Company Valuation: Scatec ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 54,046 24,255 12,478 13,055 12,643 18,482 18,482 -
Change - -55.12% -48.56% 4.62% -3.16% 46.19% 0% -
Enterprise Value (EV) 1 59,269 39,204 32,056 36,339 37,282 43,181 50,127 58,114
Change - -33.85% -18.23% 13.36% 2.59% 15.82% 16.08% 15.93%
P/E ratio -97.3x 62.9x -9.36x 20.8x 9.65x 16.2x 27.4x 13.6x
PBR 5.35x 2.62x 1.51x 1.5x 1.19x 1.73x 1.7x 1.56x
PEG - -0x 0x -0x 0x -0.8x -0.7x 0x
Capitalization / Revenue 19.6x 6.38x 3.33x 2.77x 1.92x 3.22x 3.24x 2.31x
EV / Revenue 21.5x 10.3x 8.55x 7.7x 5.67x 7.85x 8.78x 7.25x
EV / EBITDA 28.6x 13.5x 12.5x 10.2x 6.88x 10x 11.6x 9.92x
EV / EBIT 45.9x 19.5x 44.3x 13.8x 9.03x 14.2x 16.8x 14x
EV / FCF -429x 3.86x -26.1x -7.32x -266x -23.4x -7.77x -4.05x
FCF Yield -0.23% 25.9% -3.84% -13.7% -0.38% -4.28% -12.9% -24.7%
Dividend per Share 2 1.09 2.54 1.94 - - - - -
Rate of return 0.32% 1.66% 2.47% - - - - -
EPS 2 -3.51 2.43 -8.4 3.95 8.24 6.54 4.24 8.567
Distribution rate -31.1% 105% -23.1% - - - - -
Net sales 1 2,754 3,803 3,751 4,721 6,574 5,238 5,709 8,011
EBITDA 1 2,069 2,903 2,555 3,567 5,421 4,013 4,316 5,857
EBIT 1 1,292 2,012 723 2,625 4,127 2,845 2,977 4,144
Net income 1 -478 388 -1,334 628 1,309 1,045 751.9 1,384
Net Debt 1 5,223 14,949 19,578 23,284 24,639 24,699 31,645 39,632
Reference price 2 341.40 152.75 78.60 82.15 79.50 116.30 116.30 116.30
Nbr of stocks (in thousands) 158,308 158,792 158,756 158,917 159,028 158,917 158,917 -
Announcement Date 2/2/21 3/2/22 3/2/23 26/1/24 31/1/25 30/1/26 - -
1NOK in Million2NOK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.34x7.85x10.04x-.--% 1.94B
19.03x9.73x12.44x2.5% 24.51B
62.94x17.37x21.29x-.--% 18.14B
44.8x8.65x11.97x0.86% 16.61B
14.52x5.66x9.47x4.33% 7.5B
23.03x8.93x10.36x4.72% 4.69B
17.35x6.21x9.12x4.78% 3.77B
Average 28.29x 9.20x 12.10x 2.46% 11.02B
Weighted average by Cap. 34.56x 10.63x 13.78x 1.92%

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