Projected Income Statement: Equinor ASA

Forecast Balance Sheet: Equinor ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 867 -13,288 -7,069 6,639 11,888 8,710 9,521 10,817
Change - -1,632.64% 46.8% 193.92% 79.06% -26.73% 9.31% 13.61%
Announcement Date 09/02/22 07/02/23 07/02/24 05/02/25 04/02/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Equinor ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 8,040 8,758 10,575 12,177 13,994 12,859 10,998 11,667
Change - 8.93% 20.75% 15.15% 14.92% -8.11% -14.47% 6.09%
Free Cash Flow (FCF) 1 20,776 26,378 14,126 7,933 5,977 10,589 8,179 7,063
Change - 26.96% -46.45% -43.84% -24.66% 77.16% -22.76% -13.64%
Announcement Date 09/02/22 07/02/23 07/02/24 05/02/25 04/02/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Equinor ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 49.91% 56.5% 43.3% 39.28% 35.38% 42.78% 37.23% 35.42%
EBIT Margin (%) 36.83% 49.69% 33.8% 28.71% 25.92% 34.29% 28.33% 25.68%
EBT Margin (%) 34.74% 52.12% 35.35% 29.86% 23.57% 33.72% 26.84% 24.38%
Net margin (%) 9.42% 19.06% 11.09% 8.49% 4.74% 9.82% 8.09% 7.74%
FCF margin (%) 22.85% 17.49% 13.18% 7.64% 5.61% 8.88% 7.33% 6.73%
FCF / Net Income (%) 242.63% 91.76% 118.86% 90.09% 118.52% 90.37% 90.63% 86.95%

Profitability

        
ROA 7.35% 18.84% 7.88% 6.41% 3.84% 8.22% 6.39% 6.06%
ROE 27.44% 61.82% 23.2% 19.39% 15.51% 26.66% 17.97% 15.48%

Financial Health

        
Leverage (Debt/EBITDA) 0.02x - - 0.16x 0.32x 0.17x 0.23x 0.29x
Debt / Free cash flow 0.04x - - 0.84x 1.99x 0.82x 1.16x 1.53x

Capital Intensity

        
CAPEX / Current Assets (%) 8.84% 5.81% 9.87% 11.73% 13.14% 10.78% 9.86% 11.12%
CAPEX / EBITDA (%) 17.72% 10.28% 22.79% 29.87% 37.15% 25.19% 26.49% 31.39%
CAPEX / FCF (%) 38.7% 33.2% 74.86% 153.5% 234.13% 121.43% 134.47% 165.19%

Items per share

        
Cash flow per share 1 8.856 11.04 8.16 7.114 7.678 10.46 7.312 7.677
Change - 24.69% -26.1% -12.83% 7.94% 36.23% -30.1% 5%
Dividend per Share 1 0.71 2.9 3.4 2.47 1.5 1.578 1.667 1.761
Change - 308.45% 17.24% -27.35% -39.27% 5.2% 5.65% 5.59%
Book Value Per Share 1 12.02 17.01 16.02 15.01 15.59 19.15 20.68 22.03
Change - 41.54% -5.85% -6.3% 3.86% 22.82% 7.98% 6.53%
EPS 1 2.63 9.03 3.93 3.11 1.94 4.708 3.681 3.485
Change - 243.35% -56.48% -20.87% -37.62% 142.7% -21.81% -5.32%
Nbr of stocks (in thousands) 32,27,308 31,68,793 29,53,894 27,28,126 24,99,842 24,89,188 24,89,188 24,89,188
Announcement Date 09/02/22 07/02/23 07/02/24 05/02/25 04/02/26 - - -
1USD
Estimates
2026 *2027 *
P/E 7.17x 9.17x
PBR 1.76x 1.63x
EV / Sales 0.81x 0.88x
Yield 4.67% 4.94%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
25
Last Close Price
35.35USD
Average target price
35.67USD
Spread / Average Target
+0.91%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. EQNR Stock
  4. Financials Equinor ASA