Company Valuation: Norbit ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,830 1,696 3,419 6,147 11,944 10,621 - -
Change - -7.32% 101.58% 79.8% 94.33% -11.08% - -
Enterprise Value (EV) 1 2,103 2,016 3,624 6,496 12,464 11,237 11,171 11,056
Change - -4.15% 79.8% 79.24% 91.88% -9.85% -0.59% -1.03%
P/E 37.7x - 18.4x - 29.6x 21x 17.1x 14.2x
PBR 3.68x 5.21x 4.31x 5.16x 9.87x 9.11x 7.58x 8.05x
PEG - - - - - 0.8x 0.8x 0.7x
Capitalization / Revenue 2.32x 1.45x 2.25x 3.51x 4.77x 3.46x 2.94x 2.55x
EV / Revenue 2.67x 1.73x 2.39x 3.71x 4.98x 3.66x 3.1x 2.65x
EV / EBITDA 14.7x - 9.25x 13.7x 17.5x 12.9x 10.5x 8.89x
EV / EBIT 28.6x - 12.8x - 22.4x 16.6x 13.6x 11.3x
EV / FCF - - - - 46x 23.5x 23.5x 18.9x
FCF Yield - - - - 2.18% 4.25% 4.26% 5.3%
Dividend per Share 2 0.3 0.7 1.55 3 5 4.999 4.872 6.438
Rate of return 0.96% 2.43% 2.72% 3.11% 2.67% 3.01% 2.94% 3.88%
EPS 2 0.83 - 3.1 - 6.32 7.915 9.708 11.65
Distribution rate 36.1% - 50% - 79.1% 63.2% 50.2% 55.3%
Net sales 1 787.8 1,168 1,519 1,751 2,502 3,067 3,608 4,172
EBITDA 1 142.6 - 391.8 474 712.2 873.6 1,065 1,244
EBIT 1 73.51 - 284.2 - 555.4 676 821 976.1
Net income 1 47.9 - 185.3 - 404.3 506.2 621.4 745.5
Net Debt 1 273 319.7 205.5 349.2 519.6 615.7 549.9 435.3
Reference price 2 31.30 28.80 57.00 96.60 187.20 166.00 166.00 166.00
Nbr of stocks (in thousands) 58,459 58,884 59,974 63,629 63,806 63,981 - -
Announcement Date 2/15/22 2/15/23 2/15/24 2/13/25 2/11/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
397.35x86.57x336.13x - 35.17B
-105.46x8.57x-125.48x-.--% 5.35B
36.03x3.92x35.08x-.--% 2.73B
20.88x3.65x12.81x3.02% 1.13B
-81.91x20.43x-272.63x - 1.12B
Average 53.38x 24.63x -2.82x 1.01% 9.1B
Weighted average by Cap. 295.43x 68.76x 240.81x 0.37%

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