Financials Scatec ASA

Equities

SSO

NO0010715139

Independent Power Producers

Market Closed - Oslo Bors 10:45:00 2024-04-26 am EDT 5-day change 1st Jan Change
74.05 NOK +4.59% Intraday chart for Scatec ASA +11.02% -9.86%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,528 54,046 24,255 12,478 13,055 11,768 - -
Enterprise Value (EV) 1 26,514 59,269 39,204 32,056 36,339 34,666 35,103 35,992
P/E ratio -400 x -97.3 x 62.9 x -9.36 x 20.8 x 19.3 x 22.7 x 18.1 x
Yield 0.85% 0.32% 1.66% 2.47% - 0.54% 0.87% 0.62%
Capitalization / Revenue 8.71 x 19.6 x 6.38 x 3.33 x 2.77 x 2.24 x 1.95 x 1.73 x
EV / Revenue 14.9 x 21.5 x 10.3 x 8.55 x 7.7 x 6.59 x 5.81 x 5.28 x
EV / EBITDA 19.1 x 28.6 x 13.5 x 12.5 x 10.2 x 8.9 x 7.73 x 7.25 x
EV / FCF -5.71 x -429 x 3.86 x -26.1 x -7.32 x 9.46 x 14.2 x 10 x
FCF Yield -17.5% -0.23% 25.9% -3.84% -13.7% 10.6% 7.06% 9.96%
Price to Book 5.04 x 5.35 x 2.62 x 1.51 x 1.5 x 1.18 x 1.09 x 0.98 x
Nbr of stocks (in thousands) 125,129 158,308 158,792 158,756 158,917 158,917 - -
Reference price 2 124.1 341.4 152.8 78.60 82.15 74.05 74.05 74.05
Announcement Date 1/24/20 2/2/21 2/3/22 2/3/23 1/26/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,783 2,754 3,803 3,751 4,721 5,257 6,040 6,812
EBITDA 1 1,386 2,069 2,903 2,555 3,567 3,894 4,540 4,961
EBIT 1 874 1,292 2,012 723 2,625 2,518 3,057 3,404
Operating Margin 49.02% 46.91% 52.91% 19.27% 55.6% 47.91% 50.61% 49.97%
Earnings before Tax (EBT) 1 184 -238 456 -1,095 1,008 799 1,016 1,420
Net income 1 -39 -478 388 -1,334 628 610 520 649.9
Net margin -2.19% -17.36% 10.2% -35.56% 13.3% 11.6% 8.61% 9.54%
EPS 2 -0.3100 -3.510 2.430 -8.400 3.950 3.829 3.265 4.089
Free Cash Flow 1 -4,643 -138 10,153 -1,230 -4,961 3,664 2,477 3,586
FCF margin -260.4% -5.01% 266.97% -32.79% -105.08% 69.7% 41.01% 52.64%
FCF Conversion (EBITDA) - - 349.74% - - 94.1% 54.56% 72.28%
FCF Conversion (Net income) - - 2,616.75% - - 600.64% 476.37% 551.75%
Dividend per Share 2 1.050 1.090 2.540 1.940 - 0.3973 0.6457 0.4580
Announcement Date 1/24/20 2/2/21 2/3/22 2/3/23 1/26/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 1,059 1,039 1,014 836 1,163 993 919 1,230 947 1,624 1,124 1,332 1,439 1,425
EBITDA 1 827 775 398 547 886 689 629 904 686 1,348 723.8 957.2 1,088 1,072
EBIT 1 558 539 -716 336 645 458 353 686 484 1,103 408.3 593.3 749 730.7
Operating Margin 52.69% 51.88% -70.61% 40.19% 55.46% 46.12% 38.41% 55.77% 51.11% 67.92% 36.31% 44.56% 52.05% 51.27%
Earnings before Tax (EBT) 1 230 238 -1,011 -44 377 -417 2 444 91 471 28 246 360 379
Net income 1 131 146 -1,133 -97 255 -359 -163 302 45 445 48 113 308 301
Net margin 12.37% 14.05% -111.74% -11.6% 21.93% -36.15% -17.74% 24.55% 4.75% 27.4% 4.27% 8.49% 21.4% 21.12%
EPS 0.8300 0.9100 -7.130 -0.6100 1.600 -2.260 -1.020 1.900 0.2800 2.800 - - - -
Dividend per Share 2 - - - - - 1.940 - - - - - 0.9000 - -
Announcement Date 10/29/21 2/3/22 5/6/22 7/26/22 11/3/22 2/3/23 5/5/23 8/18/23 11/2/23 1/26/24 - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 10,986 5,223 14,949 19,578 23,284 22,898 23,335 24,224
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.926 x 2.524 x 5.15 x 7.663 x 6.528 x 5.881 x 5.14 x 4.883 x
Free Cash Flow 1 -4,643 -138 10,153 -1,230 -4,961 3,664 2,477 3,586
ROE (net income / shareholders' equity) 2.41% -8.12% 4.3% -15.2% 7.41% 5.98% 6.59% 8.16%
ROA (Net income/ Total Assets) 0.33% -1.98% 1.3% -3.82% 1.6% 1.8% 1.1% 1.33%
Assets 1 -11,927 24,121 29,847 34,880 39,263 33,890 47,206 48,978
Book Value Per Share 2 24.60 63.90 58.30 52.00 54.70 62.90 68.20 75.20
Cash Flow per Share 2 - - 13.00 4.760 24.10 28.50 35.70 38.70
Capex 1 6,502 1,774 967 1,986 8,786 2,814 3,185 4,400
Capex / Sales 364.67% 64.42% 25.43% 52.95% 186.1% 53.53% 52.74% 64.59%
Announcement Date 1/24/20 2/2/21 2/3/22 2/3/23 1/26/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
74.05 NOK
Average target price
91.14 NOK
Spread / Average Target
+23.08%
Consensus
  1. Stock Market
  2. Equities
  3. SSO Stock
  4. Financials Scatec ASA