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 16,011 - -
Change - -31.53% 12.72% 6.41% 9.51% -19.48% - -
Enterprise Value (EV) 1 23,525 16,974 18,855 20,398 21,976 18,088 18,015 17,629
Change - -27.85% 11.08% 8.18% 7.73% -17.69% -0.41% -2.14%
P/E 31.9x 17x 19.7x 22.1x 32.1x 23.9x 14.1x 14.8x
PBR 5.26x 3.44x 3.51x 3.6x 3.36x 2.66x 2.39x 2.19x
PEG - 0.6x -7.35x -4.18x -1.3x 3.1x 0.2x -3.07x
Capitalization / Revenue 3.81x 2.2x 2.39x 2.38x 2.58x 2.01x 1.92x 1.84x
EV / Revenue 4.05x 2.47x 2.64x 2.68x 2.85x 2.27x 2.17x 2.03x
EV / EBITDA 17.1x 10.3x 10.6x 10.9x 11.7x 9.58x 8.69x 8.18x
EV / EBIT 24.7x 14.3x 14.6x 15.9x 17.1x 13.9x 12.4x 11.7x
EV / FCF 32.2x 62.6x 21x 57.1x 39x 21.7x 25.6x 18.1x
FCF Yield 3.1% 1.6% 4.75% 1.75% 2.56% 4.62% 3.91% 5.52%
Dividend per Share 2 2.75 3.25 3.75 4.25 4.75 2.7 5.767 6.152
Rate of return 1.24% 2.14% 2.19% 2.33% 2.38% 1.69% 3.6% 3.84%
EPS 2 6.95 8.95 8.71 8.25 6.22 6.7 11.35 10.8
Distribution rate 39.6% 36.3% 43.1% 51.5% 76.4% 40.3% 50.8% 57%
Net sales 1 5,805 6,881 7,132 7,617 7,713 7,961 8,320 8,695
EBITDA 1 1,372 1,643 1,781 1,874 1,878 1,888 2,073 2,156
EBIT 1 952 1,186 1,291 1,283 1,287 1,299 1,447 1,509
Net income 1 692 892 870 823 620 516.5 1,130 1,076
Net Debt 1 1,417 1,836 1,791 2,240 2,090 2,077 2,003 1,618
Reference price 2 222.00 152.00 171.40 182.40 199.40 160.20 160.20 160.20
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.($)
24x2.28x9.61x1.68% 1.66B
36.05x6.6x17.56x1.66% 30.53B
36.24x - - - 4.55B
19.63x - - - 601M
16.84x3.14x10.25x2.26% 84.25M
Average 26.55x 4.01x 12.47x 1.87% 7.49B
Weighted average by Cap. 35.23x 6.37x 17.13x 1.66%

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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