Company Valuation: HMS Networks AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,037 15,840 23,207 21,766 21,027 24,173 - -
Change - -39.16% 46.51% -6.21% -3.39% 14.96% - -
Enterprise Value (EV) 1 26,384 16,140 23,496 25,059 23,381 26,093 25,570 24,953
Change - -38.83% 45.58% 6.65% -6.7% 11.6% -2% -2.41%
P/E 73.7x 31.2x 40.8x 68.4x 48.4x 34.7x 29x 25.7x
PBR 129x 10.4x 13.2x 7.81x 6.13x 6.09x 5.34x 4.69x
PEG - 0.7x 3.4x -1.4x 1.3x 0.6x 1.5x 2x
Capitalization / Revenue 13.2x 6.32x 7.67x 7.12x 5.88x 5.96x 5.36x 4.98x
EV / Revenue 13.4x 6.44x 7.77x 8.19x 6.54x 6.44x 5.67x 5.14x
EV / EBITDA 48.1x 21.2x 26.8x 31.5x 22x 21x 18.4x 16.6x
EV / EBIT 59.2x 24.7x 31.2x 49.8x 30.7x 26.8x 22.9x 20.2x
EV / FCF 64.7x 248x 52.8x 53.2x 31.4x 39.5x 30.2x 25.6x
FCF Yield 1.55% 0.4% 1.89% 1.88% 3.18% 2.53% 3.31% 3.9%
Dividend per Share 2 3 4 4.4 4.4 4.8 5.618 6.336 7.052
Rate of return 0.54% 1.18% 0.88% 1.01% 1.15% 1.17% 1.32% 1.46%
EPS 2 7.57 10.89 12.19 6.34 8.66 13.87 16.63 18.73
Distribution rate 39.6% 36.7% 36.1% 69.4% 55.4% 40.5% 38.1% 37.6%
Net sales 1 1,972 2,506 3,025 3,059 3,577 4,053 4,511 4,851
EBITDA 1 548 760 877 796 1,064 1,240 1,388 1,506
EBIT 1 446 653 753 503 762 972.3 1,117 1,236
Net income 1 355 508 571 310 435 697.8 836.5 941.9
Net Debt 1 347 300 289 3,293 2,354 1,919 1,396 779.1
Reference price 2 558.00 339.60 497.40 433.80 419.00 481.60 481.60 481.60
Nbr of stocks (in thousands) 46,661 46,643 46,656 50,175 50,184 50,194 - -
Announcement Date 26/1/22 26/1/23 26/1/24 28/1/25 27/1/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.72x6.44x21.04x1.17% 2.5B
34.52x7.2x18.6x1.48% 441B
49.42x16.77x35.12x-.--% 210B
20.82x0.86x15.13x2.13% 186B
41.12x12.6x32.07x0.26% 184B
41.43x2.65x17.22x1.44% 66.8B
31.98x6.05x17.72x1.12% 70.42B
80.48x9.38x43.28x-.--% 59.3B
141.5x18.22x53.51x-.--% 54.38B
26.23x5.68x19.64x1.66% 47.96B
Average 50.22x 8.59x 27.33x 0.93% 132.2B
Weighted average by Cap. 42.25x 8.78x 25.07x 1.03%

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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