Valuation Overview

Growth Story

Over the next few years, revenue is expected to grow by 13.93%, higher than industry average of 7.74%.

Growth Trajectory

Profitability

In the growth phase company makes 8.98% profit on every dollar of sales, lower than industry average of 21.34%.

Profitability Trajectory

Risk Profile

Investors expect at least 11.77% 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
795.49M USD
Equity Value
967.95M USD
FCF Yield
12.03%
Average ROIC
13.34%
Cost of Capital
10.70%
P/E Ratio
104.50x
Financial MetricMost Recent 12 months (USD)Previous Year (USD)
Revenues628.11M USD511.41M USD
Operating Income or EBIT31.79M USD-30.69M USD
Interest Expense12.54M USD10.75M USD
Book Value Of Equity575.45M USD569.77M USD
Book Value Of Debt163.02M USD143.45M USD
Cash and Marketable Securities335.47M USD285.66M USD
Number of Shares Outstanding190.27M--
Minority interests0 USD0 USD
Current Stock Price15.54 USD--
Effective Tax Rate11.00%--
Marginal Tax Rate22.00%--

Performance vs Industry

Revenue Growth
+15.08%
22.81%Company
vs
7.73%Industry
Above Industry
Operating Margin
-16.28%
5.06%Company
vs
21.34%Industry
Below Industry
Nordic Semiconductor ASA shows above-average growth compared to industry peers, suggesting strong market position and growth opportunities.

Terminal Value Analysis

Growth Rate
4.59%
Cost of Capital
8.83%
Return on Capital
8.83%
Reinvestment Rate
52.09%
Terminal value represents 88% of total enterprise value, based on 4.59% perpetual growth and 8.83% discount rate.

Equity Value Breakdown

ComponentValueType
Present Value (Terminal Value) 703.49M USD Add
Present Value (Cash Flow Over Next 10 Years) 92.00M USD Add
Value of Operating Assets 795.49M USD Sub-total
Debt 163.01M USD Subtract
Minority Interests — Subtract
Cash 335.47M USD Add
Value of Equity 967.95M USD Sub-total
Number of Shares 190.27M shares Divisor
Estimated Value per Share (Fair Value) 5.08 USD Total
Current Market Price 15.53 USD Reference

Financial Projections

Total FCF Present Value
92.00M USD
Avg Revenue Growth
9.91%
Avg Operating Margin
9.85%
Avg ROIC
13.34%
Year 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Terminal Year
REVENUE
Revenue734.76M USD837.12M USD953.75M USD1.08B USD1.23B USD1.38B USD1.52B USD1.65B USD1.76B USD1.84B USD1.92B USD
Growth Rate 16.98% 13.93% 13.93% 13.93% 13.93% 12.06% 10.19% 8.33% 6.46% 4.59% 4.59%
PROFITABILITY
Operating Income37.18M USD64.25M USD85.67M USD111.81M USD143.57M USD160.90M USD177.31M USD192.08M USD204.50M USD213.91M USD223.75M USD
Operating Margin 5.06% 7.67% 8.98% 10.29% 11.59% 11.59% 11.59% 11.59% 11.59% 11.59% 11.59%
EBIT (1-tax)33.09M USD57.18M USD76.25M USD99.51M USD127.78M USD139.66M USD150.00M USD158.27M USD164.01M USD166.85M USD174.52M USD
CASH FLOW
Reinvestment64.11M USD73.04M USD83.22M USD94.81M USD93.55M USD128.36M USD115.57M USD97.15M USD73.58M USD76.97M USD90.92M USD
Free Cash Flow-31.02M USD-15.86M USD-6.98M USD4.69M USD34.22M USD11.29M USD34.43M USD61.12M USD90.42M USD89.88M USD83.60M USD
Terminal Value--------------------1.97B USD
Present Value-27.76M USD-12.70M USD-5.00M USD3.01M USD19.62M USD5.82M USD16.05M USD25.90M USD35.02M USD31.99M USD—
EFFICIENCY
ROIC 8.21% 12.24% 14.11% 15.96% 17.79% 17.20% 15.95% 14.99% 14.22% 13.60% 8.83%
Cost of Capital 11.77% 11.77% 11.77% 11.77% 11.77% 11.18% 10.59% 10.00% 9.41% 8.83% 8.83%
Sales/Capital 1.59x 1.59x 1.59x 1.59x 1.59x 1.10x 1.10x 1.10x 1.10x 1.10x —

Profitability & Efficiency

Operating Margin (%)
ROIC (%)

Value Creation Analysis

ROIC (%)
Cost of Capital (%)

Operational Cash Flow Analysis

Free Cash Flow ($M)
Reinvestment ($M)