Financials AB SKF

Equities

SKF B

SE0000108227

Industrial Machinery & Equipment

Market Closed - Nasdaq Stockholm 04:29:47 30/04/2024 pm IST 5-day change 1st Jan Change
230 SEK +0.44% Intraday chart for AB SKF +2.40% +14.26%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 86,224 97,191 97,825 72,476 91,712 1,04,319 - -
Enterprise Value (EV) 1 1,08,400 1,15,651 1,15,185 91,510 1,07,903 1,14,141 1,11,418 1,09,969
P/E ratio 15.5 x 22.6 x 13.3 x 16.2 x 14.3 x 14.3 x 12.4 x 11.1 x
Yield 3.3% 3.05% 3.26% 4.4% 3.48% 3.48% 3.83% 4.16%
Capitalization / Revenue 1 x 1.3 x 1.2 x 0.75 x 0.88 x 1.03 x 0.99 x 0.95 x
EV / Revenue 1.26 x 1.55 x 1.41 x 0.94 x 1.04 x 1.13 x 1.06 x 1.01 x
EV / EBITDA 8.41 x 11 x 8.14 x 6.54 x 6.25 x 6.92 x 6.22 x 5.83 x
EV / FCF 21.7 x 23.7 x 54.9 x 310 x 13.6 x 15.9 x 15 x 12.9 x
FCF Yield 4.61% 4.22% 1.82% 0.32% 7.34% 6.28% 6.65% 7.76%
Price to Book 2.43 x 2.83 x 2.24 x 1.4 x 1.74 x 1.8 x 1.66 x 1.53 x
Nbr of stocks (in thousands) 4,55,351 4,55,351 4,55,351 4,55,351 4,55,351 4,55,351 - -
Reference price 2 189.4 213.4 214.5 159.2 201.3 229.0 229.0 229.0
Announcement Date 04/02/20 02/02/21 03/02/22 02/02/23 31/01/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 86,013 74,852 81,732 96,933 1,03,881 1,00,820 1,05,505 1,09,308
EBITDA 1 12,892 10,470 14,149 13,988 17,274 16,491 17,903 18,872
EBIT 1 10,136 9,194 10,839 10,204 12,977 12,430 13,608 14,359
Operating Margin 11.78% 12.28% 13.26% 10.53% 12.49% 12.33% 12.9% 13.14%
Earnings before Tax (EBT) 1 8,469 6,300 10,063 7,293 9,181 10,769 12,302 13,187
Net income 1 5,557 4,298 7,331 4,469 6,395 7,368 8,553 9,414
Net margin 6.46% 5.74% 8.97% 4.61% 6.16% 7.31% 8.11% 8.61%
EPS 2 12.20 9.440 16.09 9.810 14.04 15.97 18.43 20.63
Free Cash Flow 1 4,992 4,885 2,100 295 7,916 7,165 7,413 8,538
FCF margin 5.8% 6.53% 2.57% 0.3% 7.62% 7.11% 7.03% 7.81%
FCF Conversion (EBITDA) 38.72% 46.66% 14.84% 2.11% 45.83% 43.45% 41.41% 45.24%
FCF Conversion (Net income) 89.83% 113.66% 28.65% 6.6% 123.78% 97.24% 86.67% 90.7%
Dividend per Share 2 6.250 6.500 7.000 7.000 7.000 7.960 8.761 9.532
Announcement Date 04/02/20 02/02/21 03/02/22 02/02/23 31/01/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 20,986 22,942 23,655 24,975 25,361 26,549 27,123 25,771 24,438 24,699 25,913 25,545 25,221 25,880 26,903
EBITDA 1 3,479 3,814 3,371 3,108 3,591 4,476 4,555 4,035 4,208 4,375 4,357 4,213 4,304 4,649 4,614
EBIT 1 2,260 3,058 2,473 2,131 2,542 3,478 3,614 2,956 2,929 3,303 3,333 3,060 3,146 3,539 3,494
Operating Margin 10.77% 13.33% 10.45% 8.53% 10.02% 13.1% 13.32% 11.47% 11.99% 13.37% 12.86% 11.98% 12.48% 13.67% 12.99%
Earnings before Tax (EBT) 1 2,328 2,885 1,097 1,618 1,693 2,942 2,830 2,193 1,216 2,722 2,928 2,541 2,603 3,236 3,327
Net income 1 1,705 1,984 493 1,099 893 2,073 2,042 1,657 623 1,888 1,979 1,815 1,860 2,343 2,411
Net margin 8.12% 8.65% 2.08% 4.4% 3.52% 7.81% 7.53% 6.43% 2.55% 7.64% 7.64% 7.11% 7.37% 9.05% 8.96%
EPS 2 3.740 4.360 1.080 2.410 1.960 4.550 4.480 3.640 1.370 4.150 4.344 3.987 3.998 5.031 5.184
Dividend per Share 2 7.000 - - - 7.000 - - - - - - - - 8.812 -
Announcement Date 03/02/22 26/04/22 20/07/22 25/10/22 02/02/23 27/04/23 19/07/23 27/10/23 31/01/24 26/04/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 22,176 18,460 17,360 19,034 16,191 9,821 7,098 5,650
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.72 x 1.763 x 1.227 x 1.361 x 0.9373 x 0.5956 x 0.3965 x 0.2994 x
Free Cash Flow 1 4,992 4,885 2,100 295 7,916 7,165 7,413 8,538
ROE (net income / shareholders' equity) 17.6% 12.3% 18.8% 9.35% 12.2% 13.9% 14.5% 14.5%
ROA (Net income/ Total Assets) 6.69% 4.65% 7.71% 4.25% 5.74% 6.62% 7.03% 7.17%
Assets 1 83,066 92,333 95,093 1,05,274 1,11,413 1,11,346 1,21,584 1,31,271
Book Value Per Share 2 78.00 75.30 95.80 114.0 116.0 127.0 138.0 149.0
Cash Flow per Share 2 20.60 18.10 11.50 12.40 30.30 28.50 28.20 29.00
Capex 1 4,418 3,380 3,933 5,389 5,960 5,594 5,420 4,954
Capex / Sales 5.14% 4.52% 4.81% 5.56% 5.74% 5.55% 5.14% 4.53%
Announcement Date 04/02/20 02/02/21 03/02/22 02/02/23 31/01/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
21
Last Close Price
229 SEK
Average target price
233.2 SEK
Spread / Average Target
+1.86%
Consensus