Company Valuation: Essity AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 207,509 191,871 175,494 205,499 181,162 178,142 - -
Change - -7.54% -8.54% 17.1% -11.84% -1.67% - -
Enterprise Value (EV) 1 262,942 254,740 229,197 236,268 207,705 207,122 204,087 200,256
Change - -3.12% -10.03% 3.09% -12.09% -0.28% -1.47% -1.88%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 15.2x 13.3x 12.3x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 1.94x 1.81x 1.68x
PEG - -1x 0.3x 0x -0.4x -2.49x 0.9x 1.5x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.26x 1.22x 1.19x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.47x 1.39x 1.33x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.44x 7.7x 7.19x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 11.7x 10.5x 9.71x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 19.4x 16.9x 15.2x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 5.15% 5.9% 6.56%
Dividend per Share 2 7 7.25 7.75 8.25 8.75 9.171 9.733 10.27
Rate of return 2.37% 2.65% 3.1% 2.79% 3.3% 3.49% 3.71% 3.91%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.25 19.7 21.32
Distribution rate 57% 91.4% 57% 27.7% 47.6% 53.2% 49.4% 48.2%
Net sales 1 121,867 156,173 147,147 145,546 138,494 141,094 146,465 150,017
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,529 26,500 27,853
EBIT 1 12,828 11,942 17,789 19,234 18,531 17,714 19,407 20,630
Net income 1 8,620 5,567 9,554 20,888 12,656 11,713 13,217 14,219
Net Debt 1 55,433 62,869 53,703 30,769 26,543 28,980 25,945 22,114
Reference price 2 295.40 273.30 250.00 295.70 265.20 262.70 262.70 262.70
Nbr of stocks (in thousands) 702,342 702,342 702,342 694,998 683,049 677,842 - -
Announcement Date 26/1/22 26/1/23 25/1/24 23/1/25 22/1/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21x4.02x14.7x3.07% 332B
17.93x2.67x11.79x3.6% 133B
23.9x3.59x15.08x2.42% 70.07B
40.36x6.48x28.12x2.31% 47.73B
33.31x2.62x14.54x1.62% 34.9B
18.71x2.65x11.03x4.74% 34.17B
22.16x1.62x10.36x2.27% 20.2B
19.34x1.22x7.98x1.36% 18.6B
15.26x1.47x8.45x3.48% 18.43B
Average 23.55x 2.93x 13.56x 2.76% 78.78B
Weighted average by Cap. 22.35x 3.55x 14.45x 3.01%

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

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