| Income Statement Evolution | |
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| Annual Income Statement Data |
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Actuals in M NOK |
Estimates in M NOK |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 46 267 | 36 474 | 44 922 | 47 896 | 53 124 | 56 937 | | Operating income (EBITDA) | 3 778 | 3 445 | 4 739 | 4 612 | 5 900 | 6 588 | | Operating profit (EBIT) | 2 907 | 2 569 | 3 573 | 3 320 | 4 537 | 5 165 | | Pre-Tax Profit (EBT) | 2 355 | 2 073 | 2 957 | 2 810 | 4 082 | 4 820 | | Net income | 2 010 | 5 218 | 2 260 | 2 037 | 2 970 | 3 479 | | EPS ( NOK) | 7,25 | 19,3 | 8,30 | 7,37 | 10,9 | 12,8 | | Dividend per Share ( NOK) | 2,75 | 3,90 | 4,00 | 3,66 | 4,72 | 5,54 | | Yield | 3,14% | 4,46% | 4,57% | 4,18% | 5,39% | 6,33% | | Announcement Date | 02/17/2011 07:00am | 02/17/2012 06:00am | 02/15/2013 06:02am | - | - | - |
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Actuals in M NOK |
Estimates in M NOK |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 4 180 | 3 500 | 5 384 | 7 748 | 6 922 | 5 962 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 3 778 | 3 445 | 4 739 | 4 612 | 5 900 | 6 588 | Leverage (Debt/EBITDA) | 1,11x | 1,02x | 1,14x | 1,68x | 1,17x | 0,91x | | Capital Expenditure | 2 467 | 3 385 | 2 961 | 2 846 | 2 567 | 3 820 | | Book Value Per Share (BVPS) | 32,8 NOK | 40,7 NOK | 43,7 NOK | 48,0 NOK | 55,4 NOK | 63,2 NOK | | Cash Flow per Share | 13,5 NOK | 14,2 NOK | 6,60 NOK | 11,7 NOK | 15,6 NOK | 17,9 NOK | | Announcement Date | 02/17/2011 07:00am | 02/17/2012 06:00am | 02/15/2013 06:02am | - | - | - |
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Assessed data source : © 2013 Thomson Reuters |
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Valuation |
2013e |
2014e |
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PER (Price / EPS)
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11,9x |
8,06x |
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Capitalization / Revenue
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0,50x |
0,45x |
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EV / Revenue
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0,66x |
0,58x |
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EV / EBITDA
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6,88x |
5,24x |
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Yield (DPS / Price)
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4,18% |
5,39% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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6,93% |
8,54% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
3,36x |
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Net Margin (Net Profit / Revenue)
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4,25% |
5,59% |
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ROA (Net Profit / Asset)
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6,25% |
7,58% |
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ROE (Net Profit / Equities)
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16,2% |
20,9% |
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Rate of Dividend
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49,7% |
43,5% |
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