Company Valuation: Alfa Laval AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 151,398 124,453 166,736 191,205 192,486 229,479 - -
Change - -17.8% 33.98% 14.68% 0.67% 19.22% - -
Enterprise Value (EV) 1 156,286 136,401 176,347 195,915 205,665 239,764 235,831 230,811
Change - -12.72% 29.29% 11.1% 4.98% 16.58% -1.64% -2.13%
P/E 32x 27.6x 26.3x 25.9x 23.3x 25.8x 22.3x 20.4x
PBR 4.75x 3.52x 4.5x 4.56x 4.43x 4.68x 4.15x 3.7x
PEG - -6.41x 0.6x 1.5x 2x 3.51x 1.4x 2.15x
Capitalization / Revenue 3.7x 2.39x 2.62x 2.86x 2.76x 3.11x 2.8x 2.61x
EV / Revenue 3.82x 2.62x 2.77x 2.93x 2.95x 3.25x 2.88x 2.62x
EV / EBITDA 18.8x 14.1x 15x 15.2x 14.4x 15.9x 13.9x 12.5x
EV / EBIT 25.5x 20.9x 17.3x 17.7x 16.7x 18.4x 15.8x 14.4x
EV / FCF 38.7x 94.9x 26.2x 22.2x 31.6x 34.6x 27.6x 23.5x
FCF Yield 2.58% 1.05% 3.82% 4.5% 3.16% 2.89% 3.62% 4.25%
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% 1.75% 1.94% 2.1%
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 2 364.40 301.10 403.40 462.60 465.70 555.20 555.20 555.20
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.85x3.25x15.88x1.75% 24.03B
30.87x5.3x19.33x0.85% 122B
26.05x4.77x16.7x2.31% 34.55B
20.94x1.79x12.89x2.24% 30.44B
29.76x3.98x15.02x0.11% 29.26B
19.94x3.34x10.66x1.6% 27.08B
21.1x3.06x13.21x1.11% 25.73B
23.51x2.87x12.39x1.6% 25.19B
93.78x35.34x77.07x0.4% 24.38B
Average 32.42x 7.08x 21.46x 1.33% 38.03B
Weighted average by Cap. 31.39x 6.32x 20.34x 1.22%

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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