Company Valuation: Alfa Laval AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 151,398 124,453 166,736 191,205 192,486 238,572 - -
Change - -17.8% 33.98% 14.68% 0.67% 23.94% - -
Enterprise Value (EV) 1 156,286 136,401 176,347 195,915 205,665 248,857 244,924 239,904
Change - -12.72% 29.29% 11.1% 4.98% 21% -1.58% -2.05%
P/E 32x 27.6x 26.3x 25.9x 23.3x 26.9x 23.2x 21.2x
PBR 4.75x 3.52x 4.5x 4.56x 4.43x 4.87x 4.31x 3.84x
PEG - -6.41x 0.6x 1.5x 2x 3.66x 1.5x 2.23x
Capitalization / Revenue 3.7x 2.39x 2.62x 2.86x 2.76x 3.23x 2.91x 2.71x
EV / Revenue 3.82x 2.62x 2.77x 2.93x 2.95x 3.37x 2.99x 2.73x
EV / EBITDA 18.8x 14.1x 15x 15.2x 14.4x 16.5x 14.4x 13x
EV / EBIT 25.5x 20.9x 17.3x 17.7x 16.7x 19.1x 16.4x 14.9x
EV / FCF 38.7x 94.9x 26.2x 22.2x 31.6x 35.9x 28.7x 24.4x
FCF Yield 2.58% 1.05% 3.82% 4.5% 3.16% 2.79% 3.48% 4.09%
Dividend per Share 2 6 6 7.5 8.5 9 9.702 10.75 11.67
Rate of return 1.65% 1.99% 1.86% 1.84% 1.93% 1.68% 1.86% 2.02%
EPS 2 11.38 10.89 15.31 17.88 20.01 21.48 24.87 27.23
Distribution rate 52.7% 55.1% 49% 47.5% 45% 45.2% 43.2% 42.8%
Net sales 1 40,911 52,135 63,598 66,954 69,674 73,756 81,853 88,001
EBITDA 1 8,305 9,678 11,780 12,853 14,252 15,098 16,981 18,392
EBIT 1 6,126 6,519 10,221 11,089 12,334 13,055 14,897 16,056
Net income 1 4,759 4,503 6,330 7,391 8,272 8,835 10,175 11,118
Net Debt 1 4,888 11,948 9,611 4,710 13,179 10,285 6,352 1,332
Reference price 2 364.40 301.10 403.40 462.60 465.70 577.20 577.20 577.20
Nbr of stocks (in thousands) 415,473 413,326 413,326 413,326 413,326 413,326 - -
Announcement Date 02/02/22 02/02/23 06/02/24 05/02/25 02/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.87x3.37x16.48x1.68% 25.02B
33.27x5.69x20.75x0.76% 131B
27.39x5.05x17.6x2.2% 35.27B
22.02x1.89x13.51x2.12% 32.03B
31.56x4.19x15.84x0.11% 31.03B
21.58x3.64x11.5x1.5% 28.21B
22.6x3.28x14.12x1.04% 27.56B
24.71x3.01x12.97x1.53% 26.48B
94.89x35.85x78.19x0.4% 24.72B
Average 33.88x 7.33x 22.33x 1.26% 40.15B
Weighted average by Cap. 32.97x 6.53x 21.22x 1.14%

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

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