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 3,906 - -
Change - -2.51% -46.83% -60.75% -9.2% -4.79% - -
Enterprise Value (EV) 1 19,513 21,654 8,172 2,903 2,718 2,802 3,069 3,295
Change - 10.97% -62.26% -64.48% -6.35% 3.1% 9.51% 7.37%
P/E -13.2x -18.2x -13.3x -18x -3.19x -6.56x -10.4x -14x
PBR 4.38x - 1.84x 0.91x 1.02x 1.1x 1.17x 1.39x
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 5.14x 2.81x 2.56x
EV / Revenue 24.5x 21.8x 4.61x 1.94x 2.47x 3.69x 2.21x 2.16x
EV / EBITDA -41.1x -27.8x -17.2x -16.8x -9.89x -6.51x -16x -25.7x
EV / EBIT -33.5x -16.9x -11.7x -7.45x -1.99x -4.37x -7.18x -10.2x
EV / FCF -23.6x - -5.8x -3.52x -5x -6.48x -6.76x -22.5x
FCF Yield -4.24% - -17.2% -28.4% -20% -15.4% -14.8% -4.45%
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 2.125 2.125 2.125
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.($)
35.19x2.78x18.14x1.33% 153B
15.7x2.02x11.26x1.53% 34.53B
13.91x0.81x9.66x3.6% 13.09B
-14.66x0.58x7.29x-.--% 4.39B
16.92x0.73x9.08x3.33% 3.52B
15.28x - - 0.71% 2.36B
25.04x - - - 2.16B
-24.73x0.5x-102.93x-.--% 1.62B
24.04x0.77x4.99x-.--% 722M
Average 11.85x 1.17x -6.07x 1.31% 23.95B
Weighted average by Cap. 28.65x 2.43x 15.13x 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