Company Valuation: Orkla

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 88,000 70,737 78,651 98,263 1,11,353 1,00,130 - -
Change - -19.62% 11.19% 24.94% 13.32% -10.08% - -
Enterprise Value (EV) 1 1,01,207 88,337 98,434 1,15,156 1,26,051 1,16,832 1,15,910 1,16,061
Change - -12.72% 11.43% 16.99% 9.46% -7.31% -0.79% 0.13%
P/E 18.3x 14.1x 15.1x 16.2x 9.8x 15.6x 14.8x 13.8x
PBR 2.29x 1.7x 1.74x 2.04x 2.3x 2.2x 2.11x 1.97x
PEG - 3.09x 4.48x 1x 0.1x -0.4x 2.56x 1.95x
Capitalization / Revenue 1.74x 1.21x 1.16x 1.39x 1.56x 1.39x 1.35x 1.3x
EV / Revenue 2.01x 1.51x 1.45x 1.63x 1.76x 1.63x 1.57x 1.51x
EV / EBITDA 12.3x 9.14x 10.3x 10.7x 12.8x 11.5x 10.9x 10.4x
EV / EBIT 17.7x 12.8x 15.8x 15.7x 17.8x 15.8x 14.6x 13.9x
EV / FCF 27x 36x 22.7x 15x 18.5x 18.1x 18.7x 16.1x
FCF Yield 3.7% 2.78% 4.4% 6.66% 5.42% 5.53% 5.34% 6.23%
Dividend per Share 2 3 3 3 4 6 5.011 4.668 5.074
Rate of return 3.4% 4.23% 3.81% 4.07% 5.33% 4.91% 4.58% 4.97%
EPS 2 4.82 5.04 5.21 6.06 11.48 6.521 6.897 7.386
Distribution rate 62.2% 59.5% 57.6% 66% 52.3% 76.8% 67.7% 68.7%
Net sales 1 50,441 58,391 67,797 70,656 71,547 71,832 74,057 76,736
EBITDA 1 8,232 9,668 9,578 10,744 9,818 10,158 10,642 11,120
EBIT 1 5,730 6,897 6,234 7,351 7,086 7,393 7,914 8,366
Net income 1 4,808 5,019 5,196 6,057 11,473 6,404 6,728 7,171
Net Debt 1 13,207 17,600 19,783 16,893 14,698 16,702 15,780 15,931
Reference price 2 88.36 70.94 78.84 98.35 112.50 102.00 102.00 102.00
Nbr of stocks (in thousands) 9,95,929 9,97,144 9,97,605 9,99,118 9,89,802 9,81,663 - -
Announcement Date 10/02/22 14/02/23 08/02/24 13/02/25 12/02/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.42x1.24x7.89x4.55% 401.98Cr
18.17x1.36x10.66x4.38% 165.16Cr
8.58x1.16x7.11x6.52% 163.84Cr
11.2x - - - 112.05Cr
8.13x0.43x4.63x3.52% 61Cr
Average 12.30x 1.05x 7.57x 4.74% 180.82Cr
Weighted average by Cap. 13.67x 1.18x 8.05x 4.84%

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