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 3,56,457 - -
Change - -38.58% 3.04% 42.39% 0.82% 18.04% - -
Enterprise Value (EV) 1 2,97,231 1,89,986 2,12,445 2,81,130 2,78,032 3,05,167 2,97,753 2,87,134
Change - -36.08% 11.82% 32.33% -1.1% 9.76% -2.43% -3.57%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 18.8x 16.4x 15.2x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.23x 2.98x 2.77x
PEG - -0.6x 0x -90x 0x -0.6x 1.1x 1.87x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.54x 1.52x 1.49x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.32x 1.27x 1.2x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.71x 7.74x 7.23x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 9.51x 9.57x 8.86x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 12.2x 12.1x 10.6x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.19% 8.26% 9.45%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.059 3.225 3.38
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.8% 2.95% 3.09%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.811 6.653 7.195
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 52.6% 48.5% 47%
Net sales 1 2,32,314 2,71,546 2,63,351 2,47,880 2,36,681 2,30,902 2,34,921 2,38,578
EBITDA 1 41,298 37,962 30,084 50,358 50,212 39,566 38,450 39,717
EBIT 1 32,300 27,419 18,093 24,658 40,971 32,080 31,114 32,404
Net income 1 23,000 18,724 -26,446 20 28,428 19,145 20,964 22,302
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -51,291 -58,705 -69,323
Reference price 2 99.79 60.90 63.11 89.88 90.60 109.35 109.35 109.35
Nbr of stocks (in thousands) 33,29,738 33,30,142 33,30,142 33,32,672 33,33,287 32,57,271 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.87x6.02x15.59x1.54% 43TCr
48.94x17.35x34.79x-.--% 24TCr
16.02x0.64x11.64x2.83% 14TCr
20.59x6.43x15.51x0.6% 11TCr
34.98x6.78x19.65x1% 8TCr
42.3x12.69x28.34x-.--% 8.28TCr
26.95x6.17x21.74x1.52% 5.25TCr
45.19x2.09x13.21x1.84% 5.18TCr
62.62x8.09x35.83x-.--% 5.15TCr
Average 36.05x 7.36x 21.81x 1.04% 13.84TCr
Weighted average by Cap. 33.01x 8.00x 20.86x 1.13%

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