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 4,007 - -
Change - -2.51% -46.83% -60.75% -9.2% -2.33% - -
Enterprise Value (EV) 1 19,513 21,654 8,172 2,903 2,718 2,903 3,170 3,396
Change - 10.97% -62.26% -64.48% -6.35% 6.82% 9.18% 7.13%
P/E -13.2x -18.2x -13.3x -18x -3.19x -6.73x -10.7x -14.4x
PBR 4.38x - 1.84x 0.91x 1.02x 1.13x 1.2x 1.43x
PEG - 0.5x 0.4x 0.3x -0x 0.1x 0.3x 0.6x
Capitalization / Revenue 27.8x 21.8x 6.49x 3.02x 3.73x 5.27x 2.88x 2.63x
EV / Revenue 24.5x 21.8x 4.61x 1.94x 2.47x 3.82x 2.28x 2.23x
EV / EBITDA -41.1x -27.8x -17.2x -16.8x -9.89x -6.74x -16.5x -26.5x
EV / EBIT -33.5x -16.9x -11.7x -7.45x -1.99x -4.53x -7.41x -10.5x
EV / FCF -23.6x - -5.8x -3.52x -5x -6.71x -6.98x -23.2x
FCF Yield -4.24% - -17.2% -28.4% -20% -14.9% -14.3% -4.31%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.15 -0.76 -0.52 -0.15 -0.7 -0.3238 -0.2045 -0.1515
Distribution rate - - - - - - - -
Net sales 1 798 993.6 1,773 1,495 1,100 760.2 1,389 1,524
EBITDA 1 -475.2 -779.9 -473.7 -172.9 -274.8 -430.5 -191.8 -128
EBIT 1 -582.9 -1,279 -699.5 -389.4 -1,365 -640.6 -427.7 -323.9
Net income 1 -1,667 -1,171 -855.2 -244.3 -1,265 -555.6 -358.8 -246.7
Net Debt 1 -2,700 - -3,341 -1,616 -1,384 -1,103 -837 -610.9
Reference price 2 15.210 13.855 6.890 2.704 2.232 2.180 2.180 2.180
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
36.94x2.92x19.08x1.27% 159B
16.2x2.1x11.66x1.48% 35.53B
14.34x0.84x9.98x3.49% 13.39B
-14.74x0.56x7.39x-.--% 4.4B
18x0.77x9.52x3.13% 3.73B
15.52x - - 0.7% 2.39B
23.75x - - - 2.34B
-28.65x0.58x-129.92x-.--% 1.88B
25.88x0.81x5.23x-.--% 778M
Average 11.92x 1.23x -9.58x 1.26% 24.84B
Weighted average by Cap. 30.00x 2.55x 15.59x 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