MÅSØVAL |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 31.8 NOK | -0.31% |
|
+3.25% | +22.31% |
| Feb. 27 | Måsøval AS Provides Group Production Guidance for the First Quarter and Full Year of 2024 | CI |
| Feb. 27 | Måsøval AS Proposes Dividend for the Financial Year 2023 | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,931 | 3,712 | 3,185 | 3,896 | - | - |
| Enterprise Value (EV) 1 | 6,856 | 5,701 | 5,123 | 5,671 | 5,361 | 5,116 |
| P/E ratio | 26.5 x | 5.98 x | -18.2 x | 11.3 x | 9.66 x | 8.57 x |
| Yield | - | 4.95% | 1.92% | 2.6% | 3.49% | 4.48% |
| Capitalization / Revenue | 3.99 x | 1.86 x | 1.33 x | 1.41 x | 1.23 x | 1.09 x |
| EV / Revenue | 5.55 x | 2.86 x | 2.13 x | 2.05 x | 1.69 x | 1.43 x |
| EV / EBITDA | 19.7 x | 6.63 x | 7.69 x | 6.31 x | 5.27 x | 4.51 x |
| EV / FCF | -23.8 x | 18.1 x | 14.8 x | 27 x | 9.61 x | 10.8 x |
| FCF Yield | -4.21% | 5.53% | 6.77% | 3.7% | 10.4% | 9.22% |
| Price to Book | 3.74 x | 1.9 x | 1.82 x | 1.92 x | 1.7 x | 1.56 x |
| Nbr of stocks (in thousands) | 122,508 | 122,508 | 122,508 | 122,508 | - | - |
| Reference price 2 | 40.25 | 30.30 | 26.00 | 31.80 | 31.80 | 31.80 |
| Announcement Date | 2/17/22 | 2/28/23 | 2/27/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 928.1 | 1,236 | 1,992 | 2,400 | 2,763 | 3,174 | 3,590 |
| EBITDA 1 | - | 348.1 | 859.6 | 666.2 | 898.9 | 1,017 | 1,134 |
| EBIT 1 | - | 279.6 | 693.4 | 471.4 | 696.1 | 813.2 | 924.5 |
| Operating Margin | - | 22.63% | 34.81% | 19.64% | 25.2% | 25.62% | 25.76% |
| Earnings before Tax (EBT) 1 | - | 210 | 802.7 | 164.2 | 497.6 | 604.9 | 701 |
| Net income 1 | 199.1 | 164.3 | 621 | -138.9 | 332.3 | 389.2 | 454.5 |
| Net margin | 21.46% | 13.3% | 31.17% | -5.79% | 12.03% | 12.26% | 12.66% |
| EPS 2 | - | 1.520 | 5.070 | -1.430 | 2.813 | 3.292 | 3.710 |
| Free Cash Flow 1 | - | -288.4 | 315.5 | 346.6 | 210 | 558 | 471.5 |
| FCF margin | - | -23.35% | 15.84% | 14.44% | 7.6% | 17.58% | 13.14% |
| FCF Conversion (EBITDA) | - | - | 36.71% | 52.03% | 23.36% | 54.87% | 41.56% |
| FCF Conversion (Net income) | - | - | 50.81% | - | 63.2% | 143.36% | 103.74% |
| Dividend per Share 2 | - | - | 1.500 | 0.5000 | 0.8267 | 1.110 | 1.425 |
| Announcement Date | 6/16/21 | 2/17/22 | 2/28/23 | 2/27/24 | - | - | - |
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 | 483.1 | 393.4 | 280 | 934.2 | 354 | 400.3 | 237.3 | 804.6 | 617.9 | 688.4 | 363 | 1,018 | 760 | 693.5 | 690 |
| EBITDA 1 | 133.5 | 106.9 | 109.6 | 541.1 | 103.8 | 88.17 | 83.47 | 258.4 | 161.9 | 162.4 | 136.5 | 365.5 | 181 | 211 | 302 |
| EBIT 1 | 114.2 | 85.41 | 75.18 | 500.5 | 61.95 | 43.56 | 35.86 | 210.5 | 113 | 112 | 84.5 | 314 | 129.5 | 159 | 250 |
| Operating Margin | 23.63% | 21.71% | 26.84% | 53.58% | 17.5% | 10.88% | 15.12% | 26.16% | 18.29% | 16.28% | 23.28% | 30.84% | 17.04% | 22.93% | 36.23% |
| Earnings before Tax (EBT) 1 | 89.91 | 60.96 | 52.78 | 558.9 | 52.01 | 62.8 | -27.35 | 151.3 | 105 | -52.52 | 37.5 | 249.5 | 73 | 103 | 173 |
| Net income 1 | 68.39 | 48.01 | 41.13 | 429.5 | 39.22 | 52.88 | -31.27 | -126.9 | 52.53 | -33.25 | 31.5 | 164 | 60 | 77 | 111 |
| Net margin | 14.16% | 12.2% | 14.69% | 45.98% | 11.08% | 13.21% | -13.18% | -15.78% | 8.5% | -4.83% | 8.68% | 16.11% | 7.89% | 11.1% | 16.09% |
| EPS 2 | 0.6500 | 0.4400 | 0.3400 | 3.510 | 0.3200 | 0.4300 | -0.2550 | -1.240 | 0.1900 | -0.4800 | 0.2550 | 1.340 | 0.4900 | 0.6300 | 0.9000 |
| Dividend per Share 2 | - | - | - | - | 1.000 | 0.5000 | - | 0.5000 | - | 0.5000 | - | 0.2500 | - | 0.5000 | - |
| Announcement Date | 11/18/21 | 2/17/22 | 5/19/22 | 8/29/22 | 11/15/22 | 2/28/23 | 5/23/23 | 8/28/23 | 11/21/23 | 2/27/24 | - | - | - | - | - |
1NOK in Million2NOK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 1,925 | 1,989 | 1,938 | 1,775 | 1,465 | 1,220 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 5.53 x | 2.314 x | 2.909 x | 1.975 x | 1.44 x | 1.075 x |
| Free Cash Flow 1 | - | -288 | 316 | 347 | 210 | 558 | 472 |
| ROE (net income / shareholders' equity) | - | 18.1% | 36.4% | -7.5% | 18.1% | 18.7% | 18.3% |
| ROA (Net income/ Total Assets) | - | 5.93% | - | -2.74% | 6.7% | 7.4% | 9.5% |
| Assets 1 | - | 2,768 | - | 5,074 | 4,959 | 5,260 | 4,784 |
| Book Value Per Share 2 | - | 10.80 | 15.90 | 14.30 | 16.60 | 18.70 | 20.40 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | 512 | 211 | 103 | 277 | 159 | 134 |
| Capex / Sales | - | 41.44% | 10.62% | 4.3% | 10.01% | 5.02% | 3.73% |
| Announcement Date | 6/16/21 | 2/17/22 | 2/28/23 | 2/27/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
31.8
NOK
Average target price
37.67
NOK
Spread / Average Target
+18.45%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +22.31% | 353M | |
| +24.44% | 3.55B | |
| 0.00% | 1.04B | |
| +3.44% | 717M | |
| -.--% | 486M | |
| +31.42% | 412M | |
| -4.05% | 393M | |
| -18.49% | 391M | |
| -8.28% | 373M | |
| +19.95% | 353M |
- Stock Market
- Equities
- MAS Stock
- Financials Måsøval
