Financials Nel ASA

Equities

NEL

NO0010081235

Renewable Energy Equipment & Services

Market Closed - Oslo Bors 10:45:00 2023-12-08 am EST Intraday chart for Nel ASA 5-day change 1st Jan Change
7.66 NOK +1.11% -3.82% -44.71%

Valuation

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 5 131 10 571 40 758 22 213 21 654 12 799 - -
Enterprise Value (EV) 1 4 813 10 076 38 456 19 513 21 654 9 250 10 079 10 814
P/E ratio -26,2x -39,3x 31,8x -13,2x -18,2x -14,2x -24,7x -45,9x
Yield - - - - - - - -
Capitalization / Revenue 10,5x 18,6x 62,5x 27,8x 21,8x 7,74x 5,56x 3,63x
EV / Revenue 9,84x 17,7x 59,0x 24,5x 21,8x 5,59x 4,37x 3,06x
EV / EBITDA -97,4x -61,7x -153x -41,1x -27,8x -17,9x -28,9x -255x
EV / FCF -20,3x -30,8x -85,8x -23,6x - -7,94x -10,5x -10,3x
FCF Yield -4,93% -3,24% -1,17% -4,24% - -12,6% -9,49% -9,73%
Price to Book - 5,64x 7,46x 4,38x - 2,07x 2,26x 2,44x
Nbr of stocks (in thousands) 1 112 031 1 222 098 1 407 401 1 460 396 1 562 907 1 670 907 - -
Reference price 2 4,61 8,65 29,0 15,2 13,9 7,66 7,66 7,66
Announcement Date 2/27/19 3/5/20 2/18/21 2/16/22 2/28/23 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 489 570 652 798 994 1 653 2 304 3 531
EBITDA 1 -49,4 -163 -252 -475 -780 -517 -349 -42,3
EBIT 1 -196 -239 -415 -583 -1 279 -735 -624 -377
Operating Margin -40,1% -41,9% -63,6% -73,0% -129% -44,5% -27,1% -10,7%
Earnings before Tax (EBT) 1 -198 -277 1 246 -1 684 -1 187 -904 -562 -388
Net income 1 -189 -270 1 262 -1 667 -1 171 -889 -535 -344
Net margin -38,6% -47,3% 194% -209% -118% -53,8% -23,2% -9,75%
EPS 2 -0,18 -0,22 0,91 -1,15 -0,76 -0,54 -0,31 -0,17
Free Cash Flow 1 -237 -327 -448 -827 - -1 165 -957 -1 052
FCF margin -48,5% -57,4% -68,7% -104% - -70,4% -41,5% -29,8%
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - - - -
Announcement Date 2/27/19 3/5/20 2/18/21 2/16/22 2/28/23 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : December 2021 Q2 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 1 164 229 248 213 183 183 414 359 475 405 434 483 495 729 852
EBITDA 1 -120 -113 -168 -152 -197 -214 -216 -121 -138 -109 -138 -114 -113 -37,0 -19,5
EBIT 1 -149 -139 -197 -187 -241 -260 -591 -175 -194 -165 -187 -181 -182 -109 -95,5
Operating Margin -91,0% -60,6% -79,3% -87,6% -132% -142% -143% -48,7% -40,7% -40,7% -43,1% -37,4% -36,8% -14,9% -11,2%
Earnings before Tax (EBT) 1 -314 -509 -281 81,9 -277 -262 -731 -194 -345 -228 -160 -144 -147 -75,0 -80,5
Net income 1 -312 -507 -269 83,7 -275 -260 -721 -192 -342 -226 -172 -144 -147 -75,0 -73,0
Net margin -191% -221% -109% 39,3% -150% -142% -174% -53,5% -72,1% -55,8% -39,6% -29,7% -29,6% -10,3% -8,57%
EPS 2 -0,21 -0,35 -0,18 0,06 -0,18 -0,17 -0,46 -0,12 -0,20 -0,14 -0,08 -0,09 -0,09 -0,05 -0,04
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 8/19/21 10/21/21 2/16/22 5/10/22 8/11/22 10/20/22 2/28/23 4/27/23 7/18/23 10/25/23 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - - -
Net Cash position 1 318 495 2 303 2 700 - 3 550 2 721 1 985
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -237 -327 -448 -827 - -1 165 -957 -1 052
ROE (net income / shareholders' equity) -12,6% -15,7% -11,4% -31,7% - -15,9% -8,33% -5,72%
Shareholders' equity 1 1 494 1 713 -11 029 5 254 - 5 596 6 424 6 020
ROA (Net income/ Total Assets) - -12,3% - -27,5% - -12,2% -5,42% -1,78%
Assets 1 - 2 188 - 6 072 - 7 294 9 887 19 321
Book Value Per Share 2 - 1,53 3,88 3,47 - 3,69 3,39 3,14
Cash Flow per Share 2 - - -0,16 -0,31 - -0,44 -0,28 -0,04
Capex 1 94,5 119 232 377 - 486 517 765
Capex / Sales 19,3% 20,9% 35,6% 47,3% - 29,4% 22,5% 21,7%
Announcement Date 2/27/19 3/5/20 2/18/21 2/16/22 2/28/23 - - -
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 :
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
20
Last Close Price
7.66NOK
Average target price
10.27NOK
Spread / Average Target
+34.09%
Consensus
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