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 12,209 - -
Change - -32.96% -18.26% 10.02% -2.41% -28.13% - -
Enterprise Value (EV) 1 32,434 19,355 22,663 23,542 22,309 17,179 16,590 16,000
Change - -40.33% 17.09% 3.88% -5.24% -22.99% -3.43% -3.56%
P/E 25.6x 19.9x 14.4x 14.2x 21.2x 11x 8.39x 7.6x
PBR 2.63x - 1.27x 1.33x 1.34x 0.92x 0.88x 0.83x
PEG - -1.4x 1.1x 1.2x -0.6x 0.3x 0.3x 0.7x
Capitalization / Revenue 1.44x 0.82x 0.59x 0.64x 0.66x 0.48x 0.46x 0.44x
EV / Revenue 1.61x 0.82x 0.84x 0.87x 0.87x 0.68x 0.62x 0.57x
EV / EBITDA 13.7x 7.96x 8.34x 8.28x 10.1x 6.74x 5.66x 5.15x
EV / EBIT 21.3x 13.4x 12.7x 12.1x 16.1x 10.1x 7.85x 6.98x
EV / FCF 22.4x - 13.8x 12.5x 10.5x 12.4x 9.61x 8.51x
FCF Yield 4.46% - 7.27% 8.02% 9.56% 8.05% 10.4% 11.7%
Dividend per Share 2 5.5 - 5.5 6 6 6.812 7.912 8.698
Rate of return 2.16% - 3.94% 3.9% 4% 6.32% 7.34% 8.07%
EPS 2 9.973 8.603 9.71 10.85 7.07 9.808 12.84 14.19
Distribution rate 55.1% - 56.6% 55.3% 84.9% 69.5% 61.6% 61.3%
Net sales 1 20,104 23,552 26,978 27,160 25,758 25,387 26,626 27,877
EBITDA 1 2,359 2,430 2,718 2,842 2,219 2,549 2,932 3,108
EBIT 1 1,523 1,444 1,779 1,941 1,387 1,709 2,113 2,292
Net income 1 1,129 974 1,100 1,229 800 1,110 1,455 1,606
Net Debt 1 3,565 - 6,842 6,135 5,321 4,971 4,381 3,791
Reference price 2 255.00 170.90 139.70 153.70 150.00 107.80 107.80 107.80
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.($)
36.74x6.6x23.81x0.97% 71.87B
38.17x4.48x14.67x1.2% 20.14B
29.05x1.2x12.12x1.13% 14.86B
19.05x2.05x10.14x3.67% 13.81B
25.11x2.82x12.12x2.98% 11.97B
25.75x3.54x13.64x2.27% 7.96B
14.77x0.65x9.26x1.42% 6.73B
18.19x0.4x9.02x3.99% 5.3B
Average 25.85x 2.72x 13.10x 2.2% 19.08B
Weighted average by Cap. 31.48x 4.45x 17.63x 1.61%

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