Company Valuation: HMS Networks AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,037 15,840 23,207 21,766 21,027 24,224 - -
Change - -39.16% 46.51% -6.21% -3.39% 15.2% - -
Enterprise Value (EV) 1 26,384 16,140 23,496 25,059 23,381 26,138 25,593 24,968
Change - -38.83% 45.58% 6.65% -6.7% 11.79% -2.09% -2.44%
P/E 73.7x 31.2x 40.8x 68.4x 48.4x 35.3x 28.7x 25.6x
PBR 129x 10.4x 13.2x 7.81x 6.13x 6.05x 5.29x 4.65x
PEG - 0.7x 3.4x -1.4x 1.3x 0.6x 1.2x 2.1x
Capitalization / Revenue 13.2x 6.32x 7.67x 7.12x 5.88x 5.97x 5.34x 4.97x
EV / Revenue 13.4x 6.44x 7.77x 8.19x 6.54x 6.44x 5.64x 5.12x
EV / EBITDA 48.1x 21.2x 26.8x 31.5x 22x 21x 18.3x 16.5x
EV / EBIT 59.2x 24.7x 31.2x 49.8x 30.7x 26.7x 22.6x 20x
EV / FCF 64.7x 248x 52.8x 53.2x 31.4x 35.6x 29.9x 25.4x
FCF Yield 1.55% 0.4% 1.89% 1.88% 3.18% 2.81% 3.35% 3.93%
Dividend per Share 2 3 4 4.4 4.4 4.8 5.418 6.344 7.525
Rate of return 0.54% 1.18% 0.88% 1.01% 1.15% 1.12% 1.31% 1.56%
EPS 2 7.57 10.89 12.19 6.34 8.66 13.65 16.84 18.86
Distribution rate 39.6% 36.7% 36.1% 69.4% 55.4% 39.7% 37.7% 39.9%
Net sales 1 1,972 2,506 3,025 3,059 3,577 4,057 4,534 4,876
EBITDA 1 548 760 877 796 1,064 1,247 1,402 1,517
EBIT 1 446 653 753 503 762 979.5 1,132 1,247
Net income 1 355 508 571 310 435 686.9 846.8 949.2
Net Debt 1 347 300 289 3,293 2,354 1,914 1,369 744.1
Reference price 2 558.00 339.60 497.40 433.80 419.00 482.60 482.60 482.60
Nbr of stocks (in thousands) 46,661 46,643 46,656 50,175 50,184 50,194 - -
Announcement Date 26/01/22 26/01/23 26/01/24 28/01/25 27/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.9x6.37x20.72x1.14% 2.46B
35.24x7.38x19.05x1.45% 452B
50.63x17.2x35.9x-.--% 215B
38.06x12.2x30.32x0.27% 186B
20.06x0.83x14.56x2.23% 180B
31.95x6.08x17.78x1.12% 70.35B
144.14x18.56x54.42x-.--% 55.39B
72.48x8.44x38.98x-.--% 53.4B
38.85x1.99x12.94x1.9% 50.5B
18.22x2.95x12.68x3.87% 50.06B
Average 48.45x 8.20x 25.73x 1.2% 131.52B
Weighted average by Cap. 41.48x 8.83x 24.54x 1.12%

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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