Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 317,040 - -
Change - -38.58% 3.04% 42.39% 0.82% 4.99% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 267,874 258,768 251,463
Change - -36.08% 11.82% 32.33% -1.1% -3.65% -3.4% -2.82%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 17.9x 15.1x 14.1x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 2.88x 2.68x 2.48x
PEG - -0.6x 0x -90x 0x -0.5x 0.8x 2.08x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.4x 1.38x 1.35x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.18x 1.12x 1.07x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.12x 6.86x 6.39x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 9.05x 8.64x 7.99x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 11.7x 9.92x 9.48x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.53% 10.1% 10.5%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.057 3.171 3.314
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 3.17% 3.28% 3.43%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.379 6.402 6.836
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 56.8% 49.5% 48.5%
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 37,717 39,358
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 20,509 21,289
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -49,167 -58,273 -65,577
Reference price 2 99.79 60.90 63.11 89.88 90.60 96.52 96.52 96.52
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.17x6.08x15.76x1.53% 439B
53.87x19.24x38.61x-.--% 259B
21.02x0.85x15.38x2.16% 188B
30.44x9.71x23.44x0.4% 165B
45.02x13.28x29.83x-.--% 85.62B
33.38x6.46x19.03x1.01% 76.35B
44.49x2.44x15.76x1.58% 61.64B
27.99x6.32x21.1x1.47% 54.06B
63.1x8.16x36.1x-.--% 51.9B
Average 38.50x 8.06x 23.89x 0.91% 153.55B
Weighted average by Cap. 35.33x 8.66x 22.94x 1.01%

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

-40%: Exceptional extension
d
:
:
SEIZE THE OFFER!