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 88,191 - -
Change - -19.62% 11.19% 24.94% 13.32% -20.8% - -
Enterprise Value (EV) 1 101,207 88,337 98,434 115,156 126,051 105,933 105,747 104,987
Change - -12.72% 11.43% 16.99% 9.46% -15.96% -0.18% -0.72%
P/E 18.3x 14.1x 15.1x 16.2x 9.8x 14x 13.3x 12.5x
PBR 2.29x 1.7x 1.74x 2.04x 2.3x 1.98x 1.9x 1.78x
PEG - 3.09x 4.48x 1x 0.1x -0.3x 2.72x 1.86x
Capitalization / Revenue 1.74x 1.21x 1.16x 1.39x 1.56x 1.25x 1.21x 1.17x
EV / Revenue 2.01x 1.51x 1.45x 1.63x 1.76x 1.5x 1.46x 1.4x
EV / EBITDA 12.3x 9.14x 10.3x 10.7x 12.8x 10.6x 10.2x 9.67x
EV / EBIT 17.7x 12.8x 15.8x 15.7x 17.8x 14.4x 13.6x 12.8x
EV / FCF 27x 36x 22.7x 15x 18.5x 16.1x 16.9x 14.4x
FCF Yield 3.7% 2.78% 4.4% 6.66% 5.42% 6.19% 5.93% 6.92%
Dividend per Share 2 3 3 3 4 6 4.987 4.643 5.054
Rate of return 3.4% 4.23% 3.81% 4.07% 5.33% 5.44% 5.06% 5.51%
EPS 2 4.82 5.04 5.21 6.06 11.48 6.567 6.888 7.351
Distribution rate 62.2% 59.5% 57.6% 66% 52.3% 75.9% 67.4% 68.8%
Net sales 1 50,441 58,391 67,797 70,656 71,547 70,590 72,605 75,227
EBITDA 1 8,232 9,668 9,578 10,744 9,818 10,002 10,413 10,859
EBIT 1 5,730 6,897 6,234 7,351 7,086 7,352 7,754 8,173
Net income 1 4,808 5,019 5,196 6,057 11,473 6,378 6,521 6,910
Net Debt 1 13,207 17,600 19,783 16,893 14,698 17,742 17,556 16,796
Reference price 2 88.36 70.94 78.84 98.35 112.50 91.70 91.70 91.70
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.66x2.7x13.49x4.2% 232B
18.1x2.36x14.09x3.54% 74.27B
15.92x1.67x9.48x3.97% 42.8B
14.9x0.53x9.56x2.59% 38.77B
19.39x2.97x12.07x3.6% 32.19B
35.68x3.08x17.97x1.04% 31.54B
25.03x5.24x16.69x3.35% 28.38B
-7.82x1.76x8.76x7.23% 26.31B
Average 17.61x 2.54x 12.77x 3.69% 63.28B
Weighted average by Cap. 18.60x 2.53x 13.06x 3.83%

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