Financials Airthings ASA

Equities

AIRX ME

NO0010895568

Industrial Machinery & Equipment

Market Closed - Oslo Bors 10:45:00 2024-07-05 am EDT 5-day change 1st Jan Change
2.78 NOK -0.71% Intraday chart for Airthings ASA -2.46% -5.60%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Capitalization 1 2,349 1,900 612.5 582.4 549.8 -
Enterprise Value (EV) 1 1,844 1,528 509.7 457.5 455.3 482.6
P/E ratio -64.5 x -27 x -5.63 x -9.25 x -30.9 x 67.8 x
Yield - - - - - -
Capitalization / Revenue 10.8 x 6.1 x 1.66 x 1.5 x 1.15 x 0.88 x
EV / Revenue 8.5 x 4.91 x 1.38 x 1.18 x 0.95 x 0.77 x
EV / EBITDA -47.2 x -19.1 x -4.15 x -6.31 x -244 x 10.6 x
EV / FCF -17,411,623 x -10,446,273 x -1,985,111 x -8,328,547 x - -
FCF Yield -0% -0% -0% -0% - -
Price to Book 2.69 x 3.18 x 1.15 x 1.09 x 1.11 x 1.08 x
Nbr of stocks (in thousands) 170,606 171,816 173,992 197,758 197,758 -
Reference price 2 13.77 11.06 3.520 2.945 2.780 2.780
Announcement Date 2/4/21 2/10/22 3/29/23 2/8/24 - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net sales 1 216.9 311.3 368.9 388.5 479.5 627.7
EBITDA 1 -39.06 -80.2 -122.7 -72.54 -1.867 45.54
EBIT 1 -41.38 -91 -137.6 -88.65 -18.7 22.94
Operating Margin -19.08% -29.23% -37.31% -22.82% -3.9% 3.66%
Earnings before Tax (EBT) 1 -54.78 -88.7 -142.6 -85.26 -22.87 18.22
Net income 1 -36.36 -70.4 -110 -66.45 -17.84 12.15
Net margin -16.76% -22.61% -29.83% -17.1% -3.72% 1.94%
EPS 2 -0.2135 -0.4100 -0.6248 -0.3186 -0.0900 0.0410
Free Cash Flow -105.9 -146.3 -256.7 -54.93 - -
FCF margin -48.85% -47% -69.6% -14.14% - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 - - - - - -
Announcement Date 2/4/21 2/10/22 3/29/23 2/8/24 - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 97.1 85.09 69.68 103 98.5 94.31 74.6 113.4 109.4 101.8 101.6 139.9 142.1
EBITDA 1 -32.3 -32.25 -54.75 -2.194 -28.7 -34.55 -27.35 0.821 -10.25 -19.72 -17.49 21.6 0.513
EBIT 1 -35.2 -35.77 -58.61 -5.105 -32.78 -38.72 -31.1 -3.576 -14.11 -23.76 -21.58 17.27 -4.059
Operating Margin -36.25% -42.03% -84.12% -4.95% -33.28% -41.05% -41.69% -3.15% -12.9% -23.34% -21.25% 12.35% -2.86%
Earnings before Tax (EBT) 1 -34.7 -38.47 -58.54 4.49 -44.59 -28.07 -28.26 -6.241 -21.73 -10.92 -22.62 16.23 -5.101
Net income 1 -16.6 -29.4 -45.27 2.727 -33.84 -22.42 -22.13 -4.993 -16.15 -8.539 -17.64 12.66 -3.979
Net margin -17.1% -34.55% -64.97% 2.65% -34.36% -23.78% -29.66% -4.4% -14.76% -8.39% -17.37% 9.05% -2.8%
EPS - - - - - - - - -0.1062 - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/10/22 5/4/22 7/13/22 10/27/22 3/29/23 5/3/23 7/13/23 10/26/23 2/8/24 5/15/24 - - -
1NOK in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - -
Net Cash position 1 504 372 103 125 94.5 67.2
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow -106 -146 -257 -54.9 - -
ROE (net income / shareholders' equity) -9.55% -11.2% -17.8% -12.4% -3.6% 3.2%
ROA (Net income/ Total Assets) -5.85% -9.82% -14.3% -9.75% -2.8% 2.5%
Assets 1 621.5 716.7 767.6 681.7 637 485.9
Book Value Per Share 2 5.110 3.470 3.070 2.700 2.490 2.580
Cash Flow per Share - - - - - -
Capex 44.3 4.6 25.9 18.8 - -
Capex / Sales 20.42% 1.48% 7.02% 4.84% - -
Announcement Date 2/4/21 2/10/22 3/29/23 2/8/24 - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
2.78 NOK
Average target price
3.8 NOK
Spread / Average Target
+36.69%
Consensus

Quarterly revenue - Rate of surprise

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