Company Valuation: NOTE AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2023 2024 2025 2026 2027 2028
Market Cap 1 6,603 4,304 4,290 5,190 4,399 - -
Change - - -0.34% 20.99% -15.24% - -
Enterprise Value (EV) 1 6,603 4,304 4,509 5,720 5,817 5,652 5,402
Change - - 4.75% 26.87% 1.69% -2.83% -4.43%
P/E 34.4x 13.5x 17.2x 18.4x 16.4x 11.8x 10.4x
PBR - - 2.57x 3.15x 2.3x 1.97x 1.71x
PEG - - -0.8x 1.2x -3.15x 0.3x 0.7x
Capitalization / Revenue - - 1.1x 1.36x 0.97x 0.84x 0.78x
EV / Revenue - - 1.16x 1.5x 1.28x 1.08x 0.96x
EV / EBITDA - - 9.51x 11.3x 9.9x 7.8x 6.8x
EV / EBIT - - 12.8x 15x 13.5x 10.5x 9.14x
EV / FCF - - - 15.8x 121x 22.2x 15.4x
FCF Yield - - - 6.34% 0.83% 4.5% 6.51%
Dividend per Share 2 - - - - 1.305 1.7 1.96
Rate of return - - - - 0.85% 1.1% 1.27%
EPS 2 6.72 11.04 8.61 9.89 9.375 13.02 14.88
Distribution rate - - - - 13.9% 13.1% 13.2%
Net sales 1 - - 3,901 3,814 4,532 5,223 5,638
EBITDA 1 - - 474 504 587.4 724.3 794.2
EBIT 1 - - 352 381 429.8 536.4 591
Net income 1 194 320 248 281 267.8 371.8 424
Net Debt 1 - - 219 530 1,418 1,253 1,003
Reference price 2 231.00 148.50 148.00 181.80 154.10 154.10 154.10
Nbr of stocks (in thousands) 28,584 28,984 28,984 28,549 28,549 - -
Announcement Date 28/01/22 22/03/24 27/01/25 26/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.43x1.27x9.53x0.87% 443M
21.1x12.03x18.14x0.36% 5,094B
21.65x10.59x14.36x1.13% 1,897B
34.71x14.72x21.62x0.81% 1,536B
5.07x3.1x3.45x0.07% 993B
90.54x16.32x61.89x-.--% 844B
3.6x2.2x2.65x0.26% 703B
-37.67x7.57x21.11x-.--% 457B
31.42x11.81x21.51x2.03% 260B
Average 20.76x 8.85x 19.36x 0.62% 1,309B
Weighted average by Cap. 23.49x 10.94x 19.15x 0.51%

Y-o-Y evolution of P/E

Valuation ratios - P/E - NOTE AB

Historical PBR trend

Valuation ratios - PBR - NOTE AB

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - NOTE AB

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - NOTE AB


Year-on-year evolution of the Yield

Valuation ratios - Yield - NOTE AB