Company Valuation: Scatec ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 24,255 12,478 13,055 12,643 16,877 19,006 - -
Change - -48.56% 4.62% -3.16% 33.49% 12.61% - -
Enterprise Value (EV) 1 39,204 32,056 36,339 37,282 42,540 50,651 58,638 68,918
Change - -18.23% 13.36% 2.59% 14.1% 19.07% 15.77% 17.53%
P/E ratio 62.9x -9.36x 20.8x 9.65x 16.2x 28x 13.9x 7.66x
PBR 2.62x 1.51x 1.5x 1.19x 1.67x 1.74x 1.6x 1.43x
PEG - 0x -0x 0x -0.8x -0.8x 0x 0.1x
Capitalization / Revenue 6.38x 3.33x 2.77x 1.92x 3.22x 3.33x 2.37x 1.44x
EV / Revenue 10.3x 8.55x 7.7x 5.67x 8.12x 8.87x 7.32x 5.24x
EV / EBITDA 13.5x 12.5x 10.2x 6.88x 10.6x 11.7x 10x 8.6x
EV / EBIT 19.5x 44.3x 13.8x 9.03x 15x 17x 14.2x 10.7x
EV / FCF 3.86x -26.1x -7.32x -266x -11.9x -7.85x -4.08x -22.5x
FCF Yield 25.9% -3.84% -13.7% -0.38% -8.39% -12.7% -24.5% -4.44%
Dividend per Share 2 2.54 1.94 - - - - - 4.58
Rate of return 1.66% 2.47% - - - - - 3.85%
EPS 2 2.43 -8.4 3.95 8.24 6.54 4.24 8.567 15.53
Distribution rate 105% -23.1% - - - - - 29.5%
Net sales 1 3,803 3,751 4,721 6,574 5,238 5,709 8,011 13,160
EBITDA 1 2,903 2,555 3,567 5,421 4,013 4,316 5,857 8,016
EBIT 1 2,012 723 2,625 4,127 2,845 2,977 4,144 6,465
Net income 1 388 -1,334 628 1,309 1,045 751.9 1,384 1,252
Net Debt 1 14,949 19,578 23,284 24,639 25,663 31,645 39,632 49,912
Reference price 2 152.75 78.60 82.15 79.50 106.20 118.90 118.90 118.90
Nbr of stocks (in thousands) 158,792 158,756 158,917 159,028 158,917 159,849 - -
Announcement Date 2/3/22 2/3/23 1/26/24 1/31/25 1/30/26 - - -
1NOK in Million2NOK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.04x8.87x11.73x-.--% 2.03B
20.02x10.02x12.95x2.38% 25.99B
99.39x20.27x24.85x-.--% 20.07B
33.88x8.16x10.84x1.15% 16.58B
14.33x5.96x9.29x3.89% 8.59B
-67.96x7.76x9.09x4.82% 4.73B
15.56x4.66x7.9x3.24% 4.25B
Average 20.47x 9.38x 12.38x 2.21% 11.75B
Weighted average by Cap. 36.50x 11.28x 14.53x 1.84%

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