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 25,225 - -
Change - -26.33% 5.64% 39.49% 25.68% 4.43% - -
Enterprise Value (EV) 1 13,996 10,207 11,003 19,221 21,836 21,764 21,686 21,647
Change - -27.07% 7.8% 74.68% 13.61% -0.33% -0.36% -0.18%
P/E 18.6x 12x 12.9x 15.3x 15.5x 16.4x 15.5x 14.8x
PBR 6.24x 4.36x - 5.81x 6.55x 6.97x 6.77x 6.51x
PEG - 0.9x -5.22x 0.9x 0.7x -15.72x 2.67x 3.1x
Capitalization / Revenue 0.47x 0.34x 0.32x 0.46x 0.56x 0.55x 0.53x 0.51x
EV / Revenue 0.37x 0.26x 0.26x 0.46x 0.51x 0.48x 0.46x 0.44x
EV / EBITDA 6.13x 4.17x 4.48x 7.09x 6.99x 7.03x 6.81x 6.58x
EV / EBIT 10.3x 6.77x 7.81x 12x 10.8x 10.9x 10.5x 10x
EV / FCF 8.13x 10.4x 12x 10.1x 6.64x 12.3x 9.1x 9.08x
FCF Yield 12.3% 9.6% 8.36% 9.93% 15.1% 8.11% 11% 11%
Dividend per Share 2 7 7.75 7.9 9 11.25 11.25 11.5 12
Rate of return 5.29% 8.01% 7.73% 6.33% 6.3% 6.04% 6.18% 6.44%
EPS 2 7.1 8.1 7.9 9.3 11.5 11.38 12.04 12.62
Distribution rate 98.6% 95.7% 100% 96.8% 97.8% 98.9% 95.5% 95.1%
Net sales 1 37,592 38,658 43,146 41,403 43,143 45,747 47,544 49,175
EBITDA 1 2,282 2,446 2,454 2,712 3,126 3,096 3,186 3,292
EBIT 1 1,364 1,508 1,409 1,605 2,021 1,994 2,066 2,158
Net income 1 1,100 1,226 1,069 1,261 1,553 1,538 1,624 1,702
Net Debt 1 -3,709 -2,836 -2,776 - -2,320 -3,462 -3,540 -3,578
Reference price 2 132.40 96.80 102.20 142.20 178.60 186.20 186.20 186.20
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.($)
16.36x0.48x7.03x6.04% 2.61B
64.2x2.78x27.14x0.07% 93.08B
13.1x1.06x5.82x4.48% 70.85B
35.67x4.49x24.38x0.19% 60.8B
25.26x1.93x18.78x1.23% 54.57B
54.4x4.54x29.01x1.69% 44.99B
31.32x0.74x12.41x2.01% 37.16B
25.7x0.51x8.06x2.32% 32.85B
25.35x1.64x15.83x0.19% 33.01B
4.77x0.3x5.79x5.98% 28.25B
Average 29.61x 1.85x 15.42x 2.42% 45.82B
Weighted average by Cap. 34.75x 2.24x 17.86x 1.79%

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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