Company Valuation: Moreld ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2024 2025 2026 2027 2028
Market Cap 1 2,549 3,334 4,480 - -
Change - 30.82% 34.36% - -
Enterprise Value (EV) 1 4,723 5,095 6,355 6,139 5,916
Change - 7.89% 24.73% -3.4% -3.63%
P/E -3.3x 11.8x 14.3x 9.68x 9.12x
PBR 3.65x 4.26x 5.99x 5.37x 4.7x
PEG - -0x 1.48x 0.2x 1.47x
Capitalization / Revenue 0.28x 0.34x 0.55x 0.56x 0.55x
EV / Revenue 0.52x 0.52x 0.78x 0.77x 0.72x
EV / EBITDA 4.39x 4.63x 8.07x 6.56x 6.15x
EV / EBIT 5.54x 6.29x 10.6x 8.24x 7.68x
EV / FCF 3.57x 3.65x 7.55x 6.27x 4.38x
FCF Yield 28% 27.4% 13.2% 16% 22.8%
Dividend per Share 2 0.42 1.68 1.92 2.075 2.1
Rate of return 2.9% 8.95% 7.7% 8.32% 8.42%
EPS 2 -4.39 1.59 1.744 2.576 2.736
Distribution rate -9.57% 106% 110% 80.5% 76.8%
Net sales 1 9,151 9,838 8,111 8,000 8,161
EBITDA 1 1,075 1,101 787.6 936.4 962.1
EBIT 1 852.2 810.5 601 744.9 770.6
Net income 1 -788.6 284.7 306.2 452.7 481.2
Net Debt 1 2,174 1,761 1,875 1,659 1,436
Reference price 2 14.50 18.78 24.95 24.95 24.95
Nbr of stocks (in thousands) 175,828 177,541 179,555 - -
Announcement Date 14/2/25 12/2/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.31x0.78x8.07x7.7% 481M
53.36x2.44x23.34x0.07% 91.92B
12.55x1.07x5.87x4.66% 73.3B
26.81x2.06x20.21x1.14% 57.84B
32x4.01x21.78x0.21% 54.61B
51.64x4.16x26.42x1.72% 41.87B
28.9x0.71x11.78x2.14% 36.27B
23.77x0.49x7.67x2.48% 32.7B
22.45x1.53x14.11x0.21% 32.43B
5.21x0.32x5.81x5.32% 26.8B
Average 27.10x 1.76x 14.51x 2.56% 44.82B
Weighted average by Cap. 31.20x 2.04x 16.37x 1.81%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield