Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 365,389 - -
Change - -38.58% 3.04% 42.39% 0.82% 21% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 315,010 306,419 297,305
Change - -36.08% 11.82% 32.33% -1.1% 13.3% -2.73% -2.97%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 20.1x 16.9x 15.9x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.3x 3.08x 2.86x
PEG - -0.6x 0x -90x 0x -0.6x 0.9x 2.66x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.61x 1.59x 1.56x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.39x 1.33x 1.27x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 8.48x 8.01x 7.46x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 10.6x 9.72x 9.26x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 13.4x 12.5x 11.7x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 7.48% 8.01% 8.55%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.103 3.271 3.458
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.82% 2.97% 3.15%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.481 6.52 6.911
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 56.6% 50.2% 50%
Net sales 1 232,314 271,546 263,351 247,880 236,681 226,657 230,237 234,928
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,167 38,273 39,871
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,582 31,530 32,120
Net income 1 23,000 18,724 -26,446 20 28,428 18,591 21,374 22,088
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -50,379 -58,969 -68,084
Reference price 2 99.79 60.90 63.11 89.88 90.60 109.95 109.95 109.95
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,323,585 - -
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.($)
36.91x7.69x19.85x1.39% 471B
25.59x1.03x18.49x1.82% 229B
50.81x15.85x39.89x0.21% 226B
50.38x17.12x35.85x-.--% 214B
47.16x3.02x19.66x1.27% 75.86B
172.09x22.15x65.04x-.--% 66.13B
29.79x5.68x16.62x1.2% 65.6B
82.43x9.58x44.24x-.--% 60.62B
24.7x5.33x18.43x1.76% 45.17B
Average 57.76x 9.72x 30.90x 0.85% 161.44B
Weighted average by Cap. 47.15x 9.62x 27.97x 0.95%

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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