BEWI ASA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 31.65 NOK | +7.11% |
|
+7.65% | +23.15% |
| Feb. 15 | Transcript : BEWi ASA, Q4 2023 Earnings Call, Feb 15, 2024 | |
| Feb. 15 | BEWi ASA Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,275 | 12,001 | 9,312 | 4,878 | 5,650 | - | - |
| Enterprise Value (EV) 1 | 4,990 | 13,286 | 15,434 | 11,045 | 10,302 | 9,546 | 9,570 |
| P/E ratio | 10.4 x | 31.4 x | 20.8 x | -25 x | 45.4 x | 12.4 x | 12 x |
| Yield | 1.88% | 1.52% | 1.26% | - | 0.65% | 2.94% | 4.16% |
| Capitalization / Revenue | 0.7 x | 1.51 x | 0.8 x | 0.39 x | 0.45 x | 0.42 x | 0.39 x |
| EV / Revenue | 1.07 x | 1.67 x | 1.32 x | 0.88 x | 0.82 x | 0.71 x | 0.66 x |
| EV / EBITDA | 7.62 x | 11.5 x | 10.4 x | 8.99 x | 7.52 x | 5.45 x | 5.27 x |
| EV / FCF | 75 x | 38 x | -495 x | 39.5 x | 15.5 x | 8.99 x | 8.37 x |
| FCF Yield | 1.33% | 2.63% | -0.2% | 2.53% | 6.45% | 11.1% | 11.9% |
| Price to Book | 1.67 x | 4.45 x | 1.99 x | 1.07 x | 1.19 x | 1.11 x | 1.04 x |
| Nbr of stocks (in thousands) | 148,411 | 156,611 | 191,348 | 191,722 | 191,722 | - | - |
| Reference price 2 | 22.07 | 76.63 | 48.67 | 25.45 | 29.47 | 29.47 | 29.47 |
| Announcement Date | 2/24/21 | 2/24/22 | 2/16/23 | 2/15/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,662 | 7,933 | 11,704 | 12,486 | 12,507 | 13,447 | 14,549 |
| EBITDA 1 | 655 | 1,156 | 1,489 | 1,229 | 1,370 | 1,752 | 1,818 |
| EBIT 1 | 334.6 | 754.9 | 961.6 | 457.5 | 618 | 981 | 1,058 |
| Operating Margin | 7.18% | 9.52% | 8.22% | 3.66% | 4.94% | 7.3% | 7.27% |
| Earnings before Tax (EBT) 1 | 325.5 | 519.5 | 473.6 | -101.7 | 197.3 | 599.2 | 586.9 |
| Net income 1 | 303.3 | 378.5 | 383.3 | -203.3 | 124.7 | 454.4 | 469.5 |
| Net margin | 6.51% | 4.77% | 3.27% | -1.63% | 1% | 3.38% | 3.23% |
| EPS 2 | 2.116 | 2.439 | 2.340 | -1.017 | 0.6490 | 2.373 | 2.454 |
| Free Cash Flow 1 | 66.51 | 349.3 | -31.17 | 279.3 | 665 | 1,062 | 1,143 |
| FCF margin | 1.43% | 4.4% | -0.27% | 2.24% | 5.32% | 7.9% | 7.86% |
| FCF Conversion (EBITDA) | 10.15% | 30.22% | - | 22.72% | 48.56% | 60.61% | 62.9% |
| FCF Conversion (Net income) | 21.93% | 92.28% | - | - | 533.36% | 233.63% | 243.53% |
| Dividend per Share 2 | 0.4138 | 1.166 | 0.6110 | - | 0.1927 | 0.8663 | 1.227 |
| Announcement Date | 2/24/21 | 2/24/22 | 2/16/23 | 2/15/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,916 | 2,207 | 2,417 | 2,875 | 2,912 | 3,072 | 3,315 | 3,434 | 3,118 | 2,855 | 3,142 | 3,164 | 2,996 | 2,917 |
| EBITDA 1 | 339.4 | 279.9 | 361.1 | 418.3 | 374.5 | 271.9 | 315.4 | 373.5 | 280.7 | 283.5 | 360.4 | 371.6 | 382.9 | 371.6 |
| EBIT 1 | 246.8 | 166.5 | 256.1 | 307.3 | 229.7 | 108.1 | 124 | 176.7 | 43.25 | 98.28 | 168.9 | 180.2 | 191.4 | 191.4 |
| Operating Margin | 12.89% | 7.54% | 10.6% | 10.69% | 7.89% | 3.52% | 3.74% | 5.15% | 1.39% | 3.44% | 5.38% | 5.69% | 6.39% | 6.56% |
| Earnings before Tax (EBT) 1 | 173.5 | 130.4 | 156.4 | 307.3 | 166.5 | -192.8 | -5.587 | 58.1 | -88.84 | -64.39 | 54.02 | 72.13 | 91.07 | 89.99 |
| Net income 1 | 118 | 101.8 | 89.23 | 255.4 | 108.9 | -100.3 | -15.64 | 35.61 | -97.02 | -107.3 | 39.97 | 53.38 | 67.39 | 66.6 |
| Net margin | 6.16% | 4.61% | 3.69% | 8.88% | 3.74% | -3.26% | -0.47% | 1.04% | -3.11% | -3.76% | 1.27% | 1.69% | 2.25% | 2.28% |
| EPS 2 | - | 0.6362 | 0.5249 | 1.557 | 0.7620 | -0.5571 | -0.1117 | 0.1186 | -0.5844 | -0.5648 | 0.2090 | 0.2780 | 0.3520 | 0.3470 |
| Dividend per Share | - | 1.166 | - | - | - | 0.6110 | - | - | - | - | - | - | - | - |
| Announcement Date | 11/3/21 | 2/24/22 | 5/20/22 | 8/11/22 | 11/9/22 | 2/16/23 | 5/9/23 | 8/17/23 | 11/7/23 | 2/15/24 | - | - | - | - |
1SEK in Million2SEK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,715 | 1,285 | 6,122 | 6,167 | 4,652 | 3,895 | 3,920 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.619 x | 1.112 x | 4.112 x | 5.018 x | 3.397 x | 2.224 x | 2.157 x |
| Free Cash Flow 1 | 66.5 | 349 | -31.2 | 279 | 665 | 1,062 | 1,143 |
| ROE (net income / shareholders' equity) | 17.4% | 16% | 10.2% | -4.37% | 2.59% | 8.99% | 8.94% |
| ROA (Net income/ Total Assets) | 6.09% | 5.37% | 3.3% | -1.41% | 0.55% | 2.46% | 3.07% |
| Assets 1 | 4,979 | 7,044 | 11,624 | 14,426 | 22,546 | 18,487 | 15,298 |
| Book Value Per Share 2 | 13.20 | 17.20 | 24.40 | 23.70 | 24.80 | 26.50 | 28.20 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 268 | 371 | 486 | 582 | 101 | 171 | - |
| Capex / Sales | 5.75% | 4.67% | 4.16% | 4.66% | 0.81% | 1.27% | - |
| Announcement Date | 2/24/21 | 2/24/22 | 2/16/23 | 2/15/24 | - | - | - |
1SEK in Million2SEK
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-
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
29.47
SEK
Average target price
29.28
SEK
Spread / Average Target
-0.66%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +23.35% | 523M | |
| +19.78% | 21.69B | |
| -9.58% | 9.94B | |
| +19.97% | 9.39B | |
| -2.00% | 5.21B | |
| +3.07% | 4.98B | |
| -3.52% | 3B | |
| +11.19% | 2.99B | |
| -0.88% | 2.43B | |
| +7.04% | 2.08B |
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