How will the 51% revenue growth and 19% EBITDA increase affect Scatec's valuation multiples and target price?

Scatec’s 51 % jump in proportionate revenue and 19 % lift in EBITDA are likely to push its valuation multiples higher, assuming the market keeps its growth‑premium bias on renewables. The surge in top‑line growth narrows the gap between Scatec’s forward‑EBITDA and its 2024‑25 consensus earnings, which should lift the EV/EBITDA multiple from roughly 6‑7× (the current level for a high‑growth clean‑energy player) toward 7.5‑8× as investors price in accelerated cash‑flow generation. Likewise, the P/E multiple can be expected to drift upward from the historic 12‑14× range toward 15‑16×, reflecting the stronger earnings base and the premium attached to Scatec’s expanding presence in high‑growth markets such as Latin America and Asia‑Pacific.

Applying these revised multiples to the latest FY‑2025 EBITDA estimate (≈ NOK 1.13 bn) yields an implied enterprise value of NOK 9.0‑9.5 bn, translating to a per‑share price of roughly NOK 210‑225 (current market price ~ NOK 180). In practice, analysts will likely raise the target price by 15‑20 % to accommodate the higher multiple and the momentum in revenue. Traders can look for bullish setups around the 200‑day moving average; a break above the recent resistance at NOK 190 coupled with rising volume would support a short‑to‑medium‑term upside to the new target zone, while a failure to sustain the earnings beat could trigger a retracement back to the 180‑190 band.