Company Valuation: Elkem ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 18,833 22,334 13,413 11,111 19,331 11,442 - -
Change - 18.59% -39.94% -17.17% 73.99% -40.81% - -
Enterprise Value (EV) 1 23,660 24,949 22,863 21,438 31,214 17,855 16,840 15,855
Change - 5.45% -8.36% -6.23% 45.6% -42.8% -5.69% -5.85%
P/E 4.01x 2.34x 192x 22.8x -29x -46.9x 8.79x 6.82x
PBR 0.95x 0.78x 0.55x 0.43x 0.8x 1.11x 0.87x 0.8x
PEG - 0x -1.9x 0x 0x 1.3x -0x 0.2x
Capitalization / Revenue 0.56x 0.49x 0.38x 0.34x 0.63x 0.74x 0.65x 0.61x
EV / Revenue 0.7x 0.54x 0.64x 0.65x 1.01x 1.15x 0.95x 0.84x
EV / EBITDA 3.04x 1.94x 6.06x 5.17x 9.07x 9.21x 5.2x 4.21x
EV / EBIT 4.01x 2.01x 13.6x 16.6x 44.7x 19.7x 7.48x 5.79x
EV / FCF 13.3x 4.75x -12.4x -16.4x -27.3x 9.28x 19.3x 14.2x
FCF Yield 7.54% 21.1% -8.09% -6.08% -3.66% 10.8% 5.18% 7.04%
Dividend per Share 2 3 6 - - - - 1.332 2.023
Rate of return 10.1% 17% - - - - 4.22% 6.41%
EPS 2 7.44 15.04 0.11 0.77 -1.05 -0.6733 3.589 4.626
Distribution rate 40.3% 39.9% - - - - 37.1% 43.7%
Net sales 1 33,717 45,898 35,545 33,004 30,806 15,513 17,735 18,888
EBITDA 1 7,791 12,887 3,771 4,146 3,440 1,939 3,240 3,770
EBIT 1 5,899 12,414 1,682 1,294 699 906.1 2,251 2,736
Net income 1 4,628 9,561 72 488 -668 -197 1,399 1,719
Net Debt 1 4,827 2,615 9,450 10,327 11,883 6,413 5,398 4,413
Reference price 2 29.82 35.20 21.16 17.52 30.48 31.56 31.56 31.56
Nbr of stocks (in thousands) 631,546 634,477 633,890 634,169 634,219 362,548 - -
Announcement Date 2/9/22 A 2/8/23 A 2/8/24 A 2/12/25 A 2/13/26 A - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-46.87x1.15x9.21x-.--% 1.22B
37.84x5.16x20.94x1.02% 80.76B
34.08x5.18x22.06x1.87% 44.33B
25.16x2.98x15.49x2.08% 36.11B
15.28x1.59x8.8x2.74% 33.61B
39.45x7.13x18.9x1.56% 32.65B
14.43x1.38x8.56x2.21% 25.65B
41.63x10.21x30.79x2.1% 25.39B
25.18x2.72x11.06x1.79% 18.12B
7.93x2.22x4.41x3.28% 16.69B
Average 19.41x 3.97x 15.02x 1.87% 31.45B
Weighted average by Cap. 29.36x 4.52x 17.26x 1.85%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Elkem ASA

Historical PBR trend

Valuation ratios - PBR - Elkem ASA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Elkem ASA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Elkem ASA


Year-on-year evolution of the Yield

Valuation ratios - Yield - Elkem ASA