Company Valuation: Swedbank AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204,213 199,120 228,671 245,657 360,989 452,183 - -
Change - -2.49% 14.84% 7.43% 46.95% 25.26% - -
Enterprise Value (EV) 204,213 199,120 228,671 245,657 360,989 452,183 452,183 452,183
Change - -2.49% 14.84% 7.43% 46.95% 25.26% 0% 0%
P/E 9.81x 9.13x 6.72x 7.07x 11.1x 14.8x 13.2x 12.5x
PBR 1.26x 1.13x 1.15x 1.12x 1.6x 2.01x 1.96x 1.88x
PEG - 1.95x 0.1x 3.63x -1.82x -2.3x 1x 2.25x
Capitalization / Revenue 4.36x 3.74x 3.13x 3.32x 5.25x 6.29x 5.99x 5.75x
EV / Revenue 0x 0x 0x 0x 0x 6.29x 5.99x 5.75x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 11.1x 9.97x 9.42x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 9.25 9.75 15.15 21.7 20.45 24.5 25.63 26.4
Rate of return 5.08% 5.5% 7.45% 9.94% 6.37% 6.09% 6.37% 6.56%
EPS 2 18.56 19.43 30.27 30.86 28.98 27.11 30.57 32.27
Distribution rate 49.8% 50.2% 50% 70.3% 70.6% 90.4% 83.9% 81.8%
Net sales 1 46,890 53,221 73,057 74,104 68,736 71,899 75,470 78,640
EBITDA - - - - - - - -
EBIT 1 26,043 31,806 48,957 48,728 44,203 40,775 45,369 48,021
Net income 1 20,871 21,877 34,128 34,869 32,759 30,609 34,291 36,260
Net Debt - - - - - - - -
Reference price 2 182.10 177.30 203.30 218.30 321.10 402.40 402.40 402.40
Nbr of stocks (in thousands) 1,121,434 1,123,071 1,124,796 1,125,318 1,124,226 1,123,715 - -
Announcement Date 02/02/22 31/01/23 24/01/24 23/01/25 29/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.84x - - 1.81% 929B
6.22x - - 4.97% 410B
12.47x - - 2.05% 407B
12.55x - - 4.16% 352B
6.22x - - 4.95% 331B
6.69x - - 4.74% 298B
17.55x - - 2.4% 282B
14.6x - - 2.7% 264B
11.88x - - 2.19% 263B
Average 11.34x 3.33% 392.75B
Weighted average by Cap. 11.56x 3.12%

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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