Company Valuation: C-Rad AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,880 1,287 1,421 1,007 1,073 1,195 - -
Change - -31.57% 10.47% -29.12% 6.5% 11.42% - -
Enterprise Value (EV) 1 1,758 1,165 1,292 856.5 901.6 1,025 986.7 928.3
Change - -33.74% 10.92% -33.7% 5.28% 13.63% -3.69% -5.92%
P/E 75.3x 173x 31x 18x 103x 17.8x 15x 12.5x
PBR 8.13x 5.31x 5.06x 3.12x 3.11x 3.01x 2.63x 2.29x
PEG - -2.5x 0x 0.8x -1.3x 0x 0.8x 0.6x
Capitalization / Revenue 7.2x 4.27x 3.35x 2.15x 2.43x 2.58x 2.27x 2.1x
EV / Revenue 6.73x 3.87x 3.04x 1.83x 2.04x 2.21x 1.87x 1.63x
EV / EBITDA 38.5x 32.2x 19.5x 10.7x 16.3x 11.1x 8.75x 6.99x
EV / EBIT 48.8x 44.6x 22.5x 12.2x 20x 11.5x 9.96x 7.8x
EV / FCF 143x -760x 78.8x 36.6x 17.9x 19x 16.8x 10.8x
FCF Yield 0.7% -0.13% 1.27% 2.73% 5.58% 5.26% 5.96% 9.23%
Dividend per Share 2 - - - - 0.1 0.45 0.65 0.85
Rate of return - - - - 0.31% 1.27% 1.84% 2.4%
EPS 2 0.74 0.22 1.36 1.67 0.31 1.983 2.363 2.842
Distribution rate - - - - 32.3% 22.7% 27.5% 29.9%
Net sales 1 261.2 301.3 424.6 469 441.9 463.9 527 568.1
EBITDA 1 45.7 36.2 66.4 79.9 55.4 92.24 112.8 132.9
EBIT 1 36 26.1 57.5 70 45.1 89 99.04 119
Net income 1 25.1 7.5 46.1 56.5 10.5 66.84 79.63 95.76
Net Debt 1 -122.4 -121.9 -129.4 -150.9 -171.2 -170.8 -208.6 -267
Reference price 2 55.70 38.10 42.20 30.00 31.95 35.40 35.40 35.40
Nbr of stocks (in thousands) 33,752 33,767 33,678 33,578 33,578 33,767 - -
Announcement Date 27/01/22 26/01/23 08/02/24 07/02/25 12/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.98x5.47x20.96x0.3% 23TCr
36.45x6.54x20.74x0.66% 15TCr
40.87x10.62x23.48x-.--% 13TCr
17.48x3.59x11.63x-.--% 6.79TCr
35.65x7.16x22.63x-.--% 5.2TCr
19.58x2.35x11.75x2.61% 5.1TCr
29.98x5.8x19.77x0.67% 4.34TCr
72.6x6.92x21.08x-.--% 4.07TCr
20.86x5.8x14.97x1.11% 3.47TCr
Average 33.83x 6.03x 18.56x 0.59% 8.93TCr
Weighted average by Cap. 33.69x 6.37x 19.75x 0.46%

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