Company Valuation: Equinor ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 65,927 55,166 86,418 113,152 93,843 63,893 63,893 -
Change - -16.32% 56.65% 30.94% -17.06% -31.92% 0% -
Enterprise Value (EV) 1 82,356 74,659 87,285 99,864 86,774 70,303 72,410 75,084
Change - -9.35% 16.91% 14.41% -13.11% -18.98% 7.06% 3.69%
P/E ratio 36.3x -10x 10.2x 3.95x 8.08x 7.5x 7.34x 7.14x
PBR 1.61x 1.62x 2.23x 2.1x 1.98x 1.55x 1.47x 1.33x
PEG - 0x -0x 0x -0.1x -0.4x 4.71x 2.47x
Capitalization / Revenue 1.02x 1.2x 0.95x 0.75x 0.88x 0.61x 0.62x 0.65x
EV / Revenue 1.28x 1.63x 0.96x 0.66x 0.81x 0.68x 0.71x 0.77x
EV / EBITDA 3.66x 6.32x 1.92x 1.17x 1.87x 1.72x 1.8x 1.99x
EV / EBIT 6.11x 19x 2.61x 1.33x 2.4x 2.36x 2.37x 2.71x
EV / FCF 23.2x 39.1x 4.2x 3.79x 6.14x 8.86x 10.8x 14.5x
FCF Yield 4.3% 2.56% 23.8% 26.4% 16.3% 11.3% 9.26% 6.89%
Dividend per Share 2 1.05 0.41 0.71 2.9 3.4 2.47 1.498 1.551
Rate of return 5.25% 2.42% 2.65% 8.12% 10.7% 10.6% 6.38% 6.61%
EPS 2 0.55 -1.69 2.63 9.03 3.93 3.11 3.197 3.289
Distribution rate 191% -24.3% 27% 32.1% 86.5% 79.4% 46.9% 47.1%
Net sales 1 64,357 45,818 90,924 150,806 107,174 103,774 102,647 97,949
EBITDA 1 22,503 11,812 45,382 85,202 46,404 40,762 40,180 37,724
EBIT 1 13,484 3,938 33,486 74,940 36,220 29,798 30,533 27,675
Net income 1 1,843 -5,510 8,563 28,746 11,885 8,806 8,448 8,286
Net Debt 1 16,429 19,493 867 -13,288 -7,069 6,639 8,517 11,191
Reference price 2 19.98 16.95 26.78 35.71 31.77 23.47 23.47 23.47
Nbr of stocks (in thousands) 3,299,021 3,253,801 3,227,308 3,168,793 2,953,894 2,722,115 2,722,115 -
Announcement Date 2/6/20 2/10/21 2/9/22 2/7/23 2/7/24 2/5/25 - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

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P/E ratio (N) EV / Sales (N) EV / EBITDA (N) Yield (N) Capi.($)
7.46x0.66x1.71x11.12% 63.89B
16.63x3.82x7.58x6.61% 1,784B
15.19x1.49x6.6x4.26% 274B
10.71x0.82x3.75x4.25% 201B
6.27x0.46x2.93x8.07% 200B
8.46x0.8x3.87x5.53% 137B
5.49x1.49x3.02x19.24% 85.6B
10.55x1.51x4.54x4.01% 47.96B
9.85x0.69x3.24x7.2% 44.15B
Average 10.07x 1.30x 4.14x percentage-no-prefix 315.28B
Weighted average by Cap. 14.20x 2.77x 6.32x percentage-no-prefix
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield