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 14,932 - -
Change - -31.53% 12.72% 6.41% 9.51% -24.91% - -
Enterprise Value (EV) 1 23,525 16,974 18,855 20,398 21,976 17,238 17,044 16,860
Change - -27.85% 11.08% 8.18% 7.73% -21.56% -1.12% -1.08%
P/E 31.9x 17x 19.7x 22.1x 32.1x 18.9x 13.4x 13.9x
PBR 5.26x 3.44x 3.51x 3.6x 3.36x 2.38x 2.18x 1.99x
PEG - 0.6x -7.35x -4.18x -1.3x 0.7x 0.3x -3.37x
Capitalization / Revenue 3.81x 2.2x 2.39x 2.38x 2.58x 1.9x 1.79x 1.71x
EV / Revenue 4.05x 2.47x 2.64x 2.68x 2.85x 2.2x 2.05x 1.93x
EV / EBITDA 17.1x 10.3x 10.6x 10.9x 11.7x 9.56x 8.27x 7.83x
EV / EBIT 24.7x 14.3x 14.6x 15.9x 17.1x 14.5x 11.9x 11.2x
EV / FCF 32.2x 62.6x 21x 57.1x 39x 37.3x 24.2x 18.3x
FCF Yield 3.1% 1.6% 4.75% 1.75% 2.56% 2.68% 4.14% 5.46%
Dividend per Share 2 2.75 3.25 3.75 4.25 4.75 4.731 5.723 6.124
Rate of return 1.24% 2.14% 2.19% 2.33% 2.38% 3.17% 3.83% 4.1%
EPS 2 6.95 8.95 8.71 8.25 6.22 7.888 11.18 10.72
Distribution rate 39.6% 36.3% 43.1% 51.5% 76.4% 60% 51.2% 57.1%
Net sales 1 5,805 6,881 7,132 7,617 7,713 7,851 8,323 8,722
EBITDA 1 1,372 1,643 1,781 1,874 1,878 1,804 2,061 2,154
EBIT 1 952 1,186 1,291 1,283 1,287 1,191 1,433 1,502
Net income 1 692 892 870 823 620 785.4 1,117 1,071
Net Debt 1 1,417 1,836 1,791 2,240 2,090 2,306 2,112 1,929
Reference price 2 222.00 152.00 171.40 182.40 199.40 149.40 149.40 149.40
Nbr of stocks (in thousands) 99,585 99,594 99,556 99,551 99,728 99,944 - -
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.($)
19.04x2.21x9.6x3.15% 1.53B
36.13x6.62x17.6x1.65% 30.49B
36.45x - - - 4.57B
21.42x - - - 655M
17.91x3.28x10.75x2.12% 84.76M
Average 26.19x 4.03x 12.65x 2.31% 7.47B
Weighted average by Cap. 35.17x 6.40x 17.20x 1.73%

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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