Company Valuation: Nel ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,213 21,654 11,513 4,518 4,103 3,676 - -
Change - -2.51% -46.83% -60.75% -9.2% -10.39% - -
Enterprise Value (EV) 1 19,513 21,654 8,172 2,903 2,718 2,865 2,967 3,144
Change - 10.97% -62.26% -64.48% -6.35% 5.39% 3.57% 5.95%
P/E -13.2x -18.2x -13.3x -18x -3.19x -6.17x -9.17x -12.2x
PBR 4.38x - 1.84x 0.91x 1.02x 1.05x 1.12x 1.35x
PEG - 0.5x 0.4x 0.3x -0x 0.1x 0.3x 0.5x
Capitalization / Revenue 27.8x 21.8x 6.49x 3.02x 3.73x 4.53x 2.7x 2.15x
EV / Revenue 24.5x 21.8x 4.61x 1.94x 2.47x 3.53x 2.18x 1.84x
EV / EBITDA -41.1x -27.8x -17.2x -16.8x -9.89x -6.76x -14x -22.2x
EV / EBIT -33.5x -16.9x -11.7x -7.45x -1.99x -4.61x -6.94x -9.95x
EV / FCF -23.6x - -5.8x -3.52x -5x -4.15x -8.03x -13.3x
FCF Yield -4.24% - -17.2% -28.4% -20% -24.1% -12.5% -7.49%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.15 -0.76 -0.52 -0.15 -0.7 -0.3244 -0.218 -0.1646
Distribution rate - - - - - - - -
Net sales 1 798 993.6 1,773 1,495 1,100 811.1 1,361 1,712
EBITDA 1 -475.2 -779.9 -473.7 -172.9 -274.8 -423.5 -212.3 -141.8
EBIT 1 -582.9 -1,279 -699.5 -389.4 -1,365 -621 -427.5 -315.8
Net income 1 -1,667 -1,171 -855.2 -244.3 -1,265 -579.1 -388.7 -288.3
Net Debt 1 -2,700 - -3,341 -1,616 -1,384 -811.3 -709 -532.4
Reference price 2 15.210 13.855 6.890 2.704 2.232 2.000 2.000 2.000
Nbr of stocks (in thousands) 1,460,396 1,562,907 1,670,907 1,670,907 1,838,040 1,838,040 - -
Announcement Date 2/16/22 A 2/28/23 A 2/28/24 A 2/26/25 A 2/26/26 A - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-6.17x3.53x-6.76x-.--% 390M
30.16x2.38x15.43x1.5% 128B
19.62x1.08x7.97x0.9% 27.4B
11.79x1.49x8.01x2% 23.93B
9.84x3.22x6.19x-.--% 18.46B
16.01x3.67x12.75x4.17% 13.59B
-13.88x0.97x24.2x-.--% 12.53B
20.98x2.5x11.8x-.--% 12.09B
16.03x1.02x8.58x1.66% 8.54B
16.69x2.12x10.59x0.14% 7.63B
Average 12.11x 2.20x 9.88x 1.04% 25.23B
Weighted average by Cap. 21.45x 2.17x 12.94x 1.33%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Nel ASA

Historical PBR trend

Valuation ratios - PBR - Nel ASA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Nel ASA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Nel ASA


Year-on-year evolution of the Yield

Valuation ratios - Yield - Nel ASA