Company Valuation: NOTE AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2023 2024 2025 2026 2027
Market Cap 1 1,691 6,603 4,304 4,290 4,611 4,611 -
Change - 290.47% - -0.34% 7.48% 0% -
Enterprise Value (EV) 1 1,691 6,603 4,304 4,509 5,720 5,922 5,698
Change - 290.47% - 4.75% 26.87% 15.42% -3.78%
P/E 14.7x 34.4x 13.5x 17.2x 18.4x 14.4x 11.5x
PBR - - - 2.57x 3.15x 2.29x 1.97x
PEG - 0.5x - -0.8x 1.2x 0.8x 0.5x
Capitalization / Revenue - - - 1.1x 1.36x 0.98x 0.86x
EV / Revenue - - - 1.16x 1.5x 1.25x 1.06x
EV / EBITDA - - - 9.51x 11.3x 9.21x 7.57x
EV / EBIT - - - 12.8x 15x 12.3x 10.1x
EV / FCF - - - - 15.8x 26x 18x
FCF Yield - - - - 6.34% 3.85% 5.56%
Dividend per Share 2 - - - - 4.64 1.36 1.755
Rate of return - - - - 2.87% 0.84% 1.09%
EPS 2 4.05 6.72 11.04 8.61 9.89 11.18 14
Distribution rate - - - - 48.6% 12.2% 12.5%
Net sales 1 - - - 3,901 3,814 4,720 5,369
EBITDA 1 - - - 474 504 643.3 752.3
EBIT 1 - - - 352 381 481.4 564.3
Net income 1 116 194 320 248 281 320.3 399.8
Net Debt 1 - - - 219 530 1,311 1,087
Reference price 2 59.60 231.00 148.50 148.00 161.50 161.50 161.50
Nbr of stocks (in thousands) 28,373 28,584 28,984 28,984 28,549 28,549 -
Announcement Date 18/06/21 28/01/22 22/03/24 27/01/25 26/01/26 - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.91x1.34x10.32x2.87% 48Cr
67.09x10.67x54.07x1.19% 23TCr
77.05x9.8x18.8x-.--% 10TCr
71.32x - - 0.14% 7.28TCr
62.61x12.41x47.03x0.76% 6.59TCr
37.29x10.47x29.41x0.88% 5.3TCr
70.24x8.75x34.61x0.63% 5.04TCr
61.03x10.12x41.54x0.73% 4.6TCr
8422.22x80.2x2521.7x - 4.48TCr
42.87x9.96x34.12x0.46% 4.13TCr
Average 892.86x 17.08x 310.18x 0.85% 7.03TCr
Weighted average by Cap. 596.59x 15.38x 216.89x 0.7%

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

-40%: Exceptional extension
d
:
:
SEIZE THE OFFER!