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 4,077 4,077 -
Change - 290.47% - -0.34% -4.96% 0% -
Enterprise Value (EV) 1 1,691 6,603 4,304 4,509 5,720 5,415 5,201
Change - 290.47% - 4.75% 26.87% 17.79% -3.95%
P/E 14.7x 34.4x 13.5x 17.2x 18.4x 14.2x 10.4x
PBR - - - 2.57x 3.15x 2.11x 1.81x
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 8.92x 7.06x
EV / EBIT - - - 12.8x 15x 12x 9.44x
EV / FCF - - - - 15.8x 27.4x 17x
FCF Yield - - - - 6.34% 3.65% 5.88%
Dividend per Share 2 - - - - 4.64 2.69 1.75
Rate of return - - - - 3.25% 1.88% 1.23%
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 59.60 231.00 148.50 148.00 142.80 142.80 142.80
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.($)
14.95x1.2x9.25x3.25% 421M
49.92x7.9x39.93x1.59% 165B
67.5x10.15x19.48x-.--% 108B
58.2x - - 0.17% 58.61B
44.51x8.98x33.15x1.07% 48.75B
9122.22x86.44x2744.03x - 48.51B
47.94x6.64x26.5x0.88% 38.09B
34.13x7.91x26.04x0.58% 32.69B
23.85x6.58x18.44x1.42% 31.86B
42.77x7.13x29.04x1.03% 32.63B
Average 950.60x 15.88x 327.32x 1.11% 56.42B
Weighted average by Cap. 830.69x 15.79x 290.36x 0.89%

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