Company Valuation: Moreld ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2024 2025 2026 2027 2028
Market Cap 1 2,549 3,334 4,372 - -
Change - 30.82% 31.13% - -
Enterprise Value (EV) 1 4,723 5,095 6,247 6,031 5,808
Change - 7.89% 22.61% -3.46% -3.7%
P/E -3.3x 11.8x 14x 9.45x 8.9x
PBR 3.65x 4.26x 5.84x 5.24x 4.58x
PEG - -0x 1.45x 0.2x 1.44x
Capitalization / Revenue 0.28x 0.34x 0.54x 0.55x 0.54x
EV / Revenue 0.52x 0.52x 0.77x 0.75x 0.71x
EV / EBITDA 4.39x 4.63x 7.93x 6.44x 6.04x
EV / EBIT 5.54x 6.29x 10.4x 8.1x 7.54x
EV / FCF 3.57x 3.65x 7.42x 6.16x 4.3x
FCF Yield 28% 27.4% 13.5% 16.2% 23.2%
Dividend per Share 2 0.42 1.68 1.92 2.075 2.1
Rate of return 2.9% 8.95% 7.89% 8.52% 8.62%
EPS 2 -4.39 1.59 1.744 2.576 2.736
Distribution rate -9.57% 106% 110% 80.5% 76.8%
Net sales 1 9,151 9,838 8,111 8,000 8,161
EBITDA 1 1,075 1,101 787.6 936.4 962.1
EBIT 1 852.2 810.5 601 744.9 770.6
Net income 1 -788.6 284.7 306.2 452.7 481.2
Net Debt 1 2,174 1,761 1,875 1,659 1,436
Reference price 2 14.50 18.78 24.35 24.35 24.35
Nbr of stocks (in thousands) 175,828 177,541 179,555 - -
Announcement Date 2/14/25 A 2/12/26 A - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.96x0.77x7.93x7.88% 469M
54.28x2.48x23.72x0.07% 93.49B
12.63x1.08x5.9x4.63% 74.14B
27x2.07x20.31x1.12% 58.09B
33.25x4.18x22.67x0.2% 56.74B
52.24x4.2x26.69x1.7% 42.56B
29.59x0.73x12.06x2.09% 37.31B
23.66x1.62x14.9x0.2% 34.19B
24.19x0.49x7.81x2.44% 33.44B
4.51x0.3x5.99x6.24% 27.23B
Average 27.53x 1.79x 14.80x 2.66% 45.77B
Weighted average by Cap. 31.77x 2.09x 16.70x 1.83%

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