Company Valuation: Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,27,626 3,87,546 5,34,513 5,46,897 6,01,921 6,87,802 - -
Change - -9.37% 37.92% 2.32% 10.06% 14.27% - -
Enterprise Value (EV) 1 3,77,226 3,26,246 4,67,813 4,79,697 5,53,521 6,30,521 6,18,294 6,07,720
Change - -13.51% 43.39% 2.54% 15.39% 13.91% -1.94% -1.71%
P/E 13x 11.7x 10.7x 10.8x 17.5x 16.5x 13.6x 12.6x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.53x 3.25x 3.01x
PEG - -62.87x 0.2x 9.45x -0.6x 0.8x 0.6x 1.55x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.38x 1.27x 1.21x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.27x 1.14x 1.07x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 8.08x 6.88x 6.28x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 10.9x 9.16x 8.23x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 18.4x 15.1x 13.8x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.43% 6.64% 7.25%
Dividend per Share 2 13 14 18 18.5 13 15.54 18.36 19.68
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 4.57% 5.4% 5.78%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.59 24.96 26.99
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 75.5% 73.5% 72.9%
Net sales 1 3,72,216 4,73,479 5,52,764 5,26,816 4,79,183 4,97,117 5,40,390 5,69,287
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,988 89,926 96,834
EBIT 1 41,015 50,467 77,638 65,718 51,218 57,816 67,480 73,808
Net income 1 32,787 32,722 49,825 50,389 34,456 41,863 51,714 55,873
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -57,280 -69,507 -80,082
Reference price 2 209.65 188.48 261.70 268.60 295.90 340.20 340.20 340.20
Nbr of stocks (in thousands) 20,33,452 20,33,452 20,33,452 20,33,452 20,33,452 20,33,452 - -
Announcement Date 28/01/22 26/01/23 26/01/24 29/01/25 28/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.52x1.28x8.13x4.57% 7.25TCr
11.4x0.49x5.41x5.12% 1.39TCr
12.2x0.35x7.09x5.23% 368.71Cr
10.86x0.41x2.81x2.47% 285.79Cr
11.23x0.47x4.88x3.5% 221.37Cr
11.79x - - 4.3% 219.55Cr
Average 12.34x 0.60x 5.66x 4.2% 1.62TCr
Weighted average by Cap. 15.24x 1.08x 7.46x 4.58%

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