Company Valuation: Aega ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 229.7 100.3 60.65 52.25 8.327 34.66
Change - -56.32% -39.54% -13.85% -84.06% 316.25%
Enterprise Value (EV) 1 230 104.6 72.49 63.19 8.356 18.07
Change - -54.52% -30.71% -12.83% -86.77% 116.2%
P/E -1,231x -311x -30x -29.7x -4.98x -2.91x
PBR 30x 9.77x 7x 8.23x 543x 1.2x
PEG - -9.4x -0x 2.3x 0.5x 0x
Capitalization / Revenue 344x 54.5x 23x 15.4x - 30.9x
EV / Revenue 345x 56.8x 27.5x 18.7x - 16.1x
EV / EBITDA -1,312x 2,059x 311x 153x 26.9x -
EV / EBIT -409x -205x -159x -2,716x -9.2x -1.98x
EV / FCF -2,597x -181x 169x 47.1x 7.39x -2.97x
FCF Yield -0.04% -0.55% 0.59% 2.12% 13.5% -33.7%
Dividend per Share 3 - - - - - -
Rate of return - - - - - -
EPS 3 -2.039 -2.712 -15.75 -13.71 -12.3 -0.605
Distribution rate - - - - - -
Net sales 1 0.667 1.841 2.64 3.384 - 1.122
EBITDA 1 -0.1753 0.0508 0.2334 0.4143 0.3111 -
EBIT 1 -0.5629 -0.51 -0.4561 -0.0233 -0.9087 -9.145
Net income 1 -0.1866 -0.2964 -1.975 -1.864 -1.672 -11.92
Net Debt 1 0.3656 4.3 11.84 10.94 0.0292 -16.6
Reference price 3 2,509.499 844.200 472.500 407.050 61.250 1.760
Nbr of stocks (in thousands) 91.5 119 128 128 136 19,694
Announcement Date 4/30/21 4/29/22 4/28/23 4/30/24 4/30/25 4/30/26
1NOK in Million2EUR in Million3NOK
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.01x4.02x7.82x-.--% 22.68B
18.66x4.66x16.07x2.4% 15.42B
24.31x2.87x13.54x-.--% 13.63B
-49.97x0.97x11.68x0.04% 14.53B
18.7x2.75x11.59x - 8.08B
-9.64x1.29x11.37x-.--% 7.61B
-44.67x0.83x6.44x-.--% 6.6B
-31.57x8.46x21.36x-.--% 5.73B
17.3x1.03x7.57x1.39% 5.59B
Average -4.98x 2.99x 11.94x 0.48% 11.1B
Weighted average by Cap. -1.36x 3.08x 11.68x 0.49%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA