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 3,71,331 - -
Change - -38.58% 3.04% 42.39% 0.82% 22.97% - -
Enterprise Value (EV) 1 2,97,231 1,89,986 2,12,445 2,81,130 2,78,032 3,20,952 3,12,361 3,03,247
Change - -36.08% 11.82% 32.33% -1.1% 15.44% -2.68% -2.92%
P/E Ratio 14.7x 10.8x -7.95x 8,988x 10.6x 20.4x 17.1x 16.1x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.35x 3.13x 2.91x
PEG - -0.6x 0x -90x 0x -0.6x 0.9x 2.69x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.63x 1.61x 1.58x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.41x 1.36x 1.29x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 8.64x 8.16x 7.61x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 10.8x 9.91x 9.44x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 13.6x 12.7x 11.9x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 7.34% 7.86% 8.38%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.103 3.271 3.458
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.78% 2.93% 3.1%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.481 6.52 6.911
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 56.6% 50.2% 50%
Net sales 1 2,32,314 2,71,546 2,63,351 2,47,880 2,36,681 2,27,360 2,30,237 2,34,928
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,167 38,273 39,871
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,755 31,530 32,120
Net income 1 23,000 18,724 -26,446 20 28,428 18,591 21,374 22,088
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -50,379 -58,969 -68,084
Reference price 2 99.79 60.90 63.11 89.88 90.60 111.60 111.60 111.60
Nbr of stocks (in thousands) 33,29,738 33,30,142 33,30,142 33,32,672 33,33,287 33,23,585 - -
Announcement Date 25/01/22 20/01/23 23/01/24 24/01/25 23/01/26 - - -
1SEK in Million2SEK
Estimates

P/E Ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.36x1.41x8.64x2.78% 3.92TCr
36.68x7.64x19.73x1.4% 47TCr
23.35x0.93x16.85x2.06% 21TCr
42.61x13.3x33.39x0.25% 19TCr
45.32x15.17x31.77x-.--% 19TCr
46.98x3.01x19.59x1.28% 7.61TCr
31.03x5.89x17.24x1.15% 6.83TCr
172.75x22.23x65.29x-.--% 6.64TCr
83.67x9.73x44.9x-.--% 6.15TCr
24.44x5.27x18.23x1.78% 4.47TCr
Average 52.72x 8.46x 27.56x 1.07% 14.13TCr
Weighted average by Cap. 44.56x 8.62x 25.51x 1.06%

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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