Company Valuation: Nel ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,213 21,654 11,513 4,518 4,103 3,897 - -
Change - -2.51% -46.83% -60.75% -9.2% -5.02% - -
Enterprise Value (EV) 1 19,513 21,654 8,172 2,903 2,718 2,929 3,204 3,658
Change - 10.97% -62.26% -64.48% -6.35% 7.74% 9.4% 14.16%
P/E -13.2x -18.2x -13.3x -18x -3.19x -6.55x -9.91x -13.3x
PBR 4.38x - 1.84x 0.91x 1.02x 1.1x 1.17x 1.39x
PEG - 0.5x 0.4x 0.3x -0x 0.1x 0.3x 0.5x
Capitalization / Revenue 27.8x 21.8x 6.49x 3.02x 3.73x 5.04x 2.75x 2.45x
EV / Revenue 24.5x 21.8x 4.61x 1.94x 2.47x 3.79x 2.26x 2.3x
EV / EBITDA -41.1x -27.8x -17.2x -16.8x -9.89x -6.78x -16.9x -30.6x
EV / EBIT -33.5x -16.9x -11.7x -7.45x -1.99x -4.49x -7.24x -10.9x
EV / FCF -23.6x - -5.8x -3.52x -5x -6.77x -7.06x -25x
FCF Yield -4.24% - -17.2% -28.4% -20% -14.8% -14.2% -4.01%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.15 -0.76 -0.52 -0.15 -0.7 -0.3238 -0.214 -0.1595
Distribution rate - - - - - - - -
Net sales 1 798 993.6 1,773 1,495 1,100 773.7 1,419 1,589
EBITDA 1 -475.2 -779.9 -473.7 -172.9 -274.8 -432.2 -189.2 -119.4
EBIT 1 -582.9 -1,279 -699.5 -389.4 -1,365 -652.1 -442.5 -335.7
Net income 1 -1,667 -1,171 -855.2 -244.3 -1,265 -592.4 -381.2 -264.6
Net Debt 1 -2,700 - -3,341 -1,616 -1,384 -968.1 -692.8 -239
Reference price 2 15.210 13.855 6.890 2.704 2.232 2.120 2.120 2.120
Nbr of stocks (in thousands) 1,460,396 1,562,907 1,670,907 1,670,907 1,838,040 1,838,040 - -
Announcement Date 2/16/22 2/28/23 2/28/24 2/26/25 2/26/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.57x2.68x17.72x1.28% 145B
13.95x1.79x9.85x1.71% 30.77B
12.24x0.76x8.98x3.86% 12.25B
-16.33x0.63x8.13x-.--% 4.16B
15.75x0.69x8.6x3.58% 3.25B
14.83x - - 0.73% 2.27B
22.24x - - - 2.18B
-129.73x0.48x29.04x-.--% 1.87B
33.59x0.88x5.8x-.--% 940M
Average 0.12x 1.13x 12.59x 1.39% 22.47B
Weighted average by Cap. 26.85x 2.32x 15.65x 1.49%

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