Company Valuation: Itera ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 1,228 1,064 970.4 728.7 701.1 522.9 -
Change - -13.42% -8.76% -24.91% -3.78% -25.42% -
Enterprise Value (EV) 1 1,191 1,022 921.2 678.8 644.4 450.7 450.4
Change - -14.21% -9.84% -26.32% -5.06% -30.06% -0.08%
P/E 28.2x 21x 17.2x 20.8x 30.6x 9.73x 7.78x
PBR 31.1x 21.6x 20.4x 15.4x 15.3x 8.62x 8.31x
PEG - 1.3x 1.5x -0.5x -0.9x 0x 0.3x
Capitalization / Revenue 1.94x 1.45x 1.11x 0.86x 0.83x 0.58x 0.52x
EV / Revenue 1.88x 1.39x 1.06x 0.8x 0.76x 0.5x 0.45x
EV / EBITDA 13.7x 9.38x 8.11x 7.95x 9.35x 4.4x 3.74x
EV / EBIT 20.3x 13.2x 11.3x 13x 17.5x 6.45x 5.15x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 0.35 0.5 0.7 0.6 0.3 0.6 0.8
Rate of return 2.3% 3.79% 5.81% 6.71% 3.5% 9.32% 12.4%
EPS 2 0.54 0.6298 0.7 0.43 0.28 0.6616 0.8276
Distribution rate 64.8% 79.4% 100% 140% 107% 90.7% 96.7%
Net sales 1 633.1 735.8 871.6 849.1 844.3 904.2 1,006
EBITDA 1 87.07 109 113.7 85.33 68.9 102.4 120.5
EBIT 1 58.6 77.22 81.35 52.36 36.8 69.91 87.4
Net income 1 44.15 50.99 56.68 34.95 22.98 54.38 68.01
Net Debt 1 -37.46 -41.9 -49.21 -49.89 -56.68 -72.12 -72.48
Reference price 2 15.250 13.200 12.050 8.940 8.580 6.440 6.440
Nbr of stocks (in thousands) 80,550 80,575 80,532 81,505 81,714 81,189 -
Announcement Date 2/17/22 2/16/23 2/15/24 2/21/25 2/13/26 - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.73x0.5x4.4x9.32% 55.75M
37.2x6.78x24.08x0.92% 81.71B
40.02x1.33x14.25x0.93% 17.79B
20.13x2.06x10.14x3.66% 14.12B
25.42x2.84x12.15x2.94% 12.16B
25.03x3.49x13.44x2.31% 8.09B
15.56x0.66x9.31x1.38% 7.06B
10.72x1.26x6.71x1.96% 6.39B
22.6x2.44x11.48x-.--% 5.82B
18.67x0.4x9.31x3.99% 5.3B
Average 22.51x 2.17x 11.53x 2.74% 15.85B
Weighted average by Cap. 31.27x 4.41x 17.95x 1.53%

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