Company Valuation: Assa Abloy AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 2,24,932 3,06,796 2,48,481 3,22,458 3,63,002 3,99,102 - -
Change - 36.4% -19.01% 29.77% 12.57% 9.94% - -
Enterprise Value (EV) 1 2,54,687 3,33,867 2,80,213 3,86,567 4,33,255 4,61,512 4,52,117 4,41,722
Change - 31.09% -16.07% 37.95% 12.08% 6.52% -2.04% -2.3%
P/E ratio 24.5x 28.2x 18.7x 23.7x 23.2x 27x 22.2x 20.2x
PBR 3.82x 4.41x 2.89x 3.52x 3.39x 3.6x 3.28x 2.99x
PEG - 1.5x 0.8x 9.46x 1.6x -4.92x 1x 2.03x
Capitalization / Revenue 2.57x 3.23x 2.06x 2.29x 2.42x 2.59x 2.49x 2.34x
EV / Revenue 2.91x 3.51x 2.32x 2.75x 2.89x 3x 2.82x 2.59x
EV / EBITDA 16.2x 18.5x 12.4x 14.1x 14.5x 15.2x 13.8x 12.5x
EV / EBIT 21.4x 23.5x 15.1x 17.4x 17.8x 18.6x 16.9x 15.4x
EV / FCF 21.3x 30.8x 22.7x 20.5x 22.4x 26.5x 23.1x 21.1x
FCF Yield 4.71% 3.24% 4.41% 4.88% 4.46% 3.78% 4.33% 4.75%
Dividend per Share 2 3.9 4.2 4.8 5.4 5.9 6.123 6.868 7.631
Rate of return 1.93% 1.52% 2.15% 1.86% 1.81% 1.7% 1.91% 2.12%
EPS 2 8.26 9.81 11.97 12.27 14.08 13.31 16.15 17.75
Distribution rate 47.2% 42.8% 40.1% 44% 41.9% 46% 42.5% 43%
Net sales 1 87,649 95,007 1,20,793 1,40,716 1,50,162 1,53,867 1,60,115 1,70,373
EBITDA 1 15,692 18,023 22,620 27,358 29,940 30,351 32,729 35,241
EBIT 1 11,916 14,181 18,532 22,185 24,296 24,749 26,696 28,659
Net income 1 9,171 10,901 13,291 13,633 15,639 14,798 17,970 19,820
Net Debt 1 29,755 27,071 31,732 64,109 70,253 62,410 53,015 42,620
Reference price 2 202.50 276.20 223.70 290.30 326.80 359.30 359.30 359.30
Nbr of stocks (in thousands) 11,10,776 11,10,776 11,10,776 11,10,776 11,10,776 11,10,776 - -
Announcement Date 05/02/21 04/02/22 03/02/23 07/02/24 05/02/25 - - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27x3x15.21x1.7% 4.24TCr
13.49x1.11x7.07x2.75% 4.86TCr
16.65x2.07x11.1x1.91% 1.34TCr
18.88x3.07x12.66x1.3% 1.35TCr
25.25x1.07x9.95x-.--% 1.23TCr
25.7x5.07x14.79x0.68% 797.78Cr
39.71x4.77x18.34x0.8% 785.21Cr
19.1x0.82x5.34x3.98% 723.28Cr
20.81x3.02x13.24x0.66% 700.83Cr
Average 22.95x 2.67x 11.97x 1.53% 1.78TCr
Weighted average by Cap. 21.15x 2.30x 11.38x 1.84%
See all sector valuations

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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