Projected Income Statement: NOTE AB

Forecast Balance Sheet: NOTE AB

Forecast Balance Sheet - NOTE AB
Fiscal Period: December 2021 2023 2024 2025 2026 2027 2028
Net Debt 1 - - 219 530 1,341 1,123 813
Change - - - 142.01% 153.02% -16.26% -27.6%
Announcement Date 28/01/22 22/03/24 27/01/25 26/01/26 - - -
1SEK in Million
Estimates

Cash Flow Forecast: NOTE AB

Fiscal Period: December 2025 2026 2027 2028
CAPEX 1 146.5 137.5 131 135.5
Change - -6.15% -4.73% 3.44%
Free Cash Flow (FCF) 1 362.4 195.7 309.9 412.8
Change - -46% 58.35% 33.19%
Announcement Date 26/01/26 - - -
1SEK in Million
Estimates

Forecast Financial Ratios: NOTE AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) - - - 12.15% 13.21% 13.14% 13.96% 14.14%
EBIT Margin (%) - - - 9.02% 9.99% 9.42% 10.36% 10.55%
EBT Margin (%) - - - 7.95% 9.23% 7.67% 9.11% 9.62%
Net margin (%) - - - 6.36% 7.37% 6.19% 7.34% 7.75%
FCF margin (%) - - - - 9.5% 4.24% 5.84% 7.24%
FCF / Net Income (%) - - - - 128.98% 68.49% 79.6% 93.39%

Profitability

        
ROA - - - - - - - -
ROE - - - 18.1% 17.1% 15.77% 18.16% 17.6%

Financial Health

        
Leverage (Debt/EBITDA) - - - 0.46x 1.05x 2.21x 1.52x 1.01x
Debt / Free cash flow - - - - 1.46x 6.85x 3.62x 1.97x

Capital Intensity

        
CAPEX / Current Assets (%) - - - - 3.84% 2.98% 2.47% 2.38%
CAPEX / EBITDA (%) - - - - 29.07% 22.66% 17.7% 16.8%
CAPEX / FCF (%) - - - - 40.43% 70.26% 42.27% 32.83%

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 - - - - - 1.345 1.75 1.99
Change - - - - - - 30.11% 13.71%
Book Value Per Share 1 - - - 57.5 57.7 69.05 81.34 95.07
Change - - - - 0.35% 19.67% 17.8% 16.88%
EPS 1 6.72 - 11.04 8.61 9.89 10.01 13.64 15.48
Change - - - -22.01% 14.87% 1.18% 36.28% 13.51%
Nbr of stocks (in thousands) 28,584 - 28,984 28,984 28,549 28,549 28,549 28,549
Announcement Date 28/01/22 - 22/03/24 27/01/25 26/01/26 - - -
1SEK
Estimates
2026 *2027 *
P/E 18.1x 13.3x
PBR 2.62x 2.23x
EV / Sales 1.41x 1.19x
Yield 0.74% 0.97%

EPS & Dividend

EPS & Dividend - NOTE AB


Y-o-Y evolution of P/E

Valuation ratios - P/E - NOTE AB
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - NOTE AB
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - NOTE AB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
181.10SEK
Average target price
198.00SEK
Spread / Average Target
+9.33%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - NOTE AB