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 18,564 - -
Change - -31.06% 13.82% 10.19% 11.2% 5.58% - -
Enterprise Value (EV) 1 18,459 13,689 15,312 17,195 18,559 18,250 18,031 17,759
Change - -25.84% 11.86% 12.3% 7.93% -1.66% -1.2% -1.51%
P/E 24.5x 15.1x 18.1x 20.6x 20.4x 15.1x 14.6x 13.5x
PBR 5.18x 3.38x 3.46x 3.59x 3.94x 4.03x 3.84x 3.63x
PEG - 1.2x -3.19x -5.45x 1.6x 0.4x 4.03x 1.64x
Capitalization / Revenue 0.44x 0.39x 0.41x 0.46x 0.47x 0.46x 0.43x 0.4x
EV / Revenue 0.45x 0.42x 0.44x 0.5x 0.5x 0.45x 0.42x 0.39x
EV / EBITDA 11.1x 7.56x 7.93x 9.01x 8.61x 7.52x 6.78x 6.26x
EV / EBIT 17.6x 11.4x 12.3x 14.2x 13.4x 11.4x 9.92x 9.13x
EV / FCF 22.4x 19.3x 9.83x 10.7x 23.6x 9.52x 10.1x 9.44x
FCF Yield 4.46% 5.18% 10.2% 9.34% 4.24% 10.5% 9.92% 10.6%
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% 4.94% 5.86% 6.12%
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 2 164.00 114.00 129.20 141.40 157.80 166.80 166.80 166.80
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.12x0.45x7.52x4.94% 1.95B
25.51x4.16x14.51x2.57% 247B
11.6x1.23x6.46x4.17% 95.78B
14.27x2.61x9.62x5.82% 85.22B
-82.14x12.94x74.91x-.--% 81.28B
19.22x5.04x12.45x2.96% 57.71B
15.03x2.21x9.26x5.15% 49.64B
12.91x1.48x10.13x1.25% 35.25B
15.89x2.02x9.52x5.44% 33.45B
20.65x1.4x9.96x0.85% 31.89B
Average 6.81x 3.35x 16.43x 3.32% 71.88B
Weighted average by Cap. 7.61x 4.15x 18.49x 3.09%

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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