BLUENORD ASA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 564 NOK | +0.71% |
|
-2.59% | +13.37% |
| Apr. 29 | BlueNord Updates on Tyra Redevelopment Project | CI |
| Apr. 18 | TotalEnergies, BlueNord's Tyra Natural Gas Hub in Denmark | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,536 | 3,412 | 3,703 | 10,082 | 12,987 | 14,619 | - | - |
| Enterprise Value (EV) 1 | 12,064 | 9,758 | 13,080 | 18,796 | 24,372 | 26,744 | 25,856 | 25,984 |
| P/E ratio | - | 33.4 x | -7.84 x | -32.1 x | 15.3 x | 10.1 x | 5.66 x | 6.46 x |
| Yield | - | - | - | - | - | 19.2% | 28.4% | 18.7% |
| Capitalization / Revenue | 1.77 x | 0.71 x | 0.74 x | 1.02 x | 1.56 x | 1.38 x | 1.01 x | 1.11 x |
| EV / Revenue | 3.87 x | 2.03 x | 2.6 x | 1.9 x | 2.92 x | 2.52 x | 1.78 x | 1.97 x |
| EV / EBITDA | 10.3 x | 4.6 x | 5.88 x | 3 x | 5.51 x | 4.07 x | 2.5 x | 2.8 x |
| EV / FCF | -1.26 x | 18.5 x | -8.28 x | 5.75 x | -38.1 x | 12.4 x | 4.87 x | 11.8 x |
| FCF Yield | -79.6% | 5.39% | -12.1% | 17.4% | -2.63% | 8.09% | 20.6% | 8.5% |
| Price to Book | 1.03 x | 0.65 x | 0.86 x | 1.6 x | 2.05 x | 2.34 x | 3.17 x | 3.72 x |
| Nbr of stocks (in thousands) | 24,549 | 24,111 | 24,111 | 25,557 | 26,105 | 26,105 | - | - |
| Reference price 2 | 225.5 | 141.5 | 153.6 | 394.5 | 497.5 | 560.0 | 560.0 | 560.0 |
| Announcement Date | 2/25/20 | 2/18/21 | 2/16/22 | 2/15/23 | 2/20/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,119 | 4,801 | 5,030 | 9,899 | 8,348 | 10,629 | 14,511 | 13,180 |
| EBITDA 1 | 1,171 | 2,121 | 2,226 | 6,257 | 4,421 | 6,566 | 10,332 | 9,282 |
| EBIT 1 | 711.8 | 1,383 | 1,282 | 4,890 | 3,350 | 4,766 | 7,783 | 6,891 |
| Operating Margin | 22.82% | 28.8% | 25.49% | 49.41% | 40.13% | 44.84% | 53.63% | 52.28% |
| Earnings before Tax (EBT) 1 | -1,733 | -152.7 | 44.52 | 2,546 | 1,743 | 3,936 | 6,986 | 6,166 |
| Net income 1 | 2,014 | 144.2 | -471.9 | -312.2 | 861.1 | 1,462 | 2,600 | 2,282 |
| Net margin | 64.56% | 3% | -9.38% | -3.15% | 10.31% | 13.75% | 17.92% | 17.32% |
| EPS 2 | - | 4.241 | -19.59 | -12.29 | 32.48 | 55.60 | 98.95 | 86.74 |
| Free Cash Flow 1 | -9,600 | 526.1 | -1,581 | 3,270 | -640.1 | 2,164 | 5,314 | 2,207 |
| FCF margin | -307.81% | 10.96% | -31.42% | 33.03% | -7.67% | 20.36% | 36.62% | 16.75% |
| FCF Conversion (EBITDA) | - | 24.81% | - | 52.26% | - | 32.96% | 51.43% | 23.78% |
| FCF Conversion (Net income) | - | 364.82% | - | - | - | 148.08% | 204.36% | 96.71% |
| Dividend per Share 2 | - | - | - | - | - | 107.2 | 158.8 | 104.8 |
| Announcement Date | 2/25/20 | 2/18/21 | 2/16/22 | 2/15/23 | 2/20/24 | - | - | - |
1NOK in Million2NOK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | - | 2,696 | 3,043 | 2,352 | 2,316 | 1,984 | 2,193 | 1,932 | 1,899 | 2,016 | 3,194 | 3,267 |
| EBITDA 1 | - | 1,699 | 2,049 | 1,431 | 1,277 | 1,028 | 1,162 | 997.6 | 971.3 | 998.5 | 2,190 | 2,212 |
| EBIT 1 | - | 1,346 | 1,738 | 1,107 | 1,003 | 744.5 | 891.4 | 714.1 | 700 | 635.4 | 1,622 | 1,607 |
| Operating Margin | - | 49.92% | 57.1% | 47.06% | 43.31% | 37.53% | 40.65% | 36.96% | 36.86% | 31.51% | 50.78% | 49.2% |
| Earnings before Tax (EBT) 1 | - | 427.3 | 1,415 | 892.7 | 776.2 | 314.2 | 350.8 | 304.5 | 491 | 404.6 | 1,335 | 1,313 |
| Net income 1 | -434.1 | -501.5 | -124.4 | 774 | 436.9 | 196 | -69.07 | 283.5 | 186.9 | 155.6 | 506.5 | 491.5 |
| Net margin | - | -18.6% | -4.09% | 32.91% | 18.87% | 9.88% | -3.15% | 14.67% | 9.84% | 7.72% | 15.86% | 15.05% |
| EPS 2 | -18.37 | -20.35 | -5.185 | 30.71 | 11.55 | 7.072 | -2.193 | 10.48 | 7.068 | 5.816 | 19.20 | 18.70 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 31.02 | 75.27 |
| Announcement Date | 5/9/22 | 7/12/22 | 10/26/22 | 2/15/23 | 5/10/23 | 7/12/23 | 10/18/23 | 2/20/24 | - | - | - | - |
1NOK in Million2NOK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,528 | 6,346 | 9,377 | 8,714 | 11,385 | 12,125 | 11,237 | 11,365 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.576 x | 2.993 x | 4.213 x | 1.393 x | 2.575 x | 1.847 x | 1.088 x | 1.224 x |
| Free Cash Flow 1 | -9,600 | 526 | -1,581 | 3,270 | -640 | 2,164 | 5,314 | 2,207 |
| ROE (net income / shareholders' equity) | 75.8% | 2.79% | -9.45% | -5.57% | 12.4% | 20.5% | 46.2% | 51.6% |
| ROA (Net income/ Total Assets) | - | - | - | - | 2.5% | 4.6% | 7.2% | 6.6% |
| Assets 1 | - | - | - | - | 34,479 | 31,774 | 36,117 | 34,582 |
| Book Value Per Share 2 | 219.0 | 218.0 | 178.0 | 247.0 | 243.0 | 239.0 | 177.0 | 150.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 10,836 | 1,971 | 2,025 | 2,473 | 3,258 | 2,313 | 1,582 | 1,862 |
| Capex / Sales | 347.45% | 41.05% | 40.25% | 24.99% | 39.03% | 21.76% | 10.9% | 14.13% |
| Announcement Date | 2/25/20 | 2/18/21 | 2/16/22 | 2/15/23 | 2/20/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
560
NOK
Average target price
640.7
NOK
Spread / Average Target
+14.40%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.96% | 1.32B | |
| +7.76% | 296B | |
| +5.32% | 143B | |
| +56.15% | 128B | |
| +17.95% | 80.11B | |
| +8.97% | 75.81B | |
| +19.90% | 62.99B | |
| +8.29% | 57.32B | |
| +9.99% | 48.69B | |
| +27.44% | 35.25B |
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