Company Valuation: Bouvet ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,837 6,171 6,264 7,865 6,367 4,919 - -
Change - -21.26% 1.51% 25.56% -19.04% -22.75% - -
Enterprise Value (EV) 1 7,295 5,727 5,782 7,031 6,037 4,642 4,565 4,349
Change - -21.49% 0.96% 21.59% -14.14% -23.1% -1.65% -4.74%
P/E 29.6x 20x 19.5x 20.7x 17.8x 14.6x 13.1x 11.9x
PBR 17.6x 13.6x 13.8x 17.1x 15.1x 12.5x 11.4x 12.6x
PEG - 1.1x 4.5x 1.2x -2.86x -2.85x 1.1x 1.2x
Capitalization / Revenue 2.91x 2x 1.78x 2.01x 1.63x 1.24x 1.15x 1.07x
EV / Revenue 2.71x 1.86x 1.64x 1.79x 1.54x 1.17x 1.07x 0.94x
EV / EBITDA 17.8x 11.9x 11.5x 11.5x 10.5x 8.4x 7.6x 6.71x
EV / EBIT 21.5x 14.3x 14.2x 14.3x 12.8x 10.3x 9.19x 8.03x
EV / FCF 27.5x 20.4x 12.6x 8.53x 18.8x 13.2x 9.6x 9.34x
FCF Yield 3.63% 4.91% 7.94% 11.7% 5.31% 7.56% 10.4% 10.7%
Dividend per Share 2 2.7 2.3 3.05 3.6 3.7 3.369 3.374 3.858
Rate of return 3.58% 3.83% 5.01% 4.71% 6.01% 7.01% 7.02% 8.03%
EPS 2 2.55 3 3.13 3.69 3.46 3.283 3.661 4.036
Distribution rate 106% 76.7% 97.4% 97.6% 107% 103% 92.2% 95.6%
Net sales 1 2,695 3,085 3,526 3,921 3,912 3,970 4,278 4,604
EBITDA 1 409.8 480.7 503.9 610.8 572.6 552.9 600.8 648
EBIT 1 340.1 401.7 407 490.4 473.4 450.6 496.7 541.9
Net income 1 265.9 315.7 325.4 383.4 358.7 340.6 379.7 419.3
Net Debt 1 -541.2 -443.4 -482 -834.3 -330.4 -276.4 -353.1 -569.3
Reference price 2 75.50 60.00 60.90 76.50 61.60 48.05 48.05 48.05
Nbr of stocks (in thousands) 103,796 102,846 102,859 102,811 103,363 102,363 - -
Announcement Date 17/02/22 17/02/23 16/02/24 18/02/25 16/04/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.16x3.64x12.7x3% 213B
22.65x4.76x11.69x0.73% 195B
-605.52x43.07x176.95x-.--% 125B
-134.54x18.71x103.57x-.--% 121B
15.77x1.72x9.01x3.04% 127B
13.44x2.44x9.19x6.11% 77.98B
19.32x5.16x12.67x2.9% 57.69B
-17.32x7.37x12.54x-.--% 48.85B
22.4x1.85x11.73x1.39% 44.08B
Average -71.29x 9.86x 40.01x 1.91% 112B
Weighted average by Cap. -77.85x 10.40x 42.95x 1.85%

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