Company Valuation: Nexen Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 254,902 247,803 220,791 216,008 231,951 308,958
Change - -2.79% -10.9% -2.17% 7.38% 33.2%
Enterprise Value (EV) 1 1,215,072 1,178,535 1,565,490 1,607,603 1,513,419 1,527,282
Change - -3.01% 32.83% 2.69% -5.86% 0.92%
P/E 25.5x 9.33x 13.8x 5.35x 2.99x 3.69x
PBR 0.25x 0.23x 0.2x 0.18x 0.19x 0.23x
PEG - 0x -0.4x 0x 0x 0.51x
Capitalization / Revenue 0.13x 0.1x 0.07x 0.07x 0.07x 0.09x
EV / Revenue 0.62x 0.49x 0.52x 0.53x 0.47x 0.43x
EV / EBITDA 4.54x 4.95x 8.47x 3.74x 3.31x 2.96x
EV / EBIT 19.5x 35.1x -69x 7.28x 7.24x 7.48x
EV / FCF 19.3x 19.1x -4.37x -27.8x -129x 19.4x
FCF Yield 5.19% 5.23% -22.9% -3.6% -0.78% 5.15%
Dividend per Share 2 85 100 110 125 135 175
Rate of return 1.84% 2.19% 2.68% 3% 2.95% 2.89%
EPS 2 181.8 488.6 297.6 778.3 1,530 1,642
Distribution rate 46.8% 20.5% 37% 16.1% 8.82% 10.7%
Net sales 1 1,968,536 2,403,881 3,003,950 3,036,062 3,214,304 3,586,518
EBITDA 1 267,702 238,065 184,757 429,706 457,751 516,450
EBIT 1 62,332 33,585 -22,698 220,858 209,036 204,180
Net income 1 10,884 28,841 17,469 41,636 85,907 91,194
Net Debt 1 960,169 930,731 1,344,699 1,391,595 1,281,468 1,218,324
Reference price 2 4,630.00 4,560.00 4,105.00 4,165.00 4,570.00 6,060.00
Nbr of stocks (in thousands) 56,122 55,262 54,482 52,910 51,867 51,867
Announcement Date 3/22/21 3/21/22 3/21/23 3/18/24 3/18/25 3/18/26
1KRW in Million2KRW
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.73x1.05x5.6x3.35% 31.63B
13.26x0.93x5.26x4.24% 23.73B
14.44x1.22x5.31x4.02% 7.98B
7.95x1.06x5.09x3.64% 6.44B
9.02x0.93x5.29x3.28% 5.76B
5.6x0.48x3.01x4.97% 5.53B
8x - - 3.8% 5.31B
23.53x1.49x11.49x0.2% 5.27B
15.32x - - 3.15% 4.91B
Average 12.32x 1.02x 5.86x 3.41% 10.73B
Weighted average by Cap. 12.84x 1.01x 5.61x 3.58%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Nexen Corporation

Historical PBR trend

Valuation ratios - PBR - Nexen Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Nexen Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Nexen Corporation