Company Valuation: NOTE AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2023 2024 2025 2026 2027 2028
Market Cap 1 6,603 4,304 4,290 5,190 4,616 - -
Change - - -0.34% 20.99% -11.06% - -
Enterprise Value (EV) 1 6,603 4,304 4,509 5,720 6,034 5,869 5,619
Change - - 4.75% 26.87% 5.48% -2.73% -4.26%
P/E 34.4x 13.5x 17.2x 18.4x 17.2x 12.4x 10.9x
PBR - - 2.57x 3.15x 2.33x 1.99x 1.71x
PEG - - -0.8x 1.2x -3.3x 0.3x 0.8x
Capitalization / Revenue - - 1.1x 1.36x 1.02x 0.88x 0.82x
EV / Revenue - - 1.16x 1.5x 1.33x 1.12x 1x
EV / EBITDA - - 9.51x 11.3x 10.3x 8.1x 7.08x
EV / EBIT - - 12.8x 15x 14.6x 10.9x 9.51x
EV / FCF - - - 15.8x 48.8x 23.1x 16x
FCF Yield - - - 6.34% 2.05% 4.34% 6.26%
Dividend per Share 2 - - - - 1.305 1.7 1.96
Rate of return - - - - 0.81% 1.05% 1.21%
EPS 2 6.72 11.04 8.61 9.89 9.375 13.02 14.88
Distribution rate - - - - 13.9% 13.1% 13.2%
Net sales 1 - - 3,901 3,814 4,533 5,223 5,637
EBITDA 1 - - 474 504 587.3 724.4 794
EBIT 1 - - 352 381 413.1 536.4 591.1
Net income 1 194 320 248 281 267.6 371.8 424.2
Net Debt 1 - - 219 530 1,418 1,253 1,003
Reference price 2 231.00 148.50 148.00 181.80 161.70 161.70 161.70
Nbr of stocks (in thousands) 28,584 28,984 28,984 28,549 28,549 - -
Announcement Date 28/01/22 22/03/24 27/01/25 26/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.25x1.33x10.27x0.81% 47Cr
20.67x11.78x17.77x0.37% 4,99100Cr
20.79x10.17x13.72x1.18% 1,81400Cr
35.85x15.19x22.31x0.78% 1,58500Cr
4.93x3x3.35x0.08% 97TCr
3.81x2.4x2.89x2% 76TCr
90.62x15.26x57.9x-.--% 79TCr
-26.4x5.65x15.95x-.--% 32TCr
34.51x12.94x23.54x1.85% 29TCr
Average 22.45x 8.64x 18.63x 0.78% 1,27900Cr
Weighted average by Cap. 24.17x 10.74x 18.41x 0.64%

Y-o-Y evolution of P/E

Valuation ratios - P/E - NOTE AB

Historical PBR trend

Valuation ratios - PBR - NOTE AB

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - NOTE AB

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - NOTE AB


Year-on-year evolution of the Yield

Valuation ratios - Yield - NOTE AB