Financials Elmera Group ASA

Equities

FKRFT

NO0010815673

Electric Utilities

Market Closed - Oslo Bors 08:15:00 13/05/2024 pm IST 5-day change 1st Jan Change
32.2 NOK -0.16% Intraday chart for Elmera Group ASA -5.99% +6.62%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,061 9,565 5,448 1,737 3,282 3,509 - -
Enterprise Value (EV) 1 5,492 9,893 5,947 2,571 3,849 4,121 3,989 3,893
P/E ratio 16.5 x 22.7 x 16.1 x 24.2 x 17.4 x 18.8 x 15.4 x 12.4 x
Yield 5.17% 4.18% 7.34% 9.38% 4.97% 6.31% 5.74% 6.72%
Capitalization / Revenue 0.85 x 2.27 x 0.36 x 0.07 x 0.17 x 0.26 x 0.27 x 0.27 x
EV / Revenue 0.77 x 2.35 x 0.39 x 0.1 x 0.2 x 0.31 x 0.31 x 0.3 x
EV / EBITDA 8.03 x 11.9 x 6.64 x 3.58 x 4.96 x 5.35 x 5.09 x 4.89 x
EV / FCF 7.68 x -16.6 x 22.3 x -6.2 x 3.99 x 10.4 x 10.1 x 11.1 x
FCF Yield 13% -6.03% 4.49% -16.1% 25.1% 9.63% 9.93% 9.03%
Price to Book 6.04 x 4.92 x 3.06 x 1.43 x 2.35 x 2.58 x 2.52 x 2.44 x
Nbr of stocks (in thousands) 1,04,496 1,14,282 1,14,302 1,08,634 1,08,661 1,08,967 - -
Reference price 2 58.00 83.70 47.66 15.99 30.20 32.20 32.20 32.20
Announcement Date 13/02/20 19/02/21 10/02/22 16/02/23 15/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,123 4,215 15,209 25,522 18,921 13,254 12,884 13,194
EBITDA 1 683.7 830.3 896.3 717.7 776.6 770.8 784.1 796.6
EBIT 1 482.7 525.2 586 460.1 513.2 369.5 413 454.5
Operating Margin 6.78% 12.46% 3.85% 1.8% 2.71% 2.79% 3.21% 3.44%
Earnings before Tax (EBT) 1 490.4 513.7 444.5 128.7 237.6 242.5 297.5 367.2
Net income 1 370.2 400.1 342.4 73.85 192.3 188.6 231.5 284.7
Net margin 5.2% 9.49% 2.25% 0.29% 1.02% 1.42% 1.8% 2.16%
EPS 2 3.510 3.690 2.960 0.6600 1.740 1.708 2.097 2.587
Free Cash Flow 1 715 -596.7 266.8 -414.4 965.6 397 396 351.5
FCF margin 10.04% -14.16% 1.75% -1.62% 5.1% 3% 3.07% 2.66%
FCF Conversion (EBITDA) 104.58% - 29.76% - 124.34% 51.51% 50.5% 44.13%
FCF Conversion (Net income) 193.15% - 77.92% - 502.19% 210.54% 171.09% 123.44%
Dividend per Share 2 3.000 3.500 3.500 1.500 1.500 2.033 1.849 2.163
Announcement Date 13/02/20 19/02/21 10/02/22 16/02/23 15/02/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 2,384 6,184 6,891 4,890 6,291 8,518 8,033 3,513 2,215 5,160 5,367 2,193 1,799 3,912
EBITDA 1 139.7 250.1 222.8 185.7 185.6 95.64 265.9 172.1 119.4 219.2 294.7 155.6 92.46 243.1
EBIT 1 88.81 140.8 160.4 123.1 121 27.5 197.8 105.5 53.1 156.8 229.8 78.5 32 166.5
Operating Margin 3.73% 2.28% 2.33% 2.52% 1.92% 0.32% 2.46% 3% 2.4% 3.04% 4.28% 3.58% 1.78% 4.26%
Earnings before Tax (EBT) 1 28.34 132.2 143.5 87.13 39.67 -52.54 117.3 7.504 3.351 109.4 136.7 31.7 -27 112.6
Net income 1 21.95 87.56 110 74.64 25.56 -44.36 96.5 9.484 -1.642 87.94 105.4 20.49 -21 87.77
Net margin 0.92% 1.42% 1.6% 1.53% 0.41% -0.52% 1.2% 0.27% -0.07% 1.7% 1.96% 0.93% -1.17% 2.24%
EPS 2 0.1900 0.7600 0.9500 0.6600 0.2300 -0.4100 0.8700 0.0900 -0.0200 0.8000 0.9500 0.1681 -0.0714 1.125
Dividend per Share 2 - 3.500 - - - 1.500 - - - - - - - 2.500
Announcement Date 11/11/21 10/02/22 04/05/22 17/08/22 03/11/22 16/02/23 10/05/23 16/08/23 01/11/23 15/02/24 08/05/24 - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 328 500 834 568 612 480 384
Net Cash position 1 569 - - - - - - -
Leverage (Debt/EBITDA) - 0.3946 x 0.5575 x 1.162 x 0.7308 x 0.7938 x 0.6121 x 0.4824 x
Free Cash Flow 1 715 -597 267 -414 966 397 396 352
ROE (net income / shareholders' equity) 39.5% 27.1% 18.4% 5.07% 14.6% 13.5% 16.3% 19.3%
ROA (Net income/ Total Assets) - 9.83% 4.63% 0.6% 1.69% 2.2% 3% 3.4%
Assets 1 - 4,069 7,393 12,245 11,367 8,571 7,715 8,375
Book Value Per Share 2 9.600 17.00 15.60 11.20 12.90 12.50 12.80 13.20
Cash Flow per Share - - - - - - - -
Capex 1 51.4 65.3 86 44.3 52.8 62.3 53 72.5
Capex / Sales 0.72% 1.55% 0.57% 0.17% 0.28% 0.47% 0.41% 0.55%
Announcement Date 13/02/20 19/02/21 10/02/22 16/02/23 15/02/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
32.2 NOK
Average target price
29.67 NOK
Spread / Average Target
-7.87%
Consensus
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