Company Valuation: Photocure ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,769 2,895 1,827 1,681 1,900 1,279 - -
Change - 4.55% -36.89% -8.01% 13.04% -32.7% - -
Enterprise Value (EV) 1 2,483 2,639 1,567 1,387 1,661 1,111 1,127 1,129
Change - 6.28% -40.61% -11.53% 19.77% -33.11% 1.44% 0.15%
P/E -89.3x -40.2x 6,740x -344x -1,190x 17x 69.2x 45x
PBR - - - - - 3.57x 3.31x 3.14x
PEG - -0x -67x 0x 17.9x -0x -0.9x 0.8x
Capitalization / Revenue 7.68x 7.73x 4.09x 3.42x 3.57x 1.95x 1.92x 1.78x
EV / Revenue 6.89x 7.05x 3.51x 2.82x 3.12x 1.69x 1.7x 1.57x
EV / EBITDA 136x -107x 28.2x 28.2x 57.8x 7.46x 12.8x 14.2x
EV / EBIT -426x -53.9x 56.4x 68x -2,229x 10.3x 29.9x 22.6x
EV / FCF 113x -469x 35.4x 18.4x 95x 17.4x 154x 55.5x
FCF Yield 0.89% -0.21% 2.82% 5.43% 1.05% 5.76% 0.65% 1.8%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.15 -2.66 0.01 -0.18 -0.06 2.79 0.6867 1.057
Distribution rate - - - - - - - -
Net sales 1 360.5 374.5 446.2 491.7 532.6 656.7 664.3 718.3
EBITDA 1 18.3 -24.63 55.49 49.19 28.73 149 88 79.5
EBIT 1 -5.826 -49 27.81 20.4 -0.745 108 37.67 50
Net income 1 -30.9 -71.86 0.267 -4.81 -1.519 75.33 18.33 28.67
Net Debt 1 -285.4 -255.6 -259.5 -293.9 -238.9 -167.7 -151.7 -150
Reference price 2 102.70 106.80 67.40 62.00 71.40 47.50 47.50 47.50
Nbr of stocks (in thousands) 26,960 27,106 27,106 27,106 26,607 26,917 - -
Announcement Date 23/2/22 23/2/23 21/2/24 19/2/25 18/2/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.03x1.69x7.46x - 138M
37.84x13.27x28.43x0.53% 1,148B
39.67x6.67x18.75x1.97% 652B
37.4x8.39x17.35x2.4% 505B
21.45x5.21x12.93x2.51% 384B
102.73x5.76x24.72x2.42% 348B
21.89x5.76x13.88x2.85% 294B
22.21x4.49x12.82x1.97% 264B
28.66x7.33x13.12x2.23% 244B
-45.79x7.11x27.55x2.07% 197B
Average 28.31x 6.57x 17.70x 2.11% 403.73B
Weighted average by Cap. 35.28x 8.40x 20.64x 1.79%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Photocure ASA

Historical PBR trend

Valuation ratios - PBR - Photocure ASA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Photocure ASA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Photocure ASA

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  4. Valuation Photocure ASA