Financials Integrated Wind Solutions

Equities

IWS

NO0010955883

Marine Freight & Logistics

Market Closed - Oslo Bors 10:45:00 2024-04-26 am EDT 5-day change 1st Jan Change
46.4 NOK 0.00% Intraday chart for Integrated Wind Solutions +3.11% +7.41%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 601.4 981.7 1,691 1,816 - -
Enterprise Value (EV) 1 232.2 751.2 1,679 2,980 3,764 3,528
P/E ratio -26.5 x -33.4 x -111 x 37.8 x 17.6 x 6.43 x
Yield - - - - - -
Capitalization / Revenue 11.7 x 4.48 x 6.45 x 3.02 x 1.83 x 1.51 x
EV / Revenue 4.52 x 3.43 x 6.41 x 4.95 x 3.79 x 2.94 x
EV / EBITDA -24.4 x -40.4 x -55.6 x 19 x 10.8 x 6.63 x
EV / FCF -1.98 x -1.49 x - -2.79 x -7.29 x -
FCF Yield -50.4% -67.2% - -35.9% -13.7% -
Price to Book 0.91 x 0.98 x 1.24 x 1.33 x 1.26 x 1.04 x
Nbr of stocks (in thousands) 17,601 28,538 39,144 39,144 - -
Reference price 2 34.17 34.40 43.20 46.40 46.40 46.40
Announcement Date 2/11/22 2/28/23 2/26/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 51.35 219.3 262 602.1 993.5 1,199
EBITDA 1 - -9.528 -18.6 -30.21 157.1 350.1 532
EBIT 1 - -11.77 -24.6 -36.56 101.3 229 411.7
Operating Margin - -22.91% -11.22% -13.95% 16.83% 23.05% 34.33%
Earnings before Tax (EBT) 1 - -15.74 -23.94 -11.65 54.45 123.5 291.5
Net income 1 -0.026 -17.91 -26.66 -14.82 47.99 103.3 282.3
Net margin - -34.88% -12.16% -5.66% 7.97% 10.4% 23.54%
EPS 2 -0.2550 -1.290 -1.030 -0.3879 1.226 2.637 7.211
Free Cash Flow 1 - -117.1 -505.1 - -1,070 -516 -
FCF margin - -227.98% -230.38% - -177.7% -51.94% -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - - - - - - -
Announcement Date 3/15/21 2/11/22 2/28/23 2/26/24 - - -
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
Net sales 1 1.536 49.82 - - - 53.23 63.83 60.26 63.06 73.68 123 120 178 216
EBITDA 1 -7.533 - - - - -3.896 -11.41 -11.64 -4.26 -2.704 25 7 50 79
EBIT 1 -7.995 1.392 - - - -5.542 -12.48 -13.1 -6.055 -4.723 10 -15 21 51
Operating Margin -520.51% 2.79% - - - -10.41% -19.54% -21.75% -9.6% -6.41% 8.13% -12.5% 11.8% 23.61%
Earnings before Tax (EBT) 1 -8.887 -1.609 -9.087 -4.312 -4.312 -3.87 -6.703 -7.865 -6.332 9.354 4 -26 5 35
Net income 1 -8.785 -3.883 -9.407 -5.005 -5.005 -4.703 -7.885 -8.329 -6.203 7.734 1 -29 2 27
Net margin -571.94% -7.79% - - - -8.84% -12.35% -13.82% -9.84% 10.5% 0.81% -24.17% 1.12% 12.5%
EPS 2 -0.4991 -0.2200 -0.5100 -0.1800 -0.1800 -0.1600 -0.2200 -0.2100 -0.1600 0.1939 0.0300 -0.7300 0.0500 0.6900
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/11/21 2/11/22 5/25/22 8/30/22 11/15/22 2/28/23 5/25/23 8/24/23 11/22/23 2/26/24 - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 1,164 1,947 1,711
Net Cash position 1 - 369 230 12.3 - - -
Leverage (Debt/EBITDA) - - - - 7.409 x 5.563 x 3.217 x
Free Cash Flow 1 - -117 -505 - -1,070 -516 -
ROE (net income / shareholders' equity) - -5.43% - -1.52% 3.5% 7.44% 17.5%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 - 37.50 35.00 35.00 34.90 36.80 44.70
Cash Flow per Share - - - - - - -
Capex 1 - 90.5 442 - 1,193 803 -
Capex / Sales - 176.26% 201.65% - 198.12% 80.83% -
Announcement Date 3/15/21 2/11/22 2/28/23 2/26/24 - - -
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
OUTPERFORM
Number of Analysts
2
Last Close Price
46.4 NOK
Average target price
47.5 NOK
Spread / Average Target
+2.37%
Consensus
  1. Stock Market
  2. Equities
  3. IWS Stock
  4. Financials Integrated Wind Solutions