Financials AB SKF Deutsche Boerse AG

Equities

SKFB

SE0000108227

Industrial Machinery & Equipment

Market Closed - Deutsche Boerse AG 02:23:53 2024-07-17 EDT 5-day change 1st Jan Change
18.47 EUR +1.15% Intraday chart for AB SKF +2.33% +0.60%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 86,224 97,191 97,825 72,476 91,712 97,972 - -
Enterprise Value (EV) 1 108,400 115,651 115,185 91,510 107,903 109,242 106,072 102,718
P/E ratio 15.5 x 22.6 x 13.3 x 16.2 x 14.3 x 13.4 x 11.6 x 10.4 x
Yield 3.3% 3.05% 3.26% 4.4% 3.48% 3.72% 4.08% 4.42%
Capitalization / Revenue 1 x 1.3 x 1.2 x 0.75 x 0.88 x 0.98 x 0.94 x 0.92 x
EV / Revenue 1.26 x 1.55 x 1.41 x 0.94 x 1.04 x 1.1 x 1.02 x 0.96 x
EV / EBITDA 8.41 x 11 x 8.14 x 6.54 x 6.25 x 6.62 x 5.94 x 5.48 x
EV / FCF 21.7 x 23.7 x 54.9 x 310 x 13.6 x 13.7 x 14.2 x 11.8 x
FCF Yield 4.61% 4.22% 1.82% 0.32% 7.34% 7.32% 7.04% 8.46%
Price to Book 2.43 x 2.83 x 2.24 x 1.4 x 1.74 x 1.69 x 1.56 x 1.44 x
Nbr of stocks (in thousands) 455,351 455,351 455,351 455,351 455,351 455,351 - -
Reference price 2 189.4 213.4 214.5 159.2 201.3 215.1 215.1 215.1
Announcement Date 2/4/20 2/2/21 2/3/22 2/2/23 1/31/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 86,013 74,852 81,732 96,933 103,881 99,613 103,866 107,065
EBITDA 1 12,892 10,470 14,149 13,988 17,274 16,502 17,860 18,741
EBIT 1 10,136 9,194 10,839 10,204 12,977 12,473 13,544 14,242
Operating Margin 11.78% 12.28% 13.26% 10.53% 12.49% 12.52% 13.04% 13.3%
Earnings before Tax (EBT) 1 8,469 6,300 10,063 7,293 9,181 10,672 12,166 12,977
Net income 1 5,557 4,298 7,331 4,469 6,395 7,385 8,623 9,338
Net margin 6.46% 5.74% 8.97% 4.61% 6.16% 7.41% 8.3% 8.72%
EPS 2 12.20 9.440 16.09 9.810 14.04 16.01 18.58 20.61
Free Cash Flow 1 4,992 4,885 2,100 295 7,916 7,996 7,464 8,694
FCF margin 5.8% 6.53% 2.57% 0.3% 7.62% 8.03% 7.19% 8.12%
FCF Conversion (EBITDA) 38.72% 46.66% 14.84% 2.11% 45.83% 48.46% 41.79% 46.39%
FCF Conversion (Net income) 89.83% 113.66% 28.65% 6.6% 123.78% 108.28% 86.56% 93.1%
Dividend per Share 2 6.250 6.500 7.000 7.000 7.000 7.993 8.785 9.517
Announcement Date 2/4/20 2/2/21 2/3/22 2/2/23 1/31/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 20,986 22,942 23,655 24,975 25,361 26,549 27,123 25,771 24,438 24,699 25,613 24,907 24,791 25,989 26,188
EBITDA 1 3,479 3,814 3,371 3,108 3,591 4,476 4,555 4,035 4,208 4,375 4,271 4,118 4,234 4,519 4,497
EBIT 1 2,260 3,058 2,473 2,131 2,542 3,478 3,614 2,956 2,929 3,303 3,282 3,025 3,121 3,526 3,377
Operating Margin 10.77% 13.33% 10.45% 8.53% 10.02% 13.1% 13.32% 11.47% 11.99% 13.37% 12.81% 12.15% 12.59% 13.57% 12.9%
Earnings before Tax (EBT) 1 2,328 2,885 1,097 1,618 1,693 2,942 2,830 2,193 1,216 2,722 2,845 2,494 2,621 3,116 3,197
Net income 1 1,705 1,984 493 1,099 893 2,073 2,042 1,657 623 1,888 1,928 1,788 1,904 2,337 2,475
Net margin 8.12% 8.65% 2.08% 4.4% 3.52% 7.81% 7.53% 6.43% 2.55% 7.64% 7.53% 7.18% 7.68% 8.99% 9.45%
EPS 2 3.740 4.360 1.080 2.410 1.960 4.550 4.480 3.640 1.370 4.150 4.269 3.926 4.061 4.788 4.973
Dividend per Share 2 7.000 - - - 7.000 - - - - - - - 5.428 4.937 -
Announcement Date 2/3/22 4/26/22 7/20/22 10/25/22 2/2/23 4/27/23 7/19/23 10/27/23 1/31/24 4/26/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 22,176 18,460 17,360 19,034 16,191 11,269 8,100 4,745
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.72 x 1.763 x 1.227 x 1.361 x 0.9373 x 0.6829 x 0.4535 x 0.2532 x
Free Cash Flow 1 4,992 4,885 2,100 295 7,916 7,996 7,464 8,694
ROE (net income / shareholders' equity) 17.6% 12.3% 18.8% 9.35% 12.2% 14% 14.5% 14.5%
ROA (Net income/ Total Assets) 6.69% 4.65% 7.71% 4.25% 5.74% 6.77% 7.09% 7.38%
Assets 1 83,066 92,333 95,093 105,274 111,413 109,037 121,560 126,522
Book Value Per Share 2 78.00 75.30 95.80 114.0 116.0 127.0 138.0 149.0
Cash Flow per Share 2 20.60 18.10 11.50 12.40 30.30 27.10 27.30 28.60
Capex 1 4,418 3,380 3,933 5,389 5,960 5,587 5,408 4,972
Capex / Sales 5.14% 4.52% 4.81% 5.56% 5.74% 5.61% 5.21% 4.64%
Announcement Date 2/4/20 2/2/21 2/3/22 2/2/23 1/31/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
215.1 SEK
Average target price
236.8 SEK
Spread / Average Target
+10.07%
Consensus