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 5,113 - -
Change - -21.26% 1.51% 25.56% -19.04% -19.7% - -
Enterprise Value (EV) 1 7,295 5,727 5,782 7,031 6,037 4,837 4,760 4,544
Change - -21.49% 0.96% 21.59% -14.14% -19.88% -1.59% -4.54%
P/E 29.6x 20x 19.5x 20.7x 17.8x 15.2x 13.6x 12.4x
PBR 17.6x 13.6x 13.8x 17.1x 15.1x 13x 11.8x 13.1x
PEG - 1.1x 4.5x 1.2x -2.86x -2.97x 1.2x 1.2x
Capitalization / Revenue 2.91x 2x 1.78x 2.01x 1.63x 1.29x 1.2x 1.11x
EV / Revenue 2.71x 1.86x 1.64x 1.79x 1.54x 1.22x 1.11x 0.99x
EV / EBITDA 17.8x 11.9x 11.5x 11.5x 10.5x 8.75x 7.92x 7.01x
EV / EBIT 21.5x 14.3x 14.2x 14.3x 12.8x 10.7x 9.58x 8.39x
EV / FCF 27.5x 20.4x 12.6x 8.53x 18.8x 13.8x 10x 9.76x
FCF Yield 3.63% 4.91% 7.94% 11.7% 5.31% 7.26% 9.99% 10.2%
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% 6.75% 6.76% 7.72%
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 49.95 49.95 49.95
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.17x1.21x8.72x6.77% 548M
22.75x3.72x12.98x2.92% 218B
13.94x1.54x8.07x3.44% 115B
-107.91x16.98x97.19x-.--% 106B
15.2x2.78x10.49x5.4% 89.93B
20.27x5.32x13.08x2.81% 61.08B
14.94x2.18x9.24x5.22% 48.87B
21.46x1.75x10.79x1.37% 41.56B
21.03x1.59x10.19x0.9% 39.92B
18.38x2.35x11.05x4.75% 38.14B
Average 5.52x 3.94x 19.18x 3.36% 75.92B
Weighted average by Cap. 1.19x 4.87x 23.10x 2.93%

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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  4. Valuation Bouvet ASA