Company Valuation: Micro Systemation AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 709.2 771.1 1,188 860.6 1,145 1,703 - -
Change - 8.72% 54.01% -27.53% 33.05% 48.71% - -
Enterprise Value (EV) 1 653.2 722.2 1,100 767.5 1,002 1,613 1,562 1,491
Change - 10.56% 52.34% -30.23% 30.52% 60.99% -3.16% -4.55%
P/E 20.3x 46.9x 39.7x 23x 23.3x 26.3x 20.6x 16x
PBR 8x 7.48x 10.3x 6.6x 7.63x 9.63x 7.5x 5.8x
PEG - -0.9x 0.5x 0.9x 0.8x 0.8x 0.7x 0.5x
Capitalization / Revenue 2.13x 2.12x 2.85x 2.13x 2.48x 3.15x 2.78x 2.47x
EV / Revenue 1.96x 1.99x 2.64x 1.9x 2.17x 2.98x 2.55x 2.17x
EV / EBITDA 11.5x 22.6x 19.6x 12.6x 11.7x 14.4x 11.4x 8.77x
EV / EBIT 14.7x 38.4x 26.9x 16.6x 14.8x 18.5x 14.2x 10.6x
EV / FCF 65.3x 15x 14.8x 19.1x 13.9x 30.2x 16.1x 12.3x
FCF Yield 1.53% 6.66% 6.76% 5.24% 7.21% 3.31% 6.2% 8.15%
Dividend per Share 2 - 1.5 1.5 1.5 1.6 1.6 1.8 2.15
Rate of return - 3.59% 2.33% 3.22% 2.58% 1.74% 1.95% 2.33%
EPS 2 1.89 0.89 1.62 2.03 2.66 3.5 4.465 5.77
Distribution rate - 169% 92.6% 73.9% 60.2% 45.7% 40.3% 37.3%
Net sales 1 333 363 416.9 404.7 461.8 541 613.5 688
EBITDA 1 56.7 31.9 56.1 60.9 85.6 112 137 170
EBIT 1 44.3 18.8 40.9 46.3 67.8 87.25 109.9 141.1
Net income 1 34.8 17.1 30 37.4 49.2 63.9 82.3 106
Net Debt 1 -56 -48.9 -87.4 -93.1 -143.3 -90.1 -141 -212
Reference price 2 38.40 41.75 64.30 46.60 62.00 92.20 92.20 92.20
Nbr of stocks (in thousands) 18,468 18,468 18,468 18,468 18,468 18,468 - -
Announcement Date 27/01/22 27/01/23 25/01/24 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.($)
26.34x2.98x14.4x1.74% 176M
27.86x6.6x20.94x-.--% 25.92B
17.81x1.65x9.49x1.88% 7.04B
241.8x - - - 3.1B
42.68x2.69x16.43x1.51% 3.01B
16.01x1.84x9.77x1.9% 2.17B
37.47x8.82x34.75x1.19% 1.7B
38.43x6.93x28.11x0.23% 1.31B
23.42x2.5x12.26x1.12% 819M
Average 52.43x 4.25x 18.27x 1.2% 5.03B
Weighted average by Cap. 41.94x 5.25x 18.71x 0.6%

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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