Delayed
LIQUIDNET SYSTEMS
|
5-day change
|
1st Jan Change
|
- NOK
|
-.--%
|
|
-.--%
|
-.--%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
6,174
|
3,456
|
9,982
|
6,830
|
10,310
|
13,302
|
-
|
-
|
Enterprise Value (EV)
1 |
64,456
|
43,678
|
11,664
|
9,156
|
14,858
|
16,221
|
13,603
|
11,920
|
P/E ratio
|
-3
x
|
-0.09
x
|
6.32
x
|
8.25
x
|
6.96
x
|
7.17
x
|
6.6
x
|
6.29
x
|
Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization / Revenue
|
0.14
x
|
0.38
x
|
1.97
x
|
0.36
x
|
0.4
x
|
0.42
x
|
0.4
x
|
0.36
x
|
EV / Revenue
|
1.48
x
|
4.8
x
|
2.3
x
|
0.49
x
|
0.58
x
|
0.51
x
|
0.41
x
|
0.32
x
|
EV / EBITDA
|
9.97
x
|
-25
x
|
-5.18
x
|
7.34
x
|
2.57
x
|
2.21
x
|
1.75
x
|
1.4
x
|
EV / FCF
|
5.67
x
|
34.4
x
|
2.22
x
|
5.57
x
|
3.12
x
|
2.31
x
|
3.15
x
|
2.81
x
|
FCF Yield
|
17.6%
|
2.91%
|
45.1%
|
18%
|
32.1%
|
43.3%
|
31.8%
|
35.6%
|
Price to Book
|
1.5
x
|
-0.52
x
|
3.07
x
|
1.63
x
|
1.79
x
|
1.67
x
|
1.31
x
|
1.2
x
|
Nbr of stocks (in thousands)
|
1,636
|
39,749
|
928,518
|
929,990
|
961,771
|
963,880
|
-
|
-
|
Reference price
2 |
3,775
|
86.94
|
10.75
|
7.344
|
10.72
|
13.80
|
13.80
|
13.80
|
Announcement Date
|
20-02-13
|
21-02-26
|
22-02-18
|
23-02-16
|
24-02-16
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
43,522
|
9,096
|
5,068
|
18,869
|
25,539
|
31,853
|
33,353
|
36,867
|
EBITDA
1 |
6,468
|
-1,750
|
-2,254
|
1,247
|
5,789
|
7,336
|
7,791
|
8,485
|
EBIT
1 |
856
|
-10,953
|
-3,524
|
1,495
|
2,267
|
2,960
|
3,041
|
3,050
|
Operating Margin
|
1.97%
|
-120.42%
|
-69.53%
|
7.92%
|
8.88%
|
9.29%
|
9.12%
|
8.27%
|
Earnings before Tax (EBT)
1 |
-1,688
|
-22,133
|
1,876
|
1,046
|
1,804
|
2,414
|
2,691
|
3,200
|
Net income
1 |
-1,615
|
-23,051
|
1,870
|
1,006
|
1,737
|
2,002
|
2,208
|
2,475
|
Net margin
|
-3.71%
|
-253.43%
|
36.91%
|
5.33%
|
6.8%
|
6.28%
|
6.62%
|
6.71%
|
EPS
2 |
-1,260
|
-1,022
|
1.700
|
0.8900
|
1.540
|
1.926
|
2.091
|
2.195
|
Free Cash Flow
1 |
11,370
|
1,271
|
5,257
|
1,644
|
4,762
|
7,022
|
4,320
|
4,247
|
FCF margin
|
26.13%
|
13.98%
|
103.74%
|
8.71%
|
18.65%
|
22.05%
|
12.95%
|
11.52%
|
FCF Conversion (EBITDA)
|
175.8%
|
-
|
-
|
131.86%
|
82.26%
|
95.72%
|
55.45%
|
50.05%
|
FCF Conversion (Net income)
|
-
|
-
|
281.06%
|
163.49%
|
274.19%
|
350.77%
|
195.65%
|
171.6%
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
20-02-13
|
21-02-26
|
22-02-18
|
23-02-16
|
24-02-16
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
2,550
|
1,916
|
4,868
|
7,116
|
4,969
|
3,975
|
6,871
|
8,776
|
5,917
|
6,144
|
9,318
|
11,067
|
7,559
|
-
|
-
|
EBITDA
1 |
-86.9
|
-
|
-
|
1,569
|
349.4
|
-154.5
|
1,568
|
3,150
|
1,170
|
427.1
|
2,077
|
3,726
|
1,400
|
-
|
-
|
EBIT
1 |
-463.7
|
-833
|
1,354
|
1,074
|
-99.9
|
-916.5
|
700.7
|
2,179
|
298.4
|
-636.6
|
852
|
2,447
|
376
|
-
|
-
|
Operating Margin
|
-18.19%
|
-43.48%
|
27.81%
|
15.1%
|
-2.01%
|
-23.06%
|
10.2%
|
24.83%
|
5.04%
|
-10.36%
|
9.14%
|
22.11%
|
4.97%
|
-
|
-
|
Earnings before Tax (EBT)
1 |
117.4
|
-1,031
|
1,248
|
909.7
|
-80.3
|
-991.6
|
538
|
2,050
|
207.8
|
-903.4
|
774.5
|
2,447
|
126.5
|
-624.8
|
712.9
|
Net income
1 |
111.8
|
-1,034
|
1,248
|
909.7
|
-118.9
|
-992.8
|
537.9
|
2,039
|
152.8
|
-936.1
|
680.6
|
2,169
|
47.45
|
-487.4
|
556.1
|
Net margin
|
4.38%
|
-53.95%
|
25.64%
|
12.78%
|
-2.39%
|
-24.98%
|
7.83%
|
23.24%
|
2.58%
|
-15.24%
|
7.3%
|
19.6%
|
0.63%
|
-
|
-
|
EPS
2 |
0.1000
|
-1.100
|
-
|
0.8000
|
-0.1600
|
-1.070
|
0.4800
|
1.810
|
0.1300
|
-0.9700
|
0.5892
|
1.743
|
-0.0372
|
-0.4310
|
0.4918
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
22-02-18
|
22-05-13
|
22-08-25
|
22-10-25
|
23-02-16
|
23-05-11
|
23-08-24
|
23-11-02
|
24-02-16
|
24-04-24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
58,282
|
40,222
|
1,683
|
2,326
|
4,548
|
2,919
|
302
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1,382
|
Leverage (Debt/EBITDA)
|
9.011
x
|
-22.98
x
|
-0.7466
x
|
1.866
x
|
0.7855
x
|
0.3979
x
|
0.0387
x
|
-
|
Free Cash Flow
1 |
11,370
|
1,271
|
5,257
|
1,644
|
4,762
|
7,022
|
4,320
|
4,247
|
ROE (net income / shareholders' equity)
|
-55.8%
|
-
|
-
|
26.9%
|
34.8%
|
27.9%
|
23.3%
|
20.1%
|
ROA (Net income/ Total Assets)
|
-2.29%
|
-34.2%
|
5.47%
|
4.85%
|
6.53%
|
6.03%
|
5.4%
|
6.19%
|
Assets
1 |
70,665
|
67,448
|
34,190
|
20,747
|
26,610
|
33,179
|
40,900
|
39,989
|
Book Value Per Share
2 |
2,520
|
-167.0
|
3.500
|
4.500
|
6.000
|
8.280
|
10.50
|
11.50
|
Cash Flow per Share
2 |
2,375
|
-
|
-
|
2.160
|
4.670
|
5.480
|
6.600
|
-
|
Capex
1 |
-
|
-
|
6.1
|
782
|
495
|
1,352
|
2,162
|
2,250
|
Capex / Sales
|
-
|
-
|
0.12%
|
4.14%
|
1.94%
|
4.24%
|
6.48%
|
6.1%
|
Announcement Date
|
20-02-13
|
21-02-26
|
22-02-18
|
23-02-16
|
24-02-16
|
-
|
-
|
-
|
Last Close Price
13.8
NOK Average target price
19.01
NOK Spread / Average Target +37.78% Consensus |
1st Jan change
|
Capi.
|
---|
| +21.10% | 31.44B | | -12.08% | 20.31B | | +43.93% | 19.73B | | +2.59% | 17.73B | | +20.43% | 16.34B | | -21.46% | 14.31B | | +36.37% | 13.15B | | -6.65% | 12.57B | | +1.80% | 10.72B |
Other Airlines
|