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 1,86,141 - -
Change - -7.54% -8.54% 17.1% -11.84% 2.75% - -
Enterprise Value (EV) 1 2,62,942 2,54,740 2,29,197 2,36,268 2,07,705 2,14,587 2,11,120 2,07,225
Change - -3.12% -10.03% 3.09% -12.09% 3.31% -1.62% -1.85%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 15.4x 13.8x 12.8x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 2.05x 1.91x 1.77x
PEG - -1x 0.3x 0x -0.4x -5.01x 1.2x 1.73x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.33x 1.29x 1.25x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.53x 1.46x 1.4x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.63x 7.95x 7.44x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 11.8x 10.8x 10x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 21.3x 18x 16.1x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 4.69% 5.54% 6.22%
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% - 3.35% 3.54% 3.73%
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 2 295.40 273.30 250.00 295.70 265.20 274.00 274.00 274.00
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.($)
21.78x4.22x15.43x2.89% 34TCr
17.56x2.68x11.87x3.56% 13TCr
25.14x3.77x15.86x2.26% 7.42TCr
45.39x7.27x31.59x2.08% 5.39TCr
20.28x2.85x11.8x4.39% 3.71TCr
79.92x2.41x14.65x1.71% 2.98TCr
17.7x1.27x7.58x1.33% 1.9TCr
21.06x1.51x9.64x2.45% 1.77TCr
50.85x7.08x34.69x1.26% 1.12TCr
Average 33.30x 3.67x 17.01x 2.44% 7.97TCr
Weighted average by Cap. 25.80x 3.87x 15.77x 2.84%

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