Company Valuation: Borregaard ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,108 15,138 17,064 18,158 19,886 15,883 - -
Change - -31.53% 12.72% 6.41% 9.51% -20.13% - -
Enterprise Value (EV) 1 23,525 16,974 18,855 20,398 21,976 18,024 17,853 17,431
Change - -27.85% 11.08% 8.18% 7.73% -17.98% -0.95% -2.36%
P/E 31.9x 17x 19.7x 22.1x 32.1x 26.1x 14.7x 14.2x
PBR 5.26x 3.44x 3.51x 3.6x 3.36x 2.62x 2.35x 2.15x
PEG - 0.6x -7.35x -4.18x -1.3x -15.71x 0.2x 3.81x
Capitalization / Revenue 3.81x 2.2x 2.39x 2.38x 2.58x 2x 1.9x 1.82x
EV / Revenue 4.05x 2.47x 2.64x 2.68x 2.85x 2.27x 2.13x 1.99x
EV / EBITDA 17.1x 10.3x 10.6x 10.9x 11.7x 9.77x 8.45x 7.88x
EV / EBIT 24.7x 14.3x 14.6x 15.9x 17.1x 14.5x 12x 11.1x
EV / FCF 32.2x 62.6x 21x 57.1x 39x 27.1x 26.6x 16.7x
FCF Yield 3.1% 1.6% 4.75% 1.75% 2.56% 3.69% 3.77% 5.99%
Dividend per Share 2 2.75 3.25 3.75 4.25 4.75 3.725 5.807 6.412
Rate of return 1.24% 2.14% 2.19% 2.33% 2.38% 2.34% 3.64% 4.02%
EPS 2 6.95 8.95 8.71 8.25 6.22 6.117 10.86 11.26
Distribution rate 39.6% 36.3% 43.1% 51.5% 76.4% 60.9% 53.5% 56.9%
Net sales 1 5,805 6,881 7,132 7,617 7,713 7,952 8,364 8,744
EBITDA 1 1,372 1,643 1,781 1,874 1,878 1,845 2,113 2,212
EBIT 1 952 1,186 1,291 1,283 1,287 1,247 1,492 1,569
Net income 1 692 892 870 823 620 487.6 1,081 1,122
Net Debt 1 1,417 1,836 1,791 2,240 2,090 2,141 1,970 1,548
Reference price 2 222.00 152.00 171.40 182.40 199.40 159.40 159.40 159.40
Nbr of stocks (in thousands) 99,585 99,594 99,556 99,551 99,728 99,645 - -
Announcement Date 2/3/22 2/2/23 1/31/24 1/29/25 2/4/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.06x2.27x9.77x2.34% 1.66B
34.77x6.39x16.98x1.83% 29.59B
39.16x - - - 4.93B
18.73x - - - 575M
16.47x3.06x9.96x2.31% 83.02M
Average 27.04x 3.90x 12.23x 2.16% 7.37B
Weighted average by Cap. 34.67x 6.16x 16.58x 1.86%

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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