Company Valuation: Elkem ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 18,833 22,334 13,413 11,111 19,331 11,340 - -
Change - 18.59% -39.94% -17.17% 73.99% -41.34% - -
Enterprise Value (EV) 1 23,660 24,949 22,863 21,438 31,214 17,754 16,739 15,754
Change - 5.45% -8.36% -6.23% 45.6% -43.12% -5.72% -5.88%
P/E 4.01x 2.34x 192x 22.8x -29x -46.5x 8.71x 6.76x
PBR 0.95x 0.78x 0.55x 0.43x 0.8x 1.1x 0.86x 0.79x
PEG - 0x -1.9x 0x 0x 1.3x -0x 0.2x
Capitalization / Revenue 0.56x 0.49x 0.38x 0.34x 0.63x 0.73x 0.64x 0.6x
EV / Revenue 0.7x 0.54x 0.64x 0.65x 1.01x 1.14x 0.94x 0.83x
EV / EBITDA 3.04x 1.94x 6.06x 5.17x 9.07x 9.16x 5.17x 4.18x
EV / EBIT 4.01x 2.01x 13.6x 16.6x 44.7x 19.6x 7.44x 5.76x
EV / FCF 13.3x 4.75x -12.4x -16.4x -27.3x 9.23x 19.2x 14.1x
FCF Yield 7.54% 21.1% -8.09% -6.08% -3.66% 10.8% 5.22% 7.08%
Dividend per Share 2 3 6 - - - - 1.332 2.023
Rate of return 10.1% 17% - - - - 4.26% 6.47%
EPS 2 7.44 15.04 0.11 0.77 -1.05 -0.6733 3.589 4.626
Distribution rate 40.3% 39.9% - - - - 37.1% 43.7%
Net sales 1 33,717 45,898 35,545 33,004 30,806 15,513 17,735 18,888
EBITDA 1 7,791 12,887 3,771 4,146 3,440 1,939 3,240 3,770
EBIT 1 5,899 12,414 1,682 1,294 699 906.1 2,251 2,736
Net income 1 4,628 9,561 72 488 -668 -197 1,399 1,719
Net Debt 1 4,827 2,615 9,450 10,327 11,883 6,413 5,398 4,413
Reference price 2 29.82 35.20 21.16 17.52 30.48 31.28 31.28 31.28
Nbr of stocks (in thousands) 6,31,546 6,34,477 6,33,890 6,34,169 6,34,219 3,62,548 - -
Announcement Date 09/02/22 08/02/23 08/02/24 12/02/25 13/02/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-46.46x1.14x9.16x-.--% 122.42Cr
38.69x5.23x21.32x1% 8.2TCr
33.88x5.12x21.89x1.89% 4.36TCr
23.93x2.84x14.86x2.19% 3.41TCr
15.25x1.58x8.76x2.75% 3.32TCr
39.49x7.1x18.82x1.57% 3.23TCr
14.66x1.4x8.66x2.17% 2.6TCr
39.41x9.55x29.29x2.25% 2.38TCr
26.04x2.81x11.41x1.72% 1.87TCr
7.99x2.25x4.48x3.28% 1.68TCr
Average 19.29x 3.90x 14.86x 1.88% 3.12TCr
Weighted average by Cap. 29.29x 4.45x 17.10x 1.85%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Elkem ASA

Historical PBR trend

Valuation ratios - PBR - Elkem ASA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Elkem ASA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Elkem ASA


Year-on-year evolution of the Yield

Valuation ratios - Yield - Elkem ASA