Company Valuation: CellaVision AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,757 5,462 5,057 5,188 3,749 4,131 - -
Change - -29.58% -7.42% 2.59% -27.72% 10.18% - -
Enterprise Value (EV) 1 7,763 5,456 5,000 5,065 3,587 3,943 3,907 3,847
Change - -29.71% -8.37% 1.31% -29.18% 9.93% -0.91% -1.54%
P/E 61.9x 46.2x 38.8x 36.9x 24.5x 29.4x 23.3x 20.6x
PBR 14.3x 8.51x 7.06x 6.36x 4.22x 4.26x 3.85x 3.46x
PEG - -8.36x 3.8x 4.58x 2.78x -3.62x 0.9x 1.6x
Capitalization / Revenue 13.7x 8.54x 7.47x 7.17x 4.94x 5.32x 4.72x 4.36x
EV / Revenue 13.7x 8.53x 7.38x 7x 4.73x 5.07x 4.46x 4.06x
EV / EBITDA 39.6x 27.5x 24.2x 23.2x 14.9x 17.2x 13.9x 12.3x
EV / EBIT 47.7x 34.5x 29.9x 28.5x 17.8x 22x 17.2x 15x
EV / FCF 68x 81.1x 45.1x 41.4x 31.4x 36.5x 34.2x 26.8x
FCF Yield 1.47% 1.23% 2.22% 2.42% 3.19% 2.74% 2.92% 3.73%
Dividend per Share 2 2 2 2.25 2.5 2.75 2.75 3.133 3.4
Rate of return 0.62% 0.87% 1.06% 1.15% 1.75% 1.59% 1.81% 1.96%
EPS 2 5.25 4.96 5.46 5.9 6.42 5.898 7.436 8.414
Distribution rate 38.1% 40.3% 41.2% 42.4% 42.8% 46.6% 42.1% 40.4%
Net sales 1 565.6 639.3 677.3 723.2 759 777.1 876 948.1
EBITDA 1 196.2 198.4 206.8 218.7 241.4 229.7 281.3 313.2
EBIT 1 162.7 158.3 167.1 177.7 202.1 179.5 226.5 257
Net income 1 125.3 118.3 130.3 140.7 153.1 140.7 179.4 203.4
Net Debt 1 6.368 -5.558 -56.94 -122.6 -162.6 -187.8 -223.9 -284.1
Reference price 2 325.20 229.00 212.00 217.50 157.20 173.20 173.20 173.20
Nbr of stocks (in thousands) 23,852 23,852 23,852 23,852 23,852 23,852 - -
Announcement Date 04/02/22 08/02/23 07/02/24 06/02/25 05/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.37x5.07x17.17x1.59% 41Cr
33.55x5.86x22.46x0.27% 25TCr
37.53x6.7x21.23x0.64% 16TCr
44.07x11.66x25.74x-.--% 14TCr
16.51x3.39x11.05x-.--% 6.33TCr
34.11x6.82x21.58x-.--% 4.98TCr
33.56x6.64x22.54x0.6% 4.86TCr
18.65x2.28x11.55x2.7% 4.8TCr
43.7x10.61x23.39x-.--% 4.62TCr
76.92x7.32x22.3x-.--% 4.32TCr
Average 36.80x 6.64x 19.90x 0.58% 8.48TCr
Weighted average by Cap. 36.74x 7.04x 21.31x 0.38%

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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