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 1,73,866 - -
Change - -7.54% -8.54% 17.1% -11.84% -4.03% - -
Enterprise Value (EV) 1 2,62,942 2,54,740 2,29,197 2,36,268 2,07,705 2,03,075 2,00,785 1,97,236
Change - -3.12% -10.03% 3.09% -12.09% -2.23% -1.13% -1.77%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 15.2x 13.4x 12.3x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 1.91x 1.79x 1.66x
PEG - -1x 0.3x 0x -0.4x -2.13x 1x 1.46x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.23x 1.17x 1.14x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.44x 1.35x 1.3x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.2x 7.65x 7.14x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 11.8x 10.7x 9.9x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 20.6x 17.2x 16x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 4.84% 5.81% 6.25%
Dividend per Share 2 7 7.25 7.75 8.25 8.75 9.17 9.734 10.27
Rate of return 2.37% 2.65% 3.1% 2.79% 3.3% 3.54% 3.76% 3.96%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.06 19.37 21
Distribution rate 57% 91.4% 57% 27.7% 47.6% 53.7% 50.3% 48.9%
Net sales 1 1,21,867 1,56,173 1,47,147 1,45,546 1,38,494 1,41,409 1,48,233 1,51,959
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,763 26,245 27,638
EBIT 1 12,828 11,942 17,789 19,234 18,531 17,185 18,726 19,914
Net income 1 8,620 5,567 9,554 20,888 12,656 11,551 12,957 13,983
Net Debt 1 55,433 62,869 53,703 30,769 26,543 29,209 26,918 23,370
Reference price 2 295.40 273.30 250.00 295.70 265.20 259.10 259.10 259.10
Nbr of stocks (in thousands) 7,02,342 7,02,342 7,02,342 6,94,998 6,83,049 6,77,842 - -
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.($)
21.34x4.07x14.92x3.03% 34TCr
29.11x4.47x18.47x2.05% 23TCr
18.1x2.7x11.92x3.56% 13TCr
23.47x3.49x14.68x2.48% 6.8TCr
51.25x7.42x28.59x0.3% 4.64TCr
39.11x6.28x27.24x2.4% 4.6TCr
18.6x2.63x10.97x4.78% 3.39TCr
32.09x2.44x13.68x1.68% 3.36TCr
14.6x2.37x10.96x5.29% 3.24TCr
Average 27.52x 3.99x 16.83x 2.84% 10.65TCr
Weighted average by Cap. 25.26x 4.04x 16.28x 2.76%

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