Projected Income Statement: Scatec ASA

Forecast Balance Sheet: Scatec ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 14,949 19,578 23,284 24,639 25,663 29,485 39,530 41,946
Change - 30.97% 18.93% 5.82% 4.16% 14.89% 34.07% 6.11%
Announcement Date 2/3/22 2/3/23 1/26/24 1/31/25 1/30/26 - - -
1NOK in Million
Estimates

Cash Flow Forecast: Scatec ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 967 1,986 8,786 3,268 6,029 7,814 17,755 8,997
Change - 105.38% 342.4% -62.8% 84.49% 29.61% 127.21% -49.33%
Free Cash Flow (FCF) 1 10,153 -1,230 -4,961 -140 -3,569 -4,981 -13,042 -753.1
Change - -112.11% -303.33% 97.18% -2,449.29% -39.55% -161.85% 94.23%
Announcement Date 2/3/22 2/3/23 1/26/24 1/31/25 1/30/26 - - -
1NOK in Million
Estimates

Forecast Financial Ratios: Scatec ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 76.33% 68.12% 75.56% 82.46% 76.61% 75.51% 74.98% 73.45%
EBIT Margin (%) 52.91% 19.27% 55.6% 62.78% 54.31% 48.42% 52.22% 52.67%
EBT Margin (%) 11.99% -29.19% 21.35% 22.27% 20.52% 9.87% 19.6% 24.53%
Net margin (%) 10.2% -35.56% 13.3% 19.91% 19.95% 8.26% 16.69% 19.92%
FCF margin (%) 266.97% -32.79% -105.08% -2.13% -68.14% -89.52% -162.21% -7.23%
FCF / Net Income (%) 2,616.75% 92.2% -789.97% -10.7% -341.53% -1,083.92% -971.61% -36.27%

Profitability

        
ROA 1.3% -3.82% 1.6% 2.99% - - - -
ROE 4.3% -15.22% 7.41% 13.55% 10.09% 5.18% 9.65% 14.64%

Financial Health

        
Leverage (Debt/EBITDA) 5.15x 7.66x 6.53x 4.55x 6.39x 7.02x 6.56x 5.48x
Debt / Free cash flow 1.47x -15.92x -4.69x -175.99x -7.19x -5.92x -3.03x -55.7x

Capital Intensity

        
CAPEX / Current Assets (%) 25.43% 52.95% 186.1% 49.71% 115.1% 140.44% 220.83% 86.32%
CAPEX / EBITDA (%) 33.31% 77.73% 246.31% 60.28% 150.24% 186% 294.51% 117.52%
CAPEX / FCF (%) 9.52% -161.46% -177.1% -2,334.29% -168.93% -156.89% -136.14% -1,194.65%

Items per share

        
Cash flow per share 1 12.96 4.758 24.07 19.69 15.4 20.8 46.3 70.3
Change - -63.28% 405.95% -18.2% -21.81% 35.1% 122.6% 51.84%
Dividend per Share 1 2.54 1.94 - - - 0.09 0.53 0.962
Change - -23.62% - - - - 488.89% 81.51%
Book Value Per Share 1 58.34 52 54.67 66.88 63.51 65.08 74.72 86.79
Change - -10.86% 5.13% 22.34% -5.05% 2.49% 14.8% 16.16%
EPS 1 2.43 -8.4 3.95 8.24 6.54 2.88 8.438 13.05
Change - -445.68% 147.02% 108.61% -20.63% -55.96% 192.97% 54.71%
Nbr of stocks (in thousands) 158,792 158,756 158,917 159,028 158,917 159,849 159,849 159,849
Announcement Date 2/3/22 2/3/23 1/26/24 1/31/25 1/30/26 - - -
1NOK
Estimates
2026 *2027 *
P/E 33.6x 11.5x
PBR 1.49x 1.29x
EV / Sales 8.08x 6.84x
Yield 0.09% 0.55%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
96.75NOK
Average target price
131.75NOK
Spread / Average Target
+36.18%

Quarterly revenue - Rate of surprise