Company Valuation: B2 Impact ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,217 3,043 2,709 3,707 6,744 9,939 - -
Change - -27.84% -10.98% 36.85% 81.9% 47.38% - -
Enterprise Value (EV) 1 13,284 12,085 11,744 12,993 16,628 20,591 21,431 21,357
Change - -9.03% -2.82% 10.64% 27.97% 23.83% 4.08% -0.34%
P/E 7.45x 9.59x 7.82x 13.4x 11x 11.9x 10.5x 10.1x
PBR 0.85x 0.6x 0.51x 0.66x 1.18x 1.75x 1.71x 1.68x
PEG - -0.2x 0.5x -0.7x 0x 0.3x 0.8x 2.57x
Capitalization / Revenue 1.39x 0.99x 0.72x 1.01x 1.79x 2.48x 2.36x 2.26x
EV / Revenue 4.38x 3.92x 3.11x 3.53x 4.42x 5.13x 5.08x 4.85x
EV / EBITDA 9.52x 8.53x 6.97x 8.17x 9.06x 10.4x 10x 9.51x
EV / EBIT 10.2x 9.06x 7.44x 8.66x 9.59x 10.9x 10.4x 9.87x
EV / FCF 5.77x 9.73x 5.46x 6.9x 13.4x 66.3x 20.1x 16.8x
FCF Yield 17.3% 10.3% 18.3% 14.5% 7.46% 1.51% 4.97% 5.97%
Dividend per Share 2 0.42 0.2 0.7 1.5 1.9 2.283 2.47 2.573
Rate of return 4.05% 2.54% 9.52% 14.9% 10.4% 8.52% 9.22% 9.6%
EPS 2 1.39 0.82 0.94 0.75 1.66 2.253 2.547 2.647
Distribution rate 30.2% 24.4% 74.5% 200% 114% 101% 97% 97.2%
Net sales 1 3,036 3,085 3,775 3,683 3,759 4,015 4,216 4,403
EBITDA 1 1,396 1,417 1,684 1,591 1,835 1,979 2,133 2,245
EBIT 1 1,308 1,334 1,578 1,500 1,734 1,896 2,052 2,164
Net income 1 573 326 363 277 621 842.1 951.1 989.2
Net Debt 1 9,067 9,042 9,035 9,286 9,884 10,652 11,492 11,418
Reference price 2 10.36 7.86 7.35 10.06 18.24 26.80 26.80 26.80
Nbr of stocks (in thousands) 407,086 387,181 368,595 368,532 369,727 370,870 - -
Announcement Date 10/02/22 15/02/23 15/02/24 13/02/25 12/02/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.21x4.37x46.62x3.79% 12.58B
6.1x - - 4.88% 12.52B
12.52x - - 3.94% 11.8B
5.06x - - 6.25% 8.99B
20.3x15.19x - 1.17% 8.28B
15.62x - - 2.59% 7.85B
9.66x8.91x19.05x4.91% 6.33B
Average 11.64x 9.49x 32.83x 3.93% 9.76B
Weighted average by Cap. 11.34x 8.72x 37.39x 3.99%

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