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 4,535 - -
Change - -21.26% 1.51% 25.56% -19.04% -28.78% - -
Enterprise Value (EV) 1 7,295 5,727 5,782 7,031 6,037 4,448 4,443 4,423
Change - -21.49% 0.96% 21.59% -14.14% -26.31% -0.12% -0.45%
P/E 29.6x 20x 19.5x 20.7x 17.8x 12.9x 11.7x 11.5x
PBR 17.6x 13.6x 13.8x 17.1x 15.1x 12.1x 11.7x 11.1x
PEG - 1.1x 4.5x 1.2x -2.86x -12.67x 1.1x 7.23x
Capitalization / Revenue 2.91x 2x 1.78x 2.01x 1.63x 1.12x 1.05x 1.02x
EV / Revenue 2.71x 1.86x 1.64x 1.79x 1.54x 1.1x 1.03x 0.99x
EV / EBITDA 17.8x 11.9x 11.5x 11.5x 10.5x 7.82x 7.18x 6.99x
EV / EBIT 21.5x 14.3x 14.2x 14.3x 12.8x 9.51x 8.6x 8.35x
EV / FCF 27.5x 20.4x 12.6x 8.53x 18.8x 14.2x 11.5x 10.5x
FCF Yield 3.63% 4.91% 7.94% 11.7% 5.31% 7.06% 8.73% 9.56%
Dividend per Share 2 2.7 2.3 3.05 3.6 3.7 3.34 3.526 3.659
Rate of return 3.58% 3.83% 5.01% 4.71% 6.01% 7.54% 7.96% 8.26%
EPS 2 2.55 3 3.13 3.69 3.46 3.425 3.782 3.843
Distribution rate 106% 76.7% 97.4% 97.6% 107% 97.5% 93.2% 95.2%
Net sales 1 2,695 3,085 3,526 3,921 3,912 4,046 4,318 4,453
EBITDA 1 409.8 480.7 503.9 610.8 572.6 568.9 618.7 633.1
EBIT 1 340.1 401.7 407 490.4 473.4 467.8 516.3 529.8
Net income 1 265.9 315.7 325.4 383.4 358.7 344.8 382.9 398.9
Net Debt 1 -541.2 -443.4 -482 -834.3 -330.4 -86.46 -91.83 -112
Reference price 2 75.50 60.00 60.90 76.50 61.60 44.30 44.30 44.30
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.($)
21.16x3.48x12.12x3.16% 202B
-93.89x14.84x85.94x-.--% 92.91B
10.88x1.2x6.29x4.42% 89.95B
14.62x2.66x10.06x5.62% 84.7B
20.17x5.27x12.97x2.84% 59.85B
13.61x1.98x8.38x5.73% 43.77B
17.31x2.21x10.6x5.02% 35.71B
18.74x1.51x9.48x1.58% 34.75B
19.59x1.45x9.18x1.01% 34.43B
Average 4.69x 3.85x 18.34x 3.26% 75.32B
Weighted average by Cap. 2.23x 4.42x 20.68x 3.25%

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