Company Valuation: AddTech AB

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 49,044 51,837 65,762 79,013 85,738 92,853 - -
Change - 5.7% 26.86% 20.15% 8.51% 8.3% - -
Enterprise Value (EV) 1 52,791 55,944 70,189 84,031 91,396 97,087 95,105 93,029
Change - 5.97% 25.46% 19.72% 8.77% 6.23% -2.04% -2.18%
P/E 46.1x 34.6x 40.3x 41.8x 39.9x 37.3x 32.9x 30.2x
PBR 12.5x 9.99x 11x 11.9x 11x 9.38x 7.95x 7.07x
PEG - 0.9x 4.47x 2.7x 2.9x 2.3x 2.5x 3.34x
Capitalization / Revenue 3.49x 2.77x 3.28x 3.63x 3.78x 3.73x 3.47x 3.25x
EV / Revenue 3.76x 2.99x 3.51x 3.86x 4.03x 3.9x 3.55x 3.25x
EV / EBITDA 25.4x 19.5x 21.6x 22.8x 22.3x 21.1x 18.9x 17.1x
EV / EBIT 35.2x 25.8x 28.9x 30.5x 29.6x 27.7x 24.3x 22x
EV / FCF 52.5x 32.4x 29.3x 33.4x 32.4x 35x 28.7x 25.8x
FCF Yield 1.9% 3.09% 3.41% 2.99% 3.09% 2.86% 3.48% 3.88%
Dividend per Share 2 1.8 2.5 2.8 3.2 3.6 3.877 4.305 4.681
Rate of return 0.99% 1.3% 1.15% 1.09% 1.13% 1.13% 1.25% 1.36%
EPS 2 3.95 5.55 6.05 7 7.95 9.216 10.44 11.39
Distribution rate 45.6% 45% 46.3% 45.7% 45.3% 42.1% 41.2% 41.1%
Net sales 1 14,038 18,714 20,019 21,796 22,703 24,885 26,780 28,608
EBITDA 1 2,077 2,872 3,245 3,692 4,100 4,594 5,036 5,439
EBIT 1 1,501 2,167 2,426 2,757 3,085 3,503 3,908 4,232
Net income 1 1,074 1,495 1,632 1,892 2,147 2,492 2,826 3,081
Net Debt 1 3,747 4,107 4,427 5,018 5,658 4,234 2,252 176
Reference price 2 182.00 192.30 243.80 292.80 317.60 343.80 343.80 343.80
Nbr of stocks (in thousands) 269,474 269,565 269,737 269,852 269,957 270,079 - -
Announcement Date 5/17/22 5/17/23 5/16/24 5/15/25 5/20/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.32x0.97x15.23x2.65% 109B
15.42x1.19x14.79x2.05% 95.32B
13.73x1.24x19.19x2.85% 88.11B
12.29x1.47x16.02x2.4% 51.92B
12.46x1.15x18.92x2.54% 48.73B
15.67x0.63x9.64x1.78% 43.19B
20.91x1.16x10.72x0.91% 41.08B
58.23x3.23x21.06x0.04% 39.77B
17.9x0.89x9.11x3% 11.1B
Average 20.10x 1.32x 14.96x 2.02% 58.69B
Weighted average by Cap. 18.05x 1.27x 15.73x 2.15%

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