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 18,298 - -
Change - -31.06% 13.82% 10.19% 11.2% 4.07% - -
Enterprise Value (EV) 1 18,459 13,689 15,312 17,195 18,559 18,091 17,732 17,385
Change - -25.84% 11.86% 12.3% 7.93% -2.52% -1.99% -1.96%
P/E 24.5x 15.1x 18.1x 20.6x 20.4x 14.9x 13.6x 12.5x
PBR 5.18x 3.38x 3.46x 3.59x 3.94x 4.32x 3.98x 3.72x
PEG - 1.2x -3.19x -5.45x 1.6x 0.3x 1.44x 1.39x
Capitalization / Revenue 0.44x 0.39x 0.41x 0.46x 0.47x 0.44x 0.42x 0.39x
EV / Revenue 0.45x 0.42x 0.44x 0.5x 0.5x 0.44x 0.4x 0.37x
EV / EBITDA 11.1x 7.56x 7.93x 9.01x 8.61x 7.67x 6.54x 5.98x
EV / EBIT 17.6x 11.4x 12.3x 14.2x 13.4x 11.4x 9.4x 8.55x
EV / FCF 22.4x 19.3x 9.83x 10.7x 23.6x 9.01x 9.69x 8.83x
FCF Yield 4.46% 5.18% 10.2% 9.34% 4.24% 11.1% 10.3% 11.3%
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% 4.97% 5.93% 6.39%
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 2 164.00 114.00 129.20 141.40 157.80 164.20 164.20 164.20
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.9x0.44x7.67x4.97% 1.91B
21.16x3.48x12.12x3.16% 202B
-93.89x14.84x85.94x-.--% 92.91B
10.88x1.2x6.29x4.42% 89.95B
14.62x2.66x10.06x5.62% 84.7B
20.17x5.27x12.97x2.84% 59.85B
13.61x1.98x8.38x5.73% 43.77B
17.31x2.21x10.6x5.02% 35.71B
18.74x1.51x9.48x1.58% 34.75B
19.59x1.45x9.18x1.01% 34.43B
Average 5.71x 3.50x 17.27x 3.44% 67.98B
Weighted average by Cap. 2.26x 4.41x 20.64x 3.25%

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