Projected Income Statement: Scatec ASA

Forecast Balance Sheet: Scatec ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 14,949 19,578 23,284 24,639 25,663 31,645 39,632 49,912
Change - 30.97% 18.93% 5.82% 4.16% 23.31% 25.24% 25.94%
Announcement Date 2/3/22 2/3/23 1/26/24 1/31/25 1/30/26 - - -
1NOK in Million
Estimates

Cash Flow Forecast: Scatec ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 967 1,986 8,786 3,268 6,029 8,617 14,609 8,639
Change - 105.38% 342.4% -62.8% 84.49% 42.93% 69.52% -40.86%
Free Cash Flow (FCF) 1 10,153 -1,230 -4,961 -140 -3,569 -6,452 -14,359 -3,060
Change - -112.11% -303.33% 97.18% -2,449.29% -80.78% -122.56% 78.69%
Announcement Date 2/3/22 2/3/23 1/26/24 1/31/25 1/30/26 - - -
1NOK in Million
Estimates

Forecast Financial Ratios: Scatec ASA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 76.33% 68.12% 75.56% 82.46% 76.61% 75.84% 73.45% 57.74%
EBIT Margin (%) 52.91% 19.27% 55.6% 62.78% 54.31% 51.95% 51.66% 44.62%
EBT Margin (%) 11.99% -29.19% 21.35% 22.27% 20.52% 14.64% 18.45% 15.11%
Net margin (%) 10.2% -35.56% 13.3% 19.91% 19.95% 13.17% 17.27% 9.51%
FCF margin (%) 266.97% -32.79% -105.08% -2.13% -68.14% -113.01% -179.25% -23.25%
FCF / Net Income (%) 2,616.75% 92.2% -789.97% -10.7% -341.53% -858.07% -1,037.71% -244.37%

Profitability

        
ROA 1.3% -3.82% 1.6% 2.99% - - - -
ROE 4.3% -15.22% 7.41% 13.55% 10.09% 5.03% 8.59% 17.13%

Financial Health

        
Leverage (Debt/EBITDA) 5.15x 7.66x 6.53x 4.55x 6.39x 7.31x 6.74x 6.57x
Debt / Free cash flow 1.47x -15.92x -4.69x -175.99x -7.19x -4.9x -2.76x -16.31x

Capital Intensity

        
CAPEX / Current Assets (%) 25.43% 52.95% 186.1% 49.71% 115.1% 150.94% 182.36% 65.65%
CAPEX / EBITDA (%) 33.31% 77.73% 246.31% 60.28% 150.24% 199.03% 248.29% 113.69%
CAPEX / FCF (%) 9.52% -161.46% -177.1% -2,334.29% -168.93% -133.56% -101.74% -282.37%

Items per share

        
Cash flow per share 1 12.96 4.758 24.07 19.69 15.4 23.47 29.54 -
Change - -63.28% 405.95% -18.2% -21.81% 52.47% 25.84% -
Dividend per Share 1 2.54 1.94 - - - - - 4.58
Change - -23.62% - - - - - -
Book Value Per Share 1 58.34 52 54.67 66.88 63.51 68.4 74.38 83
Change - -10.86% 5.13% 22.34% -5.05% 7.71% 8.73% 11.59%
EPS 1 2.43 -8.4 3.95 8.24 6.54 4.24 8.567 15.53
Change - -445.68% 147.02% 108.61% -20.63% -35.17% 102.07% 81.27%
Nbr of stocks (in thousands) 158,792 158,756 158,917 159,028 158,917 159,849 159,849 159,849
Announcement Date 2/3/22 2/3/23 1/26/24 1/31/25 1/30/26 - - -
1NOK
Estimates
2026 *2027 *
P/E ratio 28x 13.9x
PBR 1.74x 1.6x
EV / Sales 8.87x 7.32x
Yield - -

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
118.90NOK
Average target price
129.57NOK
Spread / Average Target
+8.98%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. SSO Stock
  4. Financials Scatec ASA