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 1,88,509 - -
Change - -7.54% -8.54% 17.1% -11.84% 4.06% - -
Enterprise Value (EV) 1 2,62,942 2,54,740 2,29,197 2,36,268 2,07,705 2,17,191 2,13,727 2,09,788
Change - -3.12% -10.03% 3.09% -12.09% 4.57% -1.59% -1.84%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 15.6x 13.9x 12.9x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 2.08x 1.94x 1.79x
PEG - -1x 0.3x 0x -0.4x -5.05x 1.1x 1.73x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.34x 1.3x 1.26x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.55x 1.47x 1.41x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.73x 8.01x 7.5x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 12x 10.9x 10.1x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 21.7x 18.1x 16x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 4.6% 5.51% 6.23%
Dividend per Share 2 7 7.25 7.75 8.25 8.75 9.185 9.734 10.27
Rate of return 2.37% 2.65% 3.1% 2.79% 3.3% 3.31% 3.5% 3.7%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.8 20 21.5
Distribution rate 57% 91.4% 57% 27.7% 47.6% 51.6% 48.7% 47.8%
Net sales 1 1,21,867 1,56,173 1,47,147 1,45,546 1,38,494 1,40,264 1,45,325 1,49,058
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,874 26,671 27,971
EBIT 1 12,828 11,942 17,789 19,234 18,531 18,113 19,623 20,806
Net income 1 8,620 5,567 9,554 20,888 12,656 12,090 13,423 14,327
Net Debt 1 55,433 62,869 53,703 30,769 26,543 28,682 25,218 21,279
Reference price 2 295.40 273.30 250.00 295.70 265.20 277.90 277.90 277.90
Nbr of stocks (in thousands) 7,02,342 7,02,342 7,02,342 6,94,998 6,83,049 6,78,414 - -
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.($)
21.6x4.21x15.4x2.9% 34TCr
17.8x2.71x12x3.51% 13TCr
25x3.75x15.78x2.3% 7.38TCr
44.75x7.18x31.15x2.11% 5.3TCr
20.44x2.87x11.88x4.36% 3.74TCr
78.27x2.41x14.71x1.7% 2.99TCr
18.05x1.3x7.78x1.31% 1.94TCr
21.3x1.53x9.79x2.43% 1.8TCr
53.03x7.37x36.14x1.21% 1.17TCr
Average 33.36x 3.70x 17.18x 2.42% 7.99TCr
Weighted average by Cap. 25.65x 3.86x 15.75x 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