Company Valuation: DNO ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,198 12,039 9,818 10,208 15,502 16,624 - -
Change - 18.05% -18.45% 3.97% 51.86% 7.23% - -
Enterprise Value (EV) 1 11,650 8,102 8,194 8,992 24,150 22,149 22,528 19,830
Change - -30.45% 1.13% 9.74% 168.58% -8.29% 1.71% -11.98%
P/E 5.66x 2.98x 47.4x -31.1x -32.8x 5.52x 4.08x 4.68x
PBR 1.14x 0.79x 0.75x 0.84x 1.2x 1.16x 0.98x 0.87x
PEG - 0x -0.5x 0x -0.7x -0x 0.1x -0.4x
Capitalization / Revenue 1.15x 0.85x 1.39x 1.37x 1.08x 0.61x 0.64x 0.7x
EV / Revenue 1.32x 0.57x 1.16x 1.2x 1.69x 0.82x 0.87x 0.83x
EV / EBITDA 2.18x 0.78x 2.01x 2.41x 2.95x 1.17x 1.22x 1.17x
EV / EBIT 4.13x 1.82x 3.25x 5.38x 4.85x 1.59x 1.75x 1.74x
EV / FCF 2.95x 2.13x -9.44x 13.6x -88.4x 4.86x 11.1x 7.4x
FCF Yield 33.9% 46.9% -10.6% 7.33% -1.13% 20.6% 9.01% 13.5%
Dividend per Share 2 0.2 0.75 1 - - 1.436 1.556 1.318
Rate of return 1.91% 6.35% 9.93% - - 8.42% 9.12% 7.73%
EPS 2 1.848 3.957 0.2124 -0.3363 -0.4852 3.089 4.184 3.645
Distribution rate 10.8% 19% 471% - - 46.5% 37.2% 36.2%
Net sales 1 8,836 14,214 7,088 7,476 14,305 27,055 25,875 23,885
EBITDA 1 5,340 10,344 4,075 3,736 8,187 18,947 18,498 16,925
EBIT 1 2,824 4,453 2,521 1,672 4,977 13,917 12,875 11,378
Net income 1 1,794 3,905 197.5 -303.8 -244.6 3,517 4,194 3,631
Net Debt 1 1,452 -3,937 -1,625 -1,216 8,647 5,525 5,904 3,206
Reference price 2 10.46 11.81 10.07 10.47 15.90 17.05 17.05 17.05
Nbr of stocks (in thousands) 975,433 1,019,377 975,000 975,000 975,000 975,000 - -
Announcement Date 2/10/22 2/9/23 2/8/24 2/6/25 2/5/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
5.52x0.82x1.17x8.42% 1.72B
10.98x2.15x5.09x3.02% 136B
11.05x3.06x5.7x4.16% 88.81B
7.84x2.66x4.49x2.99% 73.51B
8x2.55x4.06x1.88% 54.28B
12.63x3.53x5.08x2.27% 53.64B
8.79x1.32x4.58x2.21% 51.6B
9.53x2.4x4.59x2.71% 50.06B
10.92x3.12x4.62x6.96% 40.12B
10.43x3.82x5.44x1.32% 31.16B
Average 9.57x 2.54x 4.48x 3.59% 58.12B
Weighted average by Cap. 10.10x 2.62x 4.90x 3.11%

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