Company Valuation: Equinor ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 55,166 86,418 113,152 93,843 63,664 57,448 - -
Change - 56.65% 30.94% -17.06% -32.16% -9.76% - -
Enterprise Value (EV) 1 74,659 87,285 99,864 86,774 70,303 67,573 71,719 73,079
Change - 16.91% 14.41% -13.11% -18.98% -3.88% 6.14% 1.9%
P/E ratio -10x 10.2x 3.95x 8.08x 7.5x 9.81x 8.44x 7.61x
PBR 1.62x 2.23x 2.1x 1.98x 1.55x 1.46x 1.39x 1.31x
PEG - -0x 0x -0.1x -0.4x -0.4x 0.5x 0.7x
Capitalization / Revenue 1.2x 0.95x 0.75x 0.88x 0.61x 0.55x 0.59x 0.6x
EV / Revenue 1.63x 0.96x 0.66x 0.81x 0.68x 0.65x 0.74x 0.76x
EV / EBITDA 6.32x 1.92x 1.17x 1.87x 1.72x 1.77x 2.09x 2.12x
EV / EBIT 19x 2.61x 1.33x 2.4x 2.36x 2.41x 2.98x 3.01x
EV / FCF 39.1x 4.2x 3.79x 6.14x 8.86x 11.1x 15.2x 11.7x
FCF Yield 2.56% 23.8% 26.4% 16.3% 11.3% 9% 6.6% 8.53%
Dividend per Share 2 0.41 0.71 2.9 3.4 2.47 1.49 1.568 1.632
Rate of return 2.42% 2.65% 8.12% 10.7% 10.6% 6.5% 6.84% 7.12%
EPS 2 -1.69 2.63 9.03 3.93 3.11 2.337 2.717 3.011
Distribution rate -24.3% 27% 32.1% 86.5% 79.4% 63.8% 57.7% 54.2%
Net sales 1 45,818 90,924 150,806 107,174 103,774 103,719 97,577 95,985
EBITDA 1 11,812 45,382 85,202 46,404 40,762 38,277 34,350 34,394
EBIT 1 3,938 33,486 74,940 36,220 29,798 28,023 24,104 24,257
Net income 1 -5,510 8,563 28,746 11,885 8,806 6,527 6,881 7,461
Net Debt 1 19,493 867 -13,288 -7,069 6,639 10,126 14,271 15,631
Reference price 2 16.95 26.78 35.71 31.77 23.34 22.93 22.93 22.93
Nbr of stocks (in thousands) 3,253,801 3,227,308 3,168,793 2,953,894 2,728,126 2,505,714 - -
Announcement Date 2/10/21 2/9/22 2/7/23 2/7/24 2/5/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.81x0.65x1.77x6.5% 57.45B
15.69x3.68x7.06x5.5% 1,547B
21.71x1.82x8.18x4.58% 302B
8.61x0.61x3.69x6.19% 240B
11.66x0.94x4.43x3.99% 207B
10.03x0.95x4.39x5.83% 140B
3.7x1.54x3.19x10.71% 77.8B
12.11x0.77x3.78x6.59% 56.63B
12.81x1.6x5.08x3.85% 52.63B
Average 11.79x 1.39x 4.62x 5.97% 297.9B
Weighted average by Cap. 14.52x 2.61x 6.21x 5.52%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield