Company Valuation: Atea ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 18,290 12,608 14,351 15,813 17,584 19,502 - -
Change - -31.06% 13.82% 10.19% 11.2% 10.91% - -
Enterprise Value (EV) 1 18,459 13,689 15,312 17,195 18,559 19,295 18,936 18,589
Change - -25.84% 11.86% 12.3% 7.93% 3.97% -1.86% -1.83%
P/E 24.5x 15.1x 18.1x 20.6x 20.4x 15.9x 14.6x 13.4x
PBR 5.18x 3.38x 3.46x 3.59x 3.94x 4.62x 4.25x 3.98x
PEG - 1.2x -3.19x -5.45x 1.6x 0.4x 1.54x 1.49x
Capitalization / Revenue 0.44x 0.39x 0.41x 0.46x 0.47x 0.47x 0.44x 0.41x
EV / Revenue 0.45x 0.42x 0.44x 0.5x 0.5x 0.46x 0.43x 0.4x
EV / EBITDA 11.1x 7.56x 7.93x 9.01x 8.61x 8.18x 6.98x 6.39x
EV / EBIT 17.6x 11.4x 12.3x 14.2x 13.4x 12.2x 10x 9.15x
EV / FCF 22.4x 19.3x 9.83x 10.7x 23.6x 9.61x 10.3x 9.44x
FCF Yield 4.46% 5.18% 10.2% 9.34% 4.24% 10.4% 9.66% 10.6%
Dividend per Share 2 5.5 6.25 7 7 7.5 8.162 9.734 10.49
Rate of return 3.35% 5.48% 5.42% 4.95% 4.75% 4.65% 5.54% 5.97%
EPS 2 6.7 7.57 7.14 6.87 7.73 11.02 12.06 13.15
Distribution rate 82.1% 82.6% 98% 102% 97% 74.1% 80.7% 79.8%
Net sales 1 41,316 32,397 34,704 34,583 37,376 41,553 43,944 47,008
EBITDA 1 1,660 1,811 1,932 1,908 2,156 2,358 2,712 2,908
EBIT 1 1,046 1,196 1,244 1,211 1,385 1,580 1,886 2,033
Net income 1 763 851 800 775 878 1,267 1,344 1,462
Net Debt 1 169 1,081 961 1,382 975 -207 -566.5 -913.5
Reference price 2 164.00 114.00 129.20 141.40 157.80 175.60 175.60 175.60
Nbr of stocks (in thousands) 1,11,522 1,10,598 1,11,076 1,11,833 1,11,430 1,11,440 - -
Announcement Date 08/02/22 09/02/23 08/02/24 06/02/25 10/02/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.14x3.77x13.17x2.87% 22TCr
-116.79x18.57x106.98x-.--% 12TCr
13.73x1.52x7.97x3.49% 11TCr
14.91x2.72x10.28x5.51% 8.7TCr
20.45x5.36x13.17x2.79% 6.22TCr
14.69x2.13x9.06x5.31% 4.74TCr
20.59x1.68x10.33x1.42% 3.98TCr
20.4x1.55x9.86x0.92% 3.88TCr
17.74x2.3x10.68x4.87% 3.68TCr
Average 3.21x 4.40x 21.28x 3.02% 8.48TCr
Weighted average by Cap. -1.63x 5.29x 25.56x 2.9%

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