VOLVO CAR AB |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 35.36 SEK | +5.43% |
|
-10.05% | +8.60% |
| 11:47am | Volvo Cars Hires Banks for Potential Green Bond Offering | MT |
| 26/04 | TAKE A LOOK-Beijing auto show | RE |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 2,29,483 | 1,41,170 | 97,013 | 99,933 | - | - |
| Enterprise Value (EV) 1 | 1,91,608 | 1,09,454 | 75,512 | 78,772 | 74,690 | 62,349 |
| P/E ratio | 16.3 x | 9.06 x | 7.43 x | 5.84 x | 4.58 x | 3.91 x |
| Yield | - | - | - | - | 0.78% | 2.38% |
| Capitalization / Revenue | 0.81 x | 0.43 x | 0.24 x | 0.23 x | 0.21 x | 0.19 x |
| EV / Revenue | 0.68 x | 0.33 x | 0.19 x | 0.18 x | 0.16 x | 0.12 x |
| EV / EBITDA | 5.43 x | 2.85 x | 1.99 x | 1.78 x | 1.53 x | 1.1 x |
| EV / FCF | 29.4 x | 73.6 x | 20.4 x | 117 x | 14.5 x | 5.58 x |
| FCF Yield | 3.41% | 1.36% | 4.9% | 0.85% | 6.91% | 17.9% |
| Price to Book | 2.54 x | 1.24 x | 0.77 x | 0.7 x | 0.61 x | 0.52 x |
| Nbr of stocks (in thousands) | 29,79,524 | 29,79,524 | 29,79,524 | 29,79,524 | - | - |
| Reference price 2 | 77.02 | 47.38 | 32.56 | 33.54 | 33.54 | 33.54 |
| Announcement Date | 11/02/22 | 08/02/23 | 01/02/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,62,833 | 2,82,045 | 3,30,145 | 3,99,343 | 4,31,054 | 4,78,032 | 5,12,983 |
| EBITDA 1 | - | 35,280 | 38,423 | 37,988 | 44,195 | 48,874 | 56,497 |
| EBIT 1 | - | 20,275 | 22,332 | 20,539 | 25,598 | 29,651 | 34,037 |
| Operating Margin | - | 7.19% | 6.76% | 5.14% | 5.94% | 6.2% | 6.64% |
| Earnings before Tax (EBT) 1 | - | 18,760 | 20,815 | 20,860 | 26,246 | 30,891 | 39,302 |
| Net income 1 | 5,834 | 12,546 | 15,577 | 13,053 | 17,484 | 21,905 | 27,743 |
| Net margin | 2.22% | 4.45% | 4.72% | 3.27% | 4.06% | 4.58% | 5.41% |
| EPS 2 | - | 4.720 | 5.230 | 4.380 | 5.747 | 7.329 | 8.582 |
| Free Cash Flow 1 | - | 6,528 | 1,487 | 3,702 | 672 | 5,160 | 11,164 |
| FCF margin | - | 2.31% | 0.45% | 0.93% | 0.16% | 1.08% | 2.18% |
| FCF Conversion (EBITDA) | - | 18.5% | 3.87% | 9.75% | 1.52% | 10.56% | 19.76% |
| FCF Conversion (Net income) | - | 52.03% | 9.55% | 28.36% | 3.84% | 23.56% | 40.24% |
| Dividend per Share 2 | - | - | - | - | - | 0.2606 | 0.7989 |
| Announcement Date | 04/02/21 | 11/02/22 | 08/02/23 | 01/02/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 80,076 | 74,269 | 71,300 | 79,329 | 1,05,247 | 95,705 | 1,02,152 | 92,045 | 1,09,441 | 93,878 | 98,513 | 94,613 | 1,21,757 | 1,23,103 | 1,25,386 |
| EBITDA 1 | 7,425 | 10,023 | 14,821 | 6,055 | 7,524 | 9,229 | 9,198 | 8,651 | 10,310 | 10,124 | 8,372 | 9,700 | 10,978 | 12,902 | 13,826 |
| EBIT 1 | 3,708 | 6,000 | 10,800 | 2,050 | 3,443 | 5,100 | 4,993 | 4,458 | 5,388 | 4,706 | 5,015 | 5,191 | 8,065 | 6,290 | 6,823 |
| Operating Margin | 4.63% | 8.08% | 15.15% | 2.58% | 3.27% | 5.33% | 4.89% | 4.84% | 4.92% | 5.01% | 5.09% | 5.49% | 6.62% | 5.11% | 5.44% |
| Earnings before Tax (EBT) 1 | 3,691 | 5,783 | 9,999 | 1,917 | 3,116 | 5,384 | 5,373 | 4,722 | 5,381 | 5,098 | 7,478 | 5,100 | 8,848 | 6,527 | 7,065 |
| Net income 1 | 2,115 | 3,853 | 8,935 | 333 | 2,456 | 3,611 | 3,332 | 3,001 | 3,109 | 3,342 | 2,002 | 2,962 | 5,046 | 6,338 | 6,338 |
| Net margin | 2.64% | 5.19% | 12.53% | 0.42% | 2.33% | 3.77% | 3.26% | 3.26% | 2.84% | 3.56% | 2.03% | 3.13% | 4.14% | 5.15% | 5.05% |
| EPS 2 | 0.6600 | 1.290 | 3.000 | 0.1100 | 0.8200 | 1.210 | 1.120 | 1.010 | 1.040 | 1.120 | 1.009 | 1.095 | 1.526 | 1.680 | 1.820 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.064 |
| Announcement Date | 11/02/22 | 28/04/22 | 20/07/22 | 27/10/22 | 08/02/23 | 27/04/23 | 20/07/23 | 26/10/23 | 01/02/24 | 24/04/24 | - | - | - | - | - |
1SEK in Million2SEK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 37,875 | 31,716 | 21,501 | 21,161 | 25,243 | 37,584 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 6,528 | 1,487 | 3,702 | 672 | 5,161 | 11,165 |
| ROE (net income / shareholders' equity) | - | 16.7% | 15.3% | 10.9% | 12.6% | 14.1% | 15% |
| ROA (Net income/ Total Assets) | - | 4.59% | 5.07% | 3.8% | 4.94% | 5.47% | 6.24% |
| Assets 1 | - | 2,73,068 | 3,07,141 | 3,43,643 | 3,54,002 | 4,00,204 | 4,44,594 |
| Book Value Per Share 2 | - | 30.30 | 38.20 | 42.40 | 47.90 | 55.10 | 64.60 |
| Cash Flow per Share 2 | - | 11.20 | 11.30 | 14.40 | 13.00 | 14.10 | 16.00 |
| Capex 1 | - | 23,324 | 32,112 | 39,165 | 41,263 | 42,513 | 39,551 |
| Capex / Sales | - | 8.27% | 9.73% | 9.81% | 9.57% | 8.89% | 7.71% |
| Announcement Date | 04/02/21 | 11/02/22 | 08/02/23 | 01/02/24 | - | - | - |
1SEK in Million2SEK
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
11
Last Close Price
33.54
SEK
Average target price
39.18
SEK
Spread / Average Target
+16.82%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.60% | 9.11B | |
| -19.78% | 1.43B | |
| +7.68% | 790M | |
| +15.57% | 397M | |
| +22.64% | 121M | |
| -7.75% | 87.74M | |
| 0.00% | 76.21M |
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- Financials Volvo Car AB
