Valuation Overview

Growth Story

Over the next few years, revenue is expected to grow by 3.82%, lower than industry average of 7.43%.

Growth Trajectory

Profitability

In the growth phase company makes 73.35% profit on every dollar of sales, higher than industry average of 17.51%.

Profitability Trajectory

Risk Profile

Investors expect at least 7.62% return to justify the risk of holding stock.

Risk vs Return

Required Return (Cost of Capital) (%)
Return on Invested Capital (%)

Financial Health Overview

Enterprise Value
5.31B NOK
Equity Value
818.64M NOK
FCF Yield
153.48%
Average ROIC
4.85%
Cost of Capital
7.78%
P/E Ratio
7.21x
Financial MetricMost Recent 12 months (NOK)Previous Year (NOK)
Revenues592.70M NOK587M NOK
Operating Income or EBIT456.30M NOK591M NOK
Interest Expense262.97M NOK333M NOK
Book Value Of Equity4.11B NOK4.08B NOK
Book Value Of Debt4.62B NOK4.63B NOK
Cash and Marketable Securities125M NOK119M NOK
Number of Shares Outstanding30.96M--
Minority interests0 NOK0 NOK
Current Stock Price84.00 NOK--
Effective Tax Rate21.00%--
Marginal Tax Rate22.00%--

Performance vs Industry

Revenue Growth
-6.46%
0.97%Company
vs
7.42%Industry
Below Industry
Operating Margin
+59.48%
76.98%Company
vs
17.51%Industry
Above Industry
Aurora Eiendom AS demonstrates superior operational efficiency with margins above industry average, indicating effective cost management.

Terminal Value Analysis

Growth Rate
3.84%
Cost of Capital
8.07%
Return on Capital
8.07%
Reinvestment Rate
47.58%
Terminal value represents 53% of total enterprise value, based on 3.84% perpetual growth and 8.07% discount rate.

Equity Value Breakdown

ComponentValueType
Present Value (Terminal Value) 2.83B NOK Add
Present Value (Cash Flow Over Next 10 Years) 2.47B NOK Add
Value of Operating Assets 5.31B NOK Sub-total
Debt 4.61B NOK Subtract
Minority Interests — Subtract
Cash 125.00M NOK Add
Value of Equity 818.64M NOK Sub-total
Number of Shares 30.96M shares Divisor
Estimated Value per Share (Fair Value) 26.44 NOK Total
Current Market Price 84.00 NOK Reference

Financial Projections

Total FCF Present Value
2.47B NOK
Avg Revenue Growth
3.27%
Avg Operating Margin
72.54%
Avg ROIC
4.85%
Year 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Terminal Year
REVENUE
Revenue598.62M NOK621.48M NOK645.20M NOK669.84M NOK695.41M NOK721.99M NOK749.62M NOK778.34M NOK808.20M NOK839.23M NOK871.46M NOK
Growth Rate 1.00% 3.81% 3.81% 3.81% 3.81% 3.82% 3.82% 3.83% 3.83% 3.84% 3.84%
PROFITABILITY
Operating Income460.85M NOK463.39M NOK473.27M NOK483.23M NOK493.26M NOK512.11M NOK531.71M NOK552.08M NOK573.25M NOK595.27M NOK618.13M NOK
Operating Margin 76.98% 74.56% 73.35% 72.14% 70.93% 70.93% 70.93% 70.93% 70.93% 70.93% 70.93%
EBIT (1-tax)364.07M NOK366.08M NOK373.88M NOK381.75M NOK389.67M NOK403.54M NOK417.92M NOK432.83M NOK448.28M NOK464.31M NOK482.14M NOK
CASH FLOW
Reinvestment44.17M NOK45.86M NOK47.61M NOK49.43M NOK51.38M NOK11.98M NOK12.45M NOK12.94M NOK13.45M NOK13.97M NOK229.42M NOK
Free Cash Flow319.89M NOK320.22M NOK326.27M NOK332.32M NOK338.29M NOK391.56M NOK405.47M NOK419.88M NOK434.83M NOK450.33M NOK252.72M NOK
Terminal Value--------------------5.97B NOK
Present Value297.25M NOK276.48M NOK261.76M NOK247.74M NOK234.33M NOK251.82M NOK241.90M NOK232.18M NOK222.67M NOK213.39M NOK—
EFFICIENCY
ROIC 4.23% 4.23% 4.30% 4.36% 4.43% 4.56% 4.72% 4.88% 5.04% 5.22% 8.07%
Cost of Capital 7.61% 7.61% 7.61% 7.61% 7.61% 7.70% 7.79% 7.88% 7.97% 8.07% 8.07%
Sales/Capital 0.51x 0.51x 0.51x 0.51x 0.51x 2.30x 2.30x 2.30x 2.30x 2.30x —

Profitability & Efficiency

Operating Margin (%)
ROIC (%)

Value Creation Analysis

ROIC (%)
Cost of Capital (%)

Operational Cash Flow Analysis

Free Cash Flow (krM)
Reinvestment (krM)