Financials Elmera Group ASA

Equities

FKRFT

NO0010815673

Electric Utilities

Real-time Oslo Bors 08:27:56 2024-05-28 am EDT 5-day change 1st Jan Change
31.8 NOK +0.95% Intraday chart for Elmera Group ASA +2.09% +5.30%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,061 9,565 5,448 1,737 3,282 3,435 - -
Enterprise Value (EV) 1 5,492 9,893 5,947 2,571 3,849 4,047 3,915 3,819
P/E ratio 16.5 x 22.7 x 16.1 x 24.2 x 17.4 x 18.4 x 15 x 12.2 x
Yield 5.17% 4.18% 7.34% 9.38% 4.97% 6.46% 5.87% 6.87%
Capitalization / Revenue 0.85 x 2.27 x 0.36 x 0.07 x 0.17 x 0.26 x 0.27 x 0.26 x
EV / Revenue 0.77 x 2.35 x 0.39 x 0.1 x 0.2 x 0.31 x 0.3 x 0.29 x
EV / EBITDA 8.03 x 11.9 x 6.64 x 3.58 x 4.96 x 5.25 x 4.99 x 4.79 x
EV / FCF 7.68 x -16.6 x 22.3 x -6.2 x 3.99 x 279 x 9.89 x 10.9 x
FCF Yield 13% -6.03% 4.49% -16.1% 25.1% 0.36% 10.1% 9.2%
Price to Book 6.04 x 4.92 x 3.06 x 1.43 x 2.35 x 2.52 x 2.47 x 2.38 x
Nbr of stocks (in thousands) 104,496 114,282 114,302 108,634 108,661 109,048 - -
Reference price 2 58.00 83.70 47.66 15.99 30.20 31.50 31.50 31.50
Announcement Date 2/13/20 2/19/21 2/10/22 2/16/23 2/15/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,123 4,215 15,209 25,522 18,921 13,254 12,884 13,194
EBITDA 1 683.7 830.3 896.3 717.7 776.6 770.8 784.1 796.6
EBIT 1 482.7 525.2 586 460.1 513.2 369.5 413 454.5
Operating Margin 6.78% 12.46% 3.85% 1.8% 2.71% 2.79% 3.21% 3.44%
Earnings before Tax (EBT) 1 490.4 513.7 444.5 128.7 237.6 242.5 297.5 367.2
Net income 1 370.2 400.1 342.4 73.85 192.3 188.6 231.5 284.7
Net margin 5.2% 9.49% 2.25% 0.29% 1.02% 1.42% 1.8% 2.16%
EPS 2 3.510 3.690 2.960 0.6600 1.740 1.708 2.097 2.587
Free Cash Flow 1 715 -596.7 266.8 -414.4 965.6 14.5 396 351.5
FCF margin 10.04% -14.16% 1.75% -1.62% 5.1% 0.11% 3.07% 2.66%
FCF Conversion (EBITDA) 104.58% - 29.76% - 124.34% 1.88% 50.5% 44.13%
FCF Conversion (Net income) 193.15% - 77.92% - 502.19% 7.69% 171.09% 123.44%
Dividend per Share 2 3.000 3.500 3.500 1.500 1.500 2.033 1.849 2.163
Announcement Date 2/13/20 2/19/21 2/10/22 2/16/23 2/15/24 - - -
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 6,184 6,891 4,890 6,291 8,518 8,033 3,513 2,215 5,160 5,367 2,193 1,799 3,912
EBITDA 1 250.1 222.8 185.7 185.6 95.64 265.9 172.1 119.4 219.2 294.7 155.7 92.4 243.2
EBIT 1 140.8 160.4 123.1 121 27.5 197.8 105.5 53.1 156.8 229.8 78.5 32 166.5
Operating Margin 2.28% 2.33% 2.52% 1.92% 0.32% 2.46% 3% 2.4% 3.04% 4.28% 3.58% 1.78% 4.26%
Earnings before Tax (EBT) 1 132.2 143.5 87.13 39.67 -52.54 117.3 7.504 3.351 109.4 136.7 27.15 -32.6 112.8
Net income 1 87.56 110 74.64 25.56 -44.36 96.5 9.484 -1.642 87.94 105.4 20.49 -25.03 87.92
Net margin 1.42% 1.6% 1.53% 0.41% -0.52% 1.2% 0.27% -0.07% 1.7% 1.96% 0.93% -1.39% 2.25%
EPS 2 0.7600 0.9500 0.6600 0.2300 -0.4100 0.8700 0.0900 -0.0200 0.8000 0.9500 0.1681 -0.2507 1.125
Dividend per Share 2 3.500 - - - 1.500 - - - - - - - 2.500
Announcement Date 2/10/22 5/4/22 8/17/22 11/3/22 2/16/23 5/10/23 8/16/23 11/1/23 2/15/24 5/8/24 - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 328 500 834 568 612 480 384
Net Cash position 1 569 - - - - - - -
Leverage (Debt/EBITDA) - 0.3946 x 0.5575 x 1.162 x 0.7308 x 0.7938 x 0.6121 x 0.4824 x
Free Cash Flow 1 715 -597 267 -414 966 14.5 396 352
ROE (net income / shareholders' equity) 39.5% 27.1% 18.4% 5.07% 14.6% 13.5% 16.3% 19.3%
ROA (Net income/ Total Assets) - 9.83% 4.63% 0.6% 1.69% 2.2% 3% 3.4%
Assets 1 - 4,069 7,393 12,245 11,367 8,571 7,715 8,378
Book Value Per Share 2 9.600 17.00 15.60 11.20 12.90 12.50 12.80 13.30
Cash Flow per Share - - - - - - - -
Capex 1 51.4 65.3 86 44.3 52.8 62.3 53 72.5
Capex / Sales 0.72% 1.55% 0.57% 0.17% 0.28% 0.47% 0.41% 0.55%
Announcement Date 2/13/20 2/19/21 2/10/22 2/16/23 2/15/24 - - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
31.5 NOK
Average target price
29.67 NOK
Spread / Average Target
-5.82%
Consensus
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  4. Financials Elmera Group ASA