Financials Nordic Semiconductor

Equities

NOD

NO0003055501

Semiconductors

Market Closed - Oslo Bors 15:45:00 26/04/2024 BST 5-day change 1st Jan Change
116.4 NOK -2.88% Intraday chart for Nordic Semiconductor +30.93% -7.62%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,784 26,353 56,830 31,299 24,190 22,343 - -
Enterprise Value (EV) 1 9,027 24,491 54,571 27,611 22,748 20,545 19,570 18,873
P/E ratio 144 x 81.5 x 91.5 x 25 x 296 x -66.5 x 61.7 x 27.5 x
Yield - - - - - - 0.13% 0.71%
Capitalization / Revenue 3.67 x 7.57 x 10.6 x 3.9 x 4.19 x 4.16 x 3.2 x 2.78 x
EV / Revenue 3.39 x 7.03 x 10.1 x 3.44 x 3.94 x 3.83 x 2.81 x 2.35 x
EV / EBITDA 29.8 x 37.1 x 49.6 x 13 x 43.7 x 290 x 21.2 x 13.4 x
EV / FCF -67.5 x 104 x 96 x 23.8 x -12.4 x 78.8 x 22.1 x 34.6 x
FCF Yield -1.48% 0.96% 1.04% 4.19% -8.09% 1.27% 4.52% 2.89%
Price to Book 3.8 x 7.69 x 14.4 x 5.24 x 3.8 x 3.58 x 3.37 x 3.07 x
Nbr of stocks (in thousands) 175,662 190,962 190,963 190,963 191,986 191,951 - -
Reference price 2 55.70 138.0 297.6 163.9 126.0 116.4 116.4 116.4
Announcement Date 07/02/20 04/02/21 03/02/22 07/02/23 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 2,664 3,483 5,382 8,027 5,768 5,366 6,974 8,039
EBITDA 1 303 660 1,099 2,125 520.9 70.88 924 1,407
EBIT 1 85.64 392.9 766.3 1,670 49.96 -405.8 514.9 1,061
Operating Margin 3.22% 11.28% 14.24% 20.81% 0.87% -7.56% 7.38% 13.19%
Earnings before Tax (EBT) 1 89.65 369 769.3 1,727 128.5 -387.3 550.3 1,131
Net income 1 67.68 330 627.4 1,264 81.28 -384.5 385.3 844.2
Net margin 2.54% 9.47% 11.66% 15.75% 1.41% -7.17% 5.52% 10.5%
EPS 2 0.3879 1.693 3.253 6.562 0.4250 -1.752 1.888 4.228
Free Cash Flow 1 -133.7 234.5 568.5 1,158 -1,841 260.8 885.3 546.1
FCF margin -5.02% 6.73% 10.56% 14.42% -31.92% 4.86% 12.69% 6.79%
FCF Conversion (EBITDA) - 35.53% 51.71% 54.47% - 367.95% 95.81% 38.83%
FCF Conversion (Net income) - 71.06% 90.62% 91.57% - - 229.79% 64.69%
Dividend per Share 2 - - - - - - 0.1472 0.8248
Announcement Date 07/02/20 04/02/21 03/02/22 07/02/23 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 1,509 1,721 2,037 2,144 1,978 1,537 1,623 1,478 1,149 814.3 1,377 1,564 1,515 1,178 -
EBITDA 1 373.3 514 528.3 638.1 401.7 153.9 300.2 140.6 -73.19 -249.5 84.22 163.3 127 -76.1 -
EBIT 1 284.1 420 420.9 514.7 279.2 32.22 185.1 22.98 -191.5 -366 -21.77 73.02 17.26 -185.4 -
Operating Margin 18.83% 24.41% 20.67% 24% 14.12% 2.1% 11.4% 1.55% -16.66% -44.95% -1.58% 4.67% 1.14% -15.74% -
Earnings before Tax (EBT) 1 286.7 417.7 474.6 544.1 256.1 88.73 206.1 18.66 -186.8 -334.8 -60.28 43.88 30.69 14.87 155.2
Net income 1 236.5 317 335.7 256.4 324.9 32.14 166.9 12.89 -132 -281.2 -16.07 58.22 15.73 -62.88 121.1
Net margin 15.67% 18.43% 16.49% 11.96% 16.43% 2.09% 10.28% 0.87% -11.48% -34.54% -1.17% 3.72% 1.04% -5.34% -
EPS 2 1.225 1.644 1.740 1.326 1.685 0.1691 0.8631 0.0657 -0.6906 -1.465 -0.2772 0.1442 0.1500 -0.3240 0.6300
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 03/02/22 28/04/22 11/07/22 20/10/22 07/02/23 20/04/23 10/07/23 17/10/23 06/02/24 24/04/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 758 1,861 2,260 3,688 1,442 1,798 2,773 3,470
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -134 235 568 1,158 -1,841 261 885 546
ROE (net income / shareholders' equity) 3.23% 12.1% 16.5% 23.5% 1.29% -5.67% 6.75% 12.1%
ROA (Net income/ Total Assets) 2.5% - 12.8% 17.8% 0.93% -3.47% 6.53% 8.88%
Assets 1 2,704 - 4,904 7,095 8,704 11,064 5,901 9,507
Book Value Per Share 2 14.70 17.90 20.70 31.30 33.20 32.50 34.60 37.90
Cash Flow per Share 2 1.270 2.890 4.330 6.010 -6.580 1.920 5.250 5.440
Capex 1 357 215 268 315 271 285 332 384
Capex / Sales 13.41% 6.17% 4.98% 3.93% 4.7% 5.3% 4.76% 4.77%
Announcement Date 07/02/20 04/02/21 03/02/22 07/02/23 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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
116.4 NOK
Average target price
121.1 NOK
Spread / Average Target
+4.03%
Consensus
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  4. Financials Nordic Semiconductor