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 3,979 - -
Change - -2.51% -46.83% -60.75% -9.2% -3% - -
Enterprise Value (EV) 1 19,513 21,654 8,172 2,903 2,718 2,843 3,318 3,525
Change - 10.97% -62.26% -64.48% -6.35% 4.61% 16.69% 6.25%
P/E -13.2x -18.2x -13.3x -18x -3.19x -6.74x -10.4x -14.4x
PBR 4.38x - 1.84x 0.91x 1.02x 1.12x 1.19x 1.41x
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 5.32x 2.93x 2.55x
EV / Revenue 24.5x 21.8x 4.61x 1.94x 2.47x 3.8x 2.44x 2.26x
EV / EBITDA -41.1x -27.8x -17.2x -16.8x -9.89x -6.52x -16.8x -27.5x
EV / EBIT -33.5x -16.9x -11.7x -7.45x -1.99x -4.6x -8.11x -12.1x
EV / FCF -23.6x - -5.8x -3.52x -5x -6.79x -6.69x -10.7x
FCF Yield -4.24% - -17.2% -28.4% -20% -14.7% -14.9% -9.39%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.15 -0.76 -0.52 -0.15 -0.7 -0.3214 -0.2087 -0.1502
Distribution rate - - - - - - - -
Net sales 1 798 993.6 1,773 1,495 1,100 748.4 1,360 1,563
EBITDA 1 -475.2 -779.9 -473.7 -172.9 -274.8 -436.1 -197.9 -128.3
EBIT 1 -582.9 -1,279 -699.5 -389.4 -1,365 -618.2 -409 -291.4
Net income 1 -1,667 -1,171 -855.2 -244.3 -1,265 -545.4 -349.8 -242.3
Net Debt 1 -2,700 - -3,341 -1,616 -1,384 -1,136 -661.2 -453.9
Reference price 2 15.210 13.855 6.890 2.704 2.232 2.165 2.165 2.165
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.($)
32.53x2.57x16.64x1.4% 137B
19.92x1.09x8.1x0.9% 27.76B
12.13x1.54x8.28x1.95% 24.6B
10.68x3.54x6.8x-.--% 20.05B
17.24x4.04x14.03x3.82% 14.81B
23.35x2.82x13.3x-.--% 13.47B
-13.85x0.97x24.11x-.--% 12.49B
16.74x1.05x8.82x1.58% 8.93B
-7.34x1.4x12.91x-.--% 7.61B
Average 12.38x 2.11x 12.55x 1.07% 29.63B
Weighted average by Cap. 22.54x 2.33x 13.91x 1.26%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Nel ASA

Historical PBR trend

Valuation ratios - PBR - Nel ASA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Nel ASA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Nel ASA


Year-on-year evolution of the Yield

Valuation ratios - Yield - Nel ASA