Projected Income Statement: Appear ASA

Forecast Balance Sheet: Appear ASA

Fiscal Period: December 2025 2026 2027 2028
Net Debt 1 -446 -533 -639 -772
Change - -19.61% -19.89% -20.81%
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 88 113 164.5
Change - 268.82% 28.41% 45.58%
Free Cash Flow (FCF) 1 139.4 78 106 117
Change - -44.04% 35.9% 10.38%
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% 24.08% 24.67% 27.41%
EBIT Margin (%) 21.31% 20.1% 20.6% 22.94%
EBT Margin (%) 21.16% 19.7% 20.43% 22.8%
Net margin (%) 16.13% 15.26% 15.93% 17.78%
FCF margin (%) 17.4% 8.99% 9.08% 8.16%
FCF / Net Income (%) 107.92% 58.87% 56.99% 45.88%

Profitability

    
ROA - - - -
ROE 30.13% 20.1% 22.75% 24.5%

Financial Health

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

Capital Intensity

    
CAPEX / Current Assets (%) 2.98% 10.14% 9.68% 11.47%
CAPEX / EBITDA (%) 12.62% 42.11% 39.24% 41.86%
CAPEX / FCF (%) 17.12% 112.82% 106.6% 140.6%

Items per share

    
Cash flow per share 1 - - - -
Change - - - -
Dividend per Share 1 - - - -
Change - - - -
Book Value Per Share 1 15.62 18.09 22.69 29.11
Change - 15.82% 25.43% 28.29%
EPS 1 3.4 3.34 4.64 6.375
Change - -1.76% 38.92% 37.39%
Nbr of stocks (in thousands) 40,793 40,596 40,596 40,596
Announcement Date 2/12/26 - - -
1NOK
Estimates
2026 *2027 *
P/E 13.7x 9.85x
PBR 2.53x 2.01x
EV / Sales 1.52x 1.04x
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
45.70NOK
Average target price
80.00NOK
Spread / Average Target
+75.05%

Quarterly revenue - Rate of surprise

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