Financials Multiconsult ASA

Equities

MULTI

NO0010734338

Business Support Services

Real-time Oslo Bors 09:13:47 27/06/2024 BST 5-day change 1st Jan Change
158.5 NOK +1.28% Intraday chart for Multiconsult ASA +2.92% +27.82%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,942 3,423 4,216 3,797 3,328 4,323 - -
Enterprise Value (EV) 1 2,961 4,010 5,070 4,448 3,500 4,980 4,960 5,161
P/E ratio 55.4 x 13.9 x 18 x 12.6 x 10.7 x 14.1 x 13 x 12.3 x
Yield 1.39% 6.2% 3.85% 6.47% 6.45% 5.26% 5.73% 5.94%
Capitalization / Revenue 0.57 x 0.94 x 1.11 x 0.91 x 0.69 x 0.82 x 0.78 x 0.75 x
EV / Revenue 0.86 x 1.1 x 1.33 x 1.06 x 0.73 x 0.95 x 0.9 x 0.89 x
EV / EBITDA 9.9 x 6.7 x 9.34 x 7.29 x 5.33 x 7.02 x 6.66 x 6.49 x
EV / FCF 16 x 6.24 x 12.1 x 8.56 x 10.8 x 9.95 x 9.08 x 8.57 x
FCF Yield 6.26% 16% 8.24% 11.7% 9.27% 10.1% 11% 11.7%
Price to Book 3.34 x 4.49 x 4.97 x 3.86 x - 3.52 x 3.28 x 2.92 x
Nbr of stocks (in thousands) 26,970 26,538 27,026 27,316 26,836 27,622 - -
Reference price 2 72.00 129.0 156.0 139.0 124.0 156.5 156.5 156.5
Announcement Date 26/02/20 17/02/21 10/02/22 08/02/23 06/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,436 3,661 3,804 4,189 4,802 5,263 5,542 5,797
EBITDA 1 299.1 598.7 542.8 610.2 656.3 709.8 745.3 795
EBIT 1 126.5 401 348.9 403.1 408.2 455.4 485.4 518.1
Operating Margin 3.68% 10.95% 9.17% 9.62% 8.5% 8.65% 8.76% 8.94%
Earnings before Tax (EBT) 1 53.43 329.4 311.2 387 395.5 398 433 461.8
Net income 1 35.11 249.2 234.7 303 318.1 307.5 331.5 351.9
Net margin 1.02% 6.81% 6.17% 7.23% 6.62% 5.84% 5.98% 6.07%
EPS 2 1.300 9.250 8.670 11.06 11.56 11.14 12.00 12.72
Free Cash Flow 1 185.4 642.5 417.9 519.7 324.3 500.5 546.5 602
FCF margin 5.4% 17.55% 10.99% 12.41% 6.75% 9.51% 9.86% 10.38%
FCF Conversion (EBITDA) 61.98% 107.32% 76.99% 85.18% 49.42% 70.51% 73.33% 75.73%
FCF Conversion (Net income) 528.08% 257.82% 178.1% 171.52% 101.95% 162.76% 164.87% 171.09%
Dividend per Share 2 1.000 8.000 6.000 9.000 8.000 8.228 8.969 9.294
Announcement Date 26/02/20 17/02/21 10/02/22 08/02/23 06/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 1,068 1,138 1,048 876 1,127 1,310 1,154 977 1,361 1,171 1,391 1,065 1,440 1,518 1,379
EBITDA 1 139.8 220 125 118.7 146.4 271.1 380.5 87.22 188.6 196.1 209.8 106.1 197.9 269 137
EBIT 1 89.77 167.9 73.35 66.44 95.41 214.6 53.82 41.99 114.4 136 146.5 42.53 130.7 202 71
Operating Margin 8.4% 14.75% 7% 7.59% 8.47% 16.38% 4.66% 4.3% 8.4% 11.61% 10.53% 3.99% 9.08% 13.31% 5.15%
Earnings before Tax (EBT) 1 83.93 156.5 74.08 63.06 93.43 203.5 46.74 12.95 132.3 121.5 135.7 17.54 112.5 191 58
Net income 1 62.5 121.6 57.79 47.97 75.62 158.1 35.95 11.09 112.9 97.2 103.5 12.66 85.37 - -
Net margin 5.85% 10.69% 5.51% 5.48% 6.71% 12.07% 3.12% 1.14% 8.3% 8.3% 7.44% 1.19% 5.93% - -
EPS 2 2.290 4.440 2.110 1.750 2.770 5.760 1.300 0.4000 4.100 3.520 3.664 0.7584 3.204 5.160 1.550
Dividend per Share 2 6.000 - - - - - - - 8.000 - 4.000 - 4.500 - -
Announcement Date 10/02/22 04/05/22 17/08/22 02/11/22 08/02/23 10/05/23 23/08/23 01/11/23 06/02/24 08/05/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,019 587 854 651 172 657 638 839
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.408 x 0.9806 x 1.573 x 1.067 x 0.262 x 0.9256 x 0.8555 x 1.055 x
Free Cash Flow 1 185 643 418 520 324 501 547 602
ROE (net income / shareholders' equity) 5.98% 36.8% 28.9% 32.9% 31.4% 26.9% 26.3% 24.7%
ROA (Net income/ Total Assets) 1.54% 9.24% 8.16% 10% 9.23% 7.66% 7.77% 8.19%
Assets 1 2,282 2,696 2,876 3,021 3,445 4,016 4,268 4,298
Book Value Per Share 2 21.60 28.70 31.40 36.00 - 44.50 47.80 53.60
Cash Flow per Share - - - - - - - -
Capex 1 62.8 25.2 40.7 41.9 99 104 95 94
Capex / Sales 1.83% 0.69% 1.07% 1% 2.06% 1.98% 1.71% 1.62%
Announcement Date 26/02/20 17/02/21 10/02/22 08/02/23 06/02/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
156.5 NOK
Average target price
160 NOK
Spread / Average Target
+2.24%
Consensus
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  4. Financials Multiconsult ASA