Financials Gränges AB

Equities

GRNG

SE0006288015

Aluminum

Market Closed - Nasdaq Stockholm 08:59:59 03/05/2024 pm IST 5-day change 1st Jan Change
132.4 SEK +1.92% Intraday chart for Gränges AB +4.09% +14.14%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,472 10,652 11,279 9,068 12,332 14,075 - -
Enterprise Value (EV) 1 10,937 13,944 14,922 13,445 15,565 16,539 15,891 14,551
P/E ratio 12.4 x 23.8 x 19 x 13 x 12.2 x 14.1 x 10.6 x 9.48 x
Yield - 1.1% 2.12% 2.93% 2.59% 2.4% 2.96% 3.36%
Capitalization / Revenue 0.62 x 0.97 x 0.62 x 0.37 x 0.55 x 0.62 x 0.56 x 0.54 x
EV / Revenue 0.91 x 1.27 x 0.82 x 0.55 x 0.69 x 0.72 x 0.64 x 0.56 x
EV / EBITDA 8.24 x 11.6 x 8.85 x 6.51 x 6.52 x 6.85 x 5.69 x 5 x
EV / FCF -73.4 x 16.3 x 98.2 x 123 x 7.54 x 17.2 x 11.9 x 8.8 x
FCF Yield -1.36% 6.15% 1.02% 0.81% 13.3% 5.81% 8.43% 11.4%
Price to Book 1.73 x 1.51 x 1.63 x 1.11 x 1.4 x 1.48 x 1.34 x 1.22 x
Nbr of stocks (in thousands) 75,517 1,06,309 1,06,309 1,06,309 1,06,309 1,06,309 - -
Reference price 2 98.95 100.2 106.1 85.30 116.0 132.4 132.4 132.4
Announcement Date 30/01/20 28/01/21 27/01/22 26/01/23 25/01/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 11,978 11,008 18,130 24,492 22,518 22,867 24,987 26,004
EBITDA 1 1,327 1,201 1,686 2,064 2,389 2,413 2,795 2,913
EBIT 1 866 648 1,008 1,150 1,536 1,521 1,843 1,989
Operating Margin 7.23% 5.89% 5.56% 4.7% 6.82% 6.65% 7.38% 7.65%
Earnings before Tax (EBT) 1 686 454 743 884 1,261 1,264 1,665 1,870
Net income 1 600 363 595 700 1,010 1,000 1,324 1,487
Net margin 5.01% 3.3% 3.28% 2.86% 4.49% 4.37% 5.3% 5.72%
EPS 2 7.950 4.210 5.580 6.580 9.480 9.407 12.46 13.97
Free Cash Flow 1 -149 857 152 109 2,064 960.5 1,340 1,654
FCF margin -1.24% 7.79% 0.84% 0.45% 9.17% 4.2% 5.36% 6.36%
FCF Conversion (EBITDA) - 71.36% 9.02% 5.28% 86.4% 39.8% 47.94% 56.78%
FCF Conversion (Net income) - 236.09% 25.55% 15.57% 204.36% 96.02% 101.21% 111.22%
Dividend per Share 2 - 1.100 2.250 2.500 3.000 3.183 3.916 4.451
Announcement Date 30/01/20 28/01/21 27/01/22 26/01/23 25/01/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 4,857 6,080 6,875 6,172 5,366 5,968 6,008 5,575 4,967 5,428 6,084 5,900 5,456
EBITDA 1 299 528 663 610 344 - 655 690 - 560 665 640 545.5
EBIT 1 139 357 374 345 153 401 450 439 245 356 450.5 425.5 290.5
Operating Margin 2.86% 5.87% 5.44% 5.59% 2.85% 6.72% 7.49% 7.87% 4.93% 6.56% 7.41% 7.21% 5.32%
Earnings before Tax (EBT) -46 331 380 192 60 315 366 403 177 293 - - -
Net income 1 -23 261 295 156 51 254 316 332 108 237 302.5 286.5 174.5
Net margin -0.47% 4.29% 4.29% 2.53% 0.95% 4.26% 5.26% 5.96% 2.17% 4.37% 4.97% 4.86% 3.2%
EPS 2 -0.2100 2.450 2.780 1.470 0.4800 2.380 2.970 3.120 - 2.230 2.790 2.620 1.900
Dividend per Share - - - - - - - - - - - - -
Announcement Date 27/01/22 21/04/22 15/07/22 20/10/22 26/01/23 27/04/23 14/07/23 26/10/23 25/01/24 25/04/24 - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,465 3,292 3,643 4,377 3,233 2,464 1,816 476
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.611 x 2.741 x 2.161 x 2.121 x 1.353 x 1.021 x 0.6497 x 0.1634 x
Free Cash Flow 1 -149 857 152 109 2,064 961 1,340 1,654
ROE (net income / shareholders' equity) 14.4% 7.6% 9.22% 9.25% 11.5% 10.9% 13.2% 13.5%
ROA (Net income/ Total Assets) - - 4.05% - 5.9% 5.93% 7.98% 8.02%
Assets 1 - - 14,710 - 17,109 16,879 16,601 18,538
Book Value Per Share 2 57.10 66.50 65.20 77.10 82.70 89.20 98.90 109.0
Cash Flow per Share 2 19.10 16.40 7.840 10.40 30.90 21.40 20.00 21.80
Capex 1 1,590 557 836 993 1,227 1,108 817 725
Capex / Sales 13.27% 5.06% 4.61% 4.05% 5.45% 4.85% 3.27% 2.79%
Announcement Date 30/01/20 28/01/21 27/01/22 26/01/23 25/01/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
132.4 SEK
Average target price
146.7 SEK
Spread / Average Target
+10.78%
Consensus
  1. Stock Market
  2. Equities
  3. GRNG Stock
  4. Financials Gränges AB
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