Company Valuation: Bahnhof AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 3,985 4,179 4,018 4,028 5,626 5,862
Change - 4.86% -3.86% 0.27% 39.65% 4.21%
Enterprise Value (EV) 1 3,652 3,814 3,541 3,377 5,091 5,412
Change - 4.43% -7.16% -4.62% 50.73% 6.31%
P/E 29.3x 27.8x 22.4x 18.7x 25.5x 32.1x
PBR 10.5x 8.92x 7.42x 7.1x 9.83x 10.9x
PEG - 2.7x 1.1x 1x 10.18x -1.9x
Capitalization / Revenue 2.71x 2.6x 2.32x 2.15x 2.79x 2.65x
EV / Revenue 2.48x 2.38x 2.05x 1.81x 2.52x 2.44x
EV / EBITDA 15.8x 16x 12.6x 10.6x 16.1x 18.9x
EV / EBIT 20.3x 19.8x 15.1x 12.5x 18.8x 22.2x
EV / FCF 28.1x 26.7x 18.2x 10.3x 74.4x 30.5x
FCF Yield 3.56% 3.75% 5.49% 9.74% 1.34% 3.28%
Dividend per Share 2 0.75 1 1.25 2 2 2
Rate of return 2.02% 2.57% 3.35% 5.34% 3.82% 3.67%
EPS 2 1.266 1.397 1.67 1.997 2.047 1.7
Distribution rate 59.2% 71.6% 74.9% 100% 97.7% 118%
Net sales 1 1,472 1,604 1,730 1,870 2,018 2,214
EBITDA 1 230.5 239 281.8 317.4 315.6 286.7
EBIT 1 180.1 192.7 234.3 269.9 270.7 243.4
Net income 1 136.2 150.3 179.6 214.9 220.2 183.1
Net Debt 1 -333 -364.7 -476.6 -650.9 -534.7 -450.3
Reference price 2 37.05 38.85 37.35 37.45 52.30 54.50
Nbr of stocks (in thousands) 107,565 107,565 107,565 107,565 107,565 107,565
Announcement Date 19/04/21 19/04/22 17/04/23 23/04/24 22/04/25 21/04/26
1SEK in Million2SEK
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 678M
11.44x1.35x4.34x6.76% 230B
10.36x2.5x6.61x6% 196B
14.01x2.18x5.65x3.88% 161B
12.66x1.83x7.95x3.4% 81.84B
11.6x0.87x3.24x6.77% 79.05B
11.76x1.89x4.78x2.7% 71.51B
15.33x2.72x8.54x5.09% 57.68B
23.14x5.21x18.5x4.65% 54.9B
13.23x1.78x5.46x4.79% 50.56B
Average 13.73x 2.26x 7.23x 4.89% 98.24B
Weighted average by Cap. 12.76x 2.08x 6.35x 5.24%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA