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 5,159 - -
Change - - -0.34% 20.99% -0.61% - -
Enterprise Value (EV) 1 6,603 4,304 4,509 5,720 6,500 6,282 5,972
Change - - 4.75% 26.87% 13.63% -3.35% -4.93%
P/E 34.4x 13.5x 17.2x 18.4x 18.1x 13.3x 11.7x
PBR - - 2.57x 3.15x 2.62x 2.22x 1.9x
PEG - - -0.8x 1.2x 15.36x 0.4x 0.9x
Capitalization / Revenue - - 1.1x 1.36x 1.12x 0.97x 0.9x
EV / Revenue - - 1.16x 1.5x 1.41x 1.18x 1.05x
EV / EBITDA - - 9.51x 11.3x 10.7x 8.49x 7.4x
EV / EBIT - - 12.8x 15x 14.9x 11.4x 9.93x
EV / FCF - - - 15.8x 33.2x 20.3x 14.5x
FCF Yield - - - 6.34% 3.01% 4.93% 6.91%
Dividend per Share 2 - - - - 1.345 1.75 1.99
Rate of return - - - - 0.74% 0.97% 1.1%
EPS 2 6.72 11.04 8.61 9.89 10.01 13.64 15.48
Distribution rate - - - - 13.4% 12.8% 12.9%
Net sales 1 - - 3,901 3,814 4,616 5,304 5,703
EBITDA 1 - - 474 504 606.8 740.3 806.7
EBIT 1 - - 352 381 434.9 549.4 601.4
Net income 1 194 320 248 281 285.7 389.3 441.9
Net Debt 1 - - 219 530 1,341 1,123 813.4
Reference price 2 231.00 148.50 148.00 181.80 180.70 180.70 180.70
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.($)
17.91x1.4x10.64x0.75% 51Cr
22.85x13.06x19.7x0.33% 5,51800Cr
23x11.33x15.3x1.08% 2,00600Cr
38.63x16.33x23.98x0.73% 1,70600Cr
5.51x3.39x3.77x0.07% 1,07800Cr
105.72x19.17x72.75x-.--% 99TCr
4.07x2.54x3.07x0.25% 78TCr
-44.51x8.9x24.78x-.--% 54TCr
203.61x44.29x90.34x-.--% 27TCr
Average 41.86x 13.38x 29.37x 0.36% 1,43300Cr
Weighted average by Cap. 29.72x 12.73x 23.01x 0.43%

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