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 92,422 - -
Change - -19.62% 11.19% 24.94% 13.32% -17% - -
Enterprise Value (EV) 1 1,01,207 88,337 98,434 1,15,156 1,26,051 1,10,682 1,09,142 1,09,503
Change - -12.72% 11.43% 16.99% 9.46% -12.19% -1.39% 0.33%
P/E 18.3x 14.1x 15.1x 16.2x 9.8x 14.5x 14x 13.1x
PBR 2.29x 1.7x 1.74x 2.04x 2.3x 2.07x 1.98x 1.84x
PEG - 3.09x 4.48x 1x 0.1x -0.3x 3.62x 1.93x
Capitalization / Revenue 1.74x 1.21x 1.16x 1.39x 1.56x 1.31x 1.27x 1.22x
EV / Revenue 2.01x 1.51x 1.45x 1.63x 1.76x 1.57x 1.5x 1.45x
EV / EBITDA 12.3x 9.14x 10.3x 10.7x 12.8x 11.1x 10.4x 10x
EV / EBIT 17.7x 12.8x 15.8x 15.7x 17.8x 15x 14x 13.3x
EV / FCF 27x 36x 22.7x 15x 18.5x 17.4x 18.1x 15.6x
FCF Yield 3.7% 2.78% 4.4% 6.66% 5.42% 5.75% 5.53% 6.41%
Dividend per Share 2 3 3 3 4 6 4.987 4.647 5.061
Rate of return 3.4% 4.23% 3.81% 4.07% 5.33% 5.19% 4.84% 5.27%
EPS 2 4.82 5.04 5.21 6.06 11.48 6.62 6.876 7.343
Distribution rate 62.2% 59.5% 57.6% 66% 52.3% 75.3% 67.6% 68.9%
Net sales 1 50,441 58,391 67,797 70,656 71,547 70,322 72,877 75,501
EBITDA 1 8,232 9,668 9,578 10,744 9,818 10,013 10,452 10,902
EBIT 1 5,730 6,897 6,234 7,351 7,086 7,355 7,796 8,218
Net income 1 4,808 5,019 5,196 6,057 11,473 6,648 6,551 7,274
Net Debt 1 13,207 17,600 19,783 16,893 14,698 18,260 16,720 17,080
Reference price 2 88.36 70.94 78.84 98.35 112.50 96.10 96.10 96.10
Nbr of stocks (in thousands) 9,95,929 9,97,144 9,97,605 9,99,118 9,89,802 9,61,731 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.51x1.57x11.05x5.19% 991.61Cr
15.38x1.03x6.8x4.48% 368.21Cr
8.71x1.14x7.01x6.56% 166.21Cr
17x1.25x9.85x4.68% 155.66Cr
13.78x - - - 128.66Cr
9.83x0.48x5x2.52% 85Cr
11.38x0.39x3.46x3.54% 58Cr
Average 12.94x 0.98x 7.19x 4.5% 279.06Cr
Weighted average by Cap. 14.03x 1.31x 9.20x 4.95%

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