Company Valuation: Orkla ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 88,000 70,737 78,651 98,263 111,353 101,366 - -
Change - -19.62% 11.19% 24.94% 13.32% -8.97% - -
Enterprise Value (EV) 1 101,207 88,337 98,434 115,156 126,051 118,069 117,147 117,298
Change - -12.72% 11.43% 16.99% 9.46% -6.33% -0.78% 0.13%
P/E 18.3x 14.1x 15.1x 16.2x 9.8x 16.2x 15.3x 14.3x
PBR 2.29x 1.7x 1.74x 2.04x 2.3x 2.27x 2.18x 2.03x
PEG - 3.09x 4.48x 1x 0.1x -0.4x 2.65x 2.02x
Capitalization / Revenue 1.74x 1.21x 1.16x 1.39x 1.56x 1.41x 1.37x 1.32x
EV / Revenue 2.01x 1.51x 1.45x 1.63x 1.76x 1.64x 1.58x 1.53x
EV / EBITDA 12.3x 9.14x 10.3x 10.7x 12.8x 11.6x 11x 10.5x
EV / EBIT 17.7x 12.8x 15.8x 15.7x 17.8x 16x 14.8x 14x
EV / FCF 27x 36x 22.7x 15x 18.5x 18.3x 18.9x 16.2x
FCF Yield 3.7% 2.78% 4.4% 6.66% 5.42% 5.47% 5.28% 6.16%
Dividend per Share 2 3 3 3 4 6 5.011 4.668 5.074
Rate of return 3.4% 4.23% 3.81% 4.07% 5.33% 4.75% 4.43% 4.81%
EPS 2 4.82 5.04 5.21 6.06 11.48 6.521 6.897 7.386
Distribution rate 62.2% 59.5% 57.6% 66% 52.3% 76.8% 67.7% 68.7%
Net sales 1 50,441 58,391 67,797 70,656 71,547 71,832 74,057 76,736
EBITDA 1 8,232 9,668 9,578 10,744 9,818 10,158 10,642 11,120
EBIT 1 5,730 6,897 6,234 7,351 7,086 7,393 7,914 8,366
Net income 1 4,808 5,019 5,196 6,057 11,473 6,404 6,728 7,171
Net Debt 1 13,207 17,600 19,783 16,893 14,698 16,702 15,780 15,931
Reference price 2 88.36 70.94 78.84 98.35 112.50 105.40 105.40 105.40
Nbr of stocks (in thousands) 995,929 997,144 997,605 999,118 989,802 961,731 - -
Announcement Date 2/10/22 2/14/23 2/8/24 2/13/25 2/12/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.58x1.25x7.99x4.51% 4.06B
18.4x1.38x10.82x4.32% 1.67B
8.73x1.17x7.16x6.4% 1.67B
11.2x - - - 1.12B
8.25x0.43x4.66x3.47% 616M
34.6x1.34x12.09x0.13% 429M
Average 16.13x 1.12x 8.54x 3.77% 1.59B
Weighted average by Cap. 14.75x 1.21x 8.35x 4.55%

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