| 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 | 94 843 | 98 516 | 101 718 | 103 283 | 106 731 | 109 395 | | Operating income (EBITDA) | 29 220 | 30 041 | 32 755 | 35 673 | 37 879 | 39 577 | | Operating profit (EBIT) | 12 500 | 14 733 | 18 353 | 21 455 | 23 602 | 25 344 | | Pre-Tax Profit (EBT) | 20 205 | 13 355 | 11 445 | 23 879 | 27 008 | 29 019 | | Net income | 14 334 | 7 937 | 9 490 | 15 288 | 17 295 | 18 623 | | EPS ( NOK) | 8,68 | 4,88 | 6,05 | 10,0 | 11,4 | 12,4 | | Dividend per Share ( NOK) | 3,80 | 5,00 | 6,00 | 6,68 | 7,62 | 8,40 | | Yield | 2,98% | 3,92% | 4,71% | 5,24% | 5,97% | 6,58% | | Announcement Date | 02/08/2011 06:36am | 02/08/2012 06:00am | 02/13/2013 06:12am | - | - | - |
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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 | 19 276 | 18 222 | 33 082 | 34 570 | 33 954 | 34 321 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 29 220 | 30 041 | 32 755 | 35 673 | 37 879 | 39 577 | Leverage (Debt/EBITDA) | 0,66x | 0,61x | 1,01x | 0,97x | 0,90x | 0,87x | | Capital Expenditure | 11 688 | 11 907 | 16 892 | 14 345 | 13 993 | 13 234 | | Book Value Per Share (BVPS) | 53,0 NOK | 52,7 NOK | 47,6 NOK | 51,3 NOK | 53,5 NOK | 56,2 NOK | | Cash Flow per Share | 16,0 NOK | 17,2 NOK | 15,3 NOK | 18,9 NOK | 19,5 NOK | 19,9 NOK | | Announcement Date | 02/08/2011 06:36am | 02/08/2012 06:00am | 02/13/2013 06:12am | - | - | - |
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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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12,7x |
11,2x |
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Capitalization / Revenue
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1,92x |
1,86x |
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EV / Revenue
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2,26x |
2,18x |
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EV / EBITDA
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6,53x |
6,14x |
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Yield (DPS / Price)
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5,24% |
5,97% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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20,8% |
22,1% |
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operating laverage (Delta EBIT / Delta Sales)
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11,0x |
3,00x |
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Net Margin (Net Profit / Revenue)
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14,8% |
16,2% |
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ROA (Net Profit / Asset)
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10,4% |
12,0% |
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ROE (Net Profit / Equities)
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19,8% |
21,7% |
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Rate of Dividend
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66,7% |
67,0% |
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