Financials Afry AB

Equities

AFRY

SE0005999836

Business Support Services

Market Closed - Nasdaq Stockholm 12:00:00 2024-06-26 EDT 5-day change 1st Jan Change
182.1 SEK -0.65% Intraday chart for Afry AB -1.57% +30.35%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 24,367 28,392 28,869 19,355 15,821 20,623 - -
Enterprise Value (EV) 1 28,791 31,148 32,434 19,355 22,663 26,356 25,701 24,875
P/E ratio 27.4 x 28.5 x 25.6 x 19.9 x 14.4 x 15.4 x 12.7 x 11.1 x
Yield - 1.99% 2.16% - 3.94% 3.43% 3.86% 4.33%
Capitalization / Revenue 1.23 x 1.5 x 1.44 x 0.82 x 0.59 x 0.75 x 0.71 x 0.67 x
EV / Revenue 1.45 x 1.64 x 1.61 x 0.82 x 0.84 x 0.96 x 0.88 x 0.81 x
EV / EBITDA 14.2 x 13.8 x 13.7 x 7.96 x 8.34 x 8.8 x 7.79 x 6.92 x
EV / FCF 16 x 16.3 x 22.4 x - 13.8 x 15.8 x 14.3 x 12.7 x
FCF Yield 6.24% 6.14% 4.46% - 7.27% 6.35% 7% 7.85%
Price to Book 2.62 x 2.81 x 2.63 x - 1.27 x 1.57 x 1.47 x 1.39 x
Nbr of stocks (in thousands) 111,471 113,024 113,212 113,252 113,252 113,252 - -
Reference price 2 218.6 251.2 255.0 170.9 139.7 183.3 183.3 183.3
Announcement Date 20-02-07 21-02-05 22-02-04 23-02-10 24-02-02 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 19,792 18,991 20,104 23,552 26,978 27,583 29,105 30,728
EBITDA 1 2,024 2,253 2,359 2,430 2,718 2,994 3,301 3,594
EBIT 1 1,276 1,456 1,523 1,444 1,779 2,065 2,363 2,639
Operating Margin 6.45% 7.67% 7.58% 6.13% 6.59% 7.48% 8.12% 8.59%
Earnings before Tax (EBT) 1 1,039 1,270 1,393 1,220 1,441 1,740 2,095 2,392
Net income 1 821 992 1,129 974 1,100 1,350 1,639 1,874
Net margin 4.15% 5.22% 5.62% 4.14% 4.08% 4.89% 5.63% 6.1%
EPS 2 7.990 8.820 9.973 8.603 9.710 11.93 14.48 16.55
Free Cash Flow 1 1,796 1,911 1,446 - 1,647 1,673 1,800 1,952
FCF margin 9.07% 10.06% 7.19% - 6.1% 6.07% 6.18% 6.35%
FCF Conversion (EBITDA) 88.74% 84.82% 61.3% - 60.6% 55.89% 54.53% 54.31%
FCF Conversion (Net income) 218.76% 192.64% 128.08% - 149.73% 123.94% 109.81% 104.16%
Dividend per Share 2 - 5.000 5.500 - 5.500 6.281 7.068 7.932
Announcement Date 20-02-07 21-02-05 22-02-04 23-02-10 24-02-02 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 5,509 5,670 5,975 5,298 6,609 6,916 6,869 6,059 7,135 6,891 7,138 6,224 7,375 7,427 7,528
EBITDA 1 640 526 602 549 753 881 594 509 732 757 722.1 624.4 823.2 899 769
EBIT 1 416 317 335 265 527 646 363 270 501 541 542.5 412.6 582.6 685 602
Operating Margin 7.55% 5.59% 5.61% 5% 7.97% 9.34% 5.28% 4.46% 7.02% 7.85% 7.6% 6.63% 7.9% 9.22% 8%
Earnings before Tax (EBT) 1 371 290 237 218 475 568 287 196 391 471 472.9 365.1 476.7 614 531
Net income 1 301 223 173 180 398 436 201 150 314 355 368.9 284.8 371.2 479 414
Net margin 5.46% 3.93% 2.9% 3.4% 6.02% 6.3% 2.93% 2.48% 4.4% 5.15% 5.17% 4.57% 5.03% 6.45% 5.5%
EPS 2 2.663 1.970 1.533 1.593 3.513 3.850 1.770 1.320 2.770 3.130 3.261 2.353 3.308 4.230 3.660
Dividend per Share 5.500 - - - - - - - - - - - - - -
Announcement Date 22-02-04 22-04-28 22-07-14 22-10-28 23-02-10 23-04-27 23-07-18 23-10-27 24-02-02 24-04-23 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,424 2,756 3,565 - 6,842 5,733 5,078 4,252
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.186 x 1.223 x 1.511 x - 2.517 x 1.915 x 1.539 x 1.183 x
Free Cash Flow 1 1,796 1,911 1,446 - 1,647 1,673 1,800 1,952
ROE (net income / shareholders' equity) 10.6% 10.1% 10.8% - 8.8% 10.8% 12.2% 13.1%
ROA (Net income/ Total Assets) 4.37% 4.13% 4.57% - 3.92% 4.9% 5.9% 6.9%
Assets 1 18,791 23,993 24,715 - 28,084 27,554 27,782 27,155
Book Value Per Share 2 83.50 89.30 97.10 - 110.0 117.0 125.0 132.0
Cash Flow per Share 2 19.20 18.20 13.30 - 15.80 19.60 20.80 22.30
Capex 1 197 174 52 - 147 217 241 237
Capex / Sales 1% 0.92% 0.26% - 0.54% 0.79% 0.83% 0.77%
Announcement Date 20-02-07 21-02-05 22-02-04 23-02-10 24-02-02 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
183.3 SEK
Average target price
204.4 SEK
Spread / Average Target
+11.51%
Consensus