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 3,933 - -
Change - -64.28% 15.92% -49.88% 128.55% 80.29% - -
Enterprise Value (EV) 1 4,344 1,585 1,763 979.7 1,746 3,615 3,548 3,494
Change - -63.51% 11.2% -44.43% 78.24% 107.03% -1.84% -1.55%
P/E - -69.6x 85.1x -295x 40.9x 30.8x 21x 16.6x
PBR 11.6x - 2.84x 1.42x 2.88x 5.33x 4.48x 4.07x
PEG - - -0x 3x -0x 0x 0.5x 0.6x
Capitalization / Revenue 9.41x 2.17x 1.34x 0.75x 1.42x 2.03x 1.71x 1.48x
EV / Revenue 8.88x 2.09x 1.24x 0.77x 1.14x 1.87x 1.54x 1.32x
EV / EBITDA 112x 396x 41x 17.8x 14.2x 15.1x 10.6x 8.56x
EV / EBIT 189x -95x 133x 46x 20.3x 18.9x 12.9x 10.2x
EV / FCF - - - -10.5x 4.45x 53.8x 28.5x 20.2x
FCF Yield - - - -9.55% 22.5% 1.86% 3.51% 4.95%
Dividend per Share 2 - - - - 2 1.809 1.217 1.362
Rate of return - - - - 8.02% 4% 2.69% 3.01%
EPS 2 - -0.31 0.256 -0.037 0.61 1.466 2.15 2.725
Distribution rate - - - - 328% 123% 56.6% 50%
Net sales 1 489 758.9 1,427 1,267 1,532 1,938 2,305 2,653
EBITDA 1 38.66 4 43 55 123 240.1 334.1 407.9
EBIT 1 22.93 -16.68 13.21 21.32 85.83 191.5 275.7 342.4
Net income 1 17.92 -23.4 22.23 -3.236 53.89 141.4 213.5 239.2
Net Debt 1 -255.1 -57.69 -141.6 25.12 -435.5 -318.3 -384.9 -439.8
Reference price 2 60.25 21.58 21.78 10.93 24.95 45.20 45.20 45.20
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.($)
19.1x2.53x11.32x2.68% 274B
26.68x3.09x16.88x1.99% 250B
30.61x3.94x18.19x1.59% 187B
36.1x5.5x23.71x1.03% 161B
39.96x5.35x24.22x1.05% 132B
96.96x12.51x69.77x0.32% 104B
40.59x6.58x26.51x0.1% 93B
30.83x5.01x17.47x1.48% 83.91B
33.37x6.96x21.7x0.56% 55.4B
Average 39.35x 5.72x 25.53x 1.2% 148.88B
Weighted average by Cap. 35.06x 4.86x 22.47x 1.52%

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