Projected Income Statement: B2 Impact ASA

Forecast Balance Sheet: B2 Impact ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 9,067 9,042 9,035 9,286 9,884 10,277 10,968 11,389
Change - -0.28% -0.08% 2.78% 6.44% 3.98% 6.72% 3.84%
Announcement Date 2/10/22 2/15/23 2/15/24 2/13/25 2/12/26 - - -
1NOK in Million
Estimates

Cash Flow Forecast: B2 Impact ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,192 2,157 2,584 2,168 3,463 3,676 3,634 3,684
Change - 80.96% 19.8% -16.1% 59.73% 6.17% -1.16% 1.38%
Free Cash Flow (FCF) 1 2,302 1,242 2,151 1,882 1,240 379.5 948.5 1,149
Change - -46.05% 73.19% -12.51% -34.11% -69.4% 149.93% 21.14%
Announcement Date 2/10/22 2/15/23 2/15/24 2/13/25 2/12/26 - - -
1NOK in Million
Estimates

Forecast Financial Ratios: B2 Impact ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 45.98% 45.93% 44.61% 43.2% 48.82% 50.38% 50.86% 51.09%
EBIT Margin (%) 43.08% 43.24% 41.8% 40.73% 46.13% 48.16% 48.83% 49.14%
EBT Margin (%) 24.44% 13.65% 12.4% 9.72% 21.34% 26.74% 28.5% 28.48%
Net margin (%) 18.87% 10.57% 9.62% 7.52% 16.52% 20.54% 22.18% 22.15%
FCF margin (%) 75.82% 40.26% 56.98% 51.1% 32.99% 9.66% 22.96% 26.83%
FCF / Net Income (%) 401.75% 380.98% 592.56% 679.42% 199.68% 47.01% 103.53% 121.12%

Profitability

        
ROA 3.53% 2.05% 2.86% 3.38% - - - -
ROE 12.2% 10.7% 8.9% 10% 12% 13.57% 14.6% 16.3%

Financial Health

        
Leverage (Debt/EBITDA) 6.49x 6.38x 5.37x 5.84x 5.39x 5.19x 5.22x 5.21x
Debt / Free cash flow 3.94x 7.28x 4.2x 4.93x 7.97x 27.08x 11.56x 9.91x

Capital Intensity

        
CAPEX / Current Assets (%) 39.26% 69.92% 68.45% 58.87% 92.13% 93.56% 87.96% 86.03%
CAPEX / EBITDA (%) 85.39% 152.22% 153.44% 136.27% 188.72% 185.71% 172.94% 168.4%
CAPEX / FCF (%) 51.78% 173.67% 120.13% 115.2% 279.27% 968.77% 383.13% 320.63%

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 0.42 0.2 0.7 1.5 1.9 2.15 2.4 2.5
Change - -52.38% 250% 114.29% 26.67% 13.16% 11.63% 4.17%
Book Value Per Share 1 12.18 13 14.43 15.24 15.44 16.1 15.71 15.87
Change - 6.71% 11.04% 5.64% 1.29% 4.27% -2.42% 1.02%
EPS 1 1.39 0.82 0.94 0.75 1.66 2.21 2.45 2.54
Change - -41.01% 14.63% -20.21% 121.33% 33.13% 10.86% 3.67%
Nbr of stocks (in thousands) 407,086 387,181 368,595 368,532 369,727 370,870 370,870 370,870
Announcement Date 2/10/22 2/15/23 2/15/24 2/13/25 2/12/26 - - -
1NOK
Estimates
2026 *2027 *
P/E 11.7x 10.5x
PBR 1.6x 1.64x
EV / Sales 5.05x 4.97x
Yield 8.33% 9.3%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
25.80NOK
Average target price
27.77NOK
Spread / Average Target
+7.62%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. B2H Stock
  4. Financials B2 Impact ASA