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 3,621 - -
Change - -2.51% -46.83% -60.75% -9.2% -11.74% - -
Enterprise Value (EV) 1 19,513 21,654 8,172 2,903 2,718 2,810 2,912 3,089
Change - 10.97% -62.26% -64.48% -6.35% 3.36% 3.64% 6.07%
P/E -13.2x -18.2x -13.3x -18x -3.19x -6.07x -9.03x -12x
PBR 4.38x - 1.84x 0.91x 1.02x 1.03x 1.1x 1.33x
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 4.46x 2.66x 2.12x
EV / Revenue 24.5x 21.8x 4.61x 1.94x 2.47x 3.46x 2.14x 1.8x
EV / EBITDA -41.1x -27.8x -17.2x -16.8x -9.89x -6.63x -13.7x -21.8x
EV / EBIT -33.5x -16.9x -11.7x -7.45x -1.99x -4.52x -6.81x -9.78x
EV / FCF -23.6x - -5.8x -3.52x -5x -4.07x -7.88x -13.1x
FCF Yield -4.24% - -17.2% -28.4% -20% -24.6% -12.7% -7.62%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.15 -0.76 -0.52 -0.15 -0.7 -0.3244 -0.218 -0.1646
Distribution rate - - - - - - - -
Net sales 1 798 993.6 1,773 1,495 1,100 811.1 1,361 1,712
EBITDA 1 -475.2 -779.9 -473.7 -172.9 -274.8 -423.5 -212.3 -141.8
EBIT 1 -582.9 -1,279 -699.5 -389.4 -1,365 -621 -427.5 -315.8
Net income 1 -1,667 -1,171 -855.2 -244.3 -1,265 -579.1 -388.7 -288.3
Net Debt 1 -2,700 - -3,341 -1,616 -1,384 -811.3 -709 -532.4
Reference price 2 15.210 13.855 6.890 2.704 2.232 1.970 1.970 1.970
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.($)
27.9x2.19x14.18x1.63% 118B
19.64x1.08x7.98x0.9% 27.33B
10.72x1.34x7.13x2.18% 21.69B
9.63x3.15x6.01x-.--% 18.07B
15.25x3.46x12.03x4.45% 13.3B
-14.44x1.03x25.54x-.--% 13.06B
20.15x2.39x11.27x-.--% 11.6B
16.04x1x8.03x1.81% 8.17B
-7.34x1.4x12.91x-.--% 7.64B
Average 10.84x 1.89x 11.68x 1.22% 26.52B
Weighted average by Cap. 19.08x 2.01x 12.32x 1.41%

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