Financials Volue ASA

Equities

VOLUE

NO0010894603

Software

Real-time Oslo Bors 10:19:13 2024-07-03 EDT 5-day change 1st Jan Change
29.75 NOK -1.16% Intraday chart for Volue ASA +3.48% +40.00%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,222 8,402 4,050 3,057 4,330 - -
Enterprise Value (EV) 1 6,782 8,016 3,624 3,448 5,208 5,181 4,858
P/E ratio 66.2 x 307 x 217 x 85 x 35.8 x 22.7 x 17.3 x
Yield - - - - - - -
Capitalization / Revenue 8.1 x 8.08 x 3.33 x 2.09 x 2.55 x 2.18 x 1.86 x
EV / Revenue 7.6 x 7.71 x 2.98 x 2.36 x 3.06 x 2.61 x 2.09 x
EV / EBITDA 45.8 x 37.5 x 17.9 x 12.9 x 12.4 x 9.49 x 7.18 x
EV / FCF 90.4 x 397 x 57.5 x -13.1 x 63.8 x 32.5 x 14.1 x
FCF Yield 1.11% 0.25% 1.74% -7.66% 1.57% 3.07% 7.08%
Price to Book 9.77 x 11 x 5.01 x 3.6 x 5.21 x 4.51 x 3.72 x
Nbr of stocks (in thousands) 143,578 143,870 143,870 143,870 143,853 - -
Reference price 2 50.30 58.40 28.15 21.25 30.10 30.10 30.10
Announcement Date 21-02-12 22-02-10 23-02-10 24-02-09 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 891.9 1,040 1,217 1,463 1,700 1,988 2,322
EBITDA 1 148 214 203 267 420 546 677
EBIT 1 81.96 122 97 139 207 246 282
Operating Margin 9.19% 11.73% 7.97% 9.5% 12.18% 12.38% 12.14%
Earnings before Tax (EBT) 1 75.33 42 36 67 158 244.5 320.5
Net income 1 82.23 29 27 45 85.5 127 180
Net margin 9.22% 2.79% 2.22% 3.08% 5.03% 6.39% 7.75%
EPS 2 0.7600 0.1900 0.1300 0.2500 0.8400 1.325 1.735
Free Cash Flow 1 75.01 20.17 63 -264 81.6 159.2 344
FCF margin 8.41% 1.94% 5.18% -18.05% 4.8% 8.01% 14.81%
FCF Conversion (EBITDA) 50.69% 9.43% 31.03% - 19.43% 29.17% 50.81%
FCF Conversion (Net income) 91.22% 69.56% 233.33% - 95.44% 125.39% 191.11%
Dividend per Share 2 - - - - - - -
Announcement Date 21-02-12 22-02-10 23-02-10 24-02-09 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 312 286 298 294 339 339 375 334 413 399.9 441 394 486
EBITDA 57 45.16 44 50 64 46 63 63 86 82.96 - - -
EBIT 34 13.52 12 19 38 24 48 24.65 45 40.2 - - -
Operating Margin 10.9% 4.73% 4.03% 6.46% 11.21% 7.08% 12.8% 7.38% 10.9% 10.05% - - -
Earnings before Tax (EBT) 21 10.91 16 22 -12 25 50 19.66 -27 24.2 - - -
Net income 11 6.403 10 19 -9 19 34 16.41 -23 16.73 - - -
Net margin 3.53% 2.24% 3.36% 6.46% -2.65% 5.6% 9.07% 4.91% -5.57% 4.18% - - -
EPS 0.0700 0.0400 0.0800 0.2500 -0.1200 0.1300 0.2300 0.1100 -0.2300 0.1200 - - -
Dividend per Share 2 - - - - - - - - - - - - -
Announcement Date 22-02-10 22-05-04 22-08-18 22-11-11 23-02-10 23-05-05 23-08-18 23-11-10 24-02-09 24-05-15 - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 391 878 851 528
Net Cash position 1 440 386 426 - - - -
Leverage (Debt/EBITDA) - - - 1.464 x 2.09 x 1.559 x 0.7799 x
Free Cash Flow 1 75 20.2 63 -264 81.6 159 344
ROE (net income / shareholders' equity) 17.5% 3.85% 8.88% 5.25% 16.5% 19.6% 20.4%
ROA (Net income/ Total Assets) 7.12% 1.8% 3.87% - - - -
Assets 1 1,154 1,616 698.1 - - - -
Book Value Per Share 2 5.150 5.310 5.620 5.910 5.780 6.670 8.090
Cash Flow per Share 2 - - - - 1.800 2.700 3.800
Capex 1 135 110 152 174 268 294 242
Capex / Sales 15.15% 10.58% 12.49% 11.89% 15.77% 14.79% 10.42%
Announcement Date 21-02-12 22-02-10 23-02-10 24-02-09 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
30.1 NOK
Average target price
45 NOK
Spread / Average Target
+49.50%
Consensus