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 1,01,847 - -
Change - -19.62% 11.19% 24.94% 13.32% -8.54% - -
Enterprise Value (EV) 1 1,01,207 88,337 98,434 1,15,156 1,26,051 1,18,550 1,17,628 1,17,779
Change - -12.72% 11.43% 16.99% 9.46% -5.95% -0.78% 0.13%
P/E 18.3x 14.1x 15.1x 16.2x 9.8x 16.2x 15.4x 14.3x
PBR 2.29x 1.7x 1.74x 2.04x 2.3x 2.28x 2.19x 2.04x
PEG - 3.09x 4.48x 1x 0.1x -0.4x 2.67x 2.02x
Capitalization / Revenue 1.74x 1.21x 1.16x 1.39x 1.56x 1.42x 1.38x 1.33x
EV / Revenue 2.01x 1.51x 1.45x 1.63x 1.76x 1.65x 1.59x 1.53x
EV / EBITDA 12.3x 9.14x 10.3x 10.7x 12.8x 11.7x 11.1x 10.6x
EV / EBIT 17.7x 12.8x 15.8x 15.7x 17.8x 16x 14.9x 14.1x
EV / FCF 27x 36x 22.7x 15x 18.5x 18.4x 19x 16.3x
FCF Yield 3.7% 2.78% 4.4% 6.66% 5.42% 5.45% 5.26% 6.14%
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% 4.73% 4.41% 4.79%
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 98.35 112.50 105.90 105.90 105.90
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.($)
16.67x1.34x8.57x4.21% 431.6Cr
8.98x1.19x7.25x6.23% 173.48Cr
19.16x1.44x11.33x4.15% 174.33Cr
11.27x - - - 113.83Cr
8.45x0.44x4.71x3.39% 65Cr
34.13x1.32x11.92x0.13% 42Cr
Average 16.44x 1.15x 8.76x 3.62% 166.75Cr
Weighted average by Cap. 15.36x 1.27x 8.73x 4.34%

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