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Bonheur ASA

Bonheur ASA

BNHUF
Bonheur ASAUS flagOther OTC
21.51
USD
- -
- -
914.72MMarket Cap
Bonheur ASA
BNHUF
(Other OTC)

Recent

price

21.51

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
286.26
305.54
296.62
316.67
380.94
452.27
295.01
148.68
159.53
184.21
145.17
177.29
268.81
287.5
328.86
293.49
302.71
Revenue per Share
45.04
12.2
12.49
12.62
3.68
-39
-11.68
-20.32
-32.61
-9.14
-28.18
-2.51
9.34
24.4
26.82
33.45
28.4
Basic EPS, GAAP
-8.41
9.35
1.85
30.82
-121.56
7.5
103.97
42.78
-7.09
8.31
-58.03
15.46
35.03
34.6
49.43
0.06
-4.42
Free Cash Flow per Basic Share
19.8
29.84
26.32
29.89
29.92
3.67
2.03
2.04
4.76
25.12
4.3
7.52
4.3
5
10.81
12.13
11.45
Dividend per Share
233.7
205.14
196.52
218.52
244.37
280.56
222.25
196.81
145.53
133.82
97.56
108.1
131.63
149.48
169.28
193.05
195.36
Book Value per Share
355.72
379
365.69
387.59
416.56
443.48
290.79
240.57
147.05
110.17
83.91
78.79
137.03
157.17
186.87
237.37
205.8
Tangible Book Value per Share
32
32
32
32
32
32
42
43
43
43
43
43
43
43
43
43
43
Basic Weighted Avg Shares
9,259
9,883
9,594
10,243
12,322
14,629
12,369
6,323
6,785
7,835
6,174
7,541
11,433
12,228
13,987
12,483
12,875
Sales/Revenue/Turnover
25.33
24.94
21.58
19.39
12.57
17.3
13.75
10.89
6.66
6.54
-8.19
3.13
24.19
19.6
17.16
19.72
17.51
Operating Margin (%)
1,981
2,102
1,855
2,456
3,019
8,605
5,366
912
1,046
1,205
1,050
932
1,088
1,070
1,137
1,279
1,237
Depreciation Expense
1,457
395
404
408
119
-1,262
-490
-864
-1,387
-389
-1,199
-107
397
1,038
1,141
1,423
1,208
Net Income, GAAP
11.08
17.84
6.84
6.46
47.24
- -
- -
29.6
145.88
- -
- -
52.65
30.8
22.47
21.28
14.73
18.03
Effective Tax Rate (%)
15.73
3.99
4.21
3.99
0.97
-8.62
-3.96
-13.67
-20.44
-4.96
-19.41
-1.41
3.48
8.49
8.15
11.4
9.38
Profit Margin (%)
4,248
4,229
1,618
436
1,841
6,602
6,807
5,913
3,656
3,448
2,622
2,204
4,316
3,431
3,248
4,037
3,866
Working Capital
11,153
10,917
10,651
10,251
17,602
17,581
13,956
12,201
6,639
7,935
9,179
8,780
8,788
7,717
7,463
6,493
7,319
LT Debt
11,689
12,460
11,988
12,953
14,534
15,445
13,115
11,151
7,353
5,893
4,625
4,424
6,956
7,908
9,201
11,251
9,874
Total Equity
8.39
8.1
7.71
7.37
2.75
- -
- -
1.79
-0.99
- -
- -
0.74
11.91
10.51
10.1
10.67
9.73
Return on Invested Capital (%)
11.31
-0.52
-0.6
0.05
0.37
- -
- -
1.06
-1.14
- -
- -
-2.95
-3.79
5.51
6.27
7.66
9.74
Return on Capital (%)
21.46
5.56
6.22
6.08
1.59
-14.86
-5.32
-9.77
-19.05
-6.55
-24.36
-2.44
7.79
17.36
16.83
18.46
15.66
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
2,514
2,414
2,483
LT Borrowings
6,908
- -
- -
LT Finance Leases
555
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
43
43
43
Market Capitalization
13,125
12,133
11,644

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
9,788
10,665
10,374
Cash, Cash Equivalents & STI
6,048
6,826
6,896
Accounts Receivable, Net
2,439
3,018
3,145
Inventories
376
317
333
Total Current Liabilities
6,540
6,775
6,508
Payables & Accruals
- -
- -
- -
ST Debt
2,514
2,414
2,483
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.03%
21.04%
22.27%
Free Cash Flow
44.92%
-11.64%
-99.88%
Net Income, GAAP
-15.6%
-73.62%
24.72%
Sales/Revenue/Turnover
2.16%
16.87%
-10.76%
Total Cash Common Dividend
62.84%
35.35%
12.16%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,972
4,281
3,602
3,132
13,987
2025
2,893
3,248
2,937
- -
12,483
2026
2,871
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.02
14.01
6.37
2.4
26.82
2025
-0.99
20.62
2.96
- -
33.45
2026
2.19
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.52
6.87
1.41
0.05
10.81
2025
3.24
6.75
0.26
- -
12.13
2026
- -
- -
- -
- -
- -
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Business
Bonheur ASA Bonheur ASA is a Norway-based holding company focused on long-term industrial investments in renewable energy, wind service, cruise operations, and other sectors; it owns and operates onshore wind farms through Fred. Olsen Renewables with a gross capacity of 805 MW across 12 sites in Scotland, Sweden, and Norway, including ongoing construction of Crystal Rig IV (49.1 MW) and Windy Standard III (88 MW), and develops offshore wind projects via Fred. Olsen Seawind such as the 1.3 GW Codling Wind Park joint venture with EDF Renewables in Ireland and the 1 GW Muir Mhòr floating wind project joint venture with Vattenfall in Scotland; the wind service segment, operated through Fred. Olsen Windcarrier and a 92% stake in Global Wind Service, provides transportation, installation, maintenance, and logistics for onshore and offshore wind turbines using three specialized jack-up vessels (Brave Tern, Bold Tern, Blue Tern) that have installed 20% of global offshore wind turbines outside China; the cruise segment encompasses Fred. Olsen Cruise Lines, which operates a fleet of three small-to-medium ocean cruise ships (Balmoral, Bolette, Borealis) offering award-winning itineraries worldwide from the UK with renowned customer service; other investments include a 55% stake in NHST Media Group providing publications and PR software services via DN Media Group and Mynewsdesk, real estate holdings, Fred. Olsen 1848 developing innovative renewable technologies like floating wind (Brunel) and solar (Brizo) solutions, and Fred. Olsen Investments managing opportunities in renewables. Founded with origins in 1848 and formally established in 1897, Bonheur ASA is headquartered in Oslo, Norway, and listed on the Oslo Stock Exchange since 1921, with operations spanning Europe, the United States, Asia, and Africa; the company maintains a strong balance sheet with net interest-bearing debt of NOK 2.9 billion as of Q2 2025. Recent developments include the divestiture of its 50% stake in United Wind Logistics to United Heavy Lift for a net profit of NOK 347 million in April 2025, achieving onshore consent for the Muir Mhòr project in Q2 2025, progressing Codling Wind Park consent application submitted in Q3 2024, awarding DNV basic design certification for floating wind technology and completing model tests for floating solar, selecting as preferred supplier for Skyborn Renewables' Gennaker project installation, and reporting Q2 2025 revenues of NOK 3.25 billion and EBITDA of NOK 1.05 billion driven by solid cruise yield improvements and wind service operations despite yard maintenance.

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