| 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 | 13 768 | 14 378 | 14 763 | 15 251 | 15 916 | 16 697 | | Operating income (EBITDA) | 2 199 | 2 123 | 1 771 | 1 878 | 2 425 | 2 781 | | Operating profit (EBIT) | 1 611 | 1 618 | 1 292 | 1 438 | 1 932 | 2 290 | | Pre-Tax Profit (EBT) | 3 399 | 1 331 | 683 | 1 138 | 1 734 | 2 178 | | Net income | 2 794 | 742 | 185 | 716 | 1 067 | 1 425 | | EPS ( NOK) | 27,0 | 6,99 | 1,73 | 6,67 | 10,5 | 13,4 | | Dividend per Share ( NOK) | 3,00 | 3,50 | 3,50 | 3,71 | 4,13 | 5,00 | | Yield | 1,18% | 1,38% | 1,38% | 1,46% | 1,62% | 1,97% | | Announcement Date | 02/18/2011 06:00am | 02/16/2012 06:00am | 02/13/2013 06:23am | - | - | - |
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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 | 1 820 | 1 652 | 1 437 | 1 212 | 361 | - | | Finance | - | - | - | - | - | 619 | | Operating income (EBITDA) | 2 199 | 2 123 | 1 771 | 1 878 | 2 425 | 2 781 | Leverage (Debt/EBITDA) | 0,83x | 0,78x | 0,81x | 0,65x | 0,15x | - | | Capital Expenditure | 427 | 354 | 366 | 458 | 461 | 479 | | Book Value Per Share (BVPS) | 64,3 NOK | 60,8 NOK | 51,3 NOK | 58,5 NOK | 64,2 NOK | 73,2 NOK | | Cash Flow per Share | 18,8 NOK | 15,2 NOK | 11,9 NOK | 8,57 NOK | 13,2 NOK | 15,8 NOK | | Announcement Date | 02/18/2011 06:00am | 02/16/2012 06:00am | 02/13/2013 06:23am | - | - | - |
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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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38,1x |
24,1x |
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Capitalization / Revenue
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1,78x |
1,71x |
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EV / Revenue
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1,86x |
1,73x |
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EV / EBITDA
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15,1x |
11,4x |
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Yield (DPS / Price)
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1,46% |
1,62% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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9,43% |
12,1% |
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operating laverage (Delta EBIT / Delta Sales)
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3,43x |
7,86x |
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Net Margin (Net Profit / Revenue)
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4,69% |
6,71% |
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ROA (Net Profit / Asset)
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4,20% |
7,10% |
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ROE (Net Profit / Equities)
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11,5% |
15,4% |
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Rate of Dividend
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55,7% |
39,1% |
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