Market Closed -
Oslo Bors
10:45:00 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
139.5
NOK
|
-5.87%
|
|
-6.75%
|
+13.00%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
41,070
|
62,384
|
93,218
|
48,892
|
36,483
|
41,226
|
-
|
-
|
Enterprise Value (EV)
1 |
43,592
|
64,370
|
94,605
|
51,699
|
40,069
|
44,828
|
44,668
|
44,196
|
P/E ratio
|
50
x
|
80.5
x
|
85.4
x
|
47.6
x
|
52.3
x
|
41.2
x
|
27.2
x
|
22.1
x
|
Yield
|
0.99%
|
0.71%
|
0.52%
|
1.09%
|
1.58%
|
1.85%
|
1.94%
|
2.35%
|
Capitalization / Revenue
|
4.39
x
|
6.28
x
|
8.55
x
|
4.01
x
|
2.47
x
|
2.73
x
|
2.49
x
|
2.22
x
|
EV / Revenue
|
4.66
x
|
6.47
x
|
8.67
x
|
4.24
x
|
2.72
x
|
2.97
x
|
2.7
x
|
2.38
x
|
EV / EBITDA
|
22.4
x
|
29.7
x
|
39.3
x
|
21.9
x
|
17.6
x
|
15
x
|
12.4
x
|
10.7
x
|
EV / FCF
|
60.7
x
|
54.7
x
|
69.5
x
|
133
x
|
91.3
x
|
86.2
x
|
38.7
x
|
37
x
|
FCF Yield
|
1.65%
|
1.83%
|
1.44%
|
0.75%
|
1.1%
|
1.16%
|
2.58%
|
2.7%
|
Price to Book
|
8.09
x
|
11.5
x
|
15.5
x
|
7.66
x
|
5.5
x
|
5.4
x
|
5.05
x
|
4.34
x
|
Nbr of stocks (in thousands)
|
295,040
|
295,240
|
295,460
|
295,240
|
295,526
|
295,526
|
-
|
-
|
Reference price
2 |
139.2
|
211.3
|
315.5
|
165.6
|
123.4
|
139.5
|
139.5
|
139.5
|
Announcement Date
|
2/20/20
|
2/23/21
|
2/23/22
|
2/24/23
|
2/15/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
9,346
|
9,941
|
10,909
|
12,188
|
14,756
|
15,078
|
16,557
|
18,547
|
EBITDA
1 |
1,949
|
2,167
|
2,407
|
2,361
|
2,282
|
2,982
|
3,602
|
4,127
|
EBIT
1 |
1,177
|
1,300
|
1,552
|
1,450
|
1,172
|
1,794
|
2,266
|
2,726
|
Operating Margin
|
12.6%
|
13.08%
|
14.23%
|
11.9%
|
7.94%
|
11.9%
|
13.69%
|
14.7%
|
Earnings before Tax (EBT)
1 |
1,130
|
1,070
|
1,524
|
1,401
|
987
|
1,397
|
2,088
|
2,560
|
Net income
1 |
822.4
|
775.1
|
1,092
|
1,029
|
697
|
1,002
|
1,537
|
1,853
|
Net margin
|
8.8%
|
7.8%
|
10.01%
|
8.44%
|
4.72%
|
6.64%
|
9.29%
|
9.99%
|
EPS
2 |
2.785
|
2.625
|
3.695
|
3.480
|
2.360
|
3.386
|
5.133
|
6.302
|
Free Cash Flow
1 |
717.9
|
1,177
|
1,361
|
389.2
|
439.1
|
520
|
1,154
|
1,195
|
FCF margin
|
7.68%
|
11.84%
|
12.47%
|
3.19%
|
2.98%
|
3.45%
|
6.97%
|
6.44%
|
FCF Conversion (EBITDA)
|
36.83%
|
54.3%
|
56.52%
|
16.49%
|
19.24%
|
17.44%
|
32.03%
|
28.95%
|
FCF Conversion (Net income)
|
87.29%
|
151.8%
|
124.65%
|
37.83%
|
63%
|
51.91%
|
75.06%
|
64.46%
|
Dividend per Share
2 |
1.375
|
1.500
|
1.650
|
1.800
|
1.950
|
2.575
|
2.713
|
3.272
|
Announcement Date
|
2/20/20
|
2/23/21
|
2/23/22
|
2/24/23
|
2/15/24
|
-
|
-
|
-
|
Fiscal Period: December |
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
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
3,050
|
2,501
|
3,054
|
3,156
|
3,477
|
3,239
|
3,879
|
3,515
|
4,123
|
3,322
|
3,428
|
3,872
|
4,352
|
3,898
|
4,200
|
EBITDA
1 |
705
|
402
|
618.5
|
609.4
|
730.9
|
485.1
|
752.7
|
640
|
525
|
392.9
|
687.7
|
868
|
951.3
|
866
|
918
|
EBIT
1 |
480.7
|
188.1
|
390.6
|
408.2
|
463
|
234
|
492.5
|
393
|
173
|
129
|
382.7
|
546.3
|
644.3
|
530
|
576
|
Operating Margin
|
15.76%
|
7.52%
|
12.79%
|
12.93%
|
13.32%
|
7.23%
|
12.7%
|
11.18%
|
4.2%
|
3.88%
|
11.16%
|
14.11%
|
14.81%
|
13.6%
|
13.71%
|
Earnings before Tax (EBT)
1 |
501.5
|
194.6
|
336.2
|
404.3
|
466.1
|
170.4
|
428.5
|
261
|
127
|
33
|
307
|
460.5
|
596.5
|
488
|
535
|
Net income
1 |
365.4
|
141.2
|
238.1
|
286.6
|
362.9
|
123.6
|
305.9
|
178
|
90
|
-
|
221
|
332
|
433.5
|
361
|
391
|
Net margin
|
11.98%
|
5.65%
|
7.8%
|
9.08%
|
10.44%
|
3.82%
|
7.89%
|
5.06%
|
2.18%
|
-
|
6.45%
|
8.57%
|
9.96%
|
9.26%
|
9.31%
|
EPS
2 |
1.235
|
0.4800
|
0.8000
|
0.9700
|
1.230
|
0.4200
|
1.040
|
0.6000
|
0.3000
|
-
|
0.7500
|
1.125
|
1.460
|
1.220
|
1.320
|
Dividend per Share
2 |
1.650
|
-
|
-
|
-
|
1.800
|
-
|
-
|
-
|
1.950
|
-
|
-
|
-
|
1.880
|
-
|
-
|
Announcement Date
|
2/23/22
|
4/29/22
|
7/14/22
|
10/21/22
|
2/24/23
|
4/28/23
|
7/14/23
|
10/20/23
|
2/15/24
|
4/26/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
2,522
|
1,986
|
1,387
|
2,808
|
3,587
|
3,603
|
3,442
|
2,970
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.294
x
|
0.9164
x
|
0.5763
x
|
1.189
x
|
1.572
x
|
1.208
x
|
0.9555
x
|
0.7197
x
|
Free Cash Flow
1 |
718
|
1,177
|
1,361
|
389
|
439
|
520
|
1,154
|
1,195
|
ROE (net income / shareholders' equity)
|
16.2%
|
14.8%
|
19.1%
|
16.6%
|
-
|
13.9%
|
19.2%
|
20.5%
|
ROA (Net income/ Total Assets)
|
8.04%
|
7.1%
|
9.67%
|
8.06%
|
-
|
5.9%
|
8.56%
|
9.44%
|
Assets
1 |
10,231
|
10,922
|
11,283
|
12,761
|
-
|
16,978
|
17,958
|
19,645
|
Book Value Per Share
2 |
17.20
|
18.40
|
20.30
|
21.60
|
22.50
|
25.80
|
27.60
|
32.10
|
Cash Flow per Share
2 |
4.450
|
5.790
|
-
|
3.900
|
5.370
|
7.900
|
8.100
|
7.400
|
Capex
1 |
573
|
534
|
449
|
761
|
1,020
|
1,448
|
1,417
|
1,508
|
Capex / Sales
|
6.14%
|
5.37%
|
4.11%
|
6.24%
|
6.91%
|
9.61%
|
8.56%
|
8.13%
|
Announcement Date
|
2/20/20
|
2/23/21
|
2/23/22
|
2/24/23
|
2/15/24
|
-
|
-
|
-
|
Mean consensus UNDERPERFORM Last Close Price
139.5
NOK Average target price
116.5
NOK Spread / Average Target -16.49% Consensus |
1st Jan change
|
Capi.
|
---|
| +13.00% | 3.73B | | -1.42% | 14.89B | | +25.00% | 4.92B | | -14.84% | 4.68B | | -11.99% | 4.52B | | +10.91% | 4.18B | | -17.31% | 4.12B | | +29.08% | 3.43B | | +0.73% | 3.31B | | -3.89% | 3.18B |
Industrial Machinery
|