Company Valuation: Baltic Sea Properties

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 300.1 337 333.9 316.5 434.4 425.9
Change - 12.31% -0.92% -5.2% 37.23% -1.95%
Enterprise Value (EV) 1 641.2 694.2 915.8 959.3 1,071 1,118
Change - 8.26% 31.91% 4.76% 11.66% 4.33%
P/E 20.3x 11.6x 7.11x 10.9x 7.85x 9.3x
PBR 1.45x 1.56x 0.82x 0.7x 0.71x 0.66x
PEG - 0.1x 0.1x -0.3x 0.2x -0.5x
Capitalization / Revenue 4.85x 5.28x 4.8x 3.47x 4.51x 4.03x
EV / Revenue 10.4x 10.9x 13.2x 10.5x 11.1x 10.6x
EV / EBITDA 13.9x 14.9x 19.9x 14.5x 15.3x 15.1x
EV / EBIT 32.4x 29x 20.1x 14.6x 15.4x 15.2x
EV / FCF -5.86x 36.1x 42.9x 58.8x 28.2x 41.7x
FCF Yield -17.1% 2.77% 2.33% 1.7% 3.55% 2.4%
Dividend per Share 2 1.5 1.5 - 1.75 2 -
Rate of return 3.33% 2.97% - 3.69% 4% -
EPS 2 2.22 4.34 7.035 4.338 6.368 5.27
Distribution rate 67.6% 34.6% - 40.3% 31.4% -
Net sales 1 61.87 63.8 69.52 91.29 96.41 105.6
EBITDA 1 46.15 46.51 45.95 66.19 70.08 73.79
EBIT 1 19.78 23.96 45.59 65.88 69.76 73.5
Net income 1 14.8 28.96 46.98 28.97 55.32 45.82
Net Debt 1 341.2 357.2 581.9 642.8 636.8 691.7
Reference price 2 45.00 50.50 50.00 47.40 50.00 49.00
Nbr of stocks (in thousands) 6,668 6,673 6,678 6,678 8,687 8,692
Announcement Date 3/26/21 4/27/22 4/19/23 4/11/24 4/11/25 4/16/26
1NOK in Million2NOK
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 41.41M
16.63x15.8x16.42x4.73% 14.34B
20.74x14.48x17.68x1.33% 9.57B
53.65x16.04x27.39x0.17% 7.09B
23.25x12.24x17.18x0.94% 4.21B
130.83x15.85x23.61x2.26% 3.46B
10.4x6.22x8.21x3.76% 2.59B
15.16x5.76x7.72x13.36% 2.54B
10.55x5.94x9.49x1.96% 2.22B
Average 35.15x 11.54x 15.96x 3.56% 5.12B
Weighted average by Cap. 31.66x 13.67x 17.71x 3.07%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Stocks
  3. BALT Stock
  4. Valuation Baltic Sea Properties