Projected Income Statement: Equinor ASA

Forecast Balance Sheet: Equinor ASA

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 16,429 19,493 867 -13,288 -7,069 6,639 8,779 11,658
Change - 18.65% -95.55% -1,632.64% -153.2% -6.08% 134.61% 32.79%
Announcement Date 2/6/20 2/10/21 2/9/22 2/7/23 2/7/24 2/5/25 - -
1USD in Million
Estimates

Cash Flow Forecast: Equinor ASA

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 10,204 8,476 8,040 8,758 10,575 12,177 13,052 13,367
Change - -16.93% -5.14% 8.93% 20.75% 15.15% 3.4% 2.41%
Free Cash Flow (FCF) 1 3,545 1,910 20,776 26,378 14,126 7,933 6,702 5,175
Change - -46.12% 987.75% 26.96% -46.45% -43.84% -0.46% -22.78%
Announcement Date 2/6/20 2/10/21 2/9/22 2/7/23 2/7/24 2/5/25 - -
1USD in Million
Estimates

Forecast Financial Ratios: Equinor ASA

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 34.97% 25.78% 49.91% 56.5% 43.3% 39.28% 39.81% 39.53%
EBIT Margin (%) 20.95% 8.59% 36.83% 49.69% 33.8% 28.71% 30.26% 29%
EBT Margin (%) 14.44% -9.3% 34.74% 52.12% 35.35% 29.86% 30.33% 30.43%
Net margin (%) 2.86% -12.03% 9.42% 19.06% 11.09% 8.49% 8.37% 8.68%
FCF margin (%) 5.51% 4.17% 22.85% 17.49% 13.18% 7.64% 6.64% 5.42%
FCF / Net Income (%) 192.35% -34.66% 242.63% 91.76% 118.86% 90.09% 79.33% 62.46%

Profitability

        
ROA 4.27% 0.77% 7.35% 18.84% 7.88% 6.41% 6.55% 6.77%
ROE 11.72% 2.46% 27.44% 61.82% 23.2% 19.39% 20.28% 19.56%

Financial Health

        
Leverage (Debt/EBITDA) 0.73x 1.65x 0.02x - - 0.16x 0.22x 0.31x
Debt / Free cash flow 4.63x 10.21x 0.04x - - 0.84x 1.31x 2.25x

Capital Intensity

        
CAPEX / Current Assets (%) 15.86% 18.5% 8.84% 5.81% 9.87% 11.73% 12.93% 14.01%
CAPEX / EBITDA (%) 45.35% 71.76% 17.72% 10.28% 22.79% 29.87% 32.48% 35.43%
CAPEX / FCF (%) 287.84% 443.77% 38.7% 33.2% 74.86% 153.5% 194.75% 258.29%

Items per share

        
Cash flow per share 1 4.134 3.169 8.856 11.04 8.16 7.114 7.303 6.943
Change - -23.33% 179.41% 24.69% -26.1% -12.83% -1.64% -4.93%
Dividend per Share 1 1.05 0.41 0.71 2.9 3.4 2.47 1.498 1.551
Change - -60.95% 73.17% 308.45% 17.24% -27.35% -42.62% 3.52%
Book Value Per Share 1 12.42 10.43 12.02 17.01 16.02 15.01 16 17.59
Change - -15.97% 15.21% 41.54% -5.85% -6.3% 1.47% 9.92%
EPS 1 0.55 -1.69 2.63 9.03 3.93 3.11 3.197 3.289
Change - -407.27% -255.62% 243.35% -56.48% -20.87% 1.56% 2.89%
Nbr of stocks (in thousands) 3,299,021 3,253,801 3,227,308 3,168,793 2,953,894 2,722,115 2,722,115 2,722,115
Announcement Date 2/6/20 2/10/21 2/9/22 2/7/23 2/7/24 2/5/25 - -
1USD
Estimates
2024 2025 *
P/E ratio 7.5x 7.34x
PBR 1.55x 1.47x
EV / Sales 0.68x 0.72x
Yield 10.6% 6.38%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
AAA
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
24
Last Close Price
23.47USD
Average target price
27.29USD
Spread / Average Target
+16.28%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. EQNR Stock
  4. Financials Equinor ASA