Company Valuation: AB Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 427,626 387,546 534,513 546,897 601,921 653,674 - -
Change - -9.37% 37.92% 2.32% 10.06% 8.6% - -
Enterprise Value (EV) 1 377,226 326,246 467,813 479,697 553,521 595,907 582,039 570,629
Change - -13.51% 43.39% 2.54% 15.39% 7.66% -2.33% -1.96%
P/E 13x 11.7x 10.7x 10.8x 17.5x 15.5x 12.7x 11.6x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.31x 3.02x 2.8x
PEG - -62.87x 0.2x 9.45x -0.6x 0.7x 0.6x 1.22x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.31x 1.2x 1.14x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.2x 1.07x 1x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 7.64x 6.47x 5.88x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 10.4x 8.48x 7.56x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 18.3x 14x 12.3x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.45% 7.13% 8.1%
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% 4.76% 5.71% 6.18%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.69 25.2 27.6
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 73.9% 72.7% 71.9%
Net sales 1 372,216 473,479 552,764 526,816 479,183 497,231 543,804 572,243
EBITDA 1 59,735 71,196 98,865 88,266 74,704 78,046 89,934 96,990
EBIT 1 41,015 50,467 77,638 65,718 51,218 57,483 68,672 75,461
Net income 1 32,787 32,722 49,825 50,389 34,456 42,172 51,465 56,172
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -57,766 -71,635 -83,045
Reference price 2 209.65 188.48 261.70 268.60 295.90 321.20 321.20 321.20
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 1/28/22 1/26/23 1/26/24 1/29/25 1/28/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.52x1.2x7.64x4.76% 66.05B
21.82x3.82x16.99x1.06% 267B
37.97x5.82x31.7x0.95% 185B
18x1.54x12.66x3.06% 55.58B
32.51x4.54x18.92x0.41% 50.93B
12.18x1.08x11x4.44% 36.12B
13.66x1.42x8.19x3.21% 34.41B
30.52x4.42x17.59x1.65% 28.75B
12.56x0.47x4.92x3.97% 26.4B
16.64x1.33x8.55x3% 25.18B
Average 21.14x 2.56x 13.81x 2.65% 78B
Weighted average by Cap. 24.60x 3.55x 18.19x 1.89%

Y-o-Y evolution of P/E

Valuation ratios - P/E - AB Volvo

Historical PBR trend

Valuation ratios - PBR - AB Volvo

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - AB Volvo

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - AB Volvo


Year-on-year evolution of the Yield

Valuation ratios - Yield - AB Volvo