Company Valuation: Cell Impact AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,964 2,072 830.3 133.1 99.57 47.43
Change - 5.53% -59.93% -83.97% -25.18% -52.37%
Enterprise Value (EV) 1 1,834 2,063 710.3 75.93 110.1 63.2
Change - 12.51% -65.57% -89.31% 44.99% -42.59%
P/E -41.5x -19.8x -7.96x -0.2x -0.88x -0.21x
PBR 11x 14.5x 2.56x 0.44x 0.45x 0.39x
PEG - -0.4x -3.89x 0x 0x 0x
Capitalization / Revenue 67x 25.3x 9.07x 2.79x 2.63x 8.34x
EV / Revenue 62.6x 25.2x 7.76x 1.59x 2.9x 11.1x
EV / EBITDA -47.1x -28.5x -7.65x -0.7x -1.37x -0.6x
EV / EBIT -42.6x -26.4x -6.83x -0.64x -1.11x -0.49x
EV / FCF -34.5x -18.7x -5.22x -0.72x -1.97x -1.09x
FCF Yield -2.9% -5.34% -19.2% -140% -50.8% -91.7%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -8.794 -13.49 -13.76 -11.07 -1.625 -0.7806
Distribution rate - - - - - -
Net sales 1 29.31 81.8 91.53 47.66 37.92 5.686
EBITDA 1 -38.93 -72.3 -92.9 -108.1 -80.16 -105.6
EBIT 1 -43.06 -78.04 -104.1 -119.5 -99.02 -127.9
Net income 1 -44.26 -79.85 -104.2 -121.4 -100.4 -132
Net Debt 1 -130 -9.049 -120 -57.14 10.53 15.77
Reference price 2 365.0000 267.0000 109.5000 2.2500 1.4300 0.1610
Nbr of stocks (in thousands) 5,380 7,761 7,583 59,145 69,627 2,94,585
Announcement Date 26/03/21 25/03/22 24/03/23 22/03/24 20/03/25 20/03/26
1SEK in Million2SEK
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
46.58x - - - 352.89Cr
52.42x10.5x34.25x0.87% 336.19Cr
35.15x1.26x10.35x2.87% 324.37Cr
14.37x2.85x9.13x3.09% 285.12Cr
7.99x1.26x5.24x2.59% 234.57Cr
13.25x1.03x7.28x2.58% 213.28Cr
23.17x0.96x10.76x0.82% 201.73Cr
Average 27.56x 2.98x 12.84x 2.14% 278.31Cr
Weighted average by Cap. 30.25x 3.42x 14.06x 2.15%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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