Company Valuation: North Energy ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 299 314.2 248.6 242.7 295.5 293.1
Change - 5.1% -20.9% -2.36% 21.74% -0.79%
Enterprise Value (EV) 1 -10.3 123.3 116.3 152.3 166.8 194.3
Change - 1,297.54% -5.67% 30.97% 9.52% 16.45%
P/E 2.45x -11.2x -19x 9.86x 5.09x -7.29x
PBR 0.74x 0.98x 0.81x 0.76x 0.8x 0.95x
PEG - 0x 0.4x -0x 0x 0x
Capitalization / Revenue 2,670x 1,765x 2,200x 3,371x 3,283x 3,257x
EV / Revenue -91.9x 693x 1,029x 2,116x 1,854x 2,159x
EV / EBITDA 0.61x -4.34x -7.8x -8.13x -6.62x -6.74x
EV / EBIT 0.58x -4.34x -7.78x -8.11x -6.61x -6.74x
EV / FCF 1.3x -17.5x -6.46x -11.1x -14.6x -10.3x
FCF Yield 77% -5.72% -15.5% -8.98% -6.83% -9.71%
Dividend per Share 2 0.45 - 0.1 0.1 0.15 0.13
Rate of return 17.6% - 4.72% 4.83% 5.95% 5.2%
EPS 2 1.04 -0.24 -0.1115 0.21 0.4956 -0.3427
Distribution rate 43.3% - -89.7% 47.6% 30.3% -37.9%
Net sales 1 0.112 0.178 0.113 0.072 0.09 0.09
EBITDA 1 -16.94 -28.41 -14.9 -18.74 -25.19 -28.81
EBIT 1 -17.78 -28.43 -14.95 -18.79 -25.23 -28.82
Net income 1 122 -27.83 -13.07 24.62 58.1 -40.18
Net Debt 1 -309.3 -190.9 -132.3 -90.39 -128.6 -98.85
Reference price 2 2.550 2.680 2.120 2.070 2.520 2.500
Nbr of stocks (in thousands) 117,252 117,252 117,252 117,252 117,252 117,252
Announcement Date 3/22/21 3/24/22 4/2/23 3/20/24 3/19/25 3/23/26
1NOK in Million2NOK
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.79x2.25x10.29x2.3% 75.87B
19.63x2.41x13.5x1.61% 56.83B
23.5x2.56x12.63x0.28% 28.24B
14.03x1.48x8.06x2.02% 28.03B
26.87x0.5x4.33x3.88% 9.49B
22.45x0.84x7.33x1.93% 7.15B
7.1x1.5x5.9x2.98% 6.99B
9.12x - - 4.18% 5.99B
29.36x5.74x10.33x3.41% 5.94B
Average 19.20x 2.16x 9.05x 2.51% 24.95B
Weighted average by Cap. 19.79x 2.18x 10.64x 1.99%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


-40%: Exceptional extension
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