Financials AF Gruppen ASA

Equities

AFG

NO0003078107

Construction & Engineering

Market Closed - Oslo Bors 10:45:00 2024-04-26 am EDT 5-day change 1st Jan Change
138.2 NOK +2.22% Intraday chart for AF Gruppen ASA +5.02% +11.27%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 18,108 18,590 20,677 15,488 13,459 14,992 - -
Enterprise Value (EV) 1 18,271 18,500 20,996 15,817 14,100 15,470 15,346 15,172
P/E ratio 20.7 x 18.9 x 20.2 x 16 x 33.3 x 18.9 x 17.5 x 15.8 x
Yield 4.83% 5.69% 5.42% 7.3% - 5.07% 5.07% 5.43%
Capitalization / Revenue 0.8 x 0.69 x 0.74 x 0.5 x 0.44 x 0.49 x 0.47 x 0.45 x
EV / Revenue 0.81 x 0.68 x 0.75 x 0.51 x 0.46 x 0.51 x 0.48 x 0.45 x
EV / EBITDA 9.71 x 9.01 x 9.65 x 8.17 x - 8.23 x 7.6 x 6.89 x
EV / FCF 27.3 x 14.2 x 17.1 x 11.4 x 15 x 19.4 x 17.7 x 15.7 x
FCF Yield 3.67% 7.03% 5.86% 8.81% 6.66% 5.16% 5.65% 6.39%
Price to Book 8.28 x 7.17 x 7.79 x 6.01 x 5.8 x 4.46 x 4.17 x -
Nbr of stocks (in thousands) 102,888 105,863 106,805 107,702 108,362 108,480 - -
Reference price 2 176.0 175.6 193.6 143.8 124.2 138.2 138.2 138.2
Announcement Date 2/14/20 2/12/21 2/11/22 2/10/23 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 22,612 27,025 27,868 31,205 30,530 30,435 32,003 33,687
EBITDA 1 1,882 2,053 2,176 1,937 - 1,880 2,020 2,202
EBIT 1 1,135 1,480 1,609 1,409 749 1,315 1,432 1,582
Operating Margin 5.02% 5.48% 5.77% 4.52% 2.45% 4.32% 4.47% 4.7%
Earnings before Tax (EBT) 1 1,317 1,447 1,580 1,400 700 1,257 1,372 1,521
Net income 1 854 971 1,019 958 402 802.3 871.2 974
Net margin 3.78% 3.59% 3.66% 3.07% 1.32% 2.64% 2.72% 2.89%
EPS 2 8.510 9.270 9.570 8.960 3.730 7.330 7.900 8.750
Free Cash Flow 1 670 1,301 1,231 1,393 939 798 867 969
FCF margin 2.96% 4.81% 4.42% 4.46% 3.08% 2.62% 2.71% 2.88%
FCF Conversion (EBITDA) 35.6% 63.37% 56.57% 71.92% - 42.45% 42.92% 44.01%
FCF Conversion (Net income) 78.45% 133.99% 120.8% 145.41% 233.58% 99.46% 99.52% 99.49%
Dividend per Share 2 8.500 10.00 10.50 10.50 - 7.000 7.000 7.500
Announcement Date 2/14/20 2/12/21 2/11/22 2/10/23 2/15/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 6,358 8,112 6,809 8,292 7,537 8,568 7,393 7,853 6,907 8,378 7,272 7,962 6,882 8,319 7,459
EBITDA 1 495 778 345 557 - 631 146 438 270 471 363 455 425 637 392
EBIT 1 344 639 215 421 271 502 15 303 128 302 227 310 290 488 252
Operating Margin 5.41% 7.88% 3.16% 5.08% 3.6% 5.86% 0.2% 3.86% 1.85% 3.6% 3.12% 3.89% 4.21% 5.87% 3.38%
Earnings before Tax (EBT) 1 344 635 209 426 263 502 13 292 103 292 213 295 275 473 237
Net income 1 220 412 149 285 155 368 -3 185 46 174 139 193 147 323 157
Net margin 3.46% 5.08% 2.19% 3.44% 2.06% 4.3% -0.04% 2.36% 0.67% 2.08% 1.91% 2.42% 2.14% 3.88% 2.1%
EPS 2 2.080 3.850 1.390 2.680 1.460 3.430 -0.0300 1.720 0.4300 1.620 1.280 1.770 1.350 2.960 1.440
Dividend per Share 2 4.000 4.000 - - 4.000 6.500 - - - - 3.500 - 3.500 - 3.000
Announcement Date 11/12/21 2/11/22 5/13/22 8/26/22 11/11/22 2/10/23 5/12/23 8/25/23 11/10/23 2/15/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 163 - 319 329 641 478 354 180
Net Cash position 1 - 90 - - - - - -
Leverage (Debt/EBITDA) 0.0866 x - 0.1466 x 0.1699 x - 0.2543 x 0.1752 x 0.0817 x
Free Cash Flow 1 670 1,301 1,231 1,393 939 798 867 969
ROE (net income / shareholders' equity) 43.7% 36.6% 36.1% 34% - 24.3% 24.7% 25.5%
ROA (Net income/ Total Assets) 8% - 7.85% 6.95% 2.76% 5.4% 5.6% 6%
Assets 1 10,670 - 12,985 13,782 14,552 14,858 15,557 16,233
Book Value Per Share 2 21.20 24.50 24.80 23.90 21.40 31.00 33.10 -
Cash Flow per Share - - - - - - - -
Capex 1 838 217 184 67 613 232 238 252
Capex / Sales 3.71% 0.8% 0.66% 0.21% 2.01% 0.76% 0.74% 0.75%
Announcement Date 2/14/20 2/12/21 2/11/22 2/10/23 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
SELL
Number of Analysts
1
Last Close Price
138.2 NOK
Average target price
100 NOK
Spread / Average Target
-27.64%
Consensus
  1. Stock Market
  2. Equities
  3. AFG Stock
  4. Financials AF Gruppen ASA