Company Valuation: Smartoptics Group ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 114.7 189.6 171.4 155.2 288.2 537.5 - -
Change - 65.25% -9.6% -9.46% 85.72% 86.49% - -
Enterprise Value (EV) 1 107.3 186.4 164.1 148.2 280.9 536.4 529.6 520
Change - 73.67% -11.94% -9.71% 89.49% 90.99% -1.27% -1.81%
P/E 29.8x 25.6x 23.7x 38.6x 61.2x 52x 32.7x 24.4x
PBR 4.73x 6.73x 5.78x 5.43x - 15.3x 11.2x 8.3x
PEG - 0.3x -9.12x -0.9x 3.6x 0x 0.6x 0.7x
Capitalization / Revenue 2.5x 3.26x 2.93x 2.8x 3.83x 4.65x 3.69x 2.97x
EV / Revenue 2.34x 3.2x 2.81x 2.67x 3.73x 4.64x 3.63x 2.88x
EV / EBITDA 19.8x 15.8x 15.6x 26.6x 28.7x 29.3x 21.4x 15.8x
EV / EBIT 22.5x 18.2x 19x 45.1x 41.4x 36.2x 25.1x 18.5x
EV / FCF -47.4x -77.8x 16.6x 28.8x - 134x 40.7x 29.7x
FCF Yield -2.11% -1.29% 6.04% 3.47% - 0.75% 2.45% 3.37%
Dividend per Share 2 - - - 0.0537 0.0627 0.0414 0.03 0.03
Rate of return - - - 3.39% 2.13% 0.76% 0.55% 0.55%
EPS 2 0.04 0.077 0.075 0.041 0.048 0.1054 0.1674 0.2244
Distribution rate - - - 131% 131% 39.3% 17.9% 13.4%
Net sales 1 45.87 58.17 58.5 55.51 75.27 115.6 145.8 180.8
EBITDA 1 5.43 11.78 10.52 5.582 9.8 18.28 24.78 32.83
EBIT 1 4.767 10.24 8.659 3.289 6.785 14.83 21.09 28.06
Net income 1 3.824 7.446 7.282 4.042 4.684 10.29 16.23 21.98
Net Debt 1 -7.407 -3.202 -7.245 -6.965 -7.337 -1.056 -7.873 -17.46
Reference price 2 1.192 1.969 1.780 1.583 2.939 5.482 5.482 5.482
Nbr of stocks (in thousands) 96,287 96,287 96,287 98,046 98,046 98,046 - -
Announcement Date 11/02/22 16/02/23 15/02/24 13/02/25 19/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
52.03x4.64x29.34x0.76% 537M
15.75x9.53x19.44x1.91% 37.83B
Average 33.89x 7.09x 24.39x 1.33% 19.18B
Weighted average by Cap. 16.26x 9.47x 19.58x 1.89%

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

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