Company Valuation: Nel ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,213 21,654 11,513 4,518 4,103 3,647 - -
Change - -2.51% -46.83% -60.75% -9.2% -11.11% - -
Enterprise Value (EV) 1 19,513 21,654 8,172 2,903 2,718 2,655 2,938 3,114
Change - 10.97% -62.26% -64.48% -6.35% -2.34% 10.66% 6.01%
P/E -13.2x -18.2x -13.3x -18x -3.19x -6.21x -9.1x -12.1x
PBR 4.38x - 1.84x 0.91x 1.02x 0.97x 1.11x 1.34x
PEG - 0.5x 0.4x 0.3x -0x 0.1x 0.3x 0.5x
Capitalization / Revenue 27.8x 21.8x 6.49x 3.02x 3.73x 4.5x 2.68x 2.13x
EV / Revenue 24.5x 21.8x 4.61x 1.94x 2.47x 3.27x 2.16x 1.82x
EV / EBITDA -41.1x -27.8x -17.2x -16.8x -9.89x -6.27x -13.8x -22x
EV / EBIT -33.5x -16.9x -11.7x -7.45x -1.99x -4.5x -6.87x -9.86x
EV / FCF -23.6x - -5.8x -3.52x -5x -3.84x -7.95x -13.2x
FCF Yield -4.24% - -17.2% -28.4% -20% -26% -12.6% -7.56%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.15 -0.76 -0.52 -0.15 -0.7 -0.3194 -0.218 -0.1646
Distribution rate - - - - - - - -
Net sales 1 798 993.6 1,773 1,495 1,100 811.1 1,361 1,712
EBITDA 1 -475.2 -779.9 -473.7 -172.9 -274.8 -423.5 -212.3 -141.8
EBIT 1 -582.9 -1,279 -699.5 -389.4 -1,365 -589.9 -427.5 -315.8
Net income 1 -1,667 -1,171 -855.2 -244.3 -1,265 -558.5 -388.7 -288.3
Net Debt 1 -2,700 - -3,341 -1,616 -1,384 -992.1 -709 -532.4
Reference price 2 15.210 13.855 6.890 2.704 2.232 1.984 1.984 1.984
Nbr of stocks (in thousands) 1,460,396 1,562,907 1,670,907 1,670,907 1,838,040 1,838,040 - -
Announcement Date 16/02/22 28/02/23 28/02/24 26/02/25 26/02/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-6.21x3.27x-6.27x-.--% 386M
26.68x2.09x13.55x1.69% 113B
22.07x1.22x9.02x0.8% 30.62B
17.32x1.82x11.44x1.25% 25.26B
11.43x4.04x7.48x-.--% 21.62B
17.56x3.87x13.87x4.69% 15.23B
26.86x3.39x15.94x-.--% 15.8B
-16.37x1.06x22.97x-.--% 14.06B
10.83x0.74x9.06x4.28% 11.26B
16.26x1x8.87x1.73% 8.55B
Average 12.64x 2.25x 10.59x 1.44% 25.54B
Weighted average by Cap. 19.91x 2.16x 12.58x 1.49%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Nel ASA

Historical PBR trend

Valuation ratios - PBR - Nel ASA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Nel ASA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Nel ASA


Year-on-year evolution of the Yield

Valuation ratios - Yield - Nel ASA