Company Valuation: Atea ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 18,290 12,608 14,351 15,813 17,584 18,141 - -
Change - -31.06% 13.82% 10.19% 11.2% 3.17% - -
Enterprise Value (EV) 1 18,459 13,689 15,312 17,195 18,559 17,827 17,608 17,336
Change - -25.84% 11.86% 12.3% 7.93% -3.94% -1.23% -1.54%
P/E 24.5x 15.1x 18.1x 20.6x 20.4x 14.8x 14.3x 13.2x
PBR 5.18x 3.38x 3.46x 3.59x 3.94x 3.94x 3.75x 3.55x
PEG - 1.2x -3.19x -5.45x 1.6x 0.3x 3.95x 1.6x
Capitalization / Revenue 0.44x 0.39x 0.41x 0.46x 0.47x 0.45x 0.42x 0.39x
EV / Revenue 0.45x 0.42x 0.44x 0.5x 0.5x 0.44x 0.41x 0.38x
EV / EBITDA 11.1x 7.56x 7.93x 9.01x 8.61x 7.34x 6.63x 6.11x
EV / EBIT 17.6x 11.4x 12.3x 14.2x 13.4x 11.2x 9.68x 8.91x
EV / FCF 22.4x 19.3x 9.83x 10.7x 23.6x 9.3x 9.84x 9.21x
FCF Yield 4.46% 5.18% 10.2% 9.34% 4.24% 10.8% 10.2% 10.9%
Dividend per Share 2 5.5 6.25 7 7 7.5 8.245 9.78 10.21
Rate of return 3.35% 5.48% 5.42% 4.95% 4.75% 5.06% 6% 6.26%
EPS 2 6.7 7.57 7.14 6.87 7.73 11.03 11.43 12.37
Distribution rate 82.1% 82.6% 98% 102% 97% 74.7% 85.6% 82.5%
Net sales 1 41,316 32,397 34,704 34,583 37,376 40,346 42,962 45,972
EBITDA 1 1,660 1,811 1,932 1,908 2,156 2,428 2,658 2,836
EBIT 1 1,046 1,196 1,244 1,211 1,385 1,596 1,818 1,946
Net income 1 763 851 800 775 878 1,303 1,312 1,415
Net Debt 1 169 1,081 961 1,382 975 -314.5 -533.5 -805
Reference price 2 164.00 114.00 129.20 141.40 157.80 163.00 163.00 163.00
Nbr of stocks (in thousands) 111,522 110,598 111,076 111,833 111,430 111,297 - -
Announcement Date 2/8/22 2/9/23 2/8/24 2/6/25 2/10/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.33x4.27x14.9x2.49% 255B
12.3x1.31x6.87x3.93% 102B
14.11x2.58x9.51x5.88% 84.15B
-83.47x13.15x76.29x-.--% 82.6B
19.02x5x12.35x2.99% 57.23B
14.85x2.18x9.14x5.22% 48.95B
12.99x1.49x10.19x1.24% 35.42B
15.79x2x9.45x5.47% 33.17B
20.64x1.4x9.95x0.85% 31.82B
Average 5.84x 3.71x 17.63x 3.12% 81.05B
Weighted average by Cap. 7.82x 4.22x 18.83x 3.03%

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

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