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 3,577 - -
Change - -2.51% -46.83% -60.75% -9.2% -12.81% - -
Enterprise Value (EV) 1 19,513 21,654 8,172 2,903 2,718 2,585 2,868 3,044
Change - 10.97% -62.26% -64.48% -6.35% -4.91% 10.95% 6.16%
P/E -13.2x -18.2x -13.3x -18x -3.19x -6.09x -8.92x -11.8x
PBR 4.38x - 1.84x 0.91x 1.02x 0.95x 1.09x 1.31x
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 4.41x 2.63x 2.09x
EV / Revenue 24.5x 21.8x 4.61x 1.94x 2.47x 3.19x 2.11x 1.78x
EV / EBITDA -41.1x -27.8x -17.2x -16.8x -9.89x -6.1x -13.5x -21.5x
EV / EBIT -33.5x -16.9x -11.7x -7.45x -1.99x -4.38x -6.71x -9.64x
EV / FCF -23.6x - -5.8x -3.52x -5x -3.74x -7.76x -12.9x
FCF Yield -4.24% - -17.2% -28.4% -20% -26.7% -12.9% -7.74%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.15 -0.76 -0.52 -0.15 -0.7 -0.3194 -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 -589.9 -427.5 -315.8
Net income 1 -1,667 -1,171 -855.2 -244.3 -1,265 -558.5 -388.7 -288.3
Net Debt 1 -2,700 - -3,341 -1,616 -1,384 -992.1 -709 -532.4
Reference price 2 15.210 13.855 6.890 2.704 2.232 1.946 1.946 1.946
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.($)
28.68x2.26x14.66x1.58% 121B
19.9x1.09x8.09x0.89% 27.65B
12.98x1.48x8.53x1.76% 20.19B
9.93x3.45x6.3x-.--% 18.74B
14.92x3.24x11.7x5.43% 12.93B
-13.77x0.96x23.93x-.--% 12.49B
20.31x2.52x11.88x-.--% 12.04B
9.72x0.72x8.46x4.77% 10.69B
15.47x0.9x7.97x1.86% 8.11B
Average 13.13x 1.85x 11.28x 1.81% 27.12B
Weighted average by Cap. 20.36x 2.04x 12.45x 1.59%

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