Company Valuation: B2 Impact ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,217 3,043 2,709 3,707 6,744 9,179 - -
Change - -27.84% -10.98% 36.85% 81.9% 36.11% - -
Enterprise Value (EV) 1 13,284 12,085 11,744 12,993 16,628 19,293 20,251 20,386
Change - -9.03% -2.82% 10.64% 27.97% 16.03% 4.96% 0.67%
P/E 7.45x 9.59x 7.82x 13.4x 11x 11.7x 10.2x 9.78x
PBR 0.85x 0.6x 0.51x 0.66x 1.18x 1.62x 1.58x 1.57x
PEG - -0.2x 0.5x -0.7x 0x 0.4x 0.7x 2.55x
Capitalization / Revenue 1.39x 0.99x 0.72x 1.01x 1.79x 2.37x 2.19x 2.11x
EV / Revenue 4.38x 3.92x 3.11x 3.53x 4.42x 4.97x 4.84x 4.69x
EV / EBITDA 9.52x 8.53x 6.97x 8.17x 9.06x 9.82x 9.62x 9.3x
EV / EBIT 10.2x 9.06x 7.44x 8.66x 9.59x 10.3x 10x 9.68x
EV / FCF 5.77x 9.73x 5.46x 6.9x 13.4x 57x 32.7x 27.2x
FCF Yield 17.3% 10.3% 18.3% 14.5% 7.46% 1.75% 3.06% 3.68%
Dividend per Share 2 0.42 0.2 0.7 1.5 1.9 2.05 2.383 2.483
Rate of return 4.05% 2.54% 9.52% 14.9% 10.4% 8.28% 9.63% 10%
EPS 2 1.39 0.82 0.94 0.75 1.66 2.115 2.437 2.53
Distribution rate 30.2% 24.4% 74.5% 200% 114% 96.9% 97.8% 98.2%
Net sales 1 3,036 3,085 3,775 3,683 3,759 3,881 4,182 4,343
EBITDA 1 1,396 1,417 1,684 1,591 1,835 1,964 2,106 2,192
EBIT 1 1,308 1,334 1,578 1,500 1,734 1,875 2,019 2,106
Net income 1 573 326 363 277 621 812.6 908.6 943
Net Debt 1 9,067 9,042 9,035 9,286 9,884 10,114 11,072 11,206
Reference price 2 10.36 7.86 7.35 10.06 18.24 24.75 24.75 24.75
Nbr of stocks (in thousands) 407,086 387,181 368,595 368,532 369,727 370,870 - -
Announcement Date 2/10/22 2/15/23 2/15/24 2/13/25 2/12/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.8x4.99x9.86x8.22% 942M
617x - - -.--% 35.41B
567x - - -.--% 18.27B
7.52x - - 4.01% 14.57B
15.29x - - 3.21% 12.36B
11.92x4.26x15.01x3.68% 12.14B
5.81x - - 5.27% 10.07B
22.03x15.76x70.56x1.03% 8.78B
17.02x - - 2.4% 8.24B
Average 141.71x 8.33x 31.81x 3.09% 13.42B
Weighted average by Cap. 273.65x 8.91x 37.11x 1.93%

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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