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 1,86,653 - -
Change - -7.54% -8.54% 17.1% -11.84% 3.03% - -
Enterprise Value (EV) 1 2,62,942 2,54,740 2,29,197 2,36,268 2,07,705 2,15,440 2,11,752 2,07,658
Change - -3.12% -10.03% 3.09% -12.09% 3.72% -1.71% -1.93%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 15.9x 13.9x 12.8x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 2.01x 1.89x 1.75x
PEG - -1x 0.3x 0x -0.4x -2.8x 1x 1.61x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.32x 1.28x 1.25x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.53x 1.45x 1.39x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.71x 7.94x 7.42x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 12.2x 10.9x 10x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 20.6x 17.2x 15.6x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 4.84% 5.81% 6.42%
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% 3.33% 3.53% 3.72%
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 1,40,877 1,46,015 1,49,423
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,734 26,683 28,004
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 28,787 25,099 21,005
Reference price 2 295.40 273.30 250.00 295.70 265.20 275.30 275.30 275.30
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.($)
15.89x1.53x8.71x3.33% 1.95TCr
20.96x4.05x14.76x3.06% 33TCr
17.85x2.69x11.87x3.58% 13TCr
25.11x3.75x15.77x2.3% 7.36TCr
42.79x6.89x29.91x2.16% 5.08TCr
19.96x2.79x11.68x4.46% 3.65TCr
84.8x2.5x15.05x1.6% 3.17TCr
24.1x1.78x11.34x2.12% 2.1TCr
20.79x1.35x8.71x1.27% 1.98TCr
38.98x5.5x26.96x1.87% 976.27Cr
Average 31.12x 3.28x 15.48x 2.57% 7.31TCr
Weighted average by Cap. 25.24x 3.65x 14.99x 2.94%

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