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 7,21,557 - -
Change - -9.37% 37.92% 2.32% 10.06% 19.88% - -
Enterprise Value (EV) 1 3,77,226 3,26,246 4,67,813 4,79,697 5,53,521 6,66,745 6,54,270 6,43,704
Change - -13.51% 43.39% 2.54% 15.39% 20.46% -1.87% -1.61%
P/E 13x 11.7x 10.7x 10.8x 17.5x 17.2x 14.2x 13.2x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.65x 3.36x 3.12x
PEG - -62.87x 0.2x 9.45x -0.6x 0.8x 0.7x 1.66x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.45x 1.33x 1.27x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.34x 1.21x 1.13x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 8.56x 7.29x 6.66x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 11.5x 9.7x 8.73x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 19.6x 16x 14.7x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.11% 6.26% 6.82%
Dividend per Share 2 13 14 18 18.5 13 15.49 18.31 19.58
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 4.37% 5.16% 5.52%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.61 24.94 26.92
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 75.2% 73.4% 72.7%
Net sales 1 3,72,216 4,73,479 5,52,764 5,26,816 4,79,183 4,97,225 5,40,812 5,69,882
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,903 89,781 96,681
EBIT 1 41,015 50,467 77,638 65,718 51,218 57,782 67,427 73,734
Net income 1 32,787 32,722 49,825 50,389 34,456 41,832 51,692 55,783
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -54,812 -67,287 -77,853
Reference price 2 209.65 188.48 261.70 268.60 295.90 354.80 354.80 354.80
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.($)
12.06x0.55x6x4.83% 1.46TCr
12.92x0.36x7.91x5.07% 381.55Cr
10.6x0.41x2.71x2.56% 288.24Cr
11.12x0.48x4.95x3.56% 222.44Cr
10.93x0.3x3.18x4.64% 202.61Cr
Average 11.53x 0.42x 4.95x 4.13% 510.2Cr
Weighted average by Cap. 11.85x 0.48x 5.60x 4.49%

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