Company Valuation: Atea ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 18,290 12,608 14,351 15,813 17,584 19,346 - -
Change - -31.06% 13.82% 10.19% 11.2% 10.02% - -
Enterprise Value (EV) 1 18,459 13,689 15,312 17,195 18,559 19,139 18,780 18,433
Change - -25.84% 11.86% 12.3% 7.93% 3.13% -1.88% -1.85%
P/E 24.5x 15.1x 18.1x 20.6x 20.4x 15.8x 14.4x 13.2x
PBR 5.18x 3.38x 3.46x 3.59x 3.94x 4.57x 4.2x 3.94x
PEG - 1.2x -3.19x -5.45x 1.6x 0.4x 1.52x 1.47x
Capitalization / Revenue 0.44x 0.39x 0.41x 0.46x 0.47x 0.47x 0.44x 0.41x
EV / Revenue 0.45x 0.42x 0.44x 0.5x 0.5x 0.46x 0.43x 0.39x
EV / EBITDA 11.1x 7.56x 7.93x 9.01x 8.61x 8.12x 6.92x 6.34x
EV / EBIT 17.6x 11.4x 12.3x 14.2x 13.4x 12.1x 9.96x 9.07x
EV / FCF 22.4x 19.3x 9.83x 10.7x 23.6x 9.53x 10.3x 9.36x
FCF Yield 4.46% 5.18% 10.2% 9.34% 4.24% 10.5% 9.74% 10.7%
Dividend per Share 2 5.5 6.25 7 7 7.5 8.162 9.734 10.49
Rate of return 3.35% 5.48% 5.42% 4.95% 4.75% 4.7% 5.61% 6.04%
EPS 2 6.7 7.57 7.14 6.87 7.73 11.02 12.06 13.15
Distribution rate 82.1% 82.6% 98% 102% 97% 74.1% 80.7% 79.8%
Net sales 1 41,316 32,397 34,704 34,583 37,376 41,553 43,944 47,008
EBITDA 1 1,660 1,811 1,932 1,908 2,156 2,358 2,712 2,908
EBIT 1 1,046 1,196 1,244 1,211 1,385 1,580 1,886 2,033
Net income 1 763 851 800 775 878 1,267 1,344 1,462
Net Debt 1 169 1,081 961 1,382 975 -207 -566.5 -913.5
Reference price 2 164.00 114.00 129.20 141.40 157.80 173.60 173.60 173.60
Nbr of stocks (in thousands) 111,522 110,598 111,076 111,833 111,430 111,440 - -
Announcement Date 08/02/22 09/02/23 08/02/24 06/02/25 10/02/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.66x3.81x13.3x2.83% 225B
-117.13x18.65x107.67x-.--% 116B
13.33x1.47x7.73x3.61% 110B
15.84x2.9x10.95x5.19% 92.77B
20.42x5.36x13.16x2.79% 61.54B
15.59x2.28x9.68x5.01% 50.56B
21.73x1.58x10.05x0.87% 40.71B
20.98x1.72x10.51x1.4% 40.51B
18.6x2.44x11.46x4.68% 38.74B
Average 3.67x 4.47x 21.61x 2.93% 86.14B
Weighted average by Cap. -1.05x 5.31x 25.67x 2.86%

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