Financials Norske Skog ASA

Equities

NSKOG

NO0010861115

Paper Products

Market Closed - Oslo Bors 10:45:00 2024-04-26 am EDT 5-day change 1st Jan Change
38.4 NOK +2.29% Intraday chart for Norske Skog ASA +4.69% -7.25%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,605 3,193 3,620 6,339 3,512 3,258 - -
Enterprise Value (EV) 1 4,524 3,918 4,674 7,431 6,102 6,741 6,159 5,706
P/E ratio 1.76 x -1.69 x -9.97 x 2.47 x 7.86 x -39.3 x 12.6 x 5.13 x
Yield 14.3% - - 7.43% - 5.21% 9.11% 13%
Capitalization / Revenue 0.28 x 0.33 x 0.35 x 0.42 x 0.26 x 0.25 x 0.21 x 0.19 x
EV / Revenue 0.35 x 0.41 x 0.45 x 0.49 x 0.45 x 0.52 x 0.4 x 0.33 x
EV / EBITDA 2.33 x 5.32 x 7.06 x 2.39 x 2.85 x 6.42 x 4.55 x 3.23 x
EV / FCF 19.4 x -47.2 x -5.63 x -39.5 x -5.28 x -15 x 13.1 x 5.42 x
FCF Yield 5.15% -2.12% -17.8% -2.53% -18.9% -6.68% 7.63% 18.5%
Price to Book 0.66 x 0.99 x 1.16 x 1.07 x 0.61 x 0.56 x 0.53 x -
Nbr of stocks (in thousands) 82,500 82,500 94,265 94,265 84,838 84,838 - -
Reference price 2 43.70 38.70 38.40 67.25 41.40 38.40 38.40 38.40
Announcement Date 2/6/20 2/4/21 2/4/22 2/7/23 2/8/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 12,954 9,613 10,315 15,214 13,523 12,908 15,284 17,038
EBITDA 1 1,938 736 662 3,105 2,143 1,050 1,354 1,769
EBIT 1 1,482 -153 -160 2,558 1,627 355 713 1,128
Operating Margin 11.44% -1.59% -1.55% 16.81% 12.03% 2.75% 4.66% 6.62%
Earnings before Tax (EBT) 1 2,192 -1,699 -295 2,778 591 -90.24 339.9 763
Net income 1 2,044 -1,885 -363 2,572 481 -119.6 318 664.7
Net margin 15.78% -19.61% -3.52% 16.91% 3.56% -0.93% 2.08% 3.9%
EPS 2 24.77 -22.84 -3.850 27.28 5.270 -0.9776 3.056 7.486
Free Cash Flow 1 233 -83 -830 -188 -1,156 -450 470 1,053
FCF margin 1.8% -0.86% -8.05% -1.24% -8.55% -3.49% 3.08% 6.18%
FCF Conversion (EBITDA) 12.02% - - - - - 34.7% 59.53%
FCF Conversion (Net income) 11.4% - - - - - 147.79% 158.41%
Dividend per Share 2 6.250 - - 5.000 - 2.000 3.500 5.000
Announcement Date 2/6/20 2/4/21 2/4/22 2/7/23 2/8/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 3,092 3,590 3,937 3,630 4,056 3,320 3,404 3,036 3,763 2,688 3,269 3,448 3,858 4,394 4,570
EBITDA 1 422 610 905 508 1,083 675 380 327 760 76 547 181.2 173.4 254 398
EBIT 1 479 496 1,195 113 - 559 146 36 629 -49 397 -8 16 44 188
Operating Margin 15.49% 13.82% 30.35% 3.11% - 16.84% 4.29% 1.19% 16.72% -1.82% 12.15% -0.23% 0.41% 1% 4.11%
Earnings before Tax (EBT) 1 480 593 1,065 23 1,097 -148 41 112 586 -382 -101.1 -57.58 -97.13 -30.48 118
Net income 1 400 583 935 -11 1,065 -181 45 134 482 -328 277 -45.67 -27 -5 100.9
Net margin 12.94% 16.24% 23.75% -0.3% 26.26% -5.45% 1.32% 4.41% 12.81% -12.2% 8.47% -1.32% -0.7% -0.11% 2.21%
EPS 2 4.240 6.180 9.920 -0.1200 11.30 -1.910 0.4800 1.450 5.250 -3.860 -0.8258 -0.4704 -0.7934 -0.2490 0.9637
Dividend per Share 2 - - - - 5.000 5.000 - - - - - - - - -
Announcement Date 2/4/22 4/28/22 7/15/22 10/20/22 2/7/23 4/27/23 7/14/23 10/19/23 2/8/24 4/19/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 919 725 1,054 1,092 2,590 3,483 2,901 2,449
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.4742 x 0.9851 x 1.592 x 0.3517 x 1.209 x 3.317 x 2.142 x 1.384 x
Free Cash Flow 1 233 -83 -830 -188 -1,156 -450 470 1,053
ROE (net income / shareholders' equity) 52% -43.3% -11.4% 56.9% 7.97% -2% 4.63% 10.4%
ROA (Net income/ Total Assets) - - -4.29% 22.6% 3.39% -0.8% 2.8% 5%
Assets 1 - - 8,456 11,367 14,189 14,948 11,358 13,295
Book Value Per Share 2 66.60 39.00 33.20 62.70 67.50 69.10 73.10 -
Cash Flow per Share - - - - - - - -
Capex 1 369 632 1,021 2,228 3,085 900 460 500
Capex / Sales 2.85% 6.57% 9.9% 14.64% 22.81% 6.97% 3.01% 2.93%
Announcement Date 2/6/20 2/4/21 2/4/22 2/7/23 2/8/24 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
38.4 NOK
Average target price
46.67 NOK
Spread / Average Target
+21.53%
Consensus
  1. Stock Market
  2. Equities
  3. NSKOG Stock
  4. Financials Norske Skog ASA