Company Valuation: Assa Abloy AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,06,796 2,48,481 3,22,458 3,63,002 3,98,658 3,67,778 - -
Change - -19.01% 29.77% 12.57% 9.82% -7.75% - -
Enterprise Value (EV) 1 3,33,867 2,80,213 3,86,567 4,33,255 4,62,935 4,24,291 4,17,733 4,09,832
Change - -16.07% 37.95% 12.08% 6.85% -8.35% -1.55% -1.89%
P/E 28.2x 18.7x 23.7x 23.2x 27.1x 21.5x 19.1x 17.5x
PBR 4.41x 2.89x 3.52x 3.39x 3.92x 3.26x 2.95x 2.66x
PEG - 0.8x 9.46x 1.6x -4.49x 1.3x 1.5x 1.85x
Capitalization / Revenue 3.23x 2.06x 2.29x 2.42x 2.62x 2.35x 2.2x 2.08x
EV / Revenue 3.51x 2.32x 2.75x 2.89x 3.04x 2.71x 2.5x 2.32x
EV / EBITDA 18.5x 12.4x 14.1x 14.5x 15.1x 13.4x 12.1x 11.2x
EV / EBIT 23.5x 15.1x 17.4x 17.8x 18.8x 16.3x 14.7x 13.4x
EV / FCF 30.8x 22.7x 20.5x 22.4x 24.6x 22.6x 20.4x 18.1x
FCF Yield 3.24% 4.41% 4.88% 4.46% 4.06% 4.42% 4.9% 5.52%
Dividend per Share 2 4.2 4.8 5.4 5.9 6.4 6.793 7.533 8.248
Rate of return 1.52% 2.15% 1.86% 1.81% 1.78% 2.05% 2.28% 2.49%
EPS 2 9.81 11.97 12.27 14.08 13.23 15.39 17.31 18.95
Distribution rate 42.8% 40.1% 44% 41.9% 48.4% 44.1% 43.5% 43.5%
Net sales 1 95,007 1,20,793 1,40,716 1,50,162 1,52,409 1,56,492 1,66,997 1,76,966
EBITDA 1 18,023 22,620 27,358 29,940 30,745 31,767 34,556 36,619
EBIT 1 14,181 18,532 22,185 24,296 24,664 26,022 28,448 30,614
Net income 1 10,901 13,291 13,633 15,639 14,701 17,120 19,184 21,018
Net Debt 1 27,071 31,732 64,109 70,253 64,277 56,513 49,954 42,054
Reference price 2 276.20 223.70 290.30 326.80 358.90 331.10 331.10 331.10
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 04/02/22 03/02/23 07/02/24 05/02/25 05/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.51x2.71x13.36x2.05% 3.8TCr
12.5x0.98x6.38x3.14% 4.16TCr
18.13x2.27x11.98x1.66% 1.51TCr
17.82x3.03x12.36x1.38% 1.35TCr
-26.29x1.25x13.6x-.--% 1.01TCr
15.42x0.81x5.26x3.31% 829.44Cr
26.86x1.55x12.32x1.53% 798.98Cr
34.07x0.82x9.93x-.--% 790.67Cr
31.95x4.32x15.99x0.97% 783.13Cr
20.47x3.01x12.5x0.64% 763.53Cr
Average 17.24x 2.08x 11.37x 1.47% 1.58TCr
Weighted average by Cap. 16.50x 1.99x 10.76x 1.93%

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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