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 19,056 - -
Change - -31.06% 13.82% 10.19% 11.2% 8.38% - -
Enterprise Value (EV) 1 18,459 13,689 15,312 17,195 18,559 18,849 18,490 18,143
Change - -25.84% 11.86% 12.3% 7.93% 1.57% -1.91% -1.88%
P/E 24.5x 15.1x 18.1x 20.6x 20.4x 15.5x 14.2x 13x
PBR 5.18x 3.38x 3.46x 3.59x 3.94x 4.5x 4.14x 3.88x
PEG - 1.2x -3.19x -5.45x 1.6x 0.4x 1.5x 1.45x
Capitalization / Revenue 0.44x 0.39x 0.41x 0.46x 0.47x 0.46x 0.43x 0.41x
EV / Revenue 0.45x 0.42x 0.44x 0.5x 0.5x 0.45x 0.42x 0.39x
EV / EBITDA 11.1x 7.56x 7.93x 9.01x 8.61x 7.99x 6.82x 6.24x
EV / EBIT 17.6x 11.4x 12.3x 14.2x 13.4x 11.9x 9.8x 8.93x
EV / FCF 22.4x 19.3x 9.83x 10.7x 23.6x 9.39x 10.1x 9.21x
FCF Yield 4.46% 5.18% 10.2% 9.34% 4.24% 10.7% 9.9% 10.9%
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% 4.77% 5.69% 6.13%
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 2 164.00 114.00 129.20 141.40 157.80 171.00 171.00 171.00
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.($)
15.51x0.45x7.99x4.77% 1.99B
23.33x3.76x13.14x2.87% 222B
-111.05x17.66x101.96x-.--% 110B
12.61x1.39x7.32x3.81% 104B
15.94x2.92x11.02x5.16% 93.57B
21.19x5.51x13.53x2.7% 63.41B
15.29x2.23x9.48x5.11% 49.7B
20.51x1.51x9.56x0.93% 38.71B
18.66x2.4x11.5x4.66% 38.97B
19.39x1.58x9.66x1.51% 37.83B
Average 5.14x 3.94x 19.52x 3.15% 75.98B
Weighted average by Cap. 0.23x 5.09x 24.25x 2.93%

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