Company Valuation: NOTE AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2023 2024 2025 2026 2027
Market Cap 1 1,691 6,603 4,304 4,290 4,100 4,100 -
Change - 290.47% - -0.34% -4.43% 0% -
Enterprise Value (EV) 1 1,691 6,603 4,304 4,509 5,720 5,438 5,224
Change - 290.47% - 4.75% 26.87% 17.71% -3.94%
P/E 14.7x 34.4x 13.5x 17.2x 18.4x 14.2x 10.5x
PBR - - - 2.57x 3.15x 2.12x 1.82x
PEG - 0.5x - -0.8x 1.2x 2.52x 0.3x
Capitalization / Revenue - - - 1.1x 1.36x 0.88x 0.77x
EV / Revenue - - - 1.16x 1.5x 1.17x 0.98x
EV / EBITDA - - - 9.51x 11.3x 8.95x 7.09x
EV / EBIT - - - 12.8x 15x 12.1x 9.48x
EV / FCF - - - - 15.8x 27.5x 17.1x
FCF Yield - - - - 6.34% 3.64% 5.86%
Dividend per Share 2 - - - - 4.64 2.69 1.75
Rate of return - - - - 3.23% 1.87% 1.22%
EPS 2 4.05 6.72 11.04 8.61 9.89 10.09 13.68
Distribution rate - - - - 48.6% 26.7% 12.8%
Net sales 1 - - - 3,901 3,814 4,634 5,306
EBITDA 1 - - - 474 504 607.4 736.6
EBIT 1 - - - 352 381 450.4 550.9
Net income 1 116 194 320 248 281 288.2 390.5
Net Debt 1 - - - 219 530 1,338 1,124
Reference price 2 59.60 231.00 148.50 148.00 143.60 143.60 143.60
Nbr of stocks (in thousands) 28,373 28,584 28,984 28,984 28,549 28,549 -
Announcement Date 18/6/21 28/1/22 22/3/24 27/1/25 26/1/26 - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.03x1.21x9.29x3.23% 425M
50.74x8x40.6x1.57% 166B
65.52x9.87x18.94x-.--% 104B
64.67x - - 0.16% 65.06B
45.52x9.18x33.9x1.05% 49.7B
8666.33x82.06x2604.91x - 46.04B
51.29x7.05x28.17x0.81% 40.19B
37.93x8.78x28.9x0.52% 36.28B
25.71x6.95x19.44x1.32% 34.1B
44.04x7.34x29.9x1% 33.56B
Average 906.68x 15.60x 312.67x 1.07% 57.58B
Weighted average by Cap. 740.71x 15.03x 262.70x 0.86%

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