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 1,81,943 - -
Change - -7.54% -8.54% 17.1% -11.84% 0.43% - -
Enterprise Value (EV) 1 2,62,942 2,54,740 2,29,197 2,36,268 2,07,705 2,10,827 2,07,279 2,03,341
Change - -3.12% -10.03% 3.09% -12.09% 1.5% -1.68% -1.9%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 16.1x 14x 13x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 2.04x 1.91x 1.77x
PEG - -1x 0.3x 0x -0.4x -2.84x 1x 1.64x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.29x 1.24x 1.22x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.5x 1.42x 1.36x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.56x 7.8x 7.29x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 12x 10.6x 9.82x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 19.7x 17.2x 15.5x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 5.06% 5.8% 6.45%
Dividend per Share 2 7 7.25 7.75 8.25 8.75 9.163 9.726 10.25
Rate of return 2.37% 2.65% 3.1% 2.79% 3.3% 3.29% 3.5% 3.69%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.33 19.85 21.43
Distribution rate 57% 91.4% 57% 27.7% 47.6% 52.9% 49% 47.8%
Net sales 1 1,21,867 1,56,173 1,47,147 1,45,546 1,38,494 1,40,900 1,46,159 1,49,646
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,621 26,570 27,880
EBIT 1 12,828 11,942 17,789 19,234 18,531 17,600 19,492 20,706
Net income 1 8,620 5,567 9,554 20,888 12,656 11,800 13,326 14,304
Net Debt 1 55,433 62,869 53,703 30,769 26,543 28,884 25,336 21,398
Reference price 2 295.40 273.30 250.00 295.70 265.20 278.20 278.20 278.20
Nbr of stocks (in thousands) 7,02,342 7,02,342 7,02,342 6,94,998 6,83,049 6,77,755 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.03x4.06x14.8x3.05% 34TCr
17.92x2.7x11.91x3.56% 13TCr
25.01x3.74x15.72x2.31% 7.33TCr
43.08x6.94x30.12x2.14% 5.1TCr
20.19x2.82x11.79x4.41% 3.69TCr
83.27x2.46x14.82x1.63% 3.12TCr
23.08x1.7x10.84x2.21% 2.01TCr
16.06x1.54x8.83x3.29% 1.98TCr
20.65x1.33x8.63x1.28% 1.98TCr
Average 30.03x 3.03x 14.16x 2.65% 8.02TCr
Weighted average by Cap. 24.97x 3.64x 14.85x 2.95%

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