Company Valuation: Ependion AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,244 3,184 3,635 2,821 3,633 4,577 - -
Change - 41.88% 14.18% -22.4% 28.8% 25.99% - -
Enterprise Value (EV) 1 2,875 3,918 4,348 3,503 4,325 5,172 5,126 4,897
Change - 36.26% 10.99% -19.44% 23.48% 19.57% -0.89% -4.47%
P/E 62.9x 21.8x 18.1x 17.8x 24x 23.9x 17.1x 15.2x
PBR 3.08x 3.22x 3.14x 2.12x 2.23x 2.57x 2.33x 2.09x
PEG - 0x 0.5x -0.8x -1.7x 0.9x 0.4x 1.2x
Capitalization / Revenue 1.39x 1.5x 1.47x 1.25x 1.63x 1.83x 1.63x 1.5x
EV / Revenue 1.78x 1.84x 1.76x 1.55x 1.94x 2.06x 1.83x 1.6x
EV / EBITDA 13.2x 11x 9.17x 8.19x 10x 9.84x 8.44x 7.18x
EV / EBIT 42.1x 19.5x 13.5x 14x 18.6x 17.4x 13.4x 11x
EV / FCF -30.8x 51.3x 42.5x 14.9x 22.2x 30.9x 19.6x 17.1x
FCF Yield -3.25% 1.95% 2.36% 6.72% 4.5% 3.24% 5.1% 5.86%
Dividend per Share 2 0.5 0.5 1 1.25 1.5 2 2.5 2.945
Rate of return 0.64% 0.45% 0.8% 1.29% 1.33% 1.4% 1.76% 2.07%
EPS 2 1.24 5.07 6.93 5.45 4.7 5.965 8.323 9.385
Distribution rate 40.3% 9.86% 14.4% 22.9% 31.9% 33.5% 30% 31.4%
Net sales 1 1,619 2,128 2,471 2,258 2,232 2,504 2,801 3,058
EBITDA 1 218 354.8 474 427.5 432.5 525.7 607.7 681.7
EBIT 1 68.27 201.1 321.7 250.9 232.1 298 382 445
Net income 1 35.76 146.1 200.4 157 146.7 193 269 321.7
Net Debt 1 631.2 734 713 682 692 594.3 548.5 319.5
Reference price 2 78.00 110.40 125.60 97.10 113.00 142.40 142.40 142.40
Nbr of stocks (in thousands) 28,768 28,837 28,941 29,050 32,152 32,145 - -
Announcement Date 27/01/22 25/01/23 25/01/24 31/01/25 26/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.87x2.06x9.84x1.4% 474M
-54.27x48.54x-749.08x - 43.5B
15.08x0.93x9.93x1.9% 17.14B
38.51x1x23.63x0.27% 14.02B
-1.97x3.61x24.76x-.--% 8.42B
35.02x4.22x24.37x1.95% 3.03B
18.76x0.87x6.48x - 2.91B
Average 10.71x 8.75x -92.87x 1.11% 12.79B
Weighted average by Cap. -15.72x 24.44x -355.03x 1%

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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