D7G Intrinsic Valuation and Fundamental Analysis - Nel ASA

N	Nel ASA SWB:D7G	NO
	Icts International NV OTC:ICTSF	NL
F	FuelPositive Corp XTSX:NHHH	CA
	Henan Lingrui Pharmaceutical Co Ltd SSE:600285	CN
A	Adtran Networks SE XMUN:ADV	DE

Intrinsic Value

The intrinsic value for Nel ASA (D7G) under the Base Case is hidden EUR. Compared with the current market price of 0.2005 EUR, the stock appears hidden .

Intrinsic value calculated as an equal blend of DCF

Locked

and Multiples

Locked

Other reference points

Wall St target

€0.2179

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D7G Intrinsic Value

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Current Price €0.2

Intrinsic Value Locked

Margin of Safety 20% Locked

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