Company Valuation: Aker ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 61,287 53,449 49,477 40,789 56,726 102,519 - -
Change - -12.79% -7.43% -17.56% 39.07% 80.73% - -
Enterprise Value (EV) 1 62,878 53,449 49,477 66,136 96,534 114,614 114,614 114,614
Change - -15% -7.43% 33.67% 45.96% 18.73% 0% 0%
P/E 14.3x -28.1x -47.9x - - 3.02x 17.2x 17.2x
PBR - - - - 1.22x 0.5x 0.5x 0.5x
PEG - 0x 1.1x - - - -0.2x -
Capitalization / Revenue 15,050,843x - - - - - - -
EV / Revenue - - - - - - - -
EV / EBITDA - - - - - - - -
EV / EBIT - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 23.5 - 30 26.5 53 57.99 59.14 60.34
Rate of return 2.85% - 4.5% 4.83% 6.9% 4.2% 4.29% 4.37%
EPS 2 57.55 -25.57 -13.92 - - 456.2 80.07 80.07
Distribution rate 40.8% - -216% - - 12.7% 73.9% 75.4%
Net sales 4,072 - - - - - - -
EBITDA 3,703 -370 -404 - -501 - - -
EBIT 3,672 -402 -437 - -526 - - -
Net income 12,433 -1,900 -1,034 - 3,930 - - -
Net Debt 1 1,591 - - 25,347 39,808 12,095 12,095 12,095
Reference price 2 825.00 719.50 666.00 549.00 768.00 1,380.00 1,380.00 1,380.00
Nbr of stocks (in thousands) 74,287 74,287 74,290 74,296 73,862 74,289 - -
Announcement Date 3/30/22 3/29/23 3/22/24 4/4/25 2/13/26 - - -
1NOK in Million2NOK
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.83x2.31x5.12x2.71% 151B
11.88x3.16x6.15x3.72% 97.16B
8.27x2.49x4.36x2.96% 73.26B
18.41x4.15x11.03x5.31% 70.17B
9.53x1.42x4.62x1.98% 57.15B
6.81x2.35x3.71x1.86% 54.92B
8.88x2.44x4.84x2.38% 53.59B
11.12x3.31x4.73x2.37% 51.51B
11.91x3.21x4.86x6.31% 41.74B
Average 10.96x 2.76x 5.49x 3.29% 72.24B
Weighted average by Cap. 11.23x 2.73x 5.59x 3.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield