Company Valuation: Nel ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 22,213 21,654 11,513 4,518 4,103 3,661 - -
Change - -2.51% -46.83% -60.75% -9.2% -10.75% - -
Enterprise Value (EV) 1 19,513 21,654 8,172 2,903 2,718 2,530 3,000 3,205
Change - 10.97% -62.26% -64.48% -6.35% -6.92% 18.57% 6.85%
P/E -13.2x -18.2x -13.3x -18x -3.19x -6.1x -9.55x -13.2x
PBR 4.38x - 1.84x 0.91x 1.02x 1.04x 1.1x 1.31x
PEG - 0.5x 0.4x 0.3x -0x 0.1x 0.3x 0.5x
Capitalization / Revenue 27.8x 21.8x 6.49x 3.02x 3.73x 4.88x 2.67x 2.34x
EV / Revenue 24.5x 21.8x 4.61x 1.94x 2.47x 3.37x 2.19x 2.05x
EV / EBITDA -41.1x -27.8x -17.2x -16.8x -9.89x -5.77x -15.5x -25.1x
EV / EBIT -33.5x -16.9x -11.7x -7.45x -1.99x -4.04x -7.33x -10.9x
EV / FCF -23.6x - -5.8x -3.52x -5x -5.85x -6.23x -21.9x
FCF Yield -4.24% - -17.2% -28.4% -20% -17.1% -16.1% -4.57%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.15 -0.76 -0.52 -0.15 -0.7 -0.3264 -0.2087 -0.1515
Distribution rate - - - - - - - -
Net sales 1 798 993.6 1,773 1,495 1,100 750 1,371 1,564
EBITDA 1 -475.2 -779.9 -473.7 -172.9 -274.8 -438.5 -193.2 -127.7
EBIT 1 -582.9 -1,279 -699.5 -389.4 -1,365 -626.2 -409.3 -295.3
Net income 1 -1,667 -1,171 -855.2 -244.3 -1,265 -555.1 -350 -246.7
Net Debt 1 -2,700 - -3,341 -1,616 -1,384 -1,131 -661.5 -456.1
Reference price 2 15.210 13.855 6.890 2.704 2.232 1.992 1.992 1.992
Nbr of stocks (in thousands) 1,460,396 1,562,907 1,670,907 1,670,907 1,838,040 1,838,040 - -
Announcement Date 16/02/22 28/02/23 28/02/24 26/02/25 26/02/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.54x2.65x17.18x1.36% 142B
20.38x1.13x8.35x0.88% 28.79B
12.52x1.61x8.65x1.88% 25.35B
10.29x3.4x6.51x-.--% 19.32B
17.3x4.06x14.08x3.81% 14.84B
23.34x2.79x13.24x-.--% 13.37B
-14.06x0.99x24.54x-.--% 12.64B
17.84x1.11x9.29x1.5% 9.69B
-7.3x1.39x12.88x-.--% 7.56B
Average 12.65x 2.13x 12.75x 1.05% 30.4B
Weighted average by Cap. 23.30x 2.36x 14.29x 1.23%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Nel ASA

Historical PBR trend

Valuation ratios - PBR - Nel ASA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Nel ASA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Nel ASA


Year-on-year evolution of the Yield

Valuation ratios - Yield - Nel ASA