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 11,506 - -
Change - -32.96% -18.26% 10.02% -2.41% -32.27% - -
Enterprise Value (EV) 1 32,434 19,355 22,663 23,542 22,309 16,864 16,282 15,704
Change - -40.33% 17.09% 3.88% -5.24% -24.41% -3.45% -3.55%
P/E 25.6x 19.9x 14.4x 14.2x 21.2x 11.1x 8.18x 7.4x
PBR 2.63x - 1.27x 1.33x 1.34x 0.87x 0.83x 0.78x
PEG - -1.4x 1.1x 1.2x -0.6x 0.4x 0.2x 0.7x
Capitalization / Revenue 1.44x 0.82x 0.59x 0.64x 0.66x 0.46x 0.44x 0.42x
EV / Revenue 1.61x 0.82x 0.84x 0.87x 0.87x 0.67x 0.62x 0.57x
EV / EBITDA 13.7x 7.96x 8.34x 8.28x 10.1x 6.73x 5.64x 5.14x
EV / EBIT 21.3x 13.4x 12.7x 12.1x 16.1x 10.2x 7.92x 7.03x
EV / FCF 22.4x - 13.8x 12.5x 10.5x 11.8x 10.2x 8.9x
FCF Yield 4.46% - 7.27% 8.02% 9.56% 8.47% 9.77% 11.2%
Dividend per Share 2 5.5 - 5.5 6 6 6.05 7.712 8.458
Rate of return 2.16% - 3.94% 3.9% 4% 5.95% 7.59% 8.32%
EPS 2 9.973 8.603 9.71 10.85 7.07 9.178 12.43 13.73
Distribution rate 55.1% - 56.6% 55.3% 84.9% 65.9% 62.1% 61.6%
Net sales 1 20,104 23,552 26,978 27,160 25,758 25,222 26,438 27,612
EBITDA 1 2,359 2,430 2,718 2,842 2,219 2,506 2,888 3,056
EBIT 1 1,523 1,444 1,779 1,941 1,387 1,657 2,057 2,233
Net income 1 1,129 974 1,100 1,229 800 1,039 1,406 1,555
Net Debt 1 3,565 - 6,842 6,135 5,321 5,358 4,776 4,198
Reference price 2 255.00 170.90 139.70 153.70 150.00 101.60 101.60 101.60
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
43.16x7.71x27.84x0.83% 84.42B
41.08x4.79x15.62x1.11% 21.68B
31.1x1.29x12.94x1.04% 15.97B
18.97x2.04x10.1x3.69% 13.66B
25.21x2.84x12.17x2.97% 11.92B
24.05x3.35x12.91x2.41% 7.55B
15.26x0.67x9.52x1.37% 6.95B
9.07x1.04x5.49x2.33% 5.45B
45.25x2.05x15.95x0.45% 5.38B
Average 28.13x 2.86x 13.62x 1.8% 19.22B
Weighted average by Cap. 35.67x 5.11x 19.99x 1.38%

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