UM Bulk AS
Score · fiscal year 2025
34of 100
How to read this: the company is ahead of 15 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 354 of 417 · What are Morning company classes?
Place in the whole sector: 823 of 1,006 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 9 and solidity 62 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
UM Bulk AS is 15 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 49 among 417 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin −1.1% (median 22.4%) and equity ratio 49.9% (median 42.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 121 MNOK | 125 MNOK |
| Operating margin | −1.1% | 22.4% |
| Profit margin | −15.8% | 13.3% |
| Return on assets | 0.0% | 9.5% |
| Equity ratio | 49.9% | 42.6% |
| Debt-to-equity | 1.00 | 1.31 |
| Current ratio | 1.65 | 1.51 |
| Revenue growth | −7.8% | 1.7% |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 34, UM Bulk AS does better than 15% of companies in the Morning class Medium in the same sector (417 companies) in 2025.
Score 2023–2025
- UM Bulk AS
- Median: companies in the Morning class Medium in the same sector
UM Bulk AS has a score of 34 for 2025, rank 823 of 1,006 in the sector.
Strongest: Solidity: percentile 62 against peers, equity ratio 49.9% against a median of 42.6%.
Weakest: Profitability: percentile 9 against peers, operating margin −1.1% against a median of 22.4%. Consistency: percentile 24 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −15.8% (median 13.3%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −1.1% (median 22.4%).
- What lies behind weak profitability, and will it last?
- What lies behind weak consistency, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
UM Bulk AS had an operating margin of −1.1% and an equity ratio of 49.9% in 2025, and ranks 823 of 1,006 in Sjøfart.
From 2024 to 2025: the operating margin fell from 12.7% to −1.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 28 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 28 MUSD |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −15.8% (median 13.3%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −1.1% (median 22.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.7% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Reports in a currency other than NOK
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 9 | weight 30% |
|---|---|---|
| Solidity | 62 | weight 25% |
| Liquidity | 54 | weight 15% |
| Growth | 26 | weight 15% |
| Consistency | 24 | weight 15% |
Durability: 42 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is UM Bulk AS?
The operating margin was −1.1% in 2025, against a median of 22.4% among companies in the Morning class Medium in the same sector. Return on assets was 0.0%. The company made a loss before tax.
How solid is UM Bulk AS?
The equity ratio was 49.9% in 2025 (median 42.6%). Debt-to-equity was 1.00 (median 1.31).
What is the liquidity of UM Bulk AS like?
The current ratio was 1.65 in 2025 (median 1.51).
How does UM Bulk AS compare in Sjøfart?
UM Bulk AS ranks 823 of 1,006 in Sjøfart for 2025. Among companies in the Morning class Medium it is number 354 of 417. Revenue changed by −7.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 999292607
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 18 December 2012 13 years in operation
- Share capital
- 169.50 MNOK
- Business address
- J. M. Uglands vei 20, 4878 GRIMSTAD
- Municipality
- Grimstad rank 7–18 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Øystein Beisland
- Chair of the board
- Knut Nikolai Tønnevold Ugland
- Board member
- Naoki Arima
- Deputy member
- Øystein Beisland
- Deputy member
- Keiichi Tetsuya
- Auditor
- Cedra Norge AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 55 | 37 | 34 | |
| Rank | 359 | 712 | 823 | |
| Operating margin | 35.5% | 12.7% | −1.1% | |
| Return on assets | 11.1% | 3.1% | 0.0% | |
| Equity ratio | 44.4% | 47.0% | 49.9% | |
| Current ratio | 4.97 | 3.57 | 1.65 | |
| Revenue growth | – | −39.6% | −7.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2025–31 December 2025: 10.3912 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 20.9 MUSD | 12.6 MUSD | 11.7 MUSD |
| Operating profit | 7.4 MUSD | 1.6 MUSD | −0.1 MUSD |
| Profit before tax | 3.9 MUSD | −0.6 MUSD | −1.8 MUSD |
| Net profit | 3.9 MUSD | −0.6 MUSD | −1.8 MUSD |
| Financial expenses | 3.6 MUSD | 2.5 MUSD | 1.9 MUSD |
| Total assets | 67.8 MUSD | 62.7 MUSD | 55.4 MUSD |
| Current assets | 9.2 MUSD | 6.7 MUSD | 2.0 MUSD |
| Equity | 30.1 MUSD | 29.5 MUSD | 27.6 MUSD |
| Retained earnings | −16.1 MUSD | −16.7 MUSD | −18.6 MUSD |
| Total liabilities | 37.7 MUSD | 33.2 MUSD | 27.7 MUSD |
| Current liabilities | 1.9 MUSD | 1.9 MUSD | 1.2 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6994336.
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