Projected Income Statement: Appear ASA

Forecast Balance Sheet: Appear ASA

Fiscal Period: December 2025 2026 2027 2028
Net Debt 1 -446 -558 -673 -818
Change - -25.22% -20.61% -21.55%
Announcement Date 2/12/26 - - -
1NOK in Million
Estimates

Cash Flow Forecast: Appear ASA

Fiscal Period: December 2025 2026 2027 2028
CAPEX 1 23.86 90.5 115.5 166
Change - 279.3% 27.62% 43.72%
Free Cash Flow (FCF) 1 139.4 81 113 142
Change - -41.89% 39.51% 25.66%
Announcement Date 2/12/26 - - -
1NOK in Million
Estimates

Forecast Financial Ratios: Appear ASA

Fiscal Period: December 2025 2026 2027 2028

Profitability

    
EBITDA Margin (%) 23.61% 24.24% 25.05% 27.74%
EBIT Margin (%) 21.31% 20.75% 21.05% 23.34%
EBT Margin (%) 21.16% 20.4% 20.88% 23.21%
Net margin (%) 16.13% 15.81% 16.3% 18.11%
FCF margin (%) 17.4% 8.08% 9.33% 9.59%
FCF / Net Income (%) 107.92% 51.1% 57.22% 52.99%

Profitability

    
ROA - - - -
ROE 30.13% 23.65% 23.25% 24.8%

Financial Health

    
Leverage (Debt/EBITDA) - - - -
Debt / Free cash flow - - - -

Capital Intensity

    
CAPEX / Current Assets (%) 2.98% 9.03% 9.53% 11.22%
CAPEX / EBITDA (%) 12.62% 37.24% 38.06% 40.44%
CAPEX / FCF (%) 17.12% 111.73% 102.21% 116.9%

Items per share

    
Cash flow per share 1 - - - -
Change - - - -
Dividend per Share 1 - - - -
Change - - - -
Book Value Per Share 1 15.62 18.72 23.6 30.33
Change - 19.88% 26.03% 28.52%
EPS 1 3.4 3.97 4.92 6.69
Change - 16.76% 23.93% 35.98%
Nbr of stocks (in thousands) 40,793 40,596 40,596 40,596
Announcement Date 2/12/26 - - -
1NOK
Estimates
2026 *2027 *
P/E 10.5x 8.46x
PBR 2.22x 1.76x
EV / Sales 1.13x 0.84x
Yield - -

EPS & Dividend

Y-o-Y evolution of P/E

Trader
Investor
-
Global
-
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
41.60NOK
Average target price
95.00NOK
Spread / Average Target
+128.37%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. APR Stock
  4. Financials Appear ASA