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 4,309 - -
Change - 30.82% 29.25% - -
Enterprise Value (EV) 1 4,723 5,095 6,184 5,968 5,745
Change - 7.89% 21.38% -3.49% -3.74%
P/E -3.3x 11.8x 13.8x 9.32x 8.77x
PBR 3.65x 4.26x 5.76x 5.16x 4.52x
PEG - -0x 1.43x 0.2x 1.42x
Capitalization / Revenue 0.28x 0.34x 0.53x 0.54x 0.53x
EV / Revenue 0.52x 0.52x 0.76x 0.75x 0.7x
EV / EBITDA 4.39x 4.63x 7.85x 6.37x 5.97x
EV / EBIT 5.54x 6.29x 10.3x 8.01x 7.46x
EV / FCF 3.57x 3.65x 7.34x 6.09x 4.26x
FCF Yield 28% 27.4% 13.6% 16.4% 23.5%
Dividend per Share 2 0.42 1.68 1.92 2.075 2.1
Rate of return 2.9% 8.95% 8% 8.65% 8.75%
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 24.00 24.00 24.00
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.($)
13.76x0.76x7.85x8% 460M
52.61x2.41x23.03x0.07% 90.61B
12.58x1.07x5.88x4.65% 73.54B
27.06x2.07x20.34x1.12% 58.17B
31.27x3.92x21.26x0.22% 53.36B
52.3x4.2x26.71x1.7% 42.45B
29.64x0.73x12.09x2.09% 37.23B
22.6x1.54x14.21x0.2% 32.65B
24.15x0.49x7.79x2.44% 33.25B
4.54x0.3x6x6.2% 27.39B
Average 27.05x 1.75x 14.52x 2.67% 44.91B
Weighted average by Cap. 31.01x 2.02x 16.28x 1.86%

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