Company Valuation: Vow ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026
Market Cap 1 2,689 2,023 1,325 576.2 810.3 697
Change - -24.78% -34.5% -56.52% 40.63% -13.98%
Enterprise Value (EV) 1 2,856 2,463 1,990 924.4 1,172 966
Change - -13.74% -19.23% -53.54% 26.76% -17.56%
P/E - 148x -8.69x -2.65x -2.91x 2.75x
PBR 5.12x 3.85x 3.49x 1.07x 3.76x 0.52x
PEG - - 0x 0.1x -0.1x -0x
Capitalization / Revenue 5.92x 2.58x 1.44x 0.57x 0.78x 0.43x
EV / Revenue 6.29x 3.15x 2.17x 0.91x 1.13x 0.6x
EV / EBITDA 65.6x 26.7x -85x 19.1x -19.8x 4x
EV / EBIT 149x 41.1x -26.3x -94.3x -5.18x 5.33x
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 - 0.12 -1.34 -0.75 -0.96 0.8736
Distribution rate - - - - - -
Net sales 1 454.1 782.8 918.5 1,018 1,034 1,615
EBITDA 1 43.5 92.2 -23.4 48.3 -59.2 241.4
EBIT 1 19.2 60 -75.6 -9.8 -226.4 181.2
Net income 1 319.9 31.8 -137.6 -90.2 -286.6 128.4
Net Debt 1 166.3 440.3 664.4 348.2 361.5 269
Reference price 2 23.460 17.770 11.640 1.984 2.790 2.400
Nbr of stocks (in thousands) 114,640 113,841 113,841 290,418 290,419 290,419
Announcement Date 23/02/22 23/02/23 28/02/24 26/02/25 25/02/26 -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
2.75x0.6x4x-.--% 74.96M
35.58x5.02x15.12x0.85% 41.56B
-73.44x4.12x13.45x0.13% 15.77B
1558.83x3.46x15.13x-.--% 5.95B
27.94x1.74x8.47x2.84% 4.2B
11.33x - - - 3.75B
10.47x - - 4.3% 3.64B
14.21x - - - 3.3B
Average 198.46x 2.99x 11.24x 1.35% 9.78B
Weighted average by Cap. 125.83x 4.46x 14.31x 0.91%

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