Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 3,26,988 3,32,382 2,04,141 2,10,346 2,99,520 2,91,698 2,91,698 -
Change - 1.65% -38.58% 3.04% 42.39% -2.61% 0% -
Enterprise Value (EV) 1 3,06,716 2,97,231 1,89,986 2,12,445 2,81,130 2,42,368 2,49,819 2,37,275
Change - -3.09% -36.08% 11.82% 32.33% -13.79% 3.07% -5.02%
P/E ratio 18.6x 14.7x 10.8x -7.95x 8,988x 11.2x 14.6x 13.8x
PBR 3.75x 3.06x 1.51x 2.16x 3.18x 2.72x 2.65x 2.54x
PEG - 0.5x -0.6x 0x -90x 0x -0.6x 2.63x
Capitalization / Revenue 1.41x 1.43x 0.75x 0.8x 1.21x 1.23x 1.24x 1.22x
EV / Revenue 1.32x 1.28x 0.7x 0.81x 1.13x 1.03x 1.06x 1x
EV / EBITDA 8.12x 7.2x 5x 7.06x 5.58x 5.56x 6.63x 6.3x
EV / EBIT 10.5x 9.2x 6.93x 11.7x 11.4x 6.76x 8.44x 7.88x
EV / FCF 20.3x 8.37x 7.13x 54.8x 6.4x 11.5x 10.7x 9.53x
FCF Yield 4.92% 11.9% 14% 1.83% 15.6% 8.73% 9.39% 10.5%
Dividend per Share 2 2 2.5 2.5 2.7 2.85 3.082 3.173 3.255
Rate of return 2.05% 2.51% 4.11% 4.28% 3.17% 3.52% 3.63% 3.72%
EPS 2 5.26 6.81 5.62 -7.94 0.01 7.791 6.008 6.323
Distribution rate 38% 36.7% 44.5% -34% 28,500% 39.6% 52.8% 51.5%
Net sales 1 2,32,390 2,32,314 2,71,546 2,63,351 2,47,880 2,36,210 2,35,120 2,38,259
EBITDA 1 37,788 41,298 37,962 30,084 50,358 43,624 37,676 37,644
EBIT 1 29,100 32,300 27,419 18,093 24,658 35,842 29,583 30,096
Net income 1 17,483 23,000 18,724 -26,446 20 25,825 19,363 20,072
Net Debt 1 -20,272 -35,151 -14,155 2,099 -18,390 -49,330 -41,879 -54,423
Reference price 2 97.64 99.79 60.90 63.11 89.88 87.52 87.52 87.52
Nbr of stocks (in thousands) 33,28,108 33,29,738 33,30,142 33,30,142 33,32,672 33,33,287 33,33,287 -
Announcement Date 29/01/21 25/01/22 20/01/23 23/01/24 24/01/25 - - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.23x1.03x5.56x3.52% 3.16TCr
25.45x5.06x13.1x2.2% 30TCr
35.72x1.33x25.78x1.55% 18TCr
48.14x17.25x35.19x-.--% 16TCr
63.9x18.23x52.11x0.2% 9.84TCr
31.89x6.41x19.73x1.12% 6.67TCr
20.75x2.57x13.99x2.65% 4.08TCr
25.42x5.36x19.14x1.65% 4.07TCr
35.61x1.45x10.63x2.48% 3.71TCr
71.56x5.87x30.83x-.--% 3.43TCr
Average 36.97x 6.46x 22.61x 1.54% 9.9TCr
Weighted average by Cap. 36.65x 7.47x 23.94x 1.42%
See all sector valuations

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