Company Valuation: AB Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,27,626 3,87,546 5,34,513 5,46,897 6,01,921 6,33,339 - -
Change - -9.37% 37.92% 2.32% 10.06% 5.22% - -
Enterprise Value (EV) 1 3,77,226 3,26,246 4,67,813 4,79,697 5,53,521 5,68,927 5,64,575 5,53,790
Change - -13.51% 43.39% 2.54% 15.39% 2.78% -0.76% -1.91%
P/E 13x 11.7x 10.7x 10.8x 17.5x 15.1x 12.2x 11.2x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.31x 2.93x 2.7x
PEG - -62.87x 0.2x 9.45x -0.6x 0.7x 0.5x 1.28x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.27x 1.16x 1.1x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.14x 1.03x 0.97x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 7.37x 6.24x 5.7x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 9.86x 8.09x 7.26x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 16.8x 13.5x 11.9x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.96% 7.4% 8.38%
Dividend per Share 2 13 14 18 18.5 13 16.11 18.37 19.81
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 5.18% 5.9% 6.37%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.58 25.44 27.67
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 78.3% 72.2% 71.6%
Net sales 1 3,72,216 4,73,479 5,52,764 5,26,816 4,79,183 4,99,385 5,46,513 5,73,286
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,197 90,439 97,239
EBIT 1 41,015 50,467 77,638 65,718 51,218 57,711 69,790 76,296
Net income 1 32,787 32,722 49,825 50,389 34,456 41,973 52,199 56,673
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -64,412 -68,764 -79,549
Reference price 2 209.65 188.48 261.70 268.60 295.90 311.20 311.20 311.20
Nbr of stocks (in thousands) 20,33,452 20,33,452 20,33,452 20,33,452 20,33,452 20,33,452 - -
Announcement Date 28/01/22 26/01/23 26/01/24 29/01/25 28/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15x1.15x7.39x4.91% 6.38TCr
26.31x4.51x20.14x0.88% 32TCr
35.53x5.52x30.07x1.02% 17TCr
18.41x1.72x13.96x2.96% 5.8TCr
29.62x4.17x17.41x0.44% 4.64TCr
15.17x1.55x8.87x2.86% 3.85TCr
11.04x1.04x10.43x4.73% 3.44TCr
30.08x4.38x17.46x1.66% 2.87TCr
12.33x0.4x4.15x3.99% 2.6TCr
15.82x1.25x8.17x3.2% 2.4TCr
Average 20.93x 2.57x 13.80x 2.67% 8.17TCr
Weighted average by Cap. 25.22x 3.73x 18.76x 1.8%

Y-o-Y evolution of P/E

Valuation ratios - P/E - AB Volvo

Historical PBR trend

Valuation ratios - PBR - AB Volvo

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - AB Volvo

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - AB Volvo


Year-on-year evolution of the Yield

Valuation ratios - Yield - AB Volvo