Company Valuation: Elkem ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 18,833 22,334 13,413 11,111 19,331 11,718 - -
Change - 18.59% -39.94% -17.17% 73.99% -39.38% - -
Enterprise Value (EV) 1 23,660 24,949 22,863 21,438 31,214 18,131 17,116 16,131
Change - 5.45% -8.36% -6.23% 45.6% -41.91% -5.6% -5.75%
P/E 4.01x 2.34x 192x 22.8x -29x -48x 9x 6.99x
PBR 0.95x 0.78x 0.55x 0.43x 0.8x 1.13x 0.89x 0.82x
PEG - 0x -1.9x 0x 0x 1.3x -0x 0.2x
Capitalization / Revenue 0.56x 0.49x 0.38x 0.34x 0.63x 0.76x 0.66x 0.62x
EV / Revenue 0.7x 0.54x 0.64x 0.65x 1.01x 1.17x 0.97x 0.85x
EV / EBITDA 3.04x 1.94x 6.06x 5.17x 9.07x 9.35x 5.28x 4.28x
EV / EBIT 4.01x 2.01x 13.6x 16.6x 44.7x 20x 7.6x 5.9x
EV / FCF 13.3x 4.75x -12.4x -16.4x -27.3x 9.42x 19.6x 14.5x
FCF Yield 7.54% 21.1% -8.09% -6.08% -3.66% 10.6% 5.1% 6.92%
Dividend per Share 2 3 6 - - - - 1.332 2.023
Rate of return 10.1% 17% - - - - 4.12% 6.26%
EPS 2 7.44 15.04 0.11 0.77 -1.05 -0.6733 3.589 4.626
Distribution rate 40.3% 39.9% - - - - 37.1% 43.7%
Net sales 1 33,717 45,898 35,545 33,004 30,806 15,513 17,735 18,888
EBITDA 1 7,791 12,887 3,771 4,146 3,440 1,939 3,240 3,770
EBIT 1 5,899 12,414 1,682 1,294 699 906.1 2,251 2,736
Net income 1 4,628 9,561 72 488 -668 -197 1,399 1,719
Net Debt 1 4,827 2,615 9,450 10,327 11,883 6,413 5,398 4,413
Reference price 2 29.82 35.20 21.16 17.52 30.48 32.32 32.32 32.32
Nbr of stocks (in thousands) 631,546 634,477 633,890 634,169 634,219 362,548 - -
Announcement Date 2/9/22 2/8/23 2/8/24 2/12/25 2/13/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-48x1.17x9.35x-.--% 1.24B
38.2x5.21x21.12x1.01% 81.52B
34.91x5.13x22.32x1.88% 43.79B
24.54x2.92x15.16x2.13% 35.07B
15.24x1.58x8.8x2.74% 33.33B
38.72x7.01x18.58x1.59% 31.99B
14.47x1.39x8.57x2.2% 25.71B
41.1x10.09x30.53x2.13% 24.94B
8.2x2.29x4.55x3.17% 17.27B
24.71x2.67x10.86x1.82% 17.77B
Average 19.21x 3.94x 14.98x 1.87% 31.26B
Weighted average by Cap. 29.33x 4.49x 17.22x 1.85%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Elkem ASA

Historical PBR trend

Valuation ratios - PBR - Elkem ASA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Elkem ASA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Elkem ASA


Year-on-year evolution of the Yield

Valuation ratios - Yield - Elkem ASA