Company Valuation: CellaVision AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,757 5,462 5,057 5,188 3,749 4,203 - -
Change - -29.58% -7.42% 2.59% -27.72% 12.09% - -
Enterprise Value (EV) 1 7,763 5,456 5,000 5,065 3,587 4,015 3,979 3,919
Change - -29.71% -8.37% 1.31% -29.18% 11.93% -0.9% -1.51%
P/E 61.9x 46.2x 38.8x 36.9x 24.5x 29.9x 23.7x 20.9x
PBR 14.3x 8.51x 7.06x 6.36x 4.22x 4.34x 3.92x 3.52x
PEG - -8.36x 3.8x 4.58x 2.78x -3.68x 0.9x 1.6x
Capitalization / Revenue 13.7x 8.54x 7.47x 7.17x 4.94x 5.41x 4.8x 4.43x
EV / Revenue 13.7x 8.53x 7.38x 7x 4.73x 5.17x 4.54x 4.13x
EV / EBITDA 39.6x 27.5x 24.2x 23.2x 14.9x 17.5x 14.1x 12.5x
EV / EBIT 47.7x 34.5x 29.9x 28.5x 17.8x 22.4x 17.6x 15.2x
EV / FCF 68x 81.1x 45.1x 41.4x 31.4x 37.1x 34.8x 27.3x
FCF Yield 1.47% 1.23% 2.22% 2.42% 3.19% 2.69% 2.87% 3.66%
Dividend per Share 2 2 2 2.25 2.5 2.75 2.75 3.133 3.4
Rate of return 0.62% 0.87% 1.06% 1.15% 1.75% 1.56% 1.78% 1.93%
EPS 2 5.25 4.96 5.46 5.9 6.42 5.898 7.436 8.414
Distribution rate 38.1% 40.3% 41.2% 42.4% 42.8% 46.6% 42.1% 40.4%
Net sales 1 565.6 639.3 677.3 723.2 759 777.1 876 948.1
EBITDA 1 196.2 198.4 206.8 218.7 241.4 229.7 281.3 313.2
EBIT 1 162.7 158.3 167.1 177.7 202.1 179.5 226.5 257
Net income 1 125.3 118.3 130.3 140.7 153.1 140.7 179.4 203.4
Net Debt 1 6.368 -5.558 -56.94 -122.6 -162.6 -187.8 -223.9 -284.1
Reference price 2 325.20 229.00 212.00 217.50 157.20 176.20 176.20 176.20
Nbr of stocks (in thousands) 23,852 23,852 23,852 23,852 23,852 23,852 - -
Announcement Date 04/02/22 08/02/23 07/02/24 06/02/25 05/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
29.87x5.17x17.48x1.56% 420M
33.77x5.9x22.6x0.27% 251B
38.31x6.82x21.62x0.62% 159B
44.67x11.83x26.11x-.--% 146B
16.59x3.4x11.08x-.--% 63.59B
34.8x6.97x22.06x-.--% 50.77B
34.09x6.74x22.89x0.59% 49.35B
18.96x2.31x11.71x2.65% 48.75B
42.65x10.31x22.72x-.--% 45.1B
77.6x7.38x22.48x-.--% 43.55B
Average 37.13x 6.68x 20.07x 0.57% 85.74B
Weighted average by Cap. 37.12x 7.10x 21.52x 0.38%

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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