Company Valuation: Tele2 AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 88,993 58,714 59,923 75,591 1,07,163 1,20,855 - -
Change - -34.02% 2.06% 26.15% 41.77% 12.78% - -
Enterprise Value (EV) 1 1,18,674 89,822 89,891 1,05,924 1,36,243 1,47,412 1,47,667 1,48,873
Change - -24.31% 0.08% 17.84% 28.62% 8.2% 0.17% 0.82%
P/E ratio 20.8x 10.6x 16.1x 19.6x 23.5x 13x 20.9x 19x
PBR 2.86x 2.48x 2.63x 3.42x 4.81x 4.92x 5.3x 5.72x
PEG - 0.4x -0.5x 5.54x 1.3x 0x -0.6x 1.8x
Capitalization / Revenue 3.32x 2.09x 2.06x 2.56x 3.59x 3.98x 3.91x 3.84x
EV / Revenue 4.43x 3.2x 3.09x 3.58x 4.56x 4.86x 4.77x 4.73x
EV / EBITDA 10.9x 7.88x 7.56x 8.72x 10.2x 10.6x 10.4x 10.2x
EV / EBIT 23x 13x 15.7x 18.2x 20.6x 14.6x 18.4x 17.4x
EV / FCF 17x 19.2x 15.1x 18.2x 17.8x 14.6x 16.4x 16.1x
FCF Yield 5.87% 5.22% 6.63% 5.48% 5.61% 6.87% 6.1% 6.23%
Dividend per Share 2 6.75 19.8 6.9 6.35 10.5 10.86 11.12 12.35
Rate of return 5.23% 23.3% 7.97% 5.81% 6.79% 6.23% 6.38% 7.09%
EPS 2 6.21 8.03 5.37 5.56 6.58 13.38 8.319 9.193
Distribution rate 109% 247% 128% 114% 160% 81.1% 134% 134%
Net sales 1 26,789 28,102 29,099 29,583 29,890 30,330 30,931 31,507
EBITDA 1 10,900 11,395 11,885 12,149 13,397 13,860 14,176 14,665
EBIT 1 5,169 6,890 5,734 5,817 6,615 10,089 8,012 8,554
Net income 1 4,306 5,574 3,735 3,870 4,587 9,569 5,740 6,205
Net Debt 1 29,681 31,108 29,968 30,333 29,080 26,557 26,813 28,018
Reference price 2 129.10 85.10 86.54 109.25 154.55 174.25 174.25 174.25
Nbr of stocks (in thousands) 6,88,651 6,89,909 6,91,633 6,91,933 6,93,390 6,93,556 - -
Announcement Date 01/02/22 31/01/23 30/01/24 28/01/25 28/01/26 - - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.02x4.86x10.64x6.23% 1.28TCr
38.95x5.93x10.43x1.17% 11TCr
17.71x2.07x7.98x4.17% 6.32TCr
12.82x1.86x3.99x2.74% 2.35TCr
-115.21x9.07x11.32x2.68% 2.21TCr
14.22x2.99x6.76x3.81% 2.06TCr
-6.21x8.13x19.28x-.--% 1.7TCr
13.02x2.56x6.64x4.98% 1.29TCr
24.98x3.4x10.05x4.07% 1.16TCr
13.66x3.25x6.37x5.8% 983.13Cr
Average 2.70x 4.41x 9.35x 3.56% 3.08TCr
Weighted average by Cap. 13.93x 4.62x 9.45x 2.75%

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