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 3,952 - -
Change - -2.51% -46.83% -60.75% -9.2% -3.67% - -
Enterprise Value (EV) 1 19,513 21,654 8,172 2,903 2,718 2,984 3,259 3,713
Change - 10.97% -62.26% -64.48% -6.35% 9.77% 9.23% 13.92%
P/E -13.2x -18.2x -13.3x -18x -3.19x -6.64x -10x -13.5x
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 5.11x 2.78x 2.49x
EV / Revenue 24.5x 21.8x 4.61x 1.94x 2.47x 3.86x 2.3x 2.34x
EV / EBITDA -41.1x -27.8x -17.2x -16.8x -9.89x -6.9x -17.2x -31.1x
EV / EBIT -33.5x -16.9x -11.7x -7.45x -1.99x -4.58x -7.36x -11.1x
EV / FCF -23.6x - -5.8x -3.52x -5x -6.9x -7.18x -25.3x
FCF Yield -4.24% - -17.2% -28.4% -20% -14.5% -13.9% -3.95%
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 2.150 2.150 2.150
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.($)
-6.64x3.86x-6.9x-.--% 414M
34.25x2.65x17.45x1.29% 144B
14.39x1.84x10.22x1.66% 31.48B
12.55x0.76x9.02x3.76% 12.32B
-18.15x0.67x8.66x-.--% 4.64B
17.25x0.74x9.21x3.26% 3.56B
14.19x - - 0.76% 2.18B
18.68x - - - 1.83B
-128.91x0.46x27.45x-.--% 1.79B
27.93x0.77x5.05x-.--% 781M
Average -1.45x 1.47x 10.02x 1.19% 20.29B
Weighted average by Cap. 26.45x 2.30x 15.43x 1.48%

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