REC SILICON ASA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.765 NOK | +0.57% |
|
-5.47% | -30.25% |
| May. 14 | REC Silicon ASA Announces Board Appointments | CI |
| May. 10 | REC SILICON : The next capital increase around the corner? |  |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 749.4 | 5,996 | 6,677 | 5,882 | 5,889 | 4,107 | - | - |
| Enterprise Value (EV) 1 | 1,870 | 6,107 | 7,454 | 6,693 | 7,830 | 4,107 | 4,107 | 6,353 |
| P/E ratio | - | -11.9 x | -25.2 x | -6.45 x | 18.9 x | - | - | 4.09 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.51 x | 5.79 x | 5.23 x | 3.86 x | 3.95 x | 1.31 x | 0.73 x | 0.64 x |
| EV / Revenue | 0.51 x | 5.79 x | 5.23 x | 3.86 x | 3.95 x | 1.31 x | 0.73 x | 0.64 x |
| EV / EBITDA | -6.28 x | 29.7 x | 97.3 x | -16.3 x | -6.92 x | -70.5 x | 2.45 x | 1.98 x |
| EV / FCF | -5.4 x | -198 x | -32.5 x | -5.82 x | -2.39 x | -3.89 x | -47.3 x | 4.68 x |
| FCF Yield | -18.5% | -0.5% | -3.08% | -17.2% | -41.8% | -25.7% | -2.11% | 21.4% |
| Price to Book | - | - | 22.3 x | 9.26 x | 7.49 x | 45 x | 5.07 x | 2.26 x |
| Nbr of stocks (in thousands) | 279,820 | 372,413 | 372,413 | 420,626 | 420,626 | 420,626 | - | - |
| Reference price 2 | 2.678 | 16.10 | 17.93 | 13.98 | 14.00 | 9.765 | 9.765 | 9.765 |
| Announcement Date | 2/14/20 | 2/18/21 | 2/18/22 | 2/23/23 | 2/8/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,482 | 1,036 | 1,276 | 1,525 | 1,492 | 3,140 | 5,614 | 6,443 |
| EBITDA 1 | -119.4 | 201.9 | 68.61 | -360.2 | -851 | -58.22 | 1,676 | 2,073 |
| EBIT 1 | -764 | -330 | -182.7 | -601.7 | -1,088 | -448.7 | 1,242 | 1,627 |
| Operating Margin | -51.54% | -31.86% | -14.32% | -39.45% | -72.93% | -14.29% | 22.12% | 25.25% |
| Earnings before Tax (EBT) | - | -587.8 | -387.6 | -897.8 | 322.4 | - | - | 1,345 |
| Net income 1 | -1,175 | -396.1 | -268.2 | -895.8 | 322.4 | -737.3 | 719 | 1,010 |
| Net margin | -79.25% | -38.25% | -21.02% | -58.73% | 21.62% | -23.48% | 12.81% | 15.67% |
| EPS | - | -1.357 | -0.7129 | -2.167 | 0.7400 | - | - | 2.386 |
| Free Cash Flow 1 | -138.7 | -30.24 | -205.7 | -1,011 | -2,460 | -1,055 | -86.77 | 878.5 |
| FCF margin | -9.36% | -2.92% | -16.12% | -66.31% | -164.93% | -33.6% | -1.55% | 13.64% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | 42.37% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | 87% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/14/20 | 2/18/21 | 2/18/22 | 2/23/23 | 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 | 385 | 330.6 | 435.5 | 365.3 | 326.1 | 310 | 384.1 | 375.3 | 428.2 | 456.6 | 678.7 | 909.1 | 1,129 |
| EBITDA 1 | -3.564 | 34.39 | -10.65 | -137.4 | -243.6 | -245 | -88.97 | -192 | -329.8 | -341.7 | -115.4 | 153.9 | 282.9 |
| EBIT 1 | -65.94 | -35.35 | -74.52 | -195.1 | -281.7 | -284.4 | -127.7 | -230.8 | -450.4 | -399.1 | -202.2 | 45.47 | 174.4 |
| Operating Margin | -17.13% | -10.69% | -17.11% | -53.41% | -86.39% | -91.75% | -33.24% | -61.49% | -105.19% | -87.41% | -29.79% | 5% | 15.44% |
| Earnings before Tax (EBT) | -116.7 | -84.08 | -228.4 | -284.7 | -268.3 | -366.5 | -153.9 | -267.4 | 1,104 | -439.3 | - | - | - |
| Net income 1 | -116.7 | -82.17 | -228.4 | -284.7 | -268.3 | -366.5 | -153.9 | -267.4 | 1,104 | -439.3 | -272.2 | -18.41 | 81.2 |
| Net margin | -30.32% | -24.86% | -52.44% | -77.93% | -82.28% | -118.21% | -40.05% | -71.26% | 257.78% | -96.2% | -40.1% | -2.02% | 7.19% |
| EPS | -0.3564 | -0.1911 | -0.5807 | -0.6968 | -0.6192 | -0.8522 | -0.3140 | -0.6470 | 2.643 | -1.085 | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/18/22 | 5/26/22 | 8/17/22 | 11/16/22 | 2/23/23 | 5/11/23 | 8/15/23 | 11/15/23 | 2/8/24 | 5/10/24 | - | - | - |
1NOK in Million2NOK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 1,121 | 111 | 777 | 810 | 1,941 | - | - | 2,245 |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -9.392 x | 0.5521 x | 11.32 x | -2.249 x | -2.281 x | - | - | 1.083 x |
| Free Cash Flow 1 | -139 | -30.2 | -206 | -1,011 | -2,460 | -1,055 | -86.8 | 879 |
| ROE (net income / shareholders' equity) | -236% | -156% | - | - | - | - | 206% | 88.7% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | - | 0.8000 | 1.510 | 1.870 | 0.2200 | 1.930 | 4.330 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 18.5 | 11.2 | 74.5 | 577 | 1,547 | 813 | 434 | 445 |
| Capex / Sales | 1.25% | 1.08% | 5.84% | 37.82% | 103.71% | 25.9% | 7.73% | 6.9% |
| Announcement Date | 2/14/20 | 2/18/21 | 2/18/22 | 2/23/23 | 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
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
9.765
NOK
Average target price
24
NOK
Spread / Average Target
+145.78%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -30.25% | 384M | |
| +5.01% | 207B | |
| +21.82% | 12.89B | |
| +66.66% | 9.18B | |
| -10.58% | 3.56B | |
| +16.35% | 3.29B | |
| +16.73% | 3.22B | |
| -16.58% | 2.08B | |
| -13.44% | 1.8B | |
| +7.12% | 1.72B |
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