Company Valuation: Photocure ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,769 2,895 1,827 1,681 1,900 1,427 - -
Change - 4.55% -36.89% -8.01% 13.04% -24.91% - -
Enterprise Value (EV) 1 2,483 2,639 1,567 1,387 1,661 1,221 1,258 1,234
Change - 6.28% -40.61% -11.53% 19.77% -26.51% 3.03% -1.91%
P/E -89.3x -40.2x 6,740x -344x -1,190x 21.7x 40.1x 42.1x
PBR - - - - - 2.4x 4.36x 4.3x
PEG - -0x -67x 0x 17.9x -0x -0.9x -8.8x
Capitalization / Revenue 7.68x 7.73x 4.09x 3.42x 3.57x 2.15x 2.12x 1.96x
EV / Revenue 6.89x 7.05x 3.51x 2.82x 3.12x 1.84x 1.87x 1.7x
EV / EBITDA 136x -107x 28.2x 28.2x 57.8x 9.84x 14.5x 12.6x
EV / EBIT -426x -53.9x 56.4x 68x -2,229x 13.1x 22.9x 19x
EV / FCF 113x -469x 35.4x 18.4x 95x 17.7x 33.1x 58.7x
FCF Yield 0.89% -0.21% 2.82% 5.43% 1.05% 5.65% 3.02% 1.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.15 -2.66 0.01 -0.18 -0.06 2.44 1.323 1.26
Distribution rate - - - - - - - -
Net sales 1 360.5 374.5 446.2 491.7 532.6 664.3 673.3 726.7
EBITDA 1 18.3 -24.63 55.49 49.19 28.73 124 86.67 97.67
EBIT 1 -5.826 -49 27.81 20.4 -0.745 93 55 65
Net income 1 -30.9 -71.86 0.267 -4.81 -1.519 65 35.67 46
Net Debt 1 -285.4 -255.6 -259.5 -293.9 -238.9 -206 -169 -193
Reference price 2 102.70 106.80 67.40 62.00 71.40 53.00 53.00 53.00
Nbr of stocks (in thousands) 26,960 27,106 27,106 27,106 26,607 26,917 - -
Announcement Date 23/02/22 23/02/23 21/02/24 19/02/25 18/02/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.03x12.19x25.61x0.59% 1,024B
27.48x6.29x17.54x2.1% 618B
32.57x7.42x15.35x2.76% 443B
19.7x4.68x11.59x2.83% 349B
21.76x4.48x12.7x1.96% 264B
13.48x5.05x10.4x3.71% 209B
25.29x6.61x11.66x2.62% 208B
-46.92x5.63x31.08x2.53% 162B
12.69x3.11x7.86x6.88% 143B
Average 15.68x 6.16x 15.98x 2.89% 379.88B
Weighted average by Cap. 24.04x 7.68x 18.14x 2.14%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA