Financials Nel ASA BOERSE MUENCHEN

Equities

D7G

NO0010081235

Renewable Energy Equipment & Services

Market Closed - BOERSE MUENCHEN 03:53:52 2024-07-11 pm EDT 5-day change 1st Jan Change
0.5428 EUR +6.85% Intraday chart for Nel ASA -4.11% -12.30%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,571 40,758 22,213 21,654 11,513 10,570 - -
Enterprise Value (EV) 1 10,076 38,456 19,513 21,654 8,172 8,079 8,713 9,261
P/E ratio -39.3 x 31.8 x -13.2 x -18.2 x -13.3 x -30.3 x -37 x -69.9 x
Yield - - - - - - - -
Capitalization / Revenue 18.6 x 62.5 x 27.8 x 21.8 x 6.49 x 6.09 x 5.11 x 3.27 x
EV / Revenue 17.7 x 59 x 24.5 x 21.8 x 4.61 x 4.66 x 4.21 x 2.87 x
EV / EBITDA -61.7 x -153 x -41.1 x -27.8 x -17.2 x -32.2 x -64.3 x 185 x
EV / FCF -30.8 x -85.8 x -23.6 x - -5.8 x -13.6 x -11.8 x -11.4 x
FCF Yield -3.24% -1.17% -4.24% - -17.2% -7.35% -8.5% -8.74%
Price to Book 5.64 x 7.46 x 4.38 x - 1.84 x 1.9 x 2.01 x 2.1 x
Nbr of stocks (in thousands) 1,222,098 1,407,401 1,460,396 1,562,907 1,670,907 1,670,907 - -
Reference price 2 8.650 28.96 15.21 13.86 6.890 6.326 6.326 6.326
Announcement Date 3/5/20 2/18/21 2/16/22 2/28/23 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 1 569.7 651.9 798 993.6 1,773 1,735 2,068 3,230
EBITDA 1 -163.2 -251.5 -475.2 -779.9 -473.7 -250.5 -135.5 49.96
EBIT 1 -238.7 -414.5 -582.9 -1,279 -699.5 -499.9 -366.3 -202.3
Operating Margin -41.89% -63.59% -73.04% -128.69% -39.45% -28.81% -17.71% -6.26%
Earnings before Tax (EBT) 1 -277.2 1,246 -1,684 -1,187 -872.5 -334.8 -300.6 -188
Net income 1 -269.7 1,262 -1,667 -1,171 -855.2 -332.3 -273.8 -174.4
Net margin -47.34% 193.58% -208.88% -117.87% -48.23% -19.15% -13.24% -5.4%
EPS 2 -0.2200 0.9100 -1.150 -0.7600 -0.5200 -0.2087 -0.1709 -0.0905
Free Cash Flow 1 -326.8 -448.1 -826.6 - -1,409 -593.4 -740.4 -809.6
FCF margin -57.36% -68.74% -103.59% - -79.49% -34.2% -35.81% -25.06%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - - - -
Announcement Date 3/5/20 2/18/21 2/16/22 2/28/23 2/28/24 - - -
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 2025 Q1 2025 Q2
Net sales 1 248.1 213.1 183.2 183.1 414.1 359 475.1 405.5 533.6 409.1 386.5 479.2 516.1 662.5 647
EBITDA 1 -167.7 -152.4 -197 -214 -216.4 -121 -138 -109 -106.3 -15.59 -83.9 -81.69 -71.69 -24 -17
EBIT 1 -196.7 -186.6 -241 -260.2 -590.9 -174.8 -193.5 -165.1 -166.1 -74.02 -141.4 -140.2 -131.2 -100 -92.5
Operating Margin -79.28% -87.55% -131.54% -142.06% -142.69% -48.69% -40.74% -40.71% -31.13% -18.09% -36.58% -29.25% -25.41% -15.09% -14.3%
Earnings before Tax (EBT) 1 -280.9 81.85 -276.5 -261.7 -730.6 -194.3 -344.6 -228.5 -105.2 -24.22 -117.2 -118.5 -111.8 -84.5 -78
Net income 1 -269.5 83.74 -274.5 -259.6 -720.8 -192 -342.3 -226.3 -94.39 -22.02 -103.4 -88.62 -81.57 -77 -70.5
Net margin -108.61% 39.29% -149.83% -141.77% -174.06% -53.48% -72.06% -55.81% -17.69% -5.38% -26.76% -18.49% -15.8% -11.62% -10.9%
EPS 2 -0.1800 0.0600 -0.1800 -0.1700 -0.4600 -0.1200 -0.2000 -0.1400 -0.0600 -0.0100 -0.0511 -0.0487 -0.0503 -0.0500 -0.0500
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 2/16/22 5/10/22 8/11/22 10/20/22 2/28/23 4/27/23 7/18/23 10/25/23 2/28/24 4/17/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 495 2,303 2,700 - 3,341 2,491 1,858 1,309
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -327 -448 -827 - -1,409 -593 -740 -810
ROE (net income / shareholders' equity) -15.7% -11.4% -31.7% - -14.7% -5.93% -5.25% -2.28%
ROA (Net income/ Total Assets) -12.3% - -27.5% - -11.6% -5.23% -3.39% -1.41%
Assets 1 2,188 - 6,072 - 7,404 6,350 8,075 12,355
Book Value Per Share 2 1.530 3.880 3.470 - 3.750 3.330 3.140 3.010
Cash Flow per Share 2 - -0.1600 -0.3100 - -0.4100 -0.1000 -0.0600 0.1000
Capex 1 119 232 377 - 740 444 579 857
Capex / Sales 20.86% 35.62% 47.26% - 41.73% 25.61% 27.99% 26.53%
Announcement Date 3/5/20 2/18/21 2/16/22 2/28/23 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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
20
Last Close Price
6.326 NOK
Average target price
6.209 NOK
Spread / Average Target
-1.85%
Consensus