Company Valuation: Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 427,626 387,546 534,513 546,897 601,921 644,903 - -
Change - -9.37% 37.92% 2.32% 10.06% 7.14% - -
Enterprise Value (EV) 1 377,226 326,246 467,813 479,697 553,521 587,360 573,268 561,858
Change - -13.51% 43.39% 2.54% 15.39% 6.11% -2.4% -1.99%
P/E 13x 11.7x 10.7x 10.8x 17.5x 15.3x 12.6x 11.5x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.27x 2.98x 2.76x
PEG - -62.87x 0.2x 9.45x -0.6x 0.7x 0.6x 1.21x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.3x 1.19x 1.13x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.18x 1.06x 0.99x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 7.54x 6.39x 5.81x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 10.2x 8.37x 7.47x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 18.1x 13.8x 12.2x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.53% 7.24% 8.23%
Dividend per Share 2 13 14 18 18.5 13 15.29 18.33 19.85
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 4.83% 5.79% 6.27%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.69 25.15 27.53
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 73.9% 72.9% 72.1%
Net sales 1 372,216 473,479 552,764 526,816 479,183 497,231 542,012 569,824
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,914 89,690 96,739
EBIT 1 41,015 50,467 77,638 65,718 51,218 57,483 68,456 75,182
Net income 1 32,787 32,722 49,825 50,389 34,456 42,172 51,348 56,019
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -57,543 -71,635 -83,045
Reference price 2 209.65 188.48 261.70 268.60 295.90 316.80 316.80 316.80
Nbr of stocks (in thousands) 2,033,452 2,033,452 2,033,452 2,033,452 2,033,452 2,033,452 - -
Announcement Date 28/1/22 26/1/23 26/1/24 29/1/25 28/1/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.65x3.64x16.19x1.12% 253B
36.62x5.66x30.84x0.99% 179B
15.31x1.18x7.54x4.83% 65.86B
17.82x1.52x12.5x3.09% 55.02B
29.83x4.2x17.52x0.45% 46.73B
14x1.44x8.27x3.14% 35.39B
11.45x1.07x10.65x4.56% 35.74B
29.85x4.34x17.25x1.67% 28.45B
12.53x0.39x3.96x3.92% 26.32B
Average 20.90x 2.60x 13.86x 2.64% 80.61B
Weighted average by Cap. 23.77x 3.46x 17.76x 1.92%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Volvo

Historical PBR trend

Valuation ratios - PBR - Volvo

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Volvo

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Volvo


Year-on-year evolution of the Yield

Valuation ratios - Yield - Volvo