ATEA ASA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 153 NOK | +0.66% |
|
-2.80% | +18.42% |
| 04-25 | Atea ASA Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| 04-25 | Transcript : Atea ASA, Q1 2024 Earnings Call, Apr 25, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,107 | 13,257 | 18,290 | 12,608 | 14,351 | 17,056 | - | - |
| Enterprise Value (EV) 1 | 13,450 | 14,324 | 18,459 | 13,689 | 15,312 | 17,173 | 16,471 | 15,979 |
| P/E ratio | 26.9 x | 22.8 x | 24.5 x | 15.1 x | 18.1 x | 17 x | 14.9 x | 12 x |
| Yield | 5.05% | 5.36% | 3.35% | 5.48% | 5.42% | 4.79% | 5.31% | 5.88% |
| Capitalization / Revenue | 0.38 x | 0.34 x | 0.44 x | 0.39 x | 0.41 x | 0.46 x | 0.43 x | 0.43 x |
| EV / Revenue | 0.37 x | 0.36 x | 0.45 x | 0.42 x | 0.44 x | 0.47 x | 0.42 x | 0.4 x |
| EV / EBITDA | 10.1 x | 9.57 x | 11.1 x | 7.56 x | 7.93 x | 7.95 x | 6.95 x | 6.08 x |
| EV / FCF | 8.18 x | 13.4 x | 22.4 x | 19.3 x | 9.83 x | 9.88 x | 9.22 x | 7.98 x |
| FCF Yield | 12.2% | 7.45% | 4.46% | 5.18% | 10.2% | 10.1% | 10.8% | 12.5% |
| Price to Book | 4.59 x | 3.98 x | 5.18 x | 3.38 x | 3.46 x | 3.8 x | 3.53 x | 3.12 x |
| Nbr of stocks (in thousands) | 109,701 | 109,382 | 111,522 | 110,598 | 111,076 | 111,478 | - | - |
| Reference price 2 | 128.6 | 121.2 | 164.0 | 114.0 | 129.2 | 153.0 | 153.0 | 153.0 |
| Announcement Date | 2/6/20 | 2/9/21 | 2/8/22 | 2/9/23 | 2/8/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 36,655 | 39,503 | 41,316 | 32,397 | 34,704 | 36,897 | 39,663 | 39,552 |
| EBITDA 1 | 1,335 | 1,497 | 1,660 | 1,811 | 1,932 | 2,159 | 2,370 | 2,629 |
| EBIT 1 | 747 | 854 | 1,046 | 1,196 | 1,244 | 1,439 | 1,616 | 1,876 |
| Operating Margin | 2.04% | 2.16% | 2.53% | 3.69% | 3.58% | 3.9% | 4.07% | 4.74% |
| Earnings before Tax (EBT) 1 | 657 | 749.3 | 942 | 1,084 | 1,021 | 1,289 | 1,495 | 1,810 |
| Net income 1 | 530 | 590 | 763 | 851 | 800 | 1,006 | 1,150 | 1,440 |
| Net margin | 1.45% | 1.49% | 1.85% | 2.63% | 2.31% | 2.73% | 2.9% | 3.64% |
| EPS 2 | 4.780 | 5.320 | 6.700 | 7.570 | 7.140 | 8.996 | 10.28 | 12.80 |
| Free Cash Flow 1 | 1,644 | 1,067 | 824 | 709 | 1,558 | 1,738 | 1,786 | 2,003 |
| FCF margin | 4.49% | 2.7% | 1.99% | 2.19% | 4.49% | 4.71% | 4.5% | 5.06% |
| FCF Conversion (EBITDA) | 123.15% | 71.29% | 49.64% | 39.15% | 80.64% | 80.49% | 75.38% | 76.19% |
| FCF Conversion (Net income) | 310.19% | 180.85% | 107.99% | 83.31% | 194.75% | 172.84% | 155.41% | 139.1% |
| Dividend per Share 2 | 6.500 | 6.500 | 5.500 | 6.250 | 7.000 | 7.323 | 8.128 | 9.000 |
| Announcement Date | 2/6/20 | 2/9/21 | 2/8/22 | 2/9/23 | 2/8/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,863 | 10,085 | 12,180 | 8,082 | 9,820 | 8,692 | 8,870 | 7,743 | 9,399 | 7,606 | 9,642 | 8,738 | 11,494 |
| EBITDA 1 | 560 | 330 | 432.7 | 439 | 609 | 418 | 467 | 468 | 579 | 436 | 576 | 565 | 738 |
| EBIT 1 | 402.6 | 183 | 281 | 284 | 449 | 250 | 291.2 | 298 | 405 | 255.7 | 394 | 380.8 | 551.8 |
| Operating Margin | 3.39% | 1.81% | 2.31% | 3.51% | 4.57% | 2.88% | 3.28% | 3.85% | 4.31% | 3.36% | 4.09% | 4.36% | 4.8% |
| Earnings before Tax (EBT) 1 | 365.2 | 163 | 282.2 | 247 | 391.2 | 224 | 249.4 | 237 | 310.7 | 245.4 | 340.1 | 326.9 | 499.8 |
| Net income 1 | 307 | 131 | 222 | 196 | 303 | 175 | 194.1 | 182 | 250 | 192 | 264.2 | 254 | 388.4 |
| Net margin | 2.59% | 1.3% | 1.82% | 2.43% | 3.09% | 2.01% | 2.19% | 2.35% | 2.66% | 2.52% | 2.74% | 2.91% | 3.38% |
| EPS | 2.700 | 1.160 | 1.980 | 1.750 | 2.700 | 1.570 | 1.730 | 1.620 | 2.220 | 1.710 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/8/22 | 4/28/22 | 7/14/22 | 10/20/22 | 2/9/23 | 4/27/23 | 7/18/23 | 10/19/23 | 2/8/24 | 4/25/24 | - | - | - |
1NOK in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,067 | 169 | 1,081 | 961 | 117 | - | - |
| Net Cash position 1 | 657 | - | - | - | - | - | 585 | 1,077 |
| Leverage (Debt/EBITDA) | - | 0.7129 x | 0.1018 x | 0.5969 x | 0.4974 x | 0.0542 x | - | - |
| Free Cash Flow 1 | 1,644 | 1,067 | 824 | 709 | 1,558 | 1,738 | 1,787 | 2,003 |
| ROE (net income / shareholders' equity) | 16.8% | 18.3% | 22.1% | 23.4% | 20.2% | 23.1% | 24.6% | 27.3% |
| ROA (Net income/ Total Assets) | 3.56% | 3.74% | 4.68% | 5.02% | 4.38% | 5.4% | 5.57% | - |
| Assets 1 | 14,868 | 15,771 | 16,316 | 16,956 | 18,247 | 18,622 | 20,632 | - |
| Book Value Per Share 2 | 28.00 | 30.50 | 31.70 | 33.70 | 37.40 | 40.30 | 43.30 | 49.10 |
| Cash Flow per Share 2 | 17.40 | 12.50 | 9.990 | 9.250 | 16.80 | 18.50 | 21.80 | 20.80 |
| Capex 1 | 252 | 321 | 319 | 397 | 322 | 366 | 435 | 340 |
| Capex / Sales | 0.69% | 0.81% | 0.77% | 1.23% | 0.93% | 0.99% | 1.1% | 0.86% |
| Announcement Date | 2/6/20 | 2/9/21 | 2/8/22 | 2/9/23 | 2/8/24 | - | - | - |
1NOK in Million2NOK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
153
NOK
Average target price
150
NOK
Spread / Average Target
-1.96%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +18.42% | 1.6B | |
| -13.54% | 190B | |
| +2.92% | 169B | |
| +5.75% | 159B | |
| +2.46% | 97.69B | |
| +50.08% | 93.25B | |
| +17.01% | 85.67B | |
| +1.55% | 77.83B | |
| -0.44% | 47.42B | |
| -32.12% | 45.23B |
- Stock Market
- Equities
- ATEA Stock
- Financials Atea ASA
