Company Valuation: Cambi ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,489 821.4 2,848 2,320 2,624 3,921 - -
Change - -44.82% 246.79% -18.54% 13.1% 49.39% - -
Enterprise Value (EV) 1 1,220 553.9 2,501 2,166 2,336 3,633 3,541 3,334
Change - -54.6% 351.55% -13.41% 7.88% 55.51% -2.53% -5.86%
P/E 133x - - - - 35x 14.2x 10.9x
PBR - - - - 5.6x 8.07x 5.85x 4.21x
PEG - - - - - - 0x 0.4x
Capitalization / Revenue 3.25x 1.87x 2.92x 2.25x 2.46x 3.81x 2.81x 2.39x
EV / Revenue 2.66x 1.26x 2.56x 2.1x 2.19x 3.53x 2.54x 2.03x
EV / EBITDA 31x 205x 10x 9.59x 14.7x 24.3x 10.1x 7.06x
EV / EBIT 39.7x -35.5x 11.1x 10.8x 16.7x 27.2x 10.5x 7.28x
EV / FCF -5.73x 5.75x 12.9x -58.1x 8.82x 55.1x 24.3x 11.2x
FCF Yield -17.4% 17.4% 7.74% -1.72% 11.3% 1.82% 4.12% 8.91%
Dividend per Share 2 - - 0.75 - 0.75 0.74 0.225 0.625
Rate of return - - 4.21% - 4.57% 3.02% 0.92% 2.55%
EPS 2 0.07 - - - - 0.7005 1.721 2.257
Distribution rate - - - - - 106% 13.1% 27.7%
Net sales 1 458.3 440.3 976.6 1,033 1,068 1,030 1,394 1,644
EBITDA 1 39.4 2.7 249.3 225.7 158.7 149.5 351.3 472.4
EBIT 1 30.7 -15.6 225.1 199.6 139.9 133.8 337.1 457.7
Net income 1 17.5 -12.7 185.2 149.3 129.5 111.6 275.4 361
Net Debt 1 -268.6 -267.5 -347.4 -154.8 -288.1 -287.3 -379.4 -586.7
Reference price 2 9.30 5.19 17.80 14.50 16.40 24.50 24.50 24.50
Nbr of stocks (in thousands) 160,074 158,263 160,026 160,026 160,026 160,026 - -
Announcement Date 08/03/22 07/03/23 07/03/24 03/03/25 25/02/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
34.4x3.46x23.88x3.07% 405M
14.97x5.42x9.19x3.31% 18.17B
14.52x7.48x12.49x3.96% 13.73B
19.64x6.64x13.36x4.25% 12.22B
18.11x8.22x14.42x3.55% 11.28B
22.26x - - 2.54% 3.27B
9.75x - - - 3.11B
10.42x - - - 2.96B
18x - - 2.91% 2.84B
19.41x5.19x12.56x6.69% 2.81B
Average 18.15x 6.07x 14.32x 3.79% 7.08B
Weighted average by Cap. 16.52x 6.67x 12.10x 3.76%

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