NORVA24 GROUP AB |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 27.6 SEK | -3.16% |
|
-2.82% | +16.46% |
| 03/05 | Norva24 Boosts Denmark Portfolio with Purchase of Nordic Powergroup | MT |
| 03/05 | Norva24 Group AB (OM:NORVA) agreed to acquire Nordic Powergroup Holding A/S for DKK 260 million. | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 6,106 | 5,824 | 4,369 | 5,201 | - | - |
| Enterprise Value (EV) 2 | 6,869 | 6,898 | 5,620 | 6,261 | 6,027 | 5,665 |
| P/E ratio | 39.7 x | 44.1 x | 19.4 x | 25.9 x | 21.6 x | 18 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 3.01 x | 2.36 x | 1.39 x | 1.52 x | 1.44 x | 1.36 x |
| EV / Revenue | 3.39 x | 2.8 x | 1.78 x | 1.83 x | 1.66 x | 1.48 x |
| EV / EBITDA | 14.9 x | 13.3 x | 8.81 x | 8.63 x | 7.72 x | 6.66 x |
| EV / FCF | 106 x | 23 x | 14 x | 18.3 x | 15.6 x | 13 x |
| FCF Yield | 0.95% | 4.34% | 7.14% | 5.46% | 6.4% | 7.69% |
| Price to Book | 3.59 x | 3.54 x | 2.13 x | 2.33 x | 2.1 x | 1.89 x |
| Nbr of stocks (in thousands) | 1,82,474 | 1,82,683 | 1,82,541 | 1,82,500 | - | - |
| Reference price 3 | 34.18 | 33.80 | 23.70 | 28.50 | 28.50 | 28.50 |
| Announcement Date | 28/02/22 | 24/02/23 | 23/02/24 | - | - | - |
1SEK in Million2NOK in Million3SEK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 2,025 | 2,466 | 3,152 | 3,430 | 3,622 | 3,824 |
| EBITDA 1 | - | 461.8 | 520 | 637.6 | 725.2 | 781.2 | 850.5 |
| EBIT 1 | - | 229.7 | 244.3 | 283.9 | 367.5 | 411.1 | 469 |
| Operating Margin | - | 11.34% | 9.9% | 9.01% | 10.72% | 11.35% | 12.26% |
| Earnings before Tax (EBT) 1 | - | 80.2 | 196.3 | 233.7 | 272.2 | 324.9 | 387 |
| Net income 1 | 112.1 | 86 | 139.5 | 226.6 | 204.9 | 245.3 | 295.5 |
| Net margin | - | 4.25% | 5.66% | 7.19% | 5.97% | 6.77% | 7.73% |
| EPS 2 | 27.97 | 0.8618 | 0.7667 | 1.219 | 1.100 | 1.317 | 1.582 |
| Free Cash Flow 1 | - | 65.1 | 299.5 | 401.4 | 342 | 386 | 435.5 |
| FCF margin | - | 3.21% | 12.14% | 12.74% | 9.97% | 10.66% | 11.39% |
| FCF Conversion (EBITDA) | - | 14.1% | 57.6% | 62.95% | 47.16% | 49.41% | 51.2% |
| FCF Conversion (Net income) | - | 75.7% | 214.7% | 177.14% | 166.93% | 157.35% | 147.38% |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 30/11/21 | 28/02/22 | 24/02/23 | 23/02/24 | - | - | - |
1NOK in Million2SEK
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 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 588.9 | 526.4 | 608.5 | 612 | 719.5 | 704.6 | 799.4 | 792.2 | 855.7 | 789 | 869 | 856.5 | 922.5 | 830 |
| EBITDA 1 | 135.4 | 99.5 | 130.6 | 146.9 | 137.4 | 124.6 | 150.8 | 195.6 | 160 | 146.5 | 189.5 | 211.5 | 193 | 164 |
| EBIT 1 | 74.8 | 36.3 | 63.6 | 77.7 | 61.1 | 46 | 67.8 | 110.1 | 60 | 53.35 | 94.95 | 115.5 | 94.25 | 71 |
| Operating Margin | 12.7% | 6.9% | 10.45% | 12.7% | 8.49% | 6.53% | 8.48% | 13.9% | 7.01% | 6.76% | 10.93% | 13.49% | 10.22% | 8.55% |
| Earnings before Tax (EBT) 1 | 27.5 | 24.7 | 75.6 | 69.3 | 26.7 | 44.8 | 77.8 | 87.8 | 23.4 | 34.5 | 75.5 | 97 | 76.5 | 51 |
| Net income 1 | 50.7 | 18.2 | 58.2 | 49.8 | 13.3 | 32.6 | 56.7 | 70.4 | 66.9 | 25.55 | 57.5 | 73.8 | 58.15 | 38 |
| Net margin | 8.61% | 3.46% | 9.56% | 8.14% | 1.85% | 4.63% | 7.09% | 8.89% | 7.82% | 3.24% | 6.62% | 8.62% | 6.3% | 4.58% |
| EPS 2 | 0.3830 | 0.1037 | 0.3494 | 0.2839 | 0.0706 | 0.1550 | 0.3200 | 0.3811 | 0.3637 | 0.1370 | 0.3135 | 0.3970 | 0.3135 | 0.2060 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 28/02/22 | 31/05/22 | 24/08/22 | 23/11/22 | 24/02/23 | 23/05/23 | 22/08/23 | 21/11/23 | 23/02/24 | - | - | - | - | - |
1NOK in Million2SEK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 764 | 1,074 | 1,250 | 1,060 | 826 | 465 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 1.653 x | 2.066 x | 1.961 x | 1.462 x | 1.058 x | 0.5461 x |
| Free Cash Flow 1 | - | 65.1 | 300 | 401 | 342 | 386 | 436 |
| ROE (net income / shareholders' equity) | - | 7.45% | 8.33% | 11.9% | 10.2% | 10.8% | 11.4% |
| ROA (Net income/ Total Assets) | - | 2.98% | 4.08% | 5.8% | 5% | 5.7% | 6.3% |
| Assets 1 | - | 2,885 | 3,416 | 3,907 | 4,098 | 4,304 | 4,690 |
| Book Value Per Share 2 | - | 9.510 | 9.550 | 11.10 | 12.20 | 13.50 | 15.10 |
| Cash Flow per Share 2 | - | 5.640 | 1.900 | 2.970 | 3.530 | 3.430 | 3.820 |
| Capex 1 | - | 70.8 | 43.8 | 153 | 138 | 141 | 140 |
| Capex / Sales | - | 3.5% | 1.78% | 4.84% | 4.03% | 3.91% | 3.65% |
| Announcement Date | 30/11/21 | 28/02/22 | 24/02/23 | 23/02/24 | - | - | - |
1NOK in Million2SEK
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
28.5
SEK
Average target price
32.75
SEK
Spread / Average Target
+14.91%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +16.46% | 479M | |
| +16.32% | 70.64B | |
| +7.53% | 17.5B | |
| +23.04% | 13.88B | |
| +14.31% | 13.34B | |
| +17.76% | 10.2B | |
| -22.30% | 6.47B | |
| -2.85% | 5.78B | |
| +2.13% | 5.11B | |
| -0.65% | 4.96B |
- Stock Market
- Equities
- NORVA Stock
- Financials Norva24 Group AB
