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 1,87,275 - -
Change - -7.54% -8.54% 17.1% -11.84% 3.37% - -
Enterprise Value (EV) 1 2,62,942 2,54,740 2,29,197 2,36,268 2,07,705 2,15,952 2,12,334 2,08,307
Change - -3.12% -10.03% 3.09% -12.09% 3.97% -1.68% -1.9%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 16x 13.9x 12.9x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 2.02x 1.9x 1.76x
PEG - -1x 0.3x 0x -0.4x -2.75x 0.9x 1.62x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.33x 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 7.96x 7.44x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 12.2x 10.9x 10.1x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 20.7x 17.3x 15.6x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 4.83% 5.79% 6.4%
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% 3.32% 3.52% 3.71%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.3 19.86 21.44
Distribution rate 57% 91.4% 57% 27.7% 47.6% 53% 49% 47.8%
Net sales 1 1,21,867 1,56,173 1,47,147 1,45,546 1,38,494 1,40,967 1,46,109 1,49,531
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,794 26,685 28,011
EBIT 1 12,828 11,942 17,789 19,234 18,531 17,671 19,490 20,709
Net income 1 8,620 5,567 9,554 20,888 12,656 11,788 13,324 14,304
Net Debt 1 55,433 62,869 53,703 30,769 26,543 28,677 25,059 21,033
Reference price 2 295.40 273.30 250.00 295.70 265.20 276.30 276.30 276.30
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.71x4.22x15.46x2.89% 34TCr
17.65x2.69x11.91x3.56% 13TCr
24.62x3.7x15.54x2.32% 7.26TCr
44.63x7.16x31.07x2.11% 5.23TCr
20.23x2.84x11.79x4.4% 3.7TCr
77.99x2.32x13.97x1.75% 2.9TCr
17.99x1.3x7.75x1.31% 1.93TCr
21.35x1.54x9.81x2.42% 1.78TCr
44.98x6.51x31.11x1.6% 1.13TCr
Average 32.35x 3.59x 16.49x 2.49% 7.93TCr
Weighted average by Cap. 25.41x 3.84x 15.61x 2.86%

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