Company Valuation: Afry AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,869 19,355 15,821 17,407 16,988 12,605 - -
Change - -32.96% -18.26% 10.02% -2.41% -25.8% - -
Enterprise Value (EV) 1 32,434 19,355 22,663 23,542 22,309 17,566 16,974 16,384
Change - -40.33% 17.09% 3.88% -5.24% -21.26% -3.37% -3.47%
P/E 25.6x 19.9x 14.4x 14.2x 21.2x 11.3x 8.64x 7.83x
PBR 2.63x - 1.27x 1.33x 1.34x 0.95x 0.9x 0.85x
PEG - -1.4x 1.1x 1.2x -0.6x 0.3x 0.3x 0.8x
Capitalization / Revenue 1.44x 0.82x 0.59x 0.64x 0.66x 0.5x 0.47x 0.45x
EV / Revenue 1.61x 0.82x 0.84x 0.87x 0.87x 0.69x 0.64x 0.59x
EV / EBITDA 13.7x 7.96x 8.34x 8.28x 10.1x 6.88x 5.78x 5.27x
EV / EBIT 21.3x 13.4x 12.7x 12.1x 16.1x 10.3x 8.01x 7.14x
EV / FCF 22.4x - 13.8x 12.5x 10.5x 12.7x 9.8x 8.7x
FCF Yield 4.46% - 7.27% 8.02% 9.56% 7.9% 10.2% 11.5%
Dividend per Share 2 5.5 - 5.5 6 6 6.832 7.952 8.718
Rate of return 2.16% - 3.94% 3.9% 4% 6.14% 7.14% 7.83%
EPS 2 9.973 8.603 9.71 10.85 7.07 9.828 12.88 14.21
Distribution rate 55.1% - 56.6% 55.3% 84.9% 69.5% 61.7% 61.4%
Net sales 1 20,104 23,552 26,978 27,160 25,758 25,360 26,598 27,847
EBITDA 1 2,359 2,430 2,718 2,842 2,219 2,552 2,937 3,110
EBIT 1 1,523 1,444 1,779 1,941 1,387 1,713 2,119 2,296
Net income 1 1,129 974 1,100 1,229 800 1,113 1,460 1,609
Net Debt 1 3,565 - 6,842 6,135 5,321 4,961 4,369 3,779
Reference price 2 255.00 170.90 139.70 153.70 150.00 111.30 111.30 111.30
Nbr of stocks (in thousands) 113,212 113,252 113,252 113,252 113,252 113,252 - -
Announcement Date 2/4/22 2/10/23 2/2/24 2/7/25 2/5/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
36.47x6.52x23.63x0.98% 71.31B
39.37x4.71x15.38x1.14% 21.25B
29.77x1.22x12.38x1.1% 15.23B
19.11x2.05x10.13x3.66% 13.83B
25.11x2.82x12.12x2.98% 11.91B
26.63x3.64x14.05x2.19% 8.21B
15.17x0.66x9.45x1.39% 6.91B
18.05x0.39x8.84x4.07% 5.17B
Average 26.21x 2.75x 13.25x 2.19% 19.23B
Weighted average by Cap. 31.67x 4.44x 17.63x 1.6%

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