Company Valuation: Moreld ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2024 2025 2026 2027 2028
Market Cap 1 2,549 3,334 4,309 - -
Change - 30.82% 29.25% - -
Enterprise Value (EV) 1 4,723 5,095 6,184 5,968 5,745
Change - 7.89% 21.38% -3.49% -3.74%
P/E -3.3x 11.8x 13.8x 9.32x 8.77x
PBR 3.65x 4.26x 5.76x 5.16x 4.52x
PEG - -0x 1.43x 0.2x 1.42x
Capitalization / Revenue 0.28x 0.34x 0.53x 0.54x 0.53x
EV / Revenue 0.52x 0.52x 0.76x 0.75x 0.7x
EV / EBITDA 4.39x 4.63x 7.85x 6.37x 5.97x
EV / EBIT 5.54x 6.29x 10.3x 8.01x 7.46x
EV / FCF 3.57x 3.65x 7.34x 6.09x 4.26x
FCF Yield 28% 27.4% 13.6% 16.4% 23.5%
Dividend per Share 2 0.42 1.68 1.92 2.075 2.1
Rate of return 2.9% 8.95% 8% 8.65% 8.75%
EPS 2 -4.39 1.59 1.744 2.576 2.736
Distribution rate -9.57% 106% 110% 80.5% 76.8%
Net sales 1 9,151 9,838 8,111 8,000 8,161
EBITDA 1 1,075 1,101 787.6 936.4 962.1
EBIT 1 852.2 810.5 601 744.9 770.6
Net income 1 -788.6 284.7 306.2 452.7 481.2
Net Debt 1 2,174 1,761 1,875 1,659 1,436
Reference price 2 14.50 18.78 24.00 24.00 24.00
Nbr of stocks (in thousands) 175,828 177,541 179,555 - -
Announcement Date 2/14/25 2/12/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
56.24x2.59x24.73x0.07% 97.81B
12.27x1.05x5.76x4.77% 71.68B
34.81x4.38x23.78x0.19% 59.41B
26.31x2.02x19.89x1.17% 56.38B
50.68x4.03x25.66x1.8% 40.39B
28.93x0.71x11.79x2.14% 36.35B
23.83x1.63x15.02x0.19% 34.43B
22.95x0.47x7.39x2.57% 31.6B
5.02x0.31x5.81x5.85% 26.79B
Average 29.00x 1.91x 15.54x 2.08% 50.54B
Weighted average by Cap. 32.34x 2.14x 17.01x 1.8%

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

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