A.P. Møller - Mærsk A/S, AMKBY | $12.06 | $17.41 | +44% |
| COSCO SHIPPING Holdings 601919 | ¥14.15 | ¥51.63 | +265% |
| International Container Terminal Services, Inc ICTEF | $14.89 | $10.63 | -29% |
| Hapag-Lloyd Aktiengesellschaft, HLAGF | $133.97 | $94.83 | -29% |
| Shanghai International Port (Group) Co 600018 | ¥5.04 | ¥3.75 | -26% |
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Frequently asked questions
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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.