Projected Income Statement: B2 Impact ASA

Forecast Balance Sheet: B2 Impact ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 9,067 9,042 9,035 9,286 9,884 10,652 11,492 11,418
Change - -0.28% -0.08% 2.78% 6.44% 7.77% 7.89% -0.64%
Announcement Date 10/02/22 15/02/23 15/02/24 13/02/25 12/02/26 - - -
1NOK in Million
Estimates

Cash Flow Forecast: B2 Impact ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,192 2,157 2,584 2,168 3,463 3,971 3,824 3,941
Change - 80.96% 19.8% -16.1% 59.73% 14.67% -3.7% 3.05%
Free Cash Flow (FCF) 1 2,302 1,242 2,151 1,882 1,240 581 1,064 1,274
Change - -46.05% 73.19% -12.51% -34.11% -53.15% 83.22% 19.73%
Announcement Date 10/02/22 15/02/23 15/02/24 13/02/25 12/02/26 - - -
1NOK in Million
Estimates

Forecast Financial Ratios: B2 Impact ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 45.98% 45.93% 44.61% 43.2% 48.82% 49.3% 50.6% 50.99%
EBIT Margin (%) 43.08% 43.24% 41.8% 40.73% 46.13% 47.22% 48.68% 49.14%
EBT Margin (%) 24.44% 13.65% 12.4% 9.72% 21.34% 26.59% 28.98% 28.87%
Net margin (%) 18.87% 10.57% 9.62% 7.52% 16.52% 20.98% 22.56% 22.47%
FCF margin (%) 75.82% 40.26% 56.98% 51.1% 32.99% 14.47% 25.25% 28.95%
FCF / Net Income (%) 401.75% 380.98% 592.56% 679.42% 199.68% 68.99% 111.92% 128.85%

Profitability

        
ROA 3.53% 2.05% 2.86% 3.38% - - - -
ROE 12.2% 10.7% 8.9% 10% 12% 14.83% 16.67% 17.03%

Financial Health

        
Leverage (Debt/EBITDA) 6.49x 6.38x 5.37x 5.84x 5.39x 5.38x 5.39x 5.09x
Debt / Free cash flow 3.94x 7.28x 4.2x 4.93x 7.97x 18.33x 10.8x 8.96x

Capital Intensity

        
CAPEX / Current Assets (%) 39.26% 69.92% 68.45% 58.87% 92.13% 98.91% 90.7% 89.51%
CAPEX / EBITDA (%) 85.39% 152.22% 153.44% 136.27% 188.72% 200.62% 179.25% 175.53%
CAPEX / FCF (%) 51.78% 173.67% 120.13% 115.2% 279.27% 683.48% 359.23% 309.19%

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 0.42 0.2 0.7 1.5 1.9 2.283 2.47 2.573
Change - -52.38% 250% 114.29% 26.67% 20.18% 8.18% 4.18%
Book Value Per Share 1 12.18 13 14.43 15.24 15.44 15.35 15.72 15.96
Change - 6.71% 11.04% 5.64% 1.29% -0.59% 2.38% 1.59%
EPS 1 1.39 0.82 0.94 0.75 1.66 2.253 2.547 2.647
Change - -41.01% 14.63% -20.21% 121.33% 35.74% 13.02% 3.93%
Nbr of stocks (in thousands) 407,086 387,181 368,595 368,532 369,727 370,870 370,870 370,870
Announcement Date 10/02/22 15/02/23 15/02/24 13/02/25 12/02/26 - - -
1NOK
Estimates
2026 *2027 *
P/E 11.6x 10.4x
PBR 1.68x 1.64x
EV / Sales 5.04x 4.94x
Yield 8.46% 9.37%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
25.80NOK
Average target price
29.13NOK
Spread / Average Target
+12.92%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. B2H Stock
  4. Financials B2 Impact ASA