Company Valuation: Norsk Hydro ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 142,619 149,900 137,630 123,741 154,718 204,389 - -
Change - 5.11% -8.19% -10.09% 25.03% 32.1% - -
Enterprise Value (EV) 1 139,406 148,590 146,460 139,717 172,918 212,352 212,359 208,229
Change - 6.59% -1.43% -4.6% 23.76% 22.81% 0% -1.94%
P/E ratio 11.7x 6.22x 38.6x 21.6x 22.9x 11.6x 11.2x 12.6x
PBR 1.7x 1.47x 1.38x 1.23x 1.54x 1.86x 1.73x 1.67x
PEG - 0.1x -0.5x 0.3x 1.3x 0x 3.08x -1.1x
Capitalization / Revenue 0.95x 0.72x 0.71x 0.61x 0.74x 0.96x 0.93x 0.93x
EV / Revenue 0.93x 0.71x 0.76x 0.69x 0.83x 1x 0.96x 0.94x
EV / EBITDA 4.98x 3.75x 6.58x 5.31x 5.99x 5.64x 5.47x 5.8x
EV / EBIT 6.71x 4.77x 11.3x 8.58x 9.27x 7.79x 7.46x 8.28x
EV / FCF 29.9x 7.51x 17.1x 77.6x 14.7x 19.3x 14x 15.6x
FCF Yield 3.34% 13.3% 5.86% 1.29% 6.78% 5.19% 7.13% 6.4%
Dividend per Share 2 5.4 5.65 2.5 2.25 3 5.233 5.521 5.103
Rate of return 7.77% 7.71% 3.65% 3.6% 3.84% 5.03% 5.31% 4.91%
EPS 2 5.93 11.78 1.77 2.9 3.41 8.99 9.316 8.278
Distribution rate 91.1% 48% 141% 77.6% 88% 58.2% 59.3% 61.6%
Net sales 1 149,654 207,929 193,619 203,636 207,971 213,228 220,608 220,629
EBITDA 1 28,010 39,664 22,258 26,318 28,889 37,671 38,854 35,914
EBIT 1 20,786 31,179 12,983 16,284 18,663 27,256 28,475 25,133
Net income 1 13,930 24,154 3,583 5,790 6,717 17,650 18,404 16,272
Net Debt 1 -3,213 -1,310 8,830 15,976 18,200 7,963 7,970 3,840
Reference price 2 69.52 73.32 68.40 62.54 78.20 104.00 104.00 104.00
Nbr of stocks (in thousands) 2,051,476 2,044,467 2,012,141 1,978,589 1,978,489 1,965,278 - -
Announcement Date 2/22/22 2/14/23 2/13/24 2/13/25 2/13/26 - - -
1NOK in Million2NOK
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.57x1x5.64x5.03% 22.17B
9.64x1.64x5.67x - 45.38B
7.01x0.75x3.12x5.95% 28.93B
14.89x1.08x8.42x0.55% 24.54B
8.45x1.11x5.15x0.63% 16.67B
8.41x2.05x5.9x6.02% 11.24B
10.52x - - 3% 10.28B
8.33x1.5x4.4x6.14% 10.18B
13.18x3.79x8.4x2.6% 7.82B
8.93x2.36x5.92x5.87% 6.29B
Average 10.09x 1.70x 5.85x 3.98% 18.35B
Weighted average by Cap. 10.08x 1.42x 5.65x 3.81%

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

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