Company Valuation: RaySearch Laboratories AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,937 2,331 3,096 7,405 7,816 6,044 - -
Change - 20.35% 32.79% 139.2% 5.56% -22.68% - -
Enterprise Value (EV) 1 2,397 2,727 3,281 7,414 7,804 6,201 6,037 5,810
Change - 13.78% 20.33% 125.95% 5.26% -20.54% -2.64% -3.76%
P/E -40.9x 98.6x 37.9x 36.4x 34.3x 21.3x 17.4x 14.3x
PBR 2.98x 3.55x 4.21x 8.45x 7.93x 6.68x 5.42x 4.43x
PEG - -1x 0x 0x 2.9x 0.9x 0.8x 0.7x
Capitalization / Revenue 3.02x 2.76x 3.03x 6.21x 5.81x 4.28x 3.67x 3.25x
EV / Revenue 3.74x 3.23x 3.21x 6.22x 5.81x 4.39x 3.66x 3.12x
EV / EBITDA 12.2x 8.03x 8.2x 13.3x 13.4x 9.49x 7.98x 6.63x
EV / EBIT -44.8x 63.9x 28.6x 28.5x 26.7x 17.6x 13.5x 10.4x
EV / FCF 234x - - - 21.7x 31.8x 19.9x 14.6x
FCF Yield 0.43% - - - 4.6% 3.14% 5.02% 6.85%
Dividend per Share 2 - - 0.7 3 3 4 5.07 6.15
Rate of return - - 0.78% 1.39% 1.32% 2.27% 2.88% 3.49%
EPS 2 -1.38 0.69 2.38 5.94 6.65 8.27 10.14 12.3
Distribution rate - - 29.4% 50.5% 45.1% 48.4% 50% 50%
Net sales 1 641.1 843.6 1,022 1,192 1,344 1,412 1,648 1,862
EBITDA 1 196.7 339.7 400.1 558 583.5 653.5 756.5 876
EBIT 1 -53.5 42.7 114.9 260.5 292.3 353 448.5 556.5
Net income 1 -47.3 23.8 81.57 203.5 227.8 280 341 413
Net Debt 1 459.7 395.9 185.7 9.2 -12.5 157 -7 -234
Reference price 2 56.50 68.00 90.30 216.00 228.00 176.30 176.30 176.30
Nbr of stocks (in thousands) 34,283 34,283 34,283 34,283 34,283 34,283 - -
Announcement Date 23/2/22 28/2/23 23/2/24 21/2/25 12/2/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.32x4.39x9.49x2.27% 621M
32.5x7.29x16.14x-.--% 33.77B
75.12x64.66x80.55x0.46% 11.86B
83.21x12.28x53.31x0.7% 5.61B
-31.43x8.82x-47.73x - 2.16B
53.08x - - -.--% 1.88B
-5.72x56.22x-5.69x - 1.68B
-108.61x - - - 1.02B
5.87x - - - 847M
113x - - 1.18% 776M
Average 23.83x 25.61x 17.68x 0.77% 6.02B
Weighted average by Cap. 41.07x 21.51x 30.39x 0.22%

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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  4. Valuation RaySearch Laboratories AB