Company Valuation: Orkla ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 88,000 70,737 78,651 98,263 111,353 88,960 - -
Change - -19.62% 11.19% 24.94% 13.32% -20.11% - -
Enterprise Value (EV) 1 101,207 88,337 98,434 115,156 126,051 106,475 105,897 105,132
Change - -12.72% 11.43% 16.99% 9.46% -15.53% -0.54% -0.72%
P/E 18.3x 14.1x 15.1x 16.2x 9.8x 14.1x 13.5x 12.6x
PBR 2.29x 1.7x 1.74x 2.04x 2.3x 2x 1.92x 1.79x
PEG - 3.09x 4.48x 1x 0.1x -0.3x 2.87x 1.86x
Capitalization / Revenue 1.74x 1.21x 1.16x 1.39x 1.56x 1.26x 1.22x 1.18x
EV / Revenue 2.01x 1.51x 1.45x 1.63x 1.76x 1.51x 1.46x 1.4x
EV / EBITDA 12.3x 9.14x 10.3x 10.7x 12.8x 10.6x 10.2x 9.67x
EV / EBIT 17.7x 12.8x 15.8x 15.7x 17.8x 14.5x 13.6x 12.8x
EV / FCF 27x 36x 22.7x 15x 18.5x 16.2x 16.9x 14.5x
FCF Yield 3.7% 2.78% 4.4% 6.66% 5.42% 6.16% 5.92% 6.91%
Dividend per Share 2 3 3 3 4 6 4.987 4.643 5.054
Rate of return 3.4% 4.23% 3.81% 4.07% 5.33% 5.39% 5.02% 5.46%
EPS 2 4.82 5.04 5.21 6.06 11.48 6.567 6.876 7.343
Distribution rate 62.2% 59.5% 57.6% 66% 52.3% 75.9% 67.5% 68.8%
Net sales 1 50,441 58,391 67,797 70,656 71,547 70,621 72,699 75,316
EBITDA 1 8,232 9,668 9,578 10,744 9,818 9,999 10,420 10,869
EBIT 1 5,730 6,897 6,234 7,351 7,086 7,345 7,770 8,191
Net income 1 4,808 5,019 5,196 6,057 11,473 6,648 6,551 7,274
Net Debt 1 13,207 17,600 19,783 16,893 14,698 17,515 16,937 16,172
Reference price 2 88.36 70.94 78.84 98.35 112.50 92.50 92.50 92.50
Nbr of stocks (in thousands) 995,929 997,144 997,605 999,118 989,802 961,731 - -
Announcement Date 10/02/22 14/02/23 08/02/24 13/02/25 12/02/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.09x1.51x10.65x5.39% 9.57B
14.96x1.08x7.03x4.76% 3.62B
8.46x1.12x6.92x6.76% 1.61B
17.24x1.22x9.7x5.33% 1.55B
14.77x - - - 1.39B
10.65x0.51x5.26x2.33% 955M
11.58x0.4x3.54x3.48% 599M
Average 13.11x 0.97x 7.18x 4.67% 2.76B
Weighted average by Cap. 13.83x 1.27x 8.98x 5.15%

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