Financials Måsøval

Equities

MAS

NO0010974983

Fishing & Farming

Market Closed - Oslo Bors 10:45:00 2024-05-10 am EDT 5-day change 1st Jan Change
30.8 NOK +1.32% Intraday chart for Måsøval +2.67% +18.46%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 4,931 3,712 3,185 3,773 - -
Enterprise Value (EV) 1 6,856 5,701 5,123 5,543 5,228 4,985
P/E ratio 26.5 x 5.98 x -18.2 x 10.8 x 9.21 x 8.12 x
Yield - 4.95% 1.92% 2.68% 3.6% 4.79%
Capitalization / Revenue 3.99 x 1.86 x 1.33 x 1.37 x 1.19 x 1.05 x
EV / Revenue 5.55 x 2.86 x 2.13 x 2.01 x 1.64 x 1.38 x
EV / EBITDA 19.7 x 6.63 x 7.69 x 6.14 x 5.12 x 4.37 x
EV / FCF -23.8 x 18.1 x 14.8 x 25.4 x 9.27 x 10.6 x
FCF Yield -4.21% 5.53% 6.77% 3.94% 10.8% 9.45%
Price to Book 3.74 x 1.9 x 1.82 x 1.85 x 1.64 x 1.49 x
Nbr of stocks (in thousands) 122,508 122,508 122,508 122,508 - -
Reference price 2 40.25 30.30 26.00 30.80 30.80 30.80
Announcement Date 2/17/22 2/28/23 2/27/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 928.1 1,236 1,992 2,400 2,761 3,184 3,600
EBITDA 1 - 348.1 859.6 666.2 902.5 1,021 1,141
EBIT 1 - 279.6 693.4 471.4 699.8 817.6 930.5
Operating Margin - 22.63% 34.81% 19.64% 25.35% 25.68% 25.85%
Earnings before Tax (EBT) 1 - 210 802.7 164.2 501.6 609.3 708
Net income 1 199.1 164.3 621 -138.9 341.8 399.2 465
Net margin 21.46% 13.3% 31.17% -5.79% 12.38% 12.54% 12.92%
EPS 2 - 1.520 5.070 -1.430 2.863 3.345 3.795
Free Cash Flow 1 - -288.4 315.5 346.6 218.5 564 471
FCF margin - -23.35% 15.84% 14.44% 7.91% 17.72% 13.09%
FCF Conversion (EBITDA) - - 36.71% 52.03% 24.21% 55.22% 41.28%
FCF Conversion (Net income) - - 50.81% - 63.93% 141.27% 101.29%
Dividend per Share 2 - - 1.500 0.5000 0.8267 1.110 1.475
Announcement Date 6/16/21 2/17/22 2/28/23 2/27/24 - - -
1NOK in Million2NOK
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 2025 Q1
Net sales 1 483.1 393.4 280 934.2 354 400.3 237.3 804.6 617.9 688.4 388.5 1,023 754.5 666 690
EBITDA 1 133.5 106.9 109.6 541.1 103.8 88.17 83.47 258.4 161.9 162.4 143.5 369.5 182 205 302
EBIT 1 114.2 85.41 75.18 500.5 61.95 43.56 35.86 210.5 113 112 91.5 318 130.5 153 250
Operating Margin 23.63% 21.71% 26.84% 53.58% 17.5% 10.88% 15.12% 26.16% 18.29% 16.28% 23.55% 31.09% 17.3% 22.97% 36.23%
Earnings before Tax (EBT) 1 89.91 60.96 52.78 558.9 52.01 62.8 -27.35 151.3 105 -52.52 44 253.5 74 97.5 173
Net income 1 68.39 48.01 41.13 429.5 39.22 52.88 -31.27 -126.9 52.53 -33.25 36.5 169.5 62 74 111
Net margin 14.16% 12.2% 14.69% 45.98% 11.08% 13.21% -13.18% -15.78% 8.5% -4.83% 9.4% 16.57% 8.22% 11.11% 16.09%
EPS 2 0.6500 0.4400 0.3400 3.510 0.3200 0.4300 -0.2550 -1.240 0.1900 -0.4800 0.3100 1.400 0.5000 0.7200 0.9000
Dividend per Share 2 - - - - 1.000 0.5000 - 0.5000 - 0.5000 - 0.2500 - 0.5000 -
Announcement Date 11/18/21 2/17/22 5/19/22 8/29/22 11/15/22 2/28/23 5/23/23 8/28/23 11/21/23 2/27/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 1,925 1,989 1,938 1,769 1,455 1,212
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - 5.53 x 2.314 x 2.909 x 1.96 x 1.424 x 1.062 x
Free Cash Flow 1 - -288 316 347 219 564 471
ROE (net income / shareholders' equity) - 18.1% 36.4% -7.5% 18.4% 18.9% 18.6%
ROA (Net income/ Total Assets) - 5.93% - -2.74% 6.7% 7.4% 9.5%
Assets 1 - 2,768 - 5,074 5,101 5,395 4,895
Book Value Per Share 2 - 10.80 15.90 14.30 16.70 18.80 20.70
Cash Flow per Share - - - - - - -
Capex 1 - 512 211 103 277 159 134
Capex / Sales - 41.44% 10.62% 4.3% 10.02% 5% 3.72%
Announcement Date 6/16/21 2/17/22 2/28/23 2/27/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
30.8 NOK
Average target price
38.67 NOK
Spread / Average Target
+25.54%
Consensus
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