Financials Scatec ASA

Equities

SSO

NO0010715139

Independent Power Producers

Market Closed - Oslo Bors 10:45:00 2024-05-03 am EDT 5-day change 1st Jan Change
76.2 NOK +1.13% Intraday chart for Scatec ASA +2.90% -7.24%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,528 54,046 24,255 12,478 13,055 11,974 - -
Enterprise Value (EV) 1 26,514 59,269 39,204 32,056 36,339 35,069 35,515 40,312
P/E ratio -400 x -97.3 x 62.9 x -9.36 x 20.8 x 15.9 x 22.8 x 17.7 x
Yield 0.85% 0.32% 1.66% 2.47% - 0.53% 0.72% 0.61%
Capitalization / Revenue 8.71 x 19.6 x 6.38 x 3.33 x 2.77 x 2.26 x 1.99 x 1.76 x
EV / Revenue 14.9 x 21.5 x 10.3 x 8.55 x 7.7 x 6.63 x 5.89 x 5.94 x
EV / EBITDA 19.1 x 28.6 x 13.5 x 12.5 x 10.2 x 8.91 x 7.77 x 8.02 x
EV / FCF -5.71 x -429 x 3.86 x -26.1 x -7.32 x 23.9 x 18.6 x 21 x
FCF Yield -17.5% -0.23% 25.9% -3.84% -13.7% 4.19% 5.37% 4.77%
Price to Book 5.04 x 5.35 x 2.62 x 1.51 x 1.5 x 1.16 x 1.06 x 0.92 x
Nbr of stocks (in thousands) 125,129 158,308 158,792 158,756 158,917 158,917 - -
Reference price 2 124.1 341.4 152.8 78.60 82.15 75.35 75.35 75.35
Announcement Date 1/24/20 2/2/21 2/3/22 2/3/23 1/26/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,783 2,754 3,803 3,751 4,721 5,289 6,025 6,785
EBITDA 1 1,386 2,069 2,903 2,555 3,567 3,938 4,570 5,025
EBIT 1 874 1,292 2,012 723 2,625 2,729 3,048 3,423
Operating Margin 49.02% 46.91% 52.91% 19.27% 55.6% 51.6% 50.59% 50.45%
Earnings before Tax (EBT) 1 184 -238 456 -1,095 1,008 891.1 1,021 1,568
Net income 1 -39 -478 388 -1,334 628 754.7 525.5 640.1
Net margin -2.19% -17.36% 10.2% -35.56% 13.3% 14.27% 8.72% 9.43%
EPS 2 -0.3100 -3.510 2.430 -8.400 3.950 4.749 3.300 4.263
Free Cash Flow 1 -4,643 -138 10,153 -1,230 -4,961 1,468 1,908 1,924
FCF margin -260.4% -5.01% 266.97% -32.79% -105.08% 27.76% 31.68% 28.36%
FCF Conversion (EBITDA) - - 349.74% - - 37.28% 41.77% 38.29%
FCF Conversion (Net income) - - 2,616.75% - - 194.52% 363.15% 300.56%
Dividend per Share 2 1.050 1.090 2.540 1.940 - 0.3973 0.5460 0.4580
Announcement Date 1/24/20 2/2/21 2/3/22 2/3/23 1/26/24 - - -
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 1,039 1,014 836 1,163 993 919 1,230 947 1,624 1,281 1,328 1,436 1,422 - -
EBITDA 1 775 398 547 886 689 629 904 686 1,348 1,016 893.7 1,069 1,042 731 846
EBIT 1 539 -716 336 645 458 353 686 484 1,103 643 424 796 779 427 543
Operating Margin 51.88% -70.61% 40.19% 55.46% 46.12% 38.41% 55.77% 51.11% 67.92% 50.2% 31.93% 55.43% 54.76% - -
Earnings before Tax (EBT) 1 238 -1,011 -44 377 -417 2 444 91 471 -38 246 360 379 - -
Net income 1 146 -1,133 -97 255 -359 -163 302 45 445 -115 79 372 351 43 144
Net margin 14.05% -111.74% -11.6% 21.93% -36.15% -17.74% 24.55% 4.75% 27.4% -8.98% 5.95% 25.91% 24.67% - -
EPS 0.9100 -7.130 -0.6100 1.600 -2.260 -1.020 1.900 0.2800 2.800 -0.7300 - - - - -
Dividend per Share 2 - - - - 1.940 - - - - - 0.9000 - - - -
Announcement Date 2/3/22 5/6/22 7/26/22 11/3/22 2/3/23 5/5/23 8/18/23 11/2/23 1/26/24 4/30/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 10,986 5,223 14,949 19,578 23,284 23,095 23,540 28,338
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.926 x 2.524 x 5.15 x 7.663 x 6.528 x 5.865 x 5.152 x 5.639 x
Free Cash Flow 1 -4,643 -138 10,153 -1,230 -4,961 1,468 1,909 1,924
ROE (net income / shareholders' equity) 2.41% -8.12% 4.3% -15.2% 7.41% 6.17% 6.44% 7.49%
ROA (Net income/ Total Assets) 0.33% -1.98% 1.3% -3.82% 1.6% 0.35% 0.86% 1.2%
Assets 1 -11,927 24,121 29,847 34,880 39,263 213,181 60,826 53,345
Book Value Per Share 2 24.60 63.90 58.30 52.00 54.70 65.10 71.00 82.10
Cash Flow per Share 2 - - 13.00 4.760 24.10 30.10 37.40 40.60
Capex 1 6,502 1,774 967 1,986 8,786 4,034 3,208 4,412
Capex / Sales 364.67% 64.42% 25.43% 52.95% 186.1% 76.28% 53.25% 65.03%
Announcement Date 1/24/20 2/2/21 2/3/22 2/3/23 1/26/24 - - -
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
OUTPERFORM
Number of Analysts
7
Last Close Price
75.35 NOK
Average target price
91.14 NOK
Spread / Average Target
+20.96%
Consensus
  1. Stock Market
  2. Equities
  3. SSO Stock
  4. Financials Scatec ASA