Company Valuation: NCC AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 18,035 9,636 12,271 15,879 21,526 16,628 - -
Change - -46.57% 27.34% 29.4% 35.56% -22.75% - -
Enterprise Value (EV) 1 20,967 12,636 16,581 17,043 22,691 17,236 16,205 14,436
Change - -39.73% 31.22% 2.79% 33.14% -24.04% -5.98% -10.91%
P/E 12x 9.45x 7.8x 10.1x 152x 11.9x 10.2x 8.99x
PBR 3.09x 1.32x 1.68x 1.83x 2.72x 2.05x 1.78x 1.75x
PEG - -0.4x 0.1x -54.24x -1.7x 0x 0.6x 0.7x
Capitalization / Revenue 0.34x 0.18x 0.22x 0.26x 0.39x 0.3x 0.28x 0.27x
EV / Revenue 0.39x 0.23x 0.29x 0.28x 0.41x 0.31x 0.27x 0.23x
EV / EBITDA 6.69x 4.88x 5.49x 5.16x 7.08x 5.5x 5.01x 3.97x
EV / EBIT 11.5x 9.3x 9.2x 8.39x 11.7x 9.07x 7.67x 6.12x
EV / FCF 11.1x -92.9x 45.9x 4.27x 19.7x 8.19x 11x 10.7x
FCF Yield 9.05% -1.08% 2.18% 23.4% 5.07% 12.2% 9.12% 9.37%
Dividend per Share 2 6 6 8 9 - 10.62 10.76 12.17
Rate of return 3.58% 6.17% 6.37% 5.54% - 6.25% 6.33% 7.16%
EPS 2 14.02 10.29 16.11 16.08 1.45 14.32 16.7 18.91
Distribution rate 42.8% 58.3% 49.7% 56% - 74.2% 64.4% 64.3%
Net sales 1 53,414 54,198 56,932 61,609 55,717 55,015 59,802 62,007
EBITDA 1 3,132 2,589 3,021 3,303 3,205 3,132 3,232 3,638
EBIT 1 1,825 1,358 1,802 2,032 1,938 1,900 2,113 2,361
Net income 1 1,508 1,069 1,573 1,571 142 1,402 1,633 1,853
Net Debt 1 2,932 3,000 4,310 1,164 1,165 608 -423.4 -2,192
Reference price 2 167.70 97.25 125.60 162.40 220.20 170.00 170.00 170.00
Nbr of stocks (in thousands) 107,595 97,592 97,662 97,792 97,792 97,792 - -
Announcement Date 02/02/22 31/01/23 30/01/24 10/02/25 05/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.87x0.31x5.5x6.25% 1.74B
62.89x2.83x27.4x0.07% 98.74B
13.69x1.11x6.06x4.3% 75.33B
26.44x2.02x19.86x1.17% 56.75B
35.03x4.41x23.95x0.19% 59.66B
53.29x4.59x28.79x1.56% 46.82B
30.88x0.75x12.54x2% 38.36B
25.05x0.51x7.95x2.35% 33.46B
25.76x1.69x15.31x0.18% 35.66B
4.86x0.3x5.83x5.87% 28.84B
Average 28.98x 1.85x 15.32x 2.39% 47.54B
Weighted average by Cap. 34.56x 2.25x 17.96x 1.73%

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