Company Valuation: DNB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 313,174 301,468 327,654 336,420 411,360 461,076 - -
Change - -3.74% 8.69% 2.68% 22.28% 12.09% - -
Enterprise Value (EV) 313,174 301,468 327,654 336,420 411,360 461,076 461,076 461,076
Change - -3.74% 8.69% 2.68% 22.28% 12.09% 0% 0%
P/E 12.8x 9.42x 8.7x 7.73x 9.89x 12.1x 11.5x 11.2x
PBR 1.38x 1.24x 1.33x 1.29x 1.51x 1.68x 1.62x 1.55x
PEG - 0.3x 0.4x 0.4x -3.26x -1.78x 2.43x 3.82x
Capitalization / Revenue 5.6x 4.56x 4.01x 3.89x 4.54x 5.13x 4.96x 4.86x
EV / Revenue 0x 0x 0x 0x 0x 5.13x 4.96x 4.86x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 8.64x 8.33x 8.21x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 9.75 12.5 16 16.75 18 18.23 18.72 19.15
Rate of return 4.83% 6.43% 7.41% 7.38% 6.39% 5.69% 5.85% 5.98%
EPS 2 15.74 20.65 24.83 29.34 28.45 26.52 27.77 28.59
Distribution rate 61.9% 60.5% 64.4% 57.1% 63.3% 68.7% 67.4% 67%
Net sales 1 55,915 66,115 81,697 86,537 90,649 89,800 92,866 94,885
EBITDA - - - - - - - -
EBIT 1 31,881 39,604 53,077 56,089 56,173 53,384 55,338 56,187
Net income 1 24,407 32,011 38,166 43,870 41,944 38,203 39,093 39,559
Net Debt - - - - - - - -
Reference price 2 202.00 194.45 216.00 226.90 281.50 320.20 320.20 320.20
Nbr of stocks (in thousands) 1,550,365 1,550,365 1,516,915 1,482,680 1,461,314 1,439,962 - -
Announcement Date 10/02/22 09/02/23 31/01/24 05/02/25 04/02/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.19x - - 1.76% 953B
13.4x - - 1.9% 438B
6.38x - - 4.86% 412B
13.06x - - 4% 366B
6.3x - - 4.89% 334B
6.76x - - 4.68% 298B
18.07x - - 2.35% 292B
15.17x - - 2.6% 273B
12.32x - - 2.12% 272B
Average 11.74x 3.24% 404.25B
Weighted average by Cap. 12.01x 3.02%

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