Company Valuation: NRC Group ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,748 1,050 776.1 816 1,633 1,553 - -
Change - -39.9% -26.11% 5.14% 100.08% -4.86% - -
Enterprise Value (EV) 1 2,640 2,000 1,537 1,438 2,385 2,262 2,114 2,002
Change - -24.22% -23.16% -6.45% 65.83% -5.15% -6.54% -5.32%
P/E -63.3x -2.89x 21x -0.45x 67.6x 19.2x 10.8x 9.06x
PBR 0.67x 0.45x 0.32x 0.48x 0.92x 0.87x 0.81x 0.76x
PEG - -0x -0x 0x -1x 0x 0.1x 0.5x
Capitalization / Revenue 0.29x 0.15x 0.12x 0.12x 0.25x 0.23x 0.22x 0.2x
EV / Revenue 0.44x 0.28x 0.23x 0.21x 0.36x 0.33x 0.29x 0.26x
EV / EBITDA 7.86x 5.97x 4.63x 14.1x 6.79x 5.77x 4.74x 4.14x
EV / EBIT 35.2x 17.9x 12.7x -15.5x 17.5x 11.6x 8.19x 6.86x
EV / FCF 7.93x 10.6x - -79.9x 35.1x 8.92x 5.11x 4.64x
FCF Yield 12.6% 9.4% - -1.25% 2.85% 11.2% 19.6% 21.6%
Dividend per Share 2 - - - - - 0.0833 0.35 0.425
Rate of return - - - - - 0.93% 3.89% 4.72%
EPS 2 -0.38 -4.99 0.51 -10.54 0.14 0.4677 0.8309 0.9936
Distribution rate - - - - - 17.8% 42.1% 42.8%
Net sales 1 5,957 7,030 6,732 6,892 6,553 6,845 7,190 7,585
EBITDA 1 336 335 332 102 351 392.2 445.8 483
EBIT 1 75 112 121 -93 136 194.8 258.2 291.6
Net income 1 -26 -363 38 -1,000 25 81.07 143.6 171.8
Net Debt 1 892 950 761 622 752 708.7 560.7 448.2
Reference price 2 24.050 14.420 10.700 4.750 9.460 9.000 9.000 9.000
Nbr of stocks (in thousands) 72,672 72,838 72,536 171,798 172,597 172,597 - -
Announcement Date 2/16/22 2/21/23 2/27/24 2/12/25 2/17/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
53.83x2.46x23.54x0.07% 92.72B
13.14x1.11x6.08x4.45% 77.15B
27.07x2.07x20.35x1.12% 58.33B
33.26x4.18x22.68x0.2% 56.77B
53.03x4.25x27.03x1.68% 43.2B
29.52x0.73x12.04x2.1% 37.22B
24.31x0.5x7.85x2.43% 33.61B
23.31x1.59x14.68x0.2% 33.68B
4.56x0.3x6.01x6.17% 27.53B
Average 29.12x 1.91x 15.58x 2.05% 51.14B
Weighted average by Cap. 31.70x 2.09x 16.66x 1.81%

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