Market Closed -
Oslo Bors
15:45:00 06/05/2024 BST
|
5-day change
|
1st Jan Change
|
9.3
NOK
|
+3.91%
|
|
+8.01%
|
+26.53%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
3,917
|
3,042
|
4,217
|
3,043
|
2,709
|
3,298
|
-
|
-
|
Enterprise Value (EV)
1 |
15,296
|
14,110
|
13,284
|
12,085
|
11,744
|
12,613
|
13,268
|
13,833
|
P/E ratio
|
36.8
x
|
9.89
x
|
7.45
x
|
9.59
x
|
7.82
x
|
6.91
x
|
5.66
x
|
4.4
x
|
Yield
|
0.84%
|
-
|
4.05%
|
2.54%
|
9.52%
|
8.08%
|
9.57%
|
10.7%
|
Capitalization / Revenue
|
1.36
x
|
0.96
x
|
1.39
x
|
0.99
x
|
0.72
x
|
0.88
x
|
0.84
x
|
0.78
x
|
EV / Revenue
|
5.32
x
|
4.45
x
|
4.38
x
|
3.92
x
|
3.11
x
|
3.35
x
|
3.36
x
|
3.25
x
|
EV / EBITDA
|
14
x
|
10.5
x
|
9.52
x
|
8.53
x
|
6.97
x
|
7.95
x
|
7.98
x
|
7.64
x
|
EV / FCF
|
-20.3
x
|
9.48
x
|
5.77
x
|
9.73
x
|
5.46
x
|
-16.6
x
|
-53.5
x
|
84.9
x
|
FCF Yield
|
-4.91%
|
10.5%
|
17.3%
|
10.3%
|
18.3%
|
-6.03%
|
-1.87%
|
1.18%
|
Price to Book
|
0.92
x
|
0.64
x
|
0.85
x
|
0.6
x
|
0.51
x
|
0.58
x
|
0.55
x
|
0.52
x
|
Nbr of stocks (in thousands)
|
409,933
|
409,933
|
407,086
|
387,181
|
368,595
|
368,532
|
-
|
-
|
Reference price
2 |
9.555
|
7.420
|
10.36
|
7.860
|
7.350
|
8.950
|
8.950
|
8.950
|
Announcement Date
|
28/02/20
|
12/02/21
|
10/02/22
|
15/02/23
|
15/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
2,874
|
3,174
|
3,036
|
3,085
|
3,775
|
3,768
|
3,949
|
4,252
|
EBITDA
1 |
1,093
|
1,338
|
1,396
|
1,417
|
1,684
|
1,588
|
1,662
|
1,812
|
EBIT
1 |
958.6
|
1,224
|
1,308
|
1,334
|
1,578
|
1,526
|
1,662
|
1,906
|
Operating Margin
|
33.36%
|
38.56%
|
43.08%
|
43.24%
|
41.8%
|
40.5%
|
42.08%
|
44.82%
|
Earnings before Tax (EBT)
1 |
164.9
|
411
|
742
|
421
|
468
|
621.6
|
751.6
|
967.4
|
Net income
1 |
106.8
|
309
|
573
|
326
|
363
|
487.4
|
590.4
|
759.9
|
Net margin
|
3.71%
|
9.74%
|
18.87%
|
10.57%
|
9.62%
|
12.93%
|
14.95%
|
17.87%
|
EPS
2 |
0.2600
|
0.7500
|
1.390
|
0.8200
|
0.9400
|
1.296
|
1.580
|
2.033
|
Free Cash Flow
1 |
-751.8
|
1,488
|
2,302
|
1,242
|
2,151
|
-760
|
-248
|
163
|
FCF margin
|
-26.16%
|
46.88%
|
75.82%
|
40.26%
|
56.98%
|
-20.17%
|
-6.28%
|
3.83%
|
FCF Conversion (EBITDA)
|
-
|
111.21%
|
164.9%
|
87.65%
|
127.73%
|
-
|
-
|
9%
|
FCF Conversion (Net income)
|
-
|
481.55%
|
401.75%
|
380.98%
|
592.56%
|
-
|
-
|
21.45%
|
Dividend per Share
2 |
0.0800
|
-
|
0.4200
|
0.2000
|
0.7000
|
0.7230
|
0.8561
|
0.9533
|
Announcement Date
|
28/02/20
|
12/02/21
|
10/02/22
|
15/02/23
|
15/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
---|
Net sales
1 |
792
|
726
|
716
|
825
|
797
|
824
|
914
|
1,102
|
1,008
|
946
|
894.5
|
989.8
|
984.6
|
980.7
|
-
|
EBITDA
1 |
392
|
288
|
309
|
259
|
358
|
364
|
404
|
499
|
394
|
387
|
370
|
417
|
386
|
414
|
350
|
EBIT
1 |
370
|
267
|
289
|
139
|
337
|
343
|
375
|
471
|
370
|
362
|
360.2
|
400.1
|
383.6
|
394.5
|
328
|
Operating Margin
|
46.72%
|
36.78%
|
40.36%
|
16.85%
|
42.28%
|
41.63%
|
41.03%
|
42.74%
|
36.71%
|
38.27%
|
40.27%
|
40.42%
|
38.96%
|
40.22%
|
-
|
Earnings before Tax (EBT)
1 |
210
|
155
|
125
|
32
|
185
|
80
|
117
|
210
|
58
|
83
|
117.7
|
162.2
|
154.9
|
168.3
|
141.8
|
Net income
1 |
162
|
120
|
97
|
25
|
143
|
62
|
91
|
163
|
45
|
65
|
91.19
|
125.8
|
120.3
|
130.7
|
110.2
|
Net margin
|
20.45%
|
16.53%
|
13.55%
|
3.03%
|
17.94%
|
7.52%
|
9.96%
|
14.79%
|
4.46%
|
6.87%
|
10.2%
|
12.71%
|
12.22%
|
13.33%
|
-
|
EPS
2 |
0.3900
|
0.2900
|
0.2400
|
0.0600
|
0.3600
|
0.1500
|
0.2300
|
0.4200
|
0.1200
|
0.1700
|
0.2400
|
0.3300
|
0.3250
|
0.3500
|
0.2930
|
Dividend per Share
2 |
-
|
0.4200
|
-
|
-
|
-
|
0.2000
|
-
|
-
|
-
|
0.7000
|
-
|
-
|
-
|
0.6700
|
-
|
Announcement Date
|
04/11/21
|
10/02/22
|
11/05/22
|
23/08/22
|
10/11/22
|
15/02/23
|
16/05/23
|
23/08/23
|
10/11/23
|
15/02/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
11,379
|
11,068
|
9,067
|
9,042
|
9,035
|
9,315
|
9,970
|
10,535
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
10.41
x
|
8.272
x
|
6.495
x
|
6.381
x
|
5.365
x
|
5.867
x
|
5.997
x
|
5.816
x
|
Free Cash Flow
1 |
-752
|
1,488
|
2,302
|
1,242
|
2,151
|
-760
|
-248
|
163
|
ROE (net income / shareholders' equity)
|
2.49%
|
6.9%
|
12.2%
|
10.7%
|
8.9%
|
8.47%
|
9.94%
|
11.9%
|
ROA (Net income/ Total Assets)
|
0.64%
|
1.81%
|
3.53%
|
2.05%
|
2.86%
|
2.73%
|
3.29%
|
3.96%
|
Assets
1 |
16,558
|
17,056
|
16,241
|
15,908
|
12,712
|
17,848
|
17,938
|
19,194
|
Book Value Per Share
2 |
10.30
|
11.50
|
12.20
|
13.00
|
14.40
|
15.50
|
16.20
|
17.20
|
Cash Flow per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex
1 |
3,117
|
1,760
|
1,192
|
2,157
|
2,584
|
3,464
|
3,707
|
4,064
|
Capex / Sales
|
108.46%
|
55.45%
|
39.26%
|
69.92%
|
68.45%
|
91.92%
|
93.88%
|
95.57%
|
Announcement Date
|
28/02/20
|
12/02/21
|
10/02/22
|
15/02/23
|
15/02/24
|
-
|
-
|
-
|
Last Close Price
8.95
NOK Average target price
10.37
NOK Spread / Average Target +15.83% Consensus |
1st Jan change
|
Capi.
|
---|
| +26.53% | 304M | | +14.43% | 19.01B | | +25.13% | 17.61B | | +8.58% | 9.64B | | -10.36% | 8.6B | | +6.31% | 6.47B | | +67.56% | 5.79B | | -1.30% | 5.01B | | +63.53% | 4.45B | | -3.57% | 4.23B |
Other Corporate Financial Services
|