Company Valuation: NP3 AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 19,736 10,845 13,397 15,391 15,949 13,683 - -
Change - -45.05% 23.53% 14.88% 3.63% -14.21% - -
Enterprise Value (EV) 1 29,943 22,876 25,157 27,881 29,889 29,411 29,504 29,494
Change - -23.6% 9.97% 10.83% 7.21% -1.6% 0.32% -0.03%
P/E - - - 17.6x - 11.8x 13x 12.7x
PBR 3.6x 1.69x 2.03x 1.9x 1.8x 1.29x 1.18x 1.08x
PEG - - - - - - -1.34x 4.12x
Capitalization / Revenue 15.9x 6.99x 7.46x 7.73x 7.01x 5.43x 5.12x 4.91x
EV / Revenue 24.2x 14.7x 14x 14x 13.1x 11.7x 11x 10.6x
EV / EBITDA 29.6x 21.2x 19.7x - 18.3x 16.1x 15x 14.3x
EV / EBIT - 18.6x 20x 19.4x 17.7x 15.9x 15x 14.4x
EV / FCF - - - - - -49.9x 52.8x 40.8x
FCF Yield - - - - - -2% 1.89% 2.45%
Dividend per Share 2 4.3 5 5.475 5.2 6.4 6.855 7.248 7.613
Rate of return 1.19% 2.52% 2.35% 2.08% 2.47% 3.09% 3.26% 3.43%
EPS 2 - - - 14.17 - 18.84 17.01 17.54
Distribution rate - - - 36.7% - 36.4% 42.6% 43.4%
Net sales 1 1,238 1,551 1,797 1,992 2,274 2,521 2,674 2,785
EBITDA 1 1,013 1,081 1,279 - 1,634 1,832 1,960 2,056
EBIT 1 - 1,232 1,259 1,438 1,684 1,853 1,972 2,053
Net income 1 2,017 1,224 -62 914 1,276 1,299 1,142 1,239
Net Debt 1 10,207 12,031 11,760 12,490 13,940 15,728 15,821 15,812
Reference price 2 362.50 198.60 233.00 250.00 259.00 222.00 222.00 222.00
Nbr of stocks (in thousands) 54,445 54,608 57,497 61,562 61,581 61,635 - -
Announcement Date 11/02/22 06/04/23 09/02/24 07/02/25 06/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 11.66x16.05x3.09% 1.37B
61.61x - - - 65.82B
14.08x4.56x12.27x3.6% 40.07B
5.7x0.76x1.57x8.64% 27.87B
8.36x1.48x7.93x4.24% 27.77B
17.83x3.95x15.87x1.37% 27.62B
13.63x3.06x14.66x2.57% 25.25B
9.19x3.49x7.71x-.--% 21.67B
8.18x0.91x3.3x2.73% 20.93B
10.37x2.04x8.39x4.05% 20.85B
Average 16.55x 3.55x 9.75x 3.36% 27.92B
Weighted average by Cap. 23.15x 2.74x 9.36x 3.52%

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