Valuation Nel ASA

Equities

Real-time Oslo Bors Other stock markets 08:51:47 2025-01-15 am EST			5-day change	1st Jan Change
2.222 ^NOK	-1.94%		-22.44%	-17.83%

10:12am	DNB lowers target price for Nel to NOK 1.50 (2), reiterates sell - BN	FW
06:33am	SEB lowers target price for Nel to NOK 1.60 (3.60), reiterates sell - BN	FW

Data adjusted to current consolidation scope

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	10,571	40,758	22,213	21,654	11,513	3,786	3,786	-
Change	-	285.56%	-45.5%	-2.51%	-46.83%	-67.11%	0%	-
Enterprise Value (EV) ¹	10,076	38,456	19,513	21,654	8,172	1,869	2,367	2,552
Change	-	281.67%	-49.26%	10.97%	-62.26%	-77.12%	26.64%	7.78%
P/E ratio	-39.3x	31.8x	-13.2x	-18.2x	-13.3x	-12.6x	-9.7x	-16.1x
PBR	5.64x	7.46x	4.38x	-	1.84x	0.73x	0.78x	0.81x
PEG	-	-0x	0x	0.5x	0.4x	0.2x	-0.3x	0.4x
Capitalization / Revenue	18.6x	62.5x	27.8x	21.8x	6.49x	2.51x	2.58x	1.79x
EV / Revenue	17.7x	59x	24.5x	21.8x	4.61x	1.24x	1.61x	1.21x
EV / EBITDA	-61.7x	-153x	-41.1x	-27.8x	-17.2x	-8.33x	-9.79x	-51.2x
EV / EBIT	-42.2x	-92.8x	-33.5x	-16.9x	-11.7x	-4.41x	-5.13x	-9.11x
EV / FCF	-30.8x	-85.8x	-23.6x	-	-5.8x	-2.17x	-4.2x	-3.3x
FCF Yield	-3.24%	-1.17%	-4.24%	-	-17.2%	-46.1%	-23.8%	-30.3%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	-0.22	0.91	-1.15	-0.76	-0.52	-0.18	-0.2337	-0.1404
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	569.7	651.9	798	993.6	1,773	1,508	1,466	2,112
EBITDA ¹	-163.2	-251.5	-475.2	-779.9	-473.7	-224.3	-241.7	-49.81
EBIT ¹	-238.7	-414.5	-582.9	-1,279	-699.5	-424.3	-461.9	-280.1
Net income ¹	-269.7	1,262	-1,667	-1,171	-855.2	-296.9	-395.7	-252.7
Net Debt ¹	-495.4	-2,303	-2,700	-	-3,341	-1,917	-1,419	-1,235
Reference price ²	8.650	28.960	15.210	13.855	6.890	2.266	2.266	2.266
Nbr of stocks (in thousands)	1,222,098	1,407,401	1,460,396	1,562,907	1,670,907	1,670,907	1,670,907	-
Announcement Date	3/5/20	2/18/21	2/16/22	2/28/23	2/28/24	-	-	-

¹NOK in Million²NOK

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield	Capi. ($)
NEL ASA	-9.7x	1.61x	-9.79x	-.--%	332M
SIEMENS ENERGY AG	22.76x	0.89x	8.65x	+1.12%	41.36B
SUNGROW POWER SUPPLY CO., LTD.	12.06x	1.32x	8.26x	+1.22%	20.73B
TRINA SOLAR CO., LTD.	10.36x	0.47x	5.72x	+0.92%	5.32B
MING YANG SMART ENERGY GROUP LIMITED	10.33x	0.82x	7.96x	+1.96%	3.26B
SHENZHEN HOPEWIND ELECTRIC CO., LTD.	24.13x	-	-	+1.05%	1.84B
GOODWE TECHNOLOGIES CO., LTD.	13.53x	-	-	+1.69%	1.3B
ARRAY TECHNOLOGIES, INC.	18.35x	1.05x	4.91x	-.--%	1.03B
SHINFOX ENERGY CO., LTD.	20.31x	1.63x	16.89x	+2.65%	786M
ENEFIT GREEN	11.86x	6.6x	11.25x	+3.70%	736M
Average	13.40x	1.80x	6.73x	+1.43%	7.67B
Weighted average by Cap.	18.02x	1.05x	8.28x	+1.20%