Stock VAR VAR ENERGI
Add to a list
To use this feature you must be a member
Log inSign up

Financials Var Energi

Equities

VAR

NO0011202772

Oil & Gas Exploration and Production

Market Closed - Oslo Bors
Other stock markets
 10:45:00 2024-06-21 EDT 		5-day change 1st Jan Change
35.93 NOK -1.94% Intraday chart for Var Energi +6.11% +11.72%
07:20am Rex International Unit Secures CO2 Storage License in North Sea MT
06-20 Vår Energi, Partners Granted Iroko Carbon Storage License in North Sea MT

Valuation

Fiscal Period: December 2022 2023 2024 2025 2026
Capitalization 1 8,562 7,898 8,510 - -
Enterprise Value (EV) 1 11,070 10,309 13,765 12,745 13,016
P/E ratio 9.03 x 13.2 x 10.1 x 6.92 x 7.34 x
Yield 9.04% 13.9% 12.5% 13% 12.4%
Capitalization / Revenue 0.87 x 1.15 x 1.06 x 0.86 x 0.88 x
EV / Revenue 1.13 x 1.51 x 1.71 x 1.28 x 1.35 x
EV / EBITDA 1.42 x 1.89 x 2.18 x 1.55 x 1.64 x
EV / FCF 3.5 x 13.2 x -32.8 x 6.38 x 12.5 x
FCF Yield 28.6% 7.56% -3.05% 15.7% 8.01%
Price to Book 5.7 x 4.47 x 6.15 x 5.39 x 4.97 x
Nbr of stocks (in thousands) 2,496,406 2,496,406 2,496,406 - -
Reference price 2 3.430 3.164 3.476 3.476 3.476
Announcement Date 2/16/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,225 6,073 9,828 6,850 8,065 9,950 9,655
EBITDA 1 - 4,672 7,817 5,466 6,318 8,197 7,924
EBIT 1 - 2,910 6,369 4,043 4,399 5,743 5,392
Operating Margin - 47.91% 64.81% 59.02% 54.54% 57.72% 55.84%
Earnings before Tax (EBT) 1 - - 5,856 3,357 4,080 5,540 5,198
Net income 1 -664.1 - 936.4 610.2 843.6 1,243 1,183
Net margin -20.59% - 9.53% 8.91% 10.46% 12.49% 12.26%
EPS 2 - - 0.3800 0.2400 0.3436 0.5024 0.4737
Free Cash Flow 1 - 1,854 3,166 779.2 -420.2 1,996 1,042
FCF margin - 30.53% 32.21% 11.38% -5.21% 20.06% 10.79%
FCF Conversion (EBITDA) - 39.68% 40.5% 14.26% - 24.36% 13.15%
FCF Conversion (Net income) - - 338.08% 127.7% - 160.62% 88.06%
Dividend per Share 2 - 0.2500 0.3100 0.4400 0.4356 0.4534 0.4310
Announcement Date 5/21/21 3/1/22 2/16/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,491 2,437 2,526 2,374 2,094 1,436 1,621 1,699 1,956 2,039 1,938 2,106 2,273 2,287
EBITDA 1 2,105 2,003 2,372 1,864 1,773 1,101 1,260 1,332 1,556 1,619 1,530 1,726 1,844 1,843
EBIT 1 1,674 1,674 1,454 1,531 1,432 777.8 907.1 925.6 1,054 1,096 1,047 1,170 1,287 1,265
Operating Margin 67.22% 68.7% 57.53% 64.5% 68.41% 54.15% 55.97% 54.49% 53.88% 53.75% 54.04% 55.55% 56.62% 55.31%
Earnings before Tax (EBT) 1 1,651 1,214 1,161 1,793 1,276 701.4 919.8 459.6 850 1,059 981.4 1,153 1,208 1,183
Net income 1 414.2 56.44 -30.17 488 195 98.1 188.5 128.6 100.1 238.9 222.5 255.2 266 260
Net margin 16.63% 2.32% -1.19% 20.56% 9.31% 6.83% 11.63% 7.57% 5.12% 11.71% 11.48% 12.12% 11.7% 11.37%
EPS 2 0.1700 0.0200 -0.0100 0.2000 0.0800 0.0400 0.0800 0.0500 0.0400 0.0954 0.0880 0.1135 0.1100 0.1000
Dividend per Share 2 0.0900 0.0900 0.1000 0.1200 0.1200 0.1100 0.1076 0.1100 0.1100 0.1080 0.1070 0.1070 0.1000 0.1000
Announcement Date 4/27/22 7/26/22 10/25/22 2/16/23 4/24/23 7/25/23 10/24/23 2/13/24 4/23/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 4,928 2,508 2,412 5,255 4,235 4,507
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - 1.055 x 0.3208 x 0.4412 x 0.8318 x 0.5167 x 0.5687 x
Free Cash Flow 1 - 1,854 3,166 779 -420 1,996 1,042
ROE (net income / shareholders' equity) - - 62.5% 37.6% 54% 81.4% 66.2%
ROA (Net income/ Total Assets) - - 4.85% 3.2% 4.33% 6.01% 5.42%
Assets 1 - - 19,307 19,043 19,482 20,664 21,831
Book Value Per Share 2 - - 0.6000 0.7100 0.5600 0.6500 0.7000
Cash Flow per Share 2 - - - 1.350 1.480 1.540 1.420
Capex 1 - 2,585 2,516 2,641 3,097 2,611 2,548
Capex / Sales - 42.56% 25.6% 38.56% 38.4% 26.25% 26.39%
Announcement Date 5/21/21 3/1/22 2/16/23 2/13/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Var Energi

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
3.476 USD
Average target price
4.015 USD
Spread / Average Target
+15.50%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Oil Exploration & Production - Offshore

1st Jan change Capi.
VAR ENERGI Stock Var Energi
+11.72% 8.68B
OIL AND NATURAL GAS CORPORATION LIMITED Stock Oil and Natural Gas Corporation Limited
+31.50% 40.89B
AKER ASA Stock Aker ASA
-9.76% 4.24B
ISRAMCO NEGEV 2 LIMITED PARTNERSHIP Stock Isramco Negev 2 Limited Partnership
+0.86% 1.06B
SABLE OFFSHORE CORP. Stock Sable Offshore Corp.
+26.78% 871M
SINO GEOPHYSICAL CO., LTD Stock Sino Geophysical Co., Ltd
-12.48% 598M
OKEA ASA Stock OKEA ASA
-11.20% 238M
MERMAID MARITIME Stock Mermaid Maritime
+108.42% 186M
COHEN DEVELOPMENT GAS & OIL LTD. Stock Cohen Development Gas & Oil Ltd.
-7.45% 180M
AFRICA ENERGY CORP. Stock Africa Energy Corp.
-10.53% 97.62M
Oil Exploration & Production - Offshore
  1. Stock Market
  2. Equities
  3. VAR Stock
  4. Financials Var Energi