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 4,044 - -
Change - -2.51% -46.83% -60.75% -9.2% -1.43% - -
Enterprise Value (EV) 1 19,513 21,654 8,172 2,903 2,718 2,975 3,280 3,485
Change - 10.97% -62.26% -64.48% -6.35% 9.45% 10.26% 6.25%
P/E -13.2x -18.2x -13.3x -18x -3.19x -8.33x -11.9x -15.8x
PBR 4.38x - 1.84x 0.91x 1.02x 1.08x 1.18x 1.34x
PEG - 0.5x 0.4x 0.3x -0x 0.1x 0.4x 0.6x
Capitalization / Revenue 27.8x 21.8x 6.49x 3.02x 3.73x 4.66x 2.84x 2.54x
EV / Revenue 24.5x 21.8x 4.61x 1.94x 2.47x 3.43x 2.31x 2.19x
EV / EBITDA -41.1x -27.8x -17.2x -16.8x -9.89x -9.58x -21.2x -43.8x
EV / EBIT -33.5x -16.9x -11.7x -7.45x -1.99x -5.45x -8.37x -11.6x
EV / FCF -23.6x - -5.8x -3.52x -5x -5.04x -8.11x 99.6x
FCF Yield -4.24% - -17.2% -28.4% -20% -19.8% -12.3% 1%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.15 -0.76 -0.52 -0.15 -0.7 -0.2641 -0.1856 -0.1391
Distribution rate - - - - - - - -
Net sales 1 798 993.6 1,773 1,495 1,100 867.8 1,422 1,594
EBITDA 1 -475.2 -779.9 -473.7 -172.9 -274.8 -310.5 -155.1 -79.62
EBIT 1 -582.9 -1,279 -699.5 -389.4 -1,365 -545.8 -391.7 -299.6
Net income 1 -1,667 -1,171 -855.2 -244.3 -1,265 -486.5 -330.7 -211.1
Net Debt 1 -2,700 - -3,341 -1,616 -1,384 -1,069 -763.3 -558.3
Reference price 2 15.210 13.855 6.890 2.704 2.232 2.200 2.200 2.200
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.($)
-8.33x3.43x-9.58x-.--% 414M
35.61x2.76x18.3x1.25% 149B
15.76x2.05x11.28x1.51% 34.75B
13.76x0.95x11.15x3.52% 13.82B
-17.19x0.65x8.38x-.--% 4.38B
17.57x0.75x9.34x3.2% 3.62B
29.28x - - - 2.87B
16.96x - - 0.64% 2.6B
-134.09x0.56x34.06x-.--% 2.15B
35.02x0.9x5.97x-.--% 980M
Average 0.44x 1.51x 11.11x 1.13% 21.43B
Weighted average by Cap. 27.50x 2.42x 16.34x 1.42%

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