Elmera Group ASA (OSE:ELMRA)

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Price: 39 NOK 1.69%

Market Cap: 4.4B NOK

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Section:

Relative Value

The Relative Value of one ELMRA stock under the Base Case scenario is 68.9 NOK. Compared to the current market price of 39 NOK, Elmera Group ASA is Undervalued by 43%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

ELMRA Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.3

P/S

vs History	42
vs Industry	89

Median 5Y

0.2

Industry

1.7

Forward

0.3

More Details

P/E

vs History	7
vs Industry	29

Median 5Y

14.3

Industry

15.2

Forward

14.9

More Details

7.4

P/OCF

vs History	39
vs Industry	48

Median 5Y

6.3

Industry

More Details

15.6

P/FCFE

vs History	14
vs Industry	23

Median 5Y

Industry

13.8

More Details

3.3

P/B

vs History	25
vs Industry	19

Median 5Y

2.6

Industry

1.4

More Details

0.4

EV/S

vs History	42
vs Industry	89

Median 5Y

0.3

Industry

2.8

Forward

0.4

More Details

2.8

EV/GP

vs History	34
vs Industry	76

Median 5Y

2.6

Industry

7.5

More Details

7.8

EV/EBITDA

vs History	33
vs Industry	49

Median 5Y

7.2

Industry

10.5

Forward

More Details

EV/EBIT

vs History	33
vs Industry	45

Median 5Y

Industry

14.9

Forward

9.1

More Details

8.7

EV/OCF

vs History	34
vs Industry	56

Median 5Y

6.5

Industry

11.1

More Details

9.8

EV/FCFF

vs History	34
vs Industry	39

Median 5Y

6.9

Industry

16.4

More Details

1.3

EV/IC

vs History	38
vs Industry	37

Median 5Y

Industry

0.9

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
NO	E	Elmera Group ASA OSE:ELMRA	4.3B NOK	0.3	18	7.8	11
US		Nextera Energy Inc NYSE:NEE	156.3B USD	6	22.5	16	27
US		Southern Co NYSE:SO	96B USD	3.6	20.3	12.9	22.5
ES		Iberdrola SA MAD:IBE	88B EUR	1.9	13.3	7.2	10.9
US		Duke Energy Corp NYSE:DUK	88.5B USD	2.9	21.1	12	22
US		Constellation Energy Corp NASDAQ:CEG	78.2B USD	3.3	27.3	13.9	25.3
IT		Enel SpA MIL:ENEL	68.3B EUR	0.5	7.8	4	5.4
US		PG&E Corp NYSE:PCG	55.9B USD	2.3	20.3	12.2	21.7
US		American Electric Power Company Inc NASDAQ:AEP	51.9B USD	2.6	19.7	12.7	23.1
FR		Electricite de France SA PAR:EDF	46.6B EUR	0.3	-2.5	-5.4	-3.2
DK	O	Oersted A/S SWB:D2G	46B EUR	5.3	68	27.8	27.8

				Revenue Growth
NO	E	Elmera Group ASA OSE:ELMRA	Average P/S: 2.6 0.3	-22%
US		Nextera Energy Inc NYSE:NEE	6	15%
US		Southern Co NYSE:SO	3.6	14%
ES		Iberdrola SA MAD:IBE	1.9	5%
US		Duke Energy Corp NYSE:DUK	2.9	12%
US		Constellation Energy Corp NASDAQ:CEG	3.3	-1%
IT		Enel SpA MIL:ENEL	0.5	4%
US		PG&E Corp NYSE:PCG	2.3	10%
US		American Electric Power Company Inc NASDAQ:AEP	2.6	17%
FR		Electricite de France SA PAR:EDF	0.3	-43%
DK	O	Oersted A/S SWB:D2G	5.3	20%

				Earnings Growth
NO	E	Elmera Group ASA OSE:ELMRA	Average P/E: 23.8 18	68%
US		Nextera Energy Inc NYSE:NEE	22.5	14%
US		Southern Co NYSE:SO	20.3	31%
ES		Iberdrola SA MAD:IBE	13.3	20%
US		Duke Energy Corp NYSE:DUK	21.1	93%
US		Constellation Energy Corp NASDAQ:CEG	27.3	89%
IT		Enel SpA MIL:ENEL	7.8	112%
US		PG&E Corp NYSE:PCG	20.3	89%
US		American Electric Power Company Inc NASDAQ:AEP	19.7	53%
FR		Electricite de France SA PAR:EDF	Negative Multiple: -2.5	N/A
DK	O	Oersted A/S SWB:D2G	68	N/A

				EBITDA Growth
NO	E	Elmera Group ASA OSE:ELMRA	Average EV/EBITDA: 12.6 7.8	55%
US		Nextera Energy Inc NYSE:NEE	16	24%
US		Southern Co NYSE:SO	12.9	28%
ES		Iberdrola SA MAD:IBE	7.2	16%
US		Duke Energy Corp NYSE:DUK	12	25%
US		Constellation Energy Corp NASDAQ:CEG	13.9	28%
IT		Enel SpA MIL:ENEL	4	1%
US		PG&E Corp NYSE:PCG	12.2	60%
US		American Electric Power Company Inc NASDAQ:AEP	12.7	38%
FR		Electricite de France SA PAR:EDF	Negative Multiple: -5.4	N/A
DK	O	Oersted A/S SWB:D2G	27.8	153%

				EBIT Growth
NO	E	Elmera Group ASA OSE:ELMRA	Average EV/EBIT: 19.7 11	60%
US		Nextera Energy Inc NYSE:NEE	27	25%
US		Southern Co NYSE:SO	22.5	44%
ES		Iberdrola SA MAD:IBE	10.9	21%
US		Duke Energy Corp NYSE:DUK	22	34%
US		Constellation Energy Corp NASDAQ:CEG	25.3	160%
IT		Enel SpA MIL:ENEL	5.4	1%
US		PG&E Corp NYSE:PCG	21.7	97%
US		American Electric Power Company Inc NASDAQ:AEP	23.1	56%
FR		Electricite de France SA PAR:EDF	Negative Multiple: -3.2	N/A
DK	O	Oersted A/S SWB:D2G	27.8	61%

US		Fubotv Inc NYSE:FUBO	Media
US		Bank of America Corp NYSE:BAC	Banking
US		Palantir Technologies Inc NYSE:PLTR	Technology
US	C	C3.ai Inc NYSE:AI	Technology
US		Uber Technologies Inc NYSE:UBER	Road & Rail
CN		NIO Inc NYSE:NIO	Automobiles
US		Fluor Corp NYSE:FLR	Construction
US		Jacobs Engineering Group Inc NYSE:J	Professional Services
US		TopBuild Corp NYSE:BLD	Consumer products
US		Abbott Laboratories NYSE:ABT	Health Care
US		Chevron Corp NYSE:CVX	Energy
US		Occidental Petroleum Corp NYSE:OXY	Energy
US		Matrix Service Co NASDAQ:MTRX	Construction
US		Automatic Data Processing Inc NASDAQ:ADP	Technology
US		Qualcomm Inc NASDAQ:QCOM	Semiconductors
US		Ambarella Inc NASDAQ:AMBA	Semiconductors

	Fubotv Inc NYSE:FUBO	US
	Bank of America Corp NYSE:BAC	US
	Palantir Technologies Inc NYSE:PLTR	US
C	C3.ai Inc NYSE:AI	US
	Uber Technologies Inc NYSE:UBER	US
	NIO Inc NYSE:NIO	CN
	Fluor Corp NYSE:FLR	US
	Jacobs Engineering Group Inc NYSE:J	US
	TopBuild Corp NYSE:BLD	US
	Abbott Laboratories NYSE:ABT	US
	Chevron Corp NYSE:CVX	US
	Occidental Petroleum Corp NYSE:OXY	US
	Matrix Service Co NASDAQ:MTRX	US
	Automatic Data Processing Inc NASDAQ:ADP	US
	Qualcomm Inc NASDAQ:QCOM	US
	Ambarella Inc NASDAQ:AMBA	US

Elmera Group ASA
OSE:ELMRA

Relative Value

Valuation Multiples

Multiples Across Competitors

ELMRA Competitors Multiples
Elmera Group ASA Competitors

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52 Week Range	23.58 39
Price Target

Elmera Group ASA OSE:ELMRA

Relative Value

Valuation Multiples

Multiples Across Competitors

ELMRA Competitors Multiples Elmera Group ASA Competitors

See Also

Company

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Elmera Group ASA
OSE:ELMRA

ELMRA Competitors Multiples
Elmera Group ASA Competitors