Company Valuation: Scana ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 247.3 585.4 410.7 933.7 1,326 656.8
Change - 136.75% -29.84% 127.32% 41.98% -50.45%
Enterprise Value (EV) 1 280.5 602.6 972.1 1,421 1,801 1,074
Change - 114.87% 61.32% 46.13% 26.77% -40.34%
P/E 5.35x 6.37x -8.7x 13.8x 15.9x -17.8x
PBR 3.33x 1.57x 0.93x 1.61x 2x 1.05x
PEG - -0.1x 0x -0x 0.8x 0x
Capitalization / Revenue 0.81x 1.92x 0.46x 0.58x 0.69x 0.41x
EV / Revenue 0.92x 1.98x 1.1x 0.88x 0.94x 0.67x
EV / EBITDA 19.2x 50.4x -761x 12.8x 13.5x 62.5x
EV / EBIT 23.4x 65.3x -38.6x 16.7x 17x -95.1x
EV / FCF 14.1x 35x -39.9x 19x 569x 10.5x
FCF Yield 7.08% 2.86% -2.5% 5.27% 0.18% 9.5%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.43 0.2338 -0.12 0.15 0.18 -0.08
Distribution rate - - - - - -
Net sales 1 303.4 304.3 886.8 1,606 1,924 1,597
EBITDA 1 14.62 11.96 -1.277 110.6 133.3 17.2
EBIT 1 11.98 9.222 -25.19 85.3 106.1 -11.3
Net income 1 50.26 26.76 -44.5 71.6 83.3 -36.3
Net Debt 1 33.2 17.22 561.4 486.9 475.2 417.5
Reference price 2 2.300 1.488 1.044 2.075 2.870 1.422
Nbr of stocks (in thousands) 1,07,505 3,93,415 3,93,415 4,49,966 4,61,886 4,61,886
Announcement Date 26/03/21 08/04/22 28/04/23 19/04/24 23/04/25 23/04/26
1NOK in Million2NOK
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 6.72Cr
20.35x1.79x9.87x0.57% 3.14TCr
12.07x0.46x4.45x4.52% 1.88TCr
29.42x2.3x13.04x0.23% 1.1TCr
58.62x5.46x29.95x0.45% 1.07TCr
10.61x - - - 1.07TCr
16.55x0.9x7.53x5.56% 987.52Cr
8.89x0.55x3.96x5.33% 925.39Cr
81.28x1.43x13.82x1.28% 899.12Cr
Average 29.72x 1.84x 11.80x 2.56% 1.23TCr
Weighted average by Cap. 26.26x 1.75x 10.93x 2.26%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA