Projected Income Statement: Appear ASA

Forecast Balance Sheet: Appear ASA

Fiscal Period: December 2025 2026 2027 2028
Net Debt 1 -446 -469 -598 -726
Change - -5.24% -27.51% -21.4%
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% 24.14% 23.92% 27.14%
EBIT Margin (%) 21.31% 13.97% 18.89% 21.88%
EBT Margin (%) 21.16% 13.97% 18.71% 21.73%
Net margin (%) 16.13% 10.66% 14.61% 16.97%
FCF margin (%) 17.4% 9.56% 9.44% 8.5%
FCF / Net Income (%) 107.92% 89.66% 64.63% 50.11%

Profitability

    
ROA - - - -
ROE 30.13% 13.8% 20.5% 23.25%

Financial Health

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

Capital Intensity

    
CAPEX / Current Assets (%) 2.98% 10.78% 10.07% 11.95%
CAPEX / EBITDA (%) 12.62% 44.67% 42.09% 44.04%
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 16.48 21.85 27.74
Change - 5.51% 32.58% 26.98%
EPS 1 3.4 2.12 4.11 5.85
Change - -37.65% 93.87% 42.34%
Nbr of stocks (in thousands) 40,793 40,596 40,596 40,596
Announcement Date 2/12/26 - - -
1NOK
Estimates
2026 *2027 *
P/E 15.8x 8.18x
PBR 2.04x 1.54x
EV / Sales 1.1x 0.68x
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
33.60NOK
Average target price
80.00NOK
Spread / Average Target
+138.10%

Quarterly revenue - Rate of surprise

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