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 8,827 - -
Change - -27.84% -10.98% 36.85% 81.9% 30.89% - -
Enterprise Value (EV) 1 13,284 12,085 11,744 12,993 16,628 19,101 19,710 20,033
Change - -9.03% -2.82% 10.64% 27.97% 14.88% 3.18% 1.64%
P/E 7.45x 9.59x 7.82x 13.4x 11x 11.2x 9.94x 9.62x
PBR 0.85x 0.6x 0.51x 0.66x 1.18x 1.58x 1.54x 1.53x
PEG - -0.2x 0.5x -0.7x 0x 0.4x 0.8x 2.92x
Capitalization / Revenue 1.39x 0.99x 0.72x 1.01x 1.79x 2.25x 2.14x 2.07x
EV / Revenue 4.38x 3.92x 3.11x 3.53x 4.42x 4.88x 4.77x 4.69x
EV / EBITDA 9.52x 8.53x 6.97x 8.17x 9.06x 9.75x 9.42x 9.23x
EV / EBIT 10.2x 9.06x 7.44x 8.66x 9.59x 10.2x 9.82x 9.6x
EV / FCF 5.77x 9.73x 5.46x 6.9x 13.4x 56.4x 20.6x 17.4x
FCF Yield 17.3% 10.3% 18.3% 14.5% 7.46% 1.77% 4.84% 5.76%
Dividend per Share 2 0.42 0.2 0.7 1.5 1.9 2.1 2.383 2.483
Rate of return 4.05% 2.54% 9.52% 14.9% 10.4% 8.7% 9.87% 10.3%
EPS 2 1.39 0.82 0.94 0.75 1.66 2.147 2.43 2.51
Distribution rate 30.2% 24.4% 74.5% 200% 114% 97.8% 98.1% 98.9%
Net sales 1 3,036 3,085 3,775 3,683 3,759 3,916 4,129 4,273
EBITDA 1 1,396 1,417 1,684 1,591 1,835 1,958 2,091 2,170
EBIT 1 1,308 1,334 1,578 1,500 1,734 1,871 2,007 2,086
Net income 1 573 326 363 277 621 801.2 907.5 936.3
Net Debt 1 9,067 9,042 9,035 9,286 9,884 10,275 10,883 11,206
Reference price 2 10.36 7.86 7.35 10.06 18.24 24.15 24.15 24.15
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.25x4.91x9.82x8.7% 924M
611x - - -.--% 35.06B
564x - - -.--% 18.17B
7.5x - - 4.02% 14.5B
12.55x4.3x15.2x3.61% 12.87B
14.77x - - 3.33% 11.92B
5.87x - - 5.22% 10.16B
18.21x - - 2.22% 9B
19.85x15.09x - 1.19% 8.13B
Average 140.56x 8.10x 12.51x 3.14% 13.42B
Weighted average by Cap. 269.28x 8.33x 14.84x 1.95%

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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