Company Valuation: Bouvet ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,837 6,171 6,264 7,865 6,367 4,862 - -
Change - -21.26% 1.51% 25.56% -19.04% -23.64% - -
Enterprise Value (EV) 1 7,295 5,727 5,782 7,031 6,037 4,586 4,509 4,293
Change - -21.49% 0.96% 21.59% -14.14% -24.03% -1.67% -4.79%
P/E 29.6x 20x 19.5x 20.7x 17.8x 14.5x 13x 11.8x
PBR 17.6x 13.6x 13.8x 17.1x 15.1x 12.3x 11.2x 12.4x
PEG - 1.1x 4.5x 1.2x -2.86x -2.84x 1.1x 1.2x
Capitalization / Revenue 2.91x 2x 1.78x 2.01x 1.63x 1.22x 1.14x 1.06x
EV / Revenue 2.71x 1.86x 1.64x 1.79x 1.54x 1.16x 1.05x 0.93x
EV / EBITDA 17.8x 11.9x 11.5x 11.5x 10.5x 8.29x 7.51x 6.63x
EV / EBIT 21.5x 14.3x 14.2x 14.3x 12.8x 10.2x 9.08x 7.92x
EV / FCF 27.5x 20.4x 12.6x 8.53x 18.8x 13.1x 9.48x 9.22x
FCF Yield 3.63% 4.91% 7.94% 11.7% 5.31% 7.65% 10.5% 10.8%
Dividend per Share 2 2.7 2.3 3.05 3.6 3.7 3.369 3.374 3.858
Rate of return 3.58% 3.83% 5.01% 4.71% 6.01% 7.09% 7.1% 8.12%
EPS 2 2.55 3 3.13 3.69 3.46 3.283 3.661 4.036
Distribution rate 106% 76.7% 97.4% 97.6% 107% 103% 92.2% 95.6%
Net sales 1 2,695 3,085 3,526 3,921 3,912 3,970 4,278 4,604
EBITDA 1 409.8 480.7 503.9 610.8 572.6 552.9 600.8 648
EBIT 1 340.1 401.7 407 490.4 473.4 450.6 496.7 541.9
Net income 1 265.9 315.7 325.4 383.4 358.7 340.6 379.7 419.3
Net Debt 1 -541.2 -443.4 -482 -834.3 -330.4 -276.4 -353.1 -569.3
Reference price 2 75.50 60.00 60.90 76.50 61.60 47.50 47.50 47.50
Nbr of stocks (in thousands) 103,796 102,846 102,859 102,811 103,363 102,363 - -
Announcement Date 2/17/22 2/17/23 2/16/24 2/18/25 4/16/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.6x3.56x12.43x3.08% 207B
21.58x4.56x11.19x0.77% 189B
-607.69x43.23x177.59x-.--% 124B
-129.95x18.06x99.96x-.--% 120B
13.16x1.47x7.72x3.65% 112B
13.16x2.39x9.01x6.24% 77.38B
19.26x5.15x12.66x2.91% 57.65B
-16.8x7.28x12.38x-.--% 48.05B
22.08x1.83x11.56x1.41% 43.68B
Average -71.51x 9.72x 39.39x 2.01% 108.72B
Weighted average by Cap. -80.11x 10.41x 42.93x 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