Financials REC Silicon ASA

Equities

RECS

NO0010112675

Commodity Chemicals

Market Closed - Oslo Bors Other stock markets 10:45:00 2025-01-15 am EST			5-day change	1st Jan Change
1.298 ^NOK	-1.07%		+9.72%	-63.88%

Jan. 08	Sparebank 1 Markets lowers target price for REC Silicon to NOK 0.50 (3), reiterates sell - BN	FW
Dec. 31	REC Silicon to Halt Polysilicon Production at US Facility	MT

Projected Income Statement: REC Silicon ASA

income-statement-evolution-chart REC-SILICON-ASA

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,482	1,036	1,276	1,525	1,492	1,663	4,771	5,885
Change	-	-30.12%	23.2%	19.53%	-2.2%	11.49%	186.86%	23.35%
EBITDA ¹	-119.4	201.9	68.61	-360.2	-851	-1,691	951.1	1,930
Change	-	-	-66.01%	-	136.29%	-98.64%	-	102.91%
EBIT ¹	-764	-330	-182.7	-601.7	-1,088	-1,983	508.9	1,474
Change	-	-56.81%	-44.64%	229.36%	80.81%	-82.31%	-	189.73%
Interest Paid ¹	-186.8	-301.5	-211.1	-196.1	-156.1	-195.5	-217.2	-173.7
Earnings before Tax (EBT) ¹	-	-587.8	-387.6	-897.8	322.4	-2,191	234.4	1,244
Change	-	-	-34.06%	131.63%	-	-	-	430.92%
Net income ¹	-1,175	-396.1	-268.2	-895.8	322.4	-2,191	138.6	933.3
Change	-	-66.28%	-32.29%	233.97%	-	-	-	573.26%
Announcement Date	2/14/20	2/18/21	2/18/22	2/23/23	2/8/24	-	-	-

¹NOK in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	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	-	284.6	283.3	305.4	231.3	316.4	302.4	385	330.6	435.5	365.3	326.1	310	384.1	375.3	428.2	456.6	409.2	367	405.8
Change	-	-	-0.47%	7.8%	-24.24%	36.79%	-4.43%	27.28%	-14.13%	31.74%	-16.11%	-10.74%	-4.94%	23.92%	-2.31%	14.09%	6.65%	-10.39%	-10.3%	10.55%
EBITDA ¹	-	26.63	171	16.12	32.93	70.22	-30.91	-3.564	34.39	-10.65	-137.4	-243.6	-245	-88.97	-192	-329.8	-341.7	-414.6	-463.7	-447.8
Change	-	-	542.37%	-90.58%	104.33%	113.24%	-	-88.47%	-	-	1,190.5%	77.29%	0.6%	-63.69%	115.75%	71.84%	3.58%	21.35%	11.84%	3.43%
EBIT ¹	-	-83.55	87.89	-44.96	-26.35	7.111	-89.4	-65.94	-35.35	-74.52	-195.1	-281.7	-284.4	-127.7	-230.8	-450.4	-399.1	-519.9	-523.4	-514.1
Change	-	-	-	-	-41.4%	-	-	-26.24%	-46.39%	110.8%	161.84%	44.39%	0.96%	-55.1%	80.72%	95.15%	-11.37%	30.25%	0.68%	1.77%
Charge d'intérêts ¹	-	-51.42	-5.733	-205.6	-48.66	-53.16	-50.13	-51.2	-51.59	-52.48	-42.02	-40.25	-39.42	-32.54	-37.74	-46.72	-59.65	-31.47	-51.04	-76.01
Earnings before Tax (EBT) ¹	-	-369.1	76.67	-225.6	-70.8	-48	-137	-116.7	-84.08	-228.4	-284.7	-268.3	-366.5	-153.9	-267.4	1,104	-439.3	-550.3	-571.2	-601.5
Change	-	-	-	-	-68.62%	-32.21%	185.45%	-14.81%	-27.98%	171.65%	24.66%	-5.76%	36.57%	-58.01%	73.81%	-	-	25.27%	3.8%	-5.31%
Net income ¹	-106.6	-369.1	287	-225.6	-70.8	-48	-25.06	-116.7	-82.17	-228.4	-284.7	-268.3	-366.5	-153.9	-267.4	1,104	-439.3	-550.3	-571.2	-601.5
Change	-	246.14%	-	-	-68.62%	-32.21%	-47.78%	365.73%	-29.61%	177.97%	24.66%	-5.76%	36.57%	-58.01%	73.81%	-	-	25.27%	3.8%	-5.31%
Announcement Date	5/12/20	7/23/20	10/29/20	2/18/21	5/11/21	7/22/21	10/20/21	2/18/22	5/26/22	8/17/22	11/16/22	2/23/23	5/11/23	8/15/23	11/15/23	2/8/24	5/10/24	8/8/24	11/7/24	-

¹NOK in Million

Estimates

Forecast Balance Sheet: REC Silicon ASA

balance-sheet-analysis-chart REC-SILICON-ASA

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,121	111	777	810	1,941	4,772	3,537	2,747
Change	-	-90.1%	600%	4.25%	139.63%	145.85%	-25.88%	-22.34%
Announcement Date	2/14/20	2/18/21	2/18/22	2/23/23	2/8/24	-	-	-

¹NOK in Million

Estimates

Cash Flow Forecast: REC Silicon ASA

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	18.5	11.23	74.55	576.9	1,547	988.2	434.4	445.2
Change	-	-39.28%	563.71%	673.84%	168.18%	-36.13%	-56.04%	2.5%
Free Cash Flow (FCF) ¹	-138.7	-30.24	-205.7	-1,011	-2,460	-2,693	673.3	771
Change	-	-78.2%	580.16%	391.71%	143.26%	9.46%	-125%	14.52%
Announcement Date	2/14/20	2/18/21	2/18/22	2/23/23	2/8/24	-	-	-

¹NOK in Million

Estimates

Forecast Financial Ratios: REC Silicon ASA

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-8.05%	19.49%	5.38%	-23.61%	-57.05%	-101.65%	19.94%	32.8%
EBIT Margin (%)	-51.54%	-31.86%	-14.32%	-39.45%	-72.93%	-119.25%	10.67%	25.05%
EBT Margin (%)	-	-56.76%	-30.38%	-58.86%	21.62%	-131.76%	4.91%	21.15%
Net margin (%)	-79.25%	-38.25%	-21.02%	-58.73%	21.62%	-131.76%	2.91%	15.86%
FCF margin (%)	-9.36%	-2.92%	-16.12%	-66.31%	-164.93%	-161.93%	14.11%	13.1%
FCF / Net Income (%)	11.81%	7.63%	76.69%	112.9%	-763.01%	122.9%	485.65%	82.61%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	-236.28%	-156.19%	-	-	-	-	-13.83%	-491.95%
Financial Health
Leverage (Debt/EBITDA)	-9.39x	0.55x	11.32x	-2.25x	-2.28x	-2.82x	3.72x	1.42x
Debt / Free cash flow	-8.08x	-3.69x	-3.78x	-0.8x	-0.79x	-1.77x	5.25x	3.56x
Capital Intensity
CAPEX / Current Assets (%)	1.25%	1.08%	5.84%	37.82%	103.71%	59.42%	9.1%	7.57%
CAPEX / EBITDA (%)	-15.5%	5.56%	108.65%	-160.17%	-181.79%	-58.45%	45.67%	23.07%
CAPEX / FCF (%)	-13.33%	-37.14%	-36.24%	-57.04%	-62.88%	-36.69%	64.52%	57.75%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	0.8032	1.51	1.869	-3.204	-1.256	0.53
Change	-	-	-	87.98%	23.83%	-271.38%	-60.8%	-142.2%
EPS ¹	-	-1.357	-0.7129	-2.167	0.74	-5.209	0.272	1.786
Change	-	-	-47.48%	204.01%	-134.15%	-803.89%	-105.22%	556.62%
Nbr of stocks (in thousands)	-	372,413	372,413	420,626	420,626	420,626	420,626	420,626
Announcement Date	-	2/18/21	2/18/22	2/23/23	2/8/24	-	-	-