Projected Income Statement: Afry AB

Forecast Balance Sheet: Afry AB

Forecast Balance Sheet - Afry AB
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 3,565 - 6,842 6,135 5,321 5,431 4,852 4,274
Change - - - -10.33% -13.27% 2.07% -10.66% -11.91%
Announcement Date 2/4/22 2/10/23 2/2/24 2/7/25 2/5/26 - - -
1SEK in Million
Estimates

Cash Flow Forecast: Afry AB

Fiscal Period: December 2021 2023 2024 2025 2026 2027 2028
CAPEX 1 52 147 107 88 109 171.3 164.3
Change - - -27.21% -17.76% 23.86% 57.19% -4.09%
Free Cash Flow (FCF) 1 1,446 1,647 1,887 2,132 1,426 1,908 2,032
Change - - 14.57% 12.98% -33.1% 33.74% 6.55%
Announcement Date 2/4/22 2/2/24 2/7/25 2/5/26 - - -
1SEK in Million
Estimates

Forecast Financial Ratios: Afry AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 11.73% 10.32% 10.07% 10.46% 8.61% 9.71% 10.8% 10.76%
EBIT Margin (%) 7.58% 6.13% 6.59% 7.15% 5.38% 6.52% 7.68% 7.82%
EBT Margin (%) 6.93% 5.18% 5.34% 6.02% 4.12% 5.47% 6.71% 6.97%
Net margin (%) 5.62% 4.14% 4.08% 4.53% 3.11% 4.06% 5.17% 5.34%
FCF margin (%) 7.19% - 6.1% 6.95% 8.28% 5.6% 7.15% 7.31%
FCF / Net Income (%) 128.08% - 149.73% 153.54% 266.5% 137.85% 138.34% 136.89%

Profitability

        
ROA 4.57% - 3.92% 3.7% - - - -
ROE 10.8% - 8.8% 9.6% 6.2% 8.65% 10.38% 10.68%

Financial Health

        
Leverage (Debt/EBITDA) 1.51x - 2.52x 2.16x 2.4x 2.2x 1.68x 1.43x
Debt / Free cash flow 2.47x - 4.15x 3.25x 2.5x 3.81x 2.54x 2.1x

Capital Intensity

        
CAPEX / Current Assets (%) 0.26% - 0.54% 0.39% 0.34% 0.43% 0.64% 0.59%
CAPEX / EBITDA (%) 2.2% - 5.41% 3.76% 3.97% 4.41% 5.94% 5.49%
CAPEX / FCF (%) 3.6% - 8.93% 5.67% 4.13% 7.64% 8.98% 8.09%

Items per share

        
Cash flow per share 1 13.26 - 15.84 17.61 19.6 13.77 14.54 15.34
Change - - - 11.15% 11.33% -29.78% 5.66% 5.44%
Dividend per Share 1 5.5 - 5.5 6 6 6.285 7.273 8.11
Change - - - 9.09% 0% 4.75% 15.73% 11.5%
Book Value Per Share 1 97.09 - 110 115.9 111.9 117.1 124.6 130
Change - - - 5.41% -3.44% 4.64% 6.35% 4.39%
EPS 1 9.973 8.603 9.71 10.85 7.07 9.134 12.18 13.11
Change - -13.74% 12.87% 11.74% -34.84% 29.2% 33.3% 7.69%
Nbr of stocks (in thousands) 113,212 113,252 113,252 113,252 113,252 113,252 113,252 113,252
Announcement Date 2/4/22 2/10/23 2/2/24 2/7/25 2/5/26 - - -
1SEK
Estimates
2026 *2027 *
P/E 14.2x 10.7x
PBR 1.11x 1.04x
EV / Sales 0.79x 0.73x
Yield 4.85% 5.61%

EPS & Dividend

EPS & Dividend - Afry AB


Y-o-Y evolution of P/E

Valuation ratios - P/E - Afry AB
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Afry AB
Trader
Investor
Global
Quality
ESG MSCI
AA
MarketScreener Ratings - Afry AB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
129.70SEK
Average target price
142.67SEK
Spread / Average Target
+10.00%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Afry AB