Company Valuation: Essity AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,07,509 1,91,871 1,75,494 2,05,499 1,81,162 1,89,107 - -
Change - -7.54% -8.54% 17.1% -11.84% 4.39% - -
Enterprise Value (EV) 1 2,62,942 2,54,740 2,29,197 2,36,268 2,07,705 2,17,553 2,14,086 2,10,191
Change - -3.12% -10.03% 3.09% -12.09% 4.74% -1.59% -1.82%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 15.6x 14x 13x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 2.08x 1.94x 1.8x
PEG - -1x 0.3x 0x -0.4x -5.07x 1.2x 1.75x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.35x 1.31x 1.27x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.56x 1.48x 1.42x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.75x 8.06x 7.55x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 12x 11x 10.1x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 21.6x 18.3x 16.3x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 4.62% 5.46% 6.14%
Dividend per Share 2 7 7.25 7.75 8.25 - 9.185 9.705 10.23
Rate of return 2.37% 2.65% 3.1% 2.79% - 3.3% 3.49% 3.67%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.81 19.88 21.35
Distribution rate 57% 91.4% 57% 27.7% - 51.6% 48.8% 47.9%
Net sales 1 1,21,867 1,56,173 1,47,147 1,45,546 1,38,494 1,39,819 1,44,686 1,48,327
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,857 26,557 27,835
EBIT 1 12,828 11,942 17,789 19,234 18,531 18,117 19,550 20,712
Net income 1 8,620 5,567 9,554 20,888 12,656 12,088 13,342 14,234
Net Debt 1 55,433 62,869 53,703 30,769 26,543 28,446 24,979 21,084
Reference price 2 295.40 273.30 250.00 295.70 265.20 278.40 278.40 278.40
Nbr of stocks (in thousands) 7,02,342 7,02,342 7,02,342 6,94,998 6,83,049 6,79,243 - -
Announcement Date 26/01/22 26/01/23 25/01/24 23/01/25 22/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.37x4.32x15.82x2.82% 35TCr
17.85x2.72x12.04x3.54% 13TCr
25.78x3.86x16.23x2.2% 7.61TCr
45.98x7.37x32.01x2.05% 5.46TCr
20.81x2.91x12.06x4.28% 3.81TCr
81.12x2.44x14.83x1.68% 3.03TCr
17.79x1.28x7.63x1.33% 1.92TCr
21.62x1.56x9.94x2.39% 1.84TCr
52.48x7.3x35.78x1.22% 1.16TCr
Average 33.98x 3.75x 17.37x 2.39% 8.16TCr
Weighted average by Cap. 26.33x 3.96x 16.09x 2.78%

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