Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,32,382 2,04,141 2,10,346 2,99,520 3,01,970 3,19,107 - -
Change - -38.58% 3.04% 42.39% 0.82% 5.68% - -
Enterprise Value (EV) 1 2,97,231 1,89,986 2,12,445 2,81,130 2,78,032 2,73,402 2,61,973 2,51,495
Change - -36.08% 11.82% 32.33% -1.1% -1.67% -4.18% -4%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 18.3x 15.1x 13.9x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.07x 2.71x 2.53x
PEG - -0.6x 0x -90x 0x -0.5x 0.7x 1.63x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.41x 1.38x 1.35x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.21x 1.14x 1.07x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.96x 7.05x 6.48x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 9.53x 8.83x 8.05x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 12.5x 10.4x 9.63x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 7.99% 9.65% 10.4%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.044 3.154 3.285
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 3.14% 3.25% 3.38%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.298 6.439 6.989
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 57.5% 49% 47%
Net sales 1 2,32,314 2,71,546 2,63,351 2,47,880 2,36,681 2,26,610 2,30,477 2,35,508
EBITDA 1 41,298 37,962 30,084 50,358 50,212 34,338 37,142 38,784
EBIT 1 32,300 27,419 18,093 24,658 40,971 28,686 29,662 31,259
Net income 1 23,000 18,724 -26,446 20 28,428 17,582 20,648 21,486
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -45,705 -57,134 -67,612
Reference price 2 99.79 60.90 63.11 89.88 90.60 97.10 97.10 97.10
Nbr of stocks (in thousands) 33,29,738 33,30,142 33,30,142 33,32,672 33,33,287 32,83,682 - -
Announcement Date 25/01/22 20/01/23 23/01/24 24/01/25 23/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.68x6.2x16.06x1.5% 45TCr
51.22x18.22x36.52x-.--% 25TCr
16.07x0.65x11.68x2.82% 14TCr
22.42x7.03x16.97x0.55% 12TCr
41.62x12.53x27.63x-.--% 8.12TCr
32.69x6.38x18.48x1.07% 7.48TCr
62x8.02x35.48x-.--% 5.1TCr
40.33x2.19x14.11x1.75% 5.41TCr
27.67x6.31x20.81x1.48% 5.39TCr
Average 35.75x 7.50x 21.97x 1.02% 14.17TCr
Weighted average by Cap. 33.50x 8.29x 21.38x 1.1%

Y-o-Y evolution of P/E

Valuation ratios - P/E - ERICSSON

Historical PBR trend

Valuation ratios - PBR - ERICSSON

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - ERICSSON

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - ERICSSON


Year-on-year evolution of the Yield

Valuation ratios - Yield - ERICSSON