Company Valuation: Zaptec ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,600 1,643 1,905 954.6 2,182 5,700 - -
Change - -64.28% 15.92% -49.88% 128.55% 161.26% - -
Enterprise Value (EV) 1 4,344 1,585 1,763 979.7 1,746 5,340 5,284 5,196
Change - -63.51% 11.2% -44.43% 78.24% 205.84% -1.05% -1.67%
P/E - -69.6x 85.1x -295x 40.9x 36.5x 25.1x 19.9x
PBR 11.6x - 2.84x 1.42x 2.88x 7.89x 6.6x 5.45x
PEG - - -0x 3x -0x 0x 0.6x 0.8x
Capitalization / Revenue 9.41x 2.17x 1.34x 0.75x 1.42x 2.85x 2.36x 1.99x
EV / Revenue 8.88x 2.09x 1.24x 0.77x 1.14x 2.67x 2.19x 1.81x
EV / EBITDA 112x 396x 41x 17.8x 14.2x 21.3x 15.2x 11.6x
EV / EBIT 189x -95x 133x 46x 20.3x 26.1x 18.2x 13.5x
EV / FCF - - - -10.5x 4.45x 94.3x 35.9x 21.7x
FCF Yield - - - -9.55% 22.5% 1.06% 2.79% 4.62%
Dividend per Share 2 - - - - 2 0.9324 1.335 1.647
Rate of return - - - - 8.02% 1.42% 2.04% 2.51%
EPS 2 - -0.31 0.256 -0.037 0.61 1.794 2.611 3.294
Distribution rate - - - - 328% 52% 51.2% 50%
Net sales 1 489 758.9 1,427 1,267 1,532 1,999 2,417 2,865
EBITDA 1 38.66 4 43 55 123 250.6 348 449.2
EBIT 1 22.93 -16.68 13.21 21.32 85.83 204.4 290.2 384
Net income 1 17.92 -23.4 22.23 -3.236 53.89 158.5 230 304.1
Net Debt 1 -255.1 -57.69 -141.6 25.12 -435.5 -359.4 -415.4 -503.4
Reference price 2 60.25 21.58 21.78 10.93 24.95 65.50 65.50 65.50
Nbr of stocks (in thousands) 76,341 76,139 87,449 87,334 87,442 87,021 - -
Announcement Date 1/28/22 2/15/23 2/21/24 2/19/25 2/18/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.51x2.67x21.31x1.42% 592M
25.5x3.02x16.49x2.03% 239B
14.05x1.73x7.84x3.64% 203B
31.75x4.07x18.74x1.54% 192B
38.88x5.73x24.04x1.01% 169B
46x6.17x27.61x1.08% 154B
30.69x4.41x21.61x0.88% 102B
41.78x6.87x27.57x0.1% 97.09B
93.76x11.62x66.36x0.33% 96.97B
32.65x4.05x21.73x1.03% 94.64B
Average 39.16x 5.03x 25.33x 1.31% 134.83B
Weighted average by Cap. 35.66x 4.75x 22.86x 1.55%

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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