Company Valuation: Veidekke ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,705 13,043 13,779 19,221 24,156 27,705 - -
Change - -26.33% 5.64% 39.49% 25.68% 14.69% - -
Enterprise Value (EV) 1 13,996 10,207 11,003 19,221 21,836 23,213 23,132 23,086
Change - -27.07% 7.8% 74.68% 13.61% 6.31% -0.35% -0.2%
P/E 18.6x 12x 12.9x 15.3x 15.5x 16.4x 16x 15.4x
PBR 6.24x 4.36x - 5.81x 6.55x 7.4x 7.14x 6.91x
PEG - 0.9x -5.22x 0.9x 0.7x 1.94x 7x 4.01x
Capitalization / Revenue 0.47x 0.34x 0.32x 0.46x 0.56x 0.59x 0.57x 0.55x
EV / Revenue 0.37x 0.26x 0.26x 0.46x 0.51x 0.5x 0.47x 0.46x
EV / EBITDA 6.13x 4.17x 4.48x 7.09x 6.99x 7.12x 7.02x 6.82x
EV / EBIT 10.3x 6.77x 7.81x 12x 10.8x 10.7x 10.6x 10.2x
EV / FCF 8.13x 10.4x 12x 10.1x 6.64x 7.1x 9.49x 9.44x
FCF Yield 12.3% 9.6% 8.36% 9.93% 15.1% 14.1% 10.5% 10.6%
Dividend per Share 2 7 7.75 7.9 9 11.25 11.75 12.25 12.75
Rate of return 5.29% 8.01% 7.73% 6.33% 6.3% 5.75% 5.99% 6.23%
EPS 2 7.1 8.1 7.9 9.3 11.5 12.47 12.76 13.24
Distribution rate 98.6% 95.7% 100% 96.8% 97.8% 94.2% 96% 96.3%
Net sales 1 37,592 38,658 43,146 41,403 43,143 46,602 48,744 50,496
EBITDA 1 2,282 2,446 2,454 2,712 3,126 3,260 3,294 3,385
EBIT 1 1,364 1,508 1,409 1,605 2,021 2,174 2,186 2,261
Net income 1 1,100 1,226 1,069 1,261 1,553 1,683 1,722 1,788
Net Debt 1 -3,709 -2,836 -2,776 - -2,320 -4,492 -4,572 -4,618
Reference price 2 132.40 96.80 102.20 142.20 178.60 204.50 204.50 204.50
Nbr of stocks (in thousands) 133,726 134,746 134,825 135,166 135,251 135,475 - -
Announcement Date 2/9/22 2/8/23 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.($)
16.36x0.5x7.1x5.76% 2.93B
63.05x2.86x27.37x0.06% 109B
13.2x1.12x6.11x4.43% 76.99B
38.82x4.91x26.64x0.17% 66.1B
27.29x2.09x20.49x1.11% 58.65B
56.72x4.51x28.53x1.59% 45.96B
30.46x0.75x12.43x2.03% 38.19B
26.33x1.81x16.66x0.18% 38.05B
25.39x0.52x8.21x2.32% 34.89B
4.44x0.3x5.96x6.34% 26.73B
Average 30.21x 1.94x 15.95x 2.4% 49.71B
Weighted average by Cap. 35.92x 2.37x 18.69x 1.71%

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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