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Norva24 Group AB (publ)
STO:NORVA

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Norva24 Group AB (publ)
STO:NORVA
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Price: 36 SEK 0.42% Market Closed
Market Cap: kr6.6B

EV/EBITDA

11.5
Current
7%
More Expensive
vs 3-y average of 10.7

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
11.5
=
Enterprise Value
kr7.7B
/
EBITDA
kr712.5m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
11.5
=
Enterprise Value
kr7.7B
/
EBITDA
kr712.5m

Valuation Scenarios

Norva24 Group AB (publ) is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (10.7), the stock would be worth kr33.62 (7% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-25%
Maximum Upside
+29%
Average Downside
1%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 11.5 kr36
0%
3-Year Average 10.7 kr33.62
-7%
5-Year Average 11.5 kr35.93
0%
Industry Average 8.7 kr27.17
-25%
Country Average 14.9 kr46.52
+29%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
kr7.7B
/
Jan 2025
kr712.5m
=
11.5
Current
kr7.7B
/
Dec 2025
kr860.6m
=
9
Forward
kr7.7B
/
Dec 2026
kr928.6m
=
8.3
Forward
kr7.7B
/
Dec 2027
kr995m
=
7.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
SE
Norva24 Group AB (publ)
STO:NORVA
6.5B SEK 11.5 39.1
US
Waste Management Inc
NYSE:WM
92.5B USD 15.3 34.2
US
Republic Services Inc
NYSE:RSG
64.6B USD 15.1 30.2
CA
Waste Connections Inc
TSX:WCN
58.8B CAD 15.3 36.9
US
Rollins Inc
NYSE:ROL
27.2B USD 32.4 51.7
US
Veralto Corp
NYSE:VLTO
22B USD 16 23.4
UK
Rentokil Initial PLC
LSE:RTO
12.6B GBP 12.7 26.8
US
Clean Harbors Inc
NYSE:CLH
16.3B USD 15.8 41.1
CA
GFL Environmental Inc
TSX:GFL
19.8B CAD 15.7 5.1
CN
Spic Yuanda Environmental Protection Co Ltd
SSE:600292
69.3B CNY 975.4 19 123.8
US
Tetra Tech Inc
NASDAQ:TTEK
8.1B USD 12.9 23.2

Market Distribution

In line with most companies in Sweden
Percentile
38th
Based on 1 230 companies
38th percentile
11.5
Low
0.2 — 9.4
Typical Range
9.4 — 19.4
High
19.4 —
Distribution Statistics
Sweden
Min 0.2
30th Percentile 9.4
Median 14.9
70th Percentile 19.4
Max 4 325.3

Norva24 Group AB (publ)
Glance View

Norva24 Group AB engages in underground infrastructure maintenance (UIM). The company is headquartered in Stockholm, Stockholm. The company went IPO on 2021-12-09. The firm's service offering includes mission-critical and non-discretionary maintenance services for underground infrastructure, such as pressure washing, emptying services and pipe services. Norva24 Group has experience emptying septic tanks, grease separators and sand traps. The company also offers a range of services in pressure washing, such as tank cleaning and high and ultra-high pressure washing. The Company’s pipe services include pipe inspections, relining, pressure testing, leak detection, tightness checks and pipe cleaning. Norva24 Group has operations in Sweden, Denmark, Germany and Norway and operates more than 60 branches in these countries.

NORVA Intrinsic Value
31.39 SEK
Overvaluation 13%
Intrinsic Value
Price kr36
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