Company Valuation: Solstad Offshore ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 412.8 2,729 3,047 3,296 3,566 5,789 - -
Change - 561.06% 11.65% 8.16% 8.2% 62.36% - -
Enterprise Value (EV) 1 412.8 23,369 16,988 7,924 6,454 9,338 8,501 7,726
Change - 5,560.8% -27.31% -53.36% -18.54% 44.68% -8.96% -9.12%
P/E -0.36x -2.44x 5.95x 2.59x 2.65x 4.67x 5.7x 5.87x
PBR - - 1.55x 1.03x 0.88x 1.15x 1.01x 0.92x
PEG - 0.57x -0x 0x 0.45x -0.58x -0.3x -1.98x
Capitalization / Revenue - 0.42x 0.44x 1.18x 1.3x 1.59x 1.68x 1.63x
EV / Revenue - 3.6x 2.45x 2.84x 2.35x 2.56x 2.47x 2.17x
EV / EBITDA - 12.2x 5.25x 5.75x 5.4x 7.29x 7.35x 5.48x
EV / EBIT - 18.2x 7.45x 12.2x 7.24x 11.3x 12.3x 8.21x
EV / FCF - - - -34.3x 4.8x 9.02x -44.2x 6.6x
FCF Yield - - - -2.92% 20.8% 11.1% -2.26% 15.2%
Dividend per Share 2 - - - - - 4.636 7.086 7.856
Rate of return - - - - - 6.59% 10.1% 11.2%
EPS 2 -15.13 -14.48 6.22 15.45 16.37 15.06 12.33 11.97
Distribution rate - - - - - 30.8% 57.5% 65.7%
Net sales 1 - 6,493 6,924 2,791 2,750 3,652 3,440 3,555
EBITDA 1 - 1,911 3,236 1,379 1,195 1,281 1,156 1,410
EBIT 1 - 1,283 2,279 648 891.5 827.8 689.3 941.3
Net income 1 -1,102 -1,109 480.1 1,283 1,350 1,228 1,009 976.6
Net Debt 1 - 20,640 13,941 4,628 2,889 3,549 2,712 1,937
Reference price 2 5.46 35.30 37.00 40.02 43.30 70.30 70.30 70.30
Nbr of stocks (in thousands) 75,609 77,308 82,347 82,347 82,347 82,347 - -
Announcement Date 4/22/22 2/23/23 2/29/24 2/12/25 2/12/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
4.67x2.56x7.29x6.59% 623M
13.94x1.29x5.44x6.52% 10.4B
16.78x0.2x2.82x3.2% 5.99B
36.51x1.1x8.81x1.7% 3.36B
13.72x2.21x3.68x4.2% 2.87B
34.42x1.86x8.33x1.45% 2.59B
6.83x0.41x4.64x18.12% 2.22B
16.54x1.24x3.15x2.11% 928M
4.87x0.75x1.22x5.96% 760M
Average 16.48x 1.29x 5.04x 5.54% 3.3B
Weighted average by Cap. 17.95x 1.13x 5.17x 5.35%

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

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  4. Valuation Solstad Offshore ASA