Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 332,617 - -
Change - -38.58% 3.04% 42.39% 0.82% 10.15% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 283,450 274,323 267,322
Change - -36.08% 11.82% 32.33% -1.1% 1.95% -3.22% -2.55%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 18.8x 15.8x 14.7x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.02x 2.83x 2.63x
PEG - -0.6x 0x -90x 0x -0.5x 0.8x 2.01x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.47x 1.44x 1.41x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.25x 1.19x 1.14x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.53x 7.21x 6.72x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 9.58x 9.15x 8.49x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 12.4x 10.5x 10.1x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.07% 9.51% 9.92%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.063 3.176 3.32
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 3.02% 3.14% 3.28%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.379 6.413 6.882
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 56.9% 49.5% 48.2%
Net sales 1 232,314 271,546 263,351 247,880 236,681 226,153 230,405 235,282
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,622 38,042 39,778
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,592 29,966 31,473
Net income 1 23,000 18,724 -26,446 20 28,428 17,767 20,548 21,447
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -49,167 -58,294 -65,294
Reference price 2 99.79 60.90 63.11 89.88 90.60 101.25 101.25 101.25
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,283,682 - -
Announcement Date 25/01/22 20/01/23 23/01/24 24/01/25 23/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.46x5.88x15.24x1.58% 425B
52.09x18.45x37.03x-.--% 249B
20.6x0.83x15.07x2.2% 184B
29.37x9.33x22.52x0.42% 159B
33.32x6.45x19x1.01% 76.21B
43.37x12.78x28.71x-.--% 82.47B
42.24x2.23x14.52x1.71% 57.08B
27.65x6.24x20.83x1.49% 53.41B
58.72x7.6x33.63x-.--% 48.29B
Average 37.09x 7.75x 22.95x 0.93% 148.29B
Weighted average by Cap. 34.11x 8.32x 22.06x 1.05%

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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