Company Valuation: HMS Networks AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,037 15,840 23,207 21,766 21,027 24,284 - -
Change - -39.16% 46.51% -6.21% -3.39% 15.49% - -
Enterprise Value (EV) 1 26,384 16,140 23,496 25,059 23,381 26,164 25,677 25,058
Change - -38.83% 45.58% 6.65% -6.7% 11.9% -1.86% -2.41%
P/E 73.7x 31.2x 40.8x 68.4x 48.4x 34.8x 29.1x 25.8x
PBR 129x 10.4x 13.2x 7.81x 6.13x 6.12x 5.36x 4.71x
PEG - 0.7x 3.4x -1.4x 1.3x 0.6x 1.5x 2x
Capitalization / Revenue 13.2x 6.32x 7.67x 7.12x 5.88x 6.03x 5.37x 5x
EV / Revenue 13.4x 6.44x 7.77x 8.19x 6.54x 6.49x 5.68x 5.15x
EV / EBITDA 48.1x 21.2x 26.8x 31.5x 22x 21x 18.5x 16.6x
EV / EBIT 59.2x 24.7x 31.2x 49.8x 30.7x 26.8x 23x 20.2x
EV / FCF 64.7x 248x 52.8x 53.2x 31.4x 39.7x 30.4x 25.7x
FCF Yield 1.55% 0.4% 1.89% 1.88% 3.18% 2.52% 3.29% 3.89%
Dividend per Share 2 3 4 4.4 4.4 4.8 5.772 6.316 7.052
Rate of return 0.54% 1.18% 0.88% 1.01% 1.15% 1.19% 1.31% 1.46%
EPS 2 7.57 10.89 12.19 6.34 8.66 13.91 16.61 18.72
Distribution rate 39.6% 36.7% 36.1% 69.4% 55.4% 41.5% 38% 37.7%
Net sales 1 1,972 2,506 3,025 3,059 3,577 4,030 4,520 4,861
EBITDA 1 548 760 877 796 1,064 1,246 1,392 1,513
EBIT 1 446 653 753 503 762 977.9 1,118 1,238
Net income 1 355 508 571 310 435 699.1 835.3 941.3
Net Debt 1 347 300 289 3,293 2,354 1,881 1,393 774
Reference price 2 558.00 339.60 497.40 433.80 419.00 483.80 483.80 483.80
Nbr of stocks (in thousands) 46,661 46,643 46,656 50,175 50,184 50,194 - -
Announcement Date 26/01/22 26/01/23 26/01/24 28/01/25 27/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
35.32x6.54x21.38x1.15% 254.02Cr
36.82x7.67x19.8x1.39% 47TCr
53.79x18.37x38.46x-.--% 23TCr
20.57x0.85x14.92x2.19% 18TCr
40.14x12.33x31.01x0.27% 18TCr
31.52x5.97x17.48x1.14% 6.94TCr
41.99x2.68x17.43x1.42% 6.75TCr
85.58x9.97x46.02x-.--% 6.31TCr
155.52x20.02x58.78x-.--% 5.98TCr
25.7x5.55x19.22x1.69% 4.7TCr
Average 52.69x 9.00x 28.45x 0.92% 13.74TCr
Weighted average by Cap. 44.90x 9.38x 26.38x 0.99%

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

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