Financials Akastor ASA

Equities

AKAST

NO0010215684

Oil Related Services and Equipment

Market Closed - Oslo Bors 08:15:00 26/04/2024 pm IST 5-day change 1st Jan Change
13.54 NOK +1.04% Intraday chart for Akastor ASA +4.15% +16.12%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,700 1,923 1,450 2,508 3,172 3,708 - -
Enterprise Value (EV) 1 4,268 3,280 2,679 3,728 4,397 5,181 5,247 5,417
P/E ratio 26.9 x -3.31 x 1.58 x -9.13 x -12 x 20.8 x 14.7 x 18.3 x
Yield - - - - - - - -
Capitalization / Revenue 5,03,600 x 4,20,144 x 15,21,927 x 23,68,250 x 1,12,47,138 x - 1,04,00,118 x 98,60,750 x
EV / Revenue 7,96,083 x 7,16,626 x 28,11,539 x 35,20,280 x 1,55,91,110 x - 1,47,17,089 x 1,44,05,963 x
EV / EBITDA 8.67 x 9.91 x - -373 x -2,198 x 86.3 x 125 x 110 x
EV / FCF -28.6 x 18 x - 9.94 x - 44.5 x -82.6 x -52.1 x
FCF Yield -3.49% 5.55% - 10.1% - 2.25% -1.21% -1.92%
Price to Book 0.62 x 0.53 x 0.35 x 0.62 x 0.8 x 0.79 x 0.81 x 0.78 x
Nbr of stocks (in thousands) 2,71,610 2,71,610 2,71,610 2,72,015 2,72,015 2,73,829 - -
Reference price 2 9.940 7.080 5.340 9.220 11.66 13.54 13.54 13.54
Announcement Date 13/02/20 11/02/21 09/02/22 15/02/23 14/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 5,361 4,577 953 1,059 282 - 356.5 376
EBITDA 1 492 331 - -10 -2 60 42.14 49.12
EBIT 222 53 -82 -76 -31 - 14.14 21.12
Operating Margin 4.14% 1.16% -8.6% -7.18% -10.99% - 3.97% 5.62%
Earnings before Tax (EBT) 1 93 -383 -235 -259 -384 245 342 269.6
Net income 1 1 -588 919 -276 -264 179 253 202.9
Net margin 0.02% -12.85% 96.43% -26.06% -93.62% - 70.97% 53.97%
EPS 2 0.3700 -2.140 3.380 -1.010 -0.9700 0.6500 0.9200 0.7407
Free Cash Flow 1 -149 182 - 375 - 116.5 -63.5 -104
FCF margin -2.78% 3.98% - 35.41% - - -17.81% -27.66%
FCF Conversion (EBITDA) - 54.98% - - - 194.17% - -
FCF Conversion (Net income) - - - - - 65.08% - -
Dividend per Share - - - - - - - -
Announcement Date 13/02/20 11/02/21 09/02/22 15/02/23 14/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4
Net sales 1 247 - - 251 280 68 64 62 87 91 95 95
EBITDA 1 -15 - - -3 3 -17 -4 -4 23 18 21 21
EBIT 1 -51 - - -13 -7 -24 -11 -11 15 11 14 14
Operating Margin -20.65% - - -5.18% -2.5% -35.29% -17.19% -17.74% 17.24% 12.09% 14.74% 14.74%
Earnings before Tax (EBT) 1 -128 -111 68 91 -306 -32 -93 -99 -159 81 86 87
Net income 1 1,225 -140 69 90 -291 -28 11 -100 -150 60 63 64
Net margin 495.95% - - 35.86% -103.93% -41.18% 17.19% -161.29% -172.41% 65.93% 66.32% 67.37%
EPS 2 - - 0.2400 0.3400 -1.070 - 0.0500 - - 0.2200 0.2300 0.2300
Dividend per Share - - - - - - - - - - - -
Announcement Date 09/02/22 28/04/22 13/07/22 26/10/22 15/02/23 27/04/23 13/07/23 26/10/23 14/02/24 - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,568 1,357 1,229 1,220 1,225 1,473 1,539 1,709
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.187 x 4.1 x - -122 x -612.5 x 24.55 x 36.52 x 34.79 x
Free Cash Flow 1 -149 182 - 375 - 117 -63.5 -104
ROE (net income / shareholders' equity) 2.31% -14.7% - - -6.58% 13.1% 3.49% 4.38%
ROA (Net income/ Total Assets) 1.02% - - - -4.11% 8.82% 0.75% 2.1%
Assets 1 97.91 - - - 6,426 2,029 33,824 9,663
Book Value Per Share 2 16.00 13.50 15.10 14.90 14.50 17.10 16.70 17.40
Cash Flow per Share - - - - - - - -
Capex 56 29 112 - 15 - 3.77 4.16
Capex / Sales 1.04% 0.63% 11.75% - 5.32% - 1.06% 1.11%
Announcement Date 13/02/20 11/02/21 09/02/22 15/02/23 14/02/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
13.54 NOK
Average target price
18 NOK
Spread / Average Target
+32.94%
Consensus
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