Financials Tomra Systems ASA

Equities

TOM

NO0012470089

Industrial Machinery & Equipment

Market Closed - Oslo Bors 10:45:00 2024-04-26 am EDT 5-day change 1st Jan Change
139.5 NOK -5.87% Intraday chart for Tomra Systems ASA -6.75% +13.00%

Valuation

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 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

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 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

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 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

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 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
7
Last Close Price
139.5 NOK
Average target price
116.5 NOK
Spread / Average Target
-16.49%
Consensus
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