VOW ASA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.96 NOK | +9.95% |
|
+13.73% | -40.21% |
| May. 31 | Vow ASA Receives Contract for Delivery of Complete Wastewater and Waste Treatment Systems for Two Ships in 2025 and 2026 Respectively | CI |
| May. 23 | Vow ASA Elects Thomas F. Borgen as Director | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,197 | 4,146 | 2,689 | 2,023 | 1,325 | 792.3 | - | - |
| Enterprise Value (EV) 1 | 3,286 | 4,285 | 2,856 | 2,463 | 1,990 | 1,229 | 1,188 | 1,274 |
| P/E ratio | -214 x | 146 x | - | 148 x | - | 32.7 x | 9.92 x | 4.02 x |
| Yield | 0.33% | - | - | - | - | - | - | 10.9% |
| Capitalization / Revenue | 8.4 x | 9.02 x | 5.92 x | 2.58 x | 1.44 x | 0.76 x | 0.64 x | 0.4 x |
| EV / Revenue | 8.63 x | 9.32 x | 6.29 x | 3.15 x | 2.17 x | 1.18 x | 0.96 x | 0.64 x |
| EV / EBITDA | 71.7 x | 91.9 x | 65.6 x | 26.7 x | -85 x | 11.9 x | 6.85 x | 4.07 x |
| EV / FCF | -29.3 x | -58.7 x | - | -11.5 x | - | -87.8 x | 28.3 x | 13.6 x |
| FCF Yield | -3.42% | -1.7% | - | -8.7% | - | -1.14% | 3.54% | 7.38% |
| Price to Book | 13.9 x | 13 x | 5.12 x | 3.85 x | 3.49 x | 2.26 x | 1.92 x | 0.87 x |
| Nbr of stocks (in thousands) | 106,564 | 109,260 | 114,640 | 113,841 | 113,841 | 113,841 | - | - |
| Reference price 2 | 30.00 | 37.95 | 23.46 | 17.77 | 11.64 | 6.960 | 6.960 | 6.960 |
| Announcement Date | 2/26/20 | 2/25/21 | 2/23/22 | 2/23/23 | 2/28/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 380.8 | 459.8 | 454.1 | 782.8 | 918.5 | 1,041 | 1,233 | 1,987 |
| EBITDA 1 | 45.8 | 46.6 | 43.5 | 92.2 | -23.4 | 103.3 | 173.3 | 313.3 |
| EBIT 1 | 34.8 | 24.8 | 19.2 | 60 | -75.6 | 64.18 | 129.2 | 264.4 |
| Operating Margin | 9.14% | 5.39% | 4.23% | 7.66% | -8.23% | 6.17% | 10.48% | 13.31% |
| Earnings before Tax (EBT) 1 | -9.2 | 28.1 | 325.1 | 22.3 | -148.7 | 32.15 | 103 | 253.8 |
| Net income 1 | -14.6 | 27.9 | 319.9 | 31.8 | -137.6 | 23.87 | 80.42 | 198.7 |
| Net margin | -3.83% | 6.07% | 70.45% | 4.06% | -14.98% | 2.29% | 6.52% | 10% |
| EPS 2 | -0.1400 | 0.2600 | - | 0.1200 | - | 0.2126 | 0.7018 | 1.731 |
| Free Cash Flow 1 | -112.3 | -73 | - | -214.3 | - | -14 | 42 | 94 |
| FCF margin | -29.49% | -15.88% | - | -27.38% | - | -1.35% | 3.41% | 4.73% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 24.23% | 30% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 52.23% | 47.3% |
| Dividend per Share 2 | 0.1000 | - | - | - | - | - | - | 0.7578 |
| Announcement Date | 2/26/20 | 2/25/21 | 2/23/22 | 2/23/23 | 2/28/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 199.4 | 248 | 212 | 201.4 | 97.8 | 154.8 | 252.6 | - | 399.9 | 194 | 188.9 | 382.9 | 448.7 | - | 550 | 530 |
| EBITDA 1 | 23.2 | 25 | 22.1 | 20.3 | - | 15.1 | 23.2 | - | 53.3 | 25.1 | 13.8 | 38.9 | 29.6 | -53 | 9 | 41 |
| EBIT | 15.8 | 14.4 | 10.4 | 10.7 | 4.35 | 4.35 | 8.6 | - | 39.7 | 10.1 | - | 20.2 | 5.5 | -84.4 | 66 | 62 |
| Operating Margin | 7.92% | 5.81% | 4.91% | 5.31% | 4.45% | 2.81% | 3.4% | - | 9.93% | 5.21% | - | 5.28% | 1.23% | - | 12% | 11.7% |
| Earnings before Tax (EBT) | -29.3 | 35 | -6.7 | - | - | - | 325.1 | - | 15.6 | - | - | 6.7 | 9.1 | - | 57 | 54 |
| Net income | -29.9 | 22.5 | -0.4 | -0.4 | - | - | 322.9 | - | 23.1 | - | - | 8.7 | 36 | -173.5 | -33 | -6 |
| Net margin | -14.99% | 9.07% | -0.19% | -0.2% | - | - | 127.83% | - | 5.78% | - | - | 2.27% | 8.02% | - | -6% | -1.13% |
| EPS | -0.3000 | 0.2500 | 0.0534 | -0.003500 | - | - | - | - | - | - | - | - | - | - | -0.2900 | -0.0500 |
| Dividend per Share | 0.1000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/26/20 | 8/26/20 | 2/25/21 | 8/26/21 | 10/27/21 | 2/23/22 | 2/23/22 | 8/24/22 | 8/24/22 | 10/27/22 | 2/23/23 | 2/23/23 | 8/23/23 | 2/28/24 | - | - |
1NOK in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 88.7 | 138 | 166 | 440 | 664 | 437 | 395 | 482 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.937 x | 2.968 x | 3.823 x | 4.775 x | -28.39 x | 4.23 x | 2.28 x | 1.537 x |
| Free Cash Flow 1 | -112 | -73 | - | -214 | - | -14 | 42 | 94 |
| ROE (net income / shareholders' equity) | -9.06% | 10.1% | 75.5% | 6% | -30.1% | 13.6% | 14.8% | 30.3% |
| ROA (Net income/ Total Assets) | -3.68% | 4.25% | 35.2% | 2.49% | -9.18% | 6.3% | 6.6% | - |
| Assets 1 | 397.1 | 655.9 | 909 | 1,279 | 1,498 | 378.8 | 1,218 | - |
| Book Value Per Share 2 | 2.160 | 2.930 | 4.580 | 4.610 | 3.340 | 3.080 | 3.630 | 7.980 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 4.6 | 64.4 | - | 117 | - | 50 | 50 | - |
| Capex / Sales | 1.21% | 14.01% | - | 14.96% | - | 4.8% | 4.06% | - |
| Announcement Date | 2/26/20 | 2/25/21 | 2/23/22 | 2/23/23 | 2/28/24 | - | - | - |
1NOK in Million2NOK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
6.96
NOK
Average target price
11
NOK
Spread / Average Target
+58.05%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -40.21% | 75.36M | |
| +10.08% | 42.39B | |
| -6.13% | 11.84B | |
| +17.70% | 5.85B | |
| +3.72% | 4.13B | |
| -7.06% | 2.25B | |
| +13.91% | 2.22B | |
| -0.20% | 1.63B | |
| -6.25% | 1.43B | |
| +2.11% | 1.42B |
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