Company Valuation: Orsted

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 350,930 265,253 157,272 136,239 161,630 195,583 - -
Change - -24.41% -40.71% -13.37% 18.64% 21.01% - -
Enterprise Value (EV) 1 375,210 295,824 204,651 194,266 180,608 230,228 245,301 224,104
Change - -21.16% -30.82% -5.07% -7.03% 27.47% 6.55% -8.64%
P/E 34.4x 18.2x -7.47x -147x 64.4x 17.4x 15.5x 13.6x
PBR 4.28x 2.9x 2.07x 2.19x 0.91x 1.38x 1.32x 1.24x
PEG - 0.4x 0x 1.5x -0x 0x 1.3x 0.9x
Capitalization / Revenue 4.52x 2.01x 1.98x 1.92x 2.21x 2.4x 2.25x 1.99x
EV / Revenue 4.83x 2.24x 2.58x 2.73x 2.47x 2.83x 2.82x 2.29x
EV / EBITDA 15.4x 9.23x 10.9x 6.08x 8.05x 7.55x 7.59x 6.06x
EV / EBIT 23.2x 15x -11.5x 31.5x 21x 12.3x 12.4x 9.92x
EV / FCF -16.7x -14x 13.1x -8x -5.82x -7.38x -15.4x 7.07x
FCF Yield -5.98% -7.13% 7.62% -12.5% -17.2% -13.6% -6.49% 14.1%
Dividend per Share 2 12.5 13.5 - - - 3.481 4.079 4.338
Rate of return 1.5% 2.14% - - - 2.35% 2.76% 2.93%
EPS 2 24.3 34.6 -50.1 -2.2 1.9 8.504 9.551 10.92
Distribution rate 51.4% 39% - - - 40.9% 42.7% 39.7%
Net sales 1 77,673 132,277 79,255 71,034 73,244 81,377 86,939 98,064
EBITDA 1 24,296 32,057 18,717 31,959 22,448 30,478 32,302 36,990
EBIT 1 16,195 19,774 -17,853 6,171 8,620 18,739 19,823 22,595
Net income 1 10,962 14,549 -21,059 -923 1,727 11,456 12,810 14,574
Net Debt 1 24,280 30,571 47,379 58,027 18,978 34,645 49,719 28,521
Reference price 2 835.20 631.30 374.30 324.20 122.35 148.05 148.05 148.05
Nbr of stocks (in thousands) 420,175 420,170 420,175 420,230 1,321,047 1,321,059 - -
Announcement Date 2/2/22 A 2/1/23 A 2/7/24 A 2/6/25 A 2/6/26 A - - -
1DKK in Million2DKK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.62x6.27x45.87x0.18% 293B
21.97x9.23x15.26x2.8% 183B
20.73x4.23x11.47x3.48% 155B
14.02x1.99x6.98x5.09% 116B
21.5x5.98x13.21x3.18% 108B
18.58x5.65x11.27x3.49% 97.82B
20.52x3.15x12.37x0.67% 89.77B
21.24x5.34x12.83x2.85% 73.69B
19.47x6.41x13.72x3.81% 61.64B
Average 21.52x 5.36x 15.89x 2.84% 130.96B
Weighted average by Cap. 23.81x 5.68x 20.59x 2.45%

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