Valuation Appear ASA

Stocks

Market Closed - Oslo Bors 10:45:00 2026-10-22 EDT			5-day change	1st Jan Change
30.80 ^NOK	-6.38%		-7.78%	-63.03%

10-19	DNB Carnegie cuts price target for Appear to 51 Norwegian kroner (90), reiterates buy	FW
10-16	Appear ASA Names Interim CFO	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2025	2026	2027	2028
Market Cap ¹	3,399	1,336	-	-
Change	-	-60.7%	-	-
Enterprise Value (EV) ¹	2,953	878.6	807.1	707.1
Change	-	-70.25%	-8.14%	-12.39%
P/E	24.5x	12.9x	9.51x	6.7x
PBR	5.33x	1.91x	1.59x	1.28x
PEG	-	-0.5x	0.3x	0.2x
Capitalization / Revenue	4.24x	1.62x	1.35x	1.12x
EV / Revenue	3.69x	1.07x	0.81x	0.59x
EV / EBITDA	15.6x	5.11x	3.41x	2.16x
EV / EBIT	17.3x	6.78x	4.5x	2.78x
EV / FCF	21.2x	879x	13x	10.1x
FCF Yield	4.72%	0.11%	7.68%	9.9%
Dividend per Share ²	-	-	-	-
Rate of return	-	-	-	-
EPS ²	3.4	2.545	3.46	4.91
Distribution rate	-	-	-	-
Net sales ¹	800.9	822	991	1,197
EBITDA ¹	189.1	172	237	327
EBIT ¹	170.7	129.5	179.5	254
Net income ¹	129.2	100	138.5	197
Net Debt ¹	-445.6	-457	-528.5	-628.5
Reference price ²	83.32	32.90	32.90	32.90
Nbr of stocks (in thousands)	40,793	40,596	-	-
Announcement Date	2/12/26	-	-	-

¹NOK in Million²NOK

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
APPEAR ASA	12.93x	1.07x	5.11x	-	142M
CISCO SYSTEMS, INC.	26.13x	5.86x	15.17x	1.59%	423B
ARISTA NETWORKS, INC.	48.32x	17.12x	34.31x	-.--%	232B
FOXCONN INDUSTRIAL INTERNET CO., LTD.	16.37x	0.66x	11.9x	2.76%	148B
ZHONGJI INNOLIGHT CO., LTD.	20.92x	6.53x	15.77x	0.59%	113B
MOTOROLA SOLUTIONS, INC.	33.83x	6.58x	19.06x	1.03%	77.37B
LUMENTUM HOLDINGS INC.	39.37x	11.8x	26.39x	-.--%	77.06B
GARMIN LTD.	28.8x	6.58x	21.71x	1.42%	56.15B
NOKIA OYJ	39.38x	2.07x	13.16x	1.84%	51.72B
CIENA CORPORATION	62.3x	8.06x	35.65x	-.--%	51.24B
Average	32.83x	6.63x	19.82x	1.03%	123.02B
Weighted average by Cap.	32.17x	7.80x	20.46x	1.14%