Company Valuation: Orkla ASA

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 89,249 - -
Change - -19.62% 11.19% 24.94% 13.32% -19.85% - -
Enterprise Value (EV) 1 1,01,207 88,337 98,434 1,15,156 1,26,051 1,06,991 1,06,805 1,06,045
Change - -12.72% 11.43% 16.99% 9.46% -15.12% -0.17% -0.71%
P/E 18.3x 14.1x 15.1x 16.2x 9.8x 14.1x 13.5x 12.6x
PBR 2.29x 1.7x 1.74x 2.04x 2.3x 2.01x 1.93x 1.8x
PEG - 3.09x 4.48x 1x 0.1x -0.3x 2.76x 1.88x
Capitalization / Revenue 1.74x 1.21x 1.16x 1.39x 1.56x 1.26x 1.23x 1.19x
EV / Revenue 2.01x 1.51x 1.45x 1.63x 1.76x 1.52x 1.47x 1.41x
EV / EBITDA 12.3x 9.14x 10.3x 10.7x 12.8x 10.7x 10.3x 9.77x
EV / EBIT 17.7x 12.8x 15.8x 15.7x 17.8x 14.6x 13.8x 13x
EV / FCF 27x 36x 22.7x 15x 18.5x 16.3x 17x 14.6x
FCF Yield 3.7% 2.78% 4.4% 6.66% 5.42% 6.13% 5.87% 6.85%
Dividend per Share 2 3 3 3 4 6 4.987 4.643 5.054
Rate of return 3.4% 4.23% 3.81% 4.07% 5.33% 5.37% 5% 5.45%
EPS 2 4.82 5.04 5.21 6.06 11.48 6.567 6.888 7.351
Distribution rate 62.2% 59.5% 57.6% 66% 52.3% 75.9% 67.4% 68.8%
Net sales 1 50,441 58,391 67,797 70,656 71,547 70,590 72,605 75,227
EBITDA 1 8,232 9,668 9,578 10,744 9,818 10,002 10,413 10,859
EBIT 1 5,730 6,897 6,234 7,351 7,086 7,352 7,754 8,173
Net income 1 4,808 5,019 5,196 6,057 11,473 6,378 6,521 6,910
Net Debt 1 13,207 17,600 19,783 16,893 14,698 17,742 17,556 16,796
Reference price 2 88.36 70.94 78.84 98.35 112.50 92.80 92.80 92.80
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.98x2.74x13.68x4.13% 23TCr
17.99x2.35x14.02x3.56% 7.38TCr
15.61x1.66x9.42x4.01% 4.29TCr
14.7x0.53x9.46x2.63% 3.83TCr
19.08x2.93x11.9x3.66% 3.17TCr
34.99x3.03x17.65x1.06% 3.1TCr
25.03x5.24x16.72x3.35% 2.84TCr
-8.01x1.78x8.89x7.06% 2.69TCr
60.78x9.32x38.65x1.25% 2.64TCr
Average 22.24x 3.29x 15.60x 3.41% 5.93TCr
Weighted average by Cap. 20.67x 2.88x 14.36x 3.69%

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