Company Valuation: NOR4 GROU

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024
Market Cap 1 6,074 5,836 4,362 4,948
Change - -3.91% -25.25% 13.42%
Enterprise Value (EV) 1 6,837 6,910 5,612 6,498
Change - 1.07% -18.78% 15.78%
P/E 41.1x 42x 19.3x 28x
PBR 3.75x 3.37x 2.11x 2.16x
PEG -0.4x -6.8x 0.3x -1.3x
Capitalization / Revenue 3x 2.37x 1.38x 1.36x
EV / Revenue 3.38x 2.8x 1.78x 1.79x
EV / EBITDA 20.8x 17.9x 11.9x 11.8x
EV / EBIT 32.9x 28.3x 19x 21.5x
EV / FCF 24.4x 34.5x 22x 19.7x
FCF Yield 4.1% 2.9% 4.54% 5.07%
Dividend per Share 2 - - - -
Rate of return - - - -
EPS 2 0.81 0.76 1.24 0.97
Distribution rate - - - -
Net sales 1 2,025 2,466 3,152 3,631
EBITDA 1 328.1 386 470.8 548.9
EBIT 1 207.7 244.4 294.7 301.8
Net income 1 86 139.5 226.6 176.8
Net Debt 1 763.5 1,074 1,250 1,551
Reference price 2 33.28 31.95 23.90 27.18
Nbr of stocks (in thousands) 182,474 182,683 182,541 182,009
Announcement Date 4/25/22 4/24/23 4/22/24 4/30/25
1NOK in Million2NOK
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 700M
37.01x6.74x23.95x0.93% 81.25B
33.85x3.89x12.99x1.36% 17.54B
38.2x1.25x13.58x0.97% 16.98B
20.72x2.13x10.49x3.53% 14.56B
25.4x2.84x12.14x2.97% 12.1B
26.34x3.66x14.06x2.2% 8.38B
14.76x0.64x9.17x1.44% 6.74B
9.68x1.14x6.1x2.17% 5.76B
19.5x0.41x9.61x3.82% 5.55B
Average 25.05x 2.52x 12.45x 2.15% 16.96B
Weighted average by Cap. 31.64x 4.42x 17.60x 1.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA