Company Valuation: Afry AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,869 19,355 15,821 17,407 16,988 12,163 - -
Change - -32.96% -18.26% 10.02% -2.41% -28.4% - -
Enterprise Value (EV) 1 32,434 19,355 22,663 23,542 22,309 17,134 16,545 15,954
Change - -40.33% 17.09% 3.88% -5.24% -23.2% -3.44% -3.57%
P/E 25.6x 19.9x 14.4x 14.2x 21.2x 11x 8.36x 7.57x
PBR 2.63x - 1.27x 1.33x 1.34x 0.92x 0.87x 0.82x
PEG - -1.4x 1.1x 1.2x -0.6x 0.3x 0.3x 0.7x
Capitalization / Revenue 1.44x 0.82x 0.59x 0.64x 0.66x 0.48x 0.46x 0.44x
EV / Revenue 1.61x 0.82x 0.84x 0.87x 0.87x 0.67x 0.62x 0.57x
EV / EBITDA 13.7x 7.96x 8.34x 8.28x 10.1x 6.72x 5.64x 5.13x
EV / EBIT 21.3x 13.4x 12.7x 12.1x 16.1x 10x 7.83x 6.96x
EV / FCF 22.4x - 13.8x 12.5x 10.5x 12.4x 9.59x 8.49x
FCF Yield 4.46% - 7.27% 8.02% 9.56% 8.07% 10.4% 11.8%
Dividend per Share 2 5.5 - 5.5 6 6 6.812 7.912 8.698
Rate of return 2.16% - 3.94% 3.9% 4% 6.34% 7.37% 8.1%
EPS 2 9.973 8.603 9.71 10.85 7.07 9.808 12.84 14.19
Distribution rate 55.1% - 56.6% 55.3% 84.9% 69.5% 61.6% 61.3%
Net sales 1 20,104 23,552 26,978 27,160 25,758 25,387 26,626 27,877
EBITDA 1 2,359 2,430 2,718 2,842 2,219 2,549 2,932 3,108
EBIT 1 1,523 1,444 1,779 1,941 1,387 1,709 2,113 2,292
Net income 1 1,129 974 1,100 1,229 800 1,110 1,455 1,606
Net Debt 1 3,565 - 6,842 6,135 5,321 4,971 4,381 3,791
Reference price 2 255.00 170.90 139.70 153.70 150.00 107.40 107.40 107.40
Nbr of stocks (in thousands) 113,212 113,252 113,252 113,252 113,252 113,252 - -
Announcement Date 04/02/22 10/02/23 02/02/24 07/02/25 05/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.95x0.67x6.72x6.34% 1.26B
37.59x6.74x24.34x0.95% 73.52B
38.4x4.5x14.68x1.19% 20.27B
29.21x1.2x12.18x1.12% 14.94B
19.22x2.07x10.22x3.64% 13.89B
25.11x2.82x12.12x2.98% 11.93B
25.49x3.51x13.52x2.29% 7.86B
14.83x0.65x9.29x1.42% 6.74B
18.44x0.4x9.14x3.94% 5.34B
Average 24.36x 2.51x 12.47x 2.65% 17.3B
Weighted average by Cap. 31.83x 4.51x 17.86x 1.63%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield