Valuation Norsk Hydro ASA

Equities

Market Closed - Oslo Bors Other stock markets 18:45:00 05/06/2026 +04			5-day change	1st Jan Change
116.05 ^NOK	-1.74%		+2.52%	+48.40%

06-03	Nordic Equities in North America - Ericsson Gains 0.7 Percent	FW
06-02	Deutsche Bank raises Norsk Hydro price target to NOK 110 (100), reiterates Hold	FW

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	142,619	149,900	137,630	123,741	154,718	228,071	-	-
Change	-	5.11%	-8.19%	-10.09%	25.03%	47.41%	-	-
Enterprise Value (EV) ¹	139,406	148,590	146,460	139,717	172,918	237,362	235,390	233,039
Change	-	6.59%	-1.43%	-4.6%	23.76%	37.27%	-0.83%	-1%
P/E ratio	11.7x	6.22x	38.6x	21.6x	22.9x	12.5x	11.8x	13.3x
PBR	1.7x	1.47x	1.38x	1.23x	1.54x	2.07x	1.93x	1.85x
PEG	-	0.1x	-0.5x	0.3x	1.3x	0x	1.8x	-1.2x
Capitalization / Revenue	0.95x	0.72x	0.71x	0.61x	0.74x	1.07x	1.03x	1.03x
EV / Revenue	0.93x	0.71x	0.76x	0.69x	0.83x	1.11x	1.06x	1.06x
EV / EBITDA	4.98x	3.75x	6.58x	5.31x	5.99x	6.28x	5.92x	6.38x
EV / EBIT	6.71x	4.77x	11.3x	8.58x	9.27x	8.66x	8.1x	9.15x
EV / FCF	29.9x	7.51x	17.1x	77.6x	14.7x	21.5x	14.9x	16.5x
FCF Yield	3.34%	13.3%	5.86%	1.29%	6.78%	4.66%	6.72%	6.05%
Dividend per Share ²	5.4	5.65	2.5	2.25	3	5.439	5.971	5.276
Rate of return	7.77%	7.71%	3.65%	3.6%	3.84%	4.69%	5.15%	4.55%
EPS ²	5.93	11.78	1.77	2.9	3.41	9.253	9.859	8.739
Distribution rate	91.1%	48%	141%	77.6%	88%	58.8%	60.6%	60.4%
Net sales ¹	149,654	207,929	193,619	203,636	207,971	214,014	221,849	220,432
EBITDA ¹	28,010	39,664	22,258	26,318	28,889	37,798	39,751	36,504
EBIT ¹	20,786	31,179	12,983	16,284	18,663	27,414	29,056	25,470
Net income ¹	13,930	24,154	3,583	5,790	6,717	18,158	19,577	17,188
Net Debt ¹	-3,213	-1,310	8,830	15,976	18,200	9,291	7,319	4,968
Reference price ²	69.52	73.32	68.40	62.54	78.20	116.05	116.05	116.05
Nbr of stocks (in thousands)	2,051,476	2,044,467	2,012,141	1,978,589	1,978,489	1,965,278	-	-
Announcement Date	22/02/22	14/02/23	13/02/24	13/02/25	13/02/26	-	-	-

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
NORSK HYDRO ASA	12.54x	1.11x	6.28x	4.69%	24.16B
SHANDONG HONGQIAO ALUMINUM INDUSTRY HOLDING COMPANY LIMITED	7.58x	1.28x	4.69x	-	35.84B
ALUMINUM CORPORATION OF CHINA LIMITED	6.79x	0.68x	3.04x	5.93%	26.24B
HINDALCO INDUSTRIES LIMITED	15.55x	1.12x	8.7x	0.52%	25.46B
ALCOA CORPORATION	9.62x	1.26x	5.77x	0.56%	18.97B
INNER MONGOLIA DIAN TOU ENERGY CORPORATION LIMITED	9.79x	-	-	3.22%	12.65B
TIANSHAN ALUMINUM GROUP CO.,LTD	6.97x	1.71x	4.9x	7.27%	9.36B
HENAN SHENHUO COAL INDUSTRY AND ELECTRICITY POWER CO. LTD	7.47x	1.33x	3.92x	6.85%	9.17B
NATIONAL ALUMINIUM COMPANY LIMITED	10.63x	3.06x	6.6x	3.26%	7.63B
CHUANGXIN INDUSTRIES HOLDINGS LIMITED	7.27x	1.97x	4.94x	7.21%	5.14B
Average	9.42x	1.50x	5.43x	4.39%	17.46B
Weighted average by Cap.	9.78x	1.26x	5.48x	3.79%