XOSLVAR
Market cap7.32bUSD
Dec 20, Last price
34.01NOK
1D
0.32%
1Q
3.31%
IPO
24.12%
Name
Var Energi ASA
Chart & Performance
P/E
12.00
P/S
1.07
EPS
0.24
Div Yield, %
1.31%
Shrs. gr., 5y
—
Rev. gr., 5y
%
Revenues
6.82b
-30.31%
Net income
610m
-34.83%
CFO
3.42b
-39.80%
Dividend
Jul 29, 20241.184 NOK/sh
Earnings
May 07, 2025
Profile
Var Energi AS, an independent upstream oil and gas company, explores for, develops, and produces hydrocarbons. The company operates four fields on the Norwegian continental shelf, including the Goliat, Marulk, Balder, and Ringhorne and Ringhorne East fields located in the Barents, the Norwegian, and the North Sea, as well as holds ownership interests in 32 producing partner-operated fields on the Norwegian continental shelf. It has reserves of 1,147 million barrels of oil equivalent on the Norwegian continental shelf. The company was formerly known as Eni Norge AS and changed its name to Var Energi AS in December 2018. The company was founded in 1965 and is based in Sandnes, Norway. Var Energi AS is a subsidiary of Eni International B.V.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | |
| Income | ||||||
Revenues | 6,815,965 -30.31% | 9,780,543 61.84% | 6,043,375 110.67% | |||
Cost of revenue | 1,072,817 | 2,648,972 | 2,904,264 | |||
Unusual Expense (Income) | ||||||
NOPBT | 5,743,148 | 7,131,571 | 3,139,111 | |||
NOPBT Margin | 84.26% | 72.92% | 51.94% | |||
Operating Taxes | 2,746,704 | 4,919,489 | 1,992,331 | |||
Tax Rate | 47.83% | 68.98% | 63.47% | |||
NOPAT | 2,996,444 | 2,212,082 | 1,146,780 | |||
Net income | 610,229 -34.83% | 936,402 43.10% | 654,356 -140.23% | |||
Dividends | (1,110,000) | (775,000) | (950,000) | |||
Dividend yield | 1.38% | 0.92% | ||||
Proceeds from repurchase of equity | ||||||
BB yield | ||||||
| Debt | ||||||
Debt current | 99,265 | 599,312 | 108,880 | |||
Long-term debt | 3,281,173 | 2,778,569 | 5,034,722 | |||
Deferred revenue | 9,259 | 10,852 | ||||
Other long-term liabilities | 12,232,833 | 3,303,410 | 3,387,657 | |||
Net debt | 2,644,785 | 2,943,188 | 4,929,469 | |||
| Cash flow | ||||||
Cash from operating activities | 3,420,273 | 5,681,877 | 4,579,902 | |||
CAPEX | (2,641,033) | (2,593,147) | (2,584,911) | |||
Cash from investing activities | (2,668,118) | (2,663,165) | (2,633,140) | |||
Cash from financing activities | (459,302) | (2,903,227) | (1,976,218) | |||
FCF | 1,658,678 | 3,286,407 | 1,589,844 | |||
| Balance | ||||||
Cash | 734,914 | 434,693 | 214,133 | |||
Long term investments | 739 | |||||
Excess cash | 394,855 | |||||
Stockholders' equity | 45,972 | 45,972 | 45,972 | |||
Invested Capital | 17,218,399 | 6,181,253 | 8,931,420 | |||
ROIC | 25.61% | 29.27% | 10.98% | |||
ROCE | 33.27% | 49.84% | 18.59% | |||
| EV | ||||||
Common stock shares outstanding | 2,496,406 | 2,496,406 | 2,496,406 | |||
Price | 32.16 -4.29% | 33.60 | ||||
Market cap | 80,284,417 -4.29% | 83,879,242 | ||||
EV | 82,929,202 | 86,822,430 | ||||
EBITDA | 7,165,746 | 8,579,537 | 4,843,672 | |||
EV/EBITDA | 11.57 | 10.12 | ||||
Interest | 7,030 | 8,120 | 102,247 | |||
Interest/NOPBT | 0.12% | 0.11% | 3.26% | |||