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 3,915 - -
Change - -2.51% -46.83% -60.75% -9.2% -4.57% - -
Enterprise Value (EV) 1 19,513 21,654 8,172 2,903 2,718 2,947 3,222 3,676
Change - 10.97% -62.26% -64.48% -6.35% 8.41% 9.34% 14.08%
P/E -13.2x -18.2x -13.3x -18x -3.19x -6.58x -9.96x -13.4x
PBR 4.38x - 1.84x 0.91x 1.02x 1.11x 1.17x 1.4x
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 5.06x 2.76x 2.46x
EV / Revenue 24.5x 21.8x 4.61x 1.94x 2.47x 3.81x 2.27x 2.31x
EV / EBITDA -41.1x -27.8x -17.2x -16.8x -9.89x -6.82x -17x -30.8x
EV / EBIT -33.5x -16.9x -11.7x -7.45x -1.99x -4.52x -7.28x -10.9x
EV / FCF -23.6x - -5.8x -3.52x -5x -6.81x -7.1x -25.1x
FCF Yield -4.24% - -17.2% -28.4% -20% -14.7% -14.1% -3.99%
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 2.130 2.130 2.130
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.($)
35.46x2.75x18.12x1.25% 147B
15.6x2.02x11.14x1.52% 34.39B
12.99x0.79x9.34x3.64% 12.65B
-16.84x0.64x8.28x-.--% 4.3B
16.94x0.73x9.09x3.32% 3.5B
14.75x - - 0.74% 2.26B
20.24x - - - 1.98B
-128.62x0.45x27.38x-.--% 1.78B
29.25x0.79x5.21x-.--% 818M
Average -0.03x 1.17x 12.65x 1.31% 23.23B
Weighted average by Cap. 27.65x 2.40x 16.08x 1.43%

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