Company Valuation: Essity AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 207,509 191,871 175,494 205,499 181,162 176,516 - -
Change - -7.54% -8.54% 17.1% -11.84% -2.56% - -
Enterprise Value (EV) 1 262,942 254,740 229,197 236,268 207,705 205,495 202,461 198,630
Change - -3.12% -10.03% 3.09% -12.09% -1.06% -1.48% -1.89%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 15.2x 13.3x 12.2x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 1.92x 1.79x 1.66x
PEG - -1x 0.3x 0x -0.4x -2.31x 0.9x 1.44x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.25x 1.2x 1.18x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.46x 1.38x 1.32x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.24x 7.63x 7.11x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 11.9x 10.7x 9.84x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 19.3x 16.8x 15.1x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 5.19% 5.95% 6.62%
Dividend per Share 2 7 7.25 7.75 8.25 8.75 9.171 9.733 10.27
Rate of return 2.37% 2.65% 3.1% 2.79% 3.3% 3.52% 3.74% 3.94%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.16 19.64 21.31
Distribution rate 57% 91.4% 57% 27.7% 47.6% 53.4% 49.6% 48.2%
Net sales 1 121,867 156,173 147,147 145,546 138,494 141,147 146,742 150,017
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,932 26,535 27,941
EBIT 1 12,828 11,942 17,789 19,234 18,531 17,219 18,979 20,181
Net income 1 8,620 5,567 9,554 20,888 12,656 11,636 13,181 14,249
Net Debt 1 55,433 62,869 53,703 30,769 26,543 28,980 25,945 22,114
Reference price 2 295.40 273.30 250.00 295.70 265.20 260.40 260.40 260.40
Nbr of stocks (in thousands) 702,342 702,342 702,342 694,998 683,049 677,842 - -
Announcement Date 26/01/22 26/01/23 25/01/24 23/01/25 22/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.65x4.13x15.12x2.98% 342B
18.4x2.73x12.04x3.51% 134B
23.37x3.52x14.77x2.47% 68.5B
40.59x6.52x28.27x2.31% 47.83B
33.33x2.62x14.55x1.62% 35.76B
18.61x2.63x10.97x4.78% 33.94B
22.5x1.64x10.48x2.25% 19.87B
20.02x1.28x8.36x1.31% 18.86B
15.26x1.47x8.29x3.49% 17.97B
Average 23.75x 2.95x 13.65x 2.75% 79.84B
Weighted average by Cap. 22.73x 3.61x 14.69x 2.95%

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