Valuation B2 Impact ASA

Stocks

Real-time Oslo Bors 16:26:01 23/09/2026 +04			5-day change	1st Jan Change
25.00 ^NOK	+1.42%		+7.99%	+37.06%

09-15	Alfred Berg Nordic High Yield rose 0.63 percent in August, participated in new issues from B2 Impact and Ocean Yield	FW
09-15	Alfred Berg Income rose 0.36 percent in August, participated in new issues from Arva, B2 Impact and Scatec	FW

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	4,217	3,043	2,709	3,707	6,744	9,142	-	-
Change	-	-27.84%	-10.98%	36.85%	81.9%	35.56%	-	-
Enterprise Value (EV) ¹	13,284	12,085	11,744	12,993	16,628	19,794	20,634	20,560
Change	-	-9.03%	-2.82%	10.64%	27.97%	19.04%	4.24%	-0.36%
P/E	7.45x	9.59x	7.82x	13.4x	11x	10.9x	9.68x	9.31x
PBR	0.85x	0.6x	0.51x	0.66x	1.18x	1.61x	1.57x	1.54x
PEG	-	-0.2x	0.5x	-0.7x	0x	0.3x	0.7x	2.37x
Capitalization / Revenue	1.39x	0.99x	0.72x	1.01x	1.79x	2.31x	2.18x	2.09x
EV / Revenue	4.38x	3.92x	3.11x	3.53x	4.42x	4.99x	4.92x	4.7x
EV / EBITDA	9.52x	8.53x	6.97x	8.17x	9.06x	10x	9.67x	9.16x
EV / EBIT	10.2x	9.06x	7.44x	8.66x	9.59x	10.4x	10.1x	9.5x
EV / FCF	5.77x	9.73x	5.46x	6.9x	13.4x	63.7x	19.4x	16.1x
FCF Yield	17.3%	10.3%	18.3%	14.5%	7.46%	1.57%	5.16%	6.2%
Dividend per Share ²	0.42	0.2	0.7	1.5	1.9	2.283	2.47	2.573
Rate of return	4.05%	2.54%	9.52%	14.9%	10.4%	9.26%	10%	10.4%
EPS ²	1.39	0.82	0.94	0.75	1.66	2.253	2.547	2.647
Distribution rate	30.2%	24.4%	74.5%	200%	114%	101%	97%	97.2%
Net sales ¹	3,036	3,085	3,775	3,683	3,759	3,964	4,191	4,374
EBITDA ¹	1,396	1,417	1,684	1,591	1,835	1,979	2,133	2,245
EBIT ¹	1,308	1,334	1,578	1,500	1,734	1,896	2,052	2,164
Net income ¹	573	326	363	277	621	842.1	951.1	989.2
Net Debt ¹	9,067	9,042	9,035	9,286	9,884	10,652	11,492	11,418
Reference price ²	10.36	7.86	7.35	10.06	18.24	24.65	24.65	24.65
Nbr of stocks (in thousands)	407,086	387,181	368,595	368,532	369,727	370,870	-	-
Announcement Date	10/02/22	15/02/23	15/02/24	13/02/25	12/02/26	-	-	-

¹NOK in Million²NOK

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
B2 IMPACT ASA	10.94x	4.99x	10x	9.26%	967M
MITSUBISHI HC CAPITAL INC.	12.36x	4.23x	46.54x	3.85%	12.61B
POWER FINANCE CORPORATION LIMITED	5.81x	-	-	5.22%	11.94B
INDIAN RAILWAY FINANCE CORPORATION LIMITED	11.59x	-	-	4.25%	10.94B
REC LIMITED	4.76x	-	-	6.64%	8.46B
L&T FINANCE LIMITED	19.47x	14.97x	36.06x	1.21%	7.96B
ELEMENT FLEET MANAGEMENT CORP.	14.04x	-	-	2.88%	6.9B
CHAILEASE HOLDING COMPANY LIMITED	8.97x	8.59x	19.67x	5.46%	5.95B
Average	10.99x	8.20x	28.07x	4.85%	8.22B
Weighted average by Cap.	10.78x	8.31x	36.41x	4.33%