Financials BlueNord ASA

Equities

NOR

NO0010379266

Oil & Gas Exploration and Production

Market Closed - Oslo Bors 10:45:00 2024-04-26 am EDT 5-day change 1st Jan Change
579 NOK +1.22% Intraday chart for BlueNord ASA +1.05% +16.38%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,536 3,412 3,703 10,082 12,987 15,115 - -
Enterprise Value (EV) 1 12,064 9,758 13,080 18,796 24,372 27,102 26,205 26,337
P/E ratio - 33.4 x -7.84 x -32.1 x 15.3 x 10.4 x 5.86 x 6.66 x
Yield - - - - - 18.3% 27.2% 18%
Capitalization / Revenue 1.77 x 0.71 x 0.74 x 1.02 x 1.56 x 1.44 x 1.05 x 1.16 x
EV / Revenue 3.87 x 2.03 x 2.6 x 1.9 x 2.92 x 2.58 x 1.82 x 2.01 x
EV / EBITDA 10.3 x 4.6 x 5.88 x 3 x 5.51 x 4.15 x 2.56 x 2.85 x
EV / FCF -1.26 x 18.5 x -8.28 x 5.75 x -38.1 x 12.5 x 4.95 x 11.9 x
FCF Yield -79.6% 5.39% -12.1% 17.4% -2.63% 8.02% 20.2% 8.4%
Price to Book 1.03 x 0.65 x 0.86 x 1.6 x 2.05 x 2.42 x 3.28 x 3.85 x
Nbr of stocks (in thousands) 24,549 24,111 24,111 25,557 26,105 26,105 - -
Reference price 2 225.5 141.5 153.6 394.5 497.5 579.0 579.0 579.0
Announcement Date 2/25/20 2/18/21 2/16/22 2/15/23 2/20/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,119 4,801 5,030 9,899 8,348 10,491 14,368 13,083
EBITDA 1 1,171 2,121 2,226 6,257 4,421 6,525 10,254 9,240
EBIT 1 711.8 1,383 1,282 4,890 3,350 4,771 7,762 6,897
Operating Margin 22.82% 28.8% 25.49% 49.41% 40.13% 45.48% 54.03% 52.72%
Earnings before Tax (EBT) 1 -1,733 -152.7 44.52 2,546 1,743 3,946 6,973 6,176
Net income 1 2,014 144.2 -471.9 -312.2 861.1 1,465 2,596 2,287
Net margin 64.56% 3% -9.38% -3.15% 10.31% 13.97% 18.07% 17.48%
EPS 2 - 4.241 -19.59 -12.29 32.48 55.74 98.77 86.91
Free Cash Flow 1 -9,600 526.1 -1,581 3,270 -640.1 2,173 5,299 2,212
FCF margin -307.81% 10.96% -31.42% 33.03% -7.67% 20.71% 36.88% 16.91%
FCF Conversion (EBITDA) - 24.81% - 52.26% - 33.3% 51.68% 23.94%
FCF Conversion (Net income) - 364.82% - - - 148.31% 204.15% 96.73%
Dividend per Share 2 - - - - - 106.2 157.3 104.1
Announcement Date 2/25/20 2/18/21 2/16/22 2/15/23 2/20/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 - 2,696 3,043 2,352 2,316 1,984 2,193 1,932 1,866 2,009 3,268 3,388
EBITDA 1 - 1,699 2,049 1,431 1,277 1,028 1,162 997.6 965.4 1,016 2,251 2,316
EBIT 1 - 1,346 1,738 1,107 1,003 744.5 891.4 714.1 705.1 669.2 1,696 1,722
Operating Margin - 49.92% 57.1% 47.06% 43.31% 37.53% 40.65% 36.96% 37.79% 33.31% 51.89% 50.82%
Earnings before Tax (EBT) 1 - 427.3 1,415 892.7 776.2 314.2 350.8 304.5 536.9 486.5 1,461 1,479
Net income 1 -434.1 -501.5 -124.4 774 436.9 196 -69.07 283.5 200.5 183.2 543.6 544.4
Net margin - -18.6% -4.09% 32.91% 18.87% 9.88% -3.15% 14.67% 10.75% 9.12% 16.64% 16.07%
EPS 2 -18.37 -20.35 -5.185 30.71 11.55 7.072 -2.193 10.48 7.068 5.816 19.20 18.70
Dividend per Share 2 - - - - - - - - - - 31.02 75.27
Announcement Date 5/9/22 7/12/22 10/26/22 2/15/23 5/10/23 7/12/23 10/18/23 2/20/24 - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 6,528 6,346 9,377 8,714 11,385 11,987 11,090 11,222
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.576 x 2.993 x 4.213 x 1.393 x 2.575 x 1.837 x 1.082 x 1.215 x
Free Cash Flow 1 -9,600 526 -1,581 3,270 -640 2,173 5,299 2,212
ROE (net income / shareholders' equity) 75.8% 2.79% -9.45% -5.57% 12.4% 20.7% 46.4% 51.5%
ROA (Net income/ Total Assets) - - - - 2.5% 4.8% 7.3% 6.7%
Assets 1 - - - - 34,479 30,526 35,558 34,131
Book Value Per Share 2 219.0 218.0 178.0 247.0 243.0 239.0 177.0 150.0
Cash Flow per Share - - - - - - - -
Capex 1 10,836 1,971 2,025 2,473 3,258 2,294 1,570 1,846
Capex / Sales 347.45% 41.05% 40.25% 24.99% 39.03% 21.87% 10.93% 14.11%
Announcement Date 2/25/20 2/18/21 2/16/22 2/15/23 2/20/24 - - -
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
3
Last Close Price
579 NOK
Average target price
640.7 NOK
Spread / Average Target
+10.65%
Consensus
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