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 11,416 - -
Change - -32.96% -18.26% 10.02% -2.41% -32.8% - -
Enterprise Value (EV) 1 32,434 19,355 22,663 23,542 22,309 16,781 16,216 15,643
Change - -40.33% 17.09% 3.88% -5.24% -24.78% -3.36% -3.53%
P/E 25.6x 19.9x 14.4x 14.2x 21.2x 10.9x 8.5x 7.91x
PBR 2.63x - 1.27x 1.33x 1.34x 0.85x 0.81x 0.78x
PEG - -1.4x 1.1x 1.2x -0.6x 0.4x 0.3x 1.07x
Capitalization / Revenue 1.44x 0.82x 0.59x 0.64x 0.66x 0.45x 0.43x 0.42x
EV / Revenue 1.61x 0.82x 0.84x 0.87x 0.87x 0.66x 0.62x 0.58x
EV / EBITDA 13.7x 7.96x 8.34x 8.28x 10.1x 6.75x 5.72x 5.33x
EV / EBIT 21.3x 13.4x 12.7x 12.1x 16.1x 10.2x 8.12x 7.39x
EV / FCF 22.4x - 13.8x 12.5x 10.5x 11.8x 10.5x 9.06x
FCF Yield 4.46% - 7.27% 8.02% 9.56% 8.46% 9.56% 11%
Dividend per Share 2 5.5 - 5.5 6 6 6.332 7.403 8.206
Rate of return 2.16% - 3.94% 3.9% 4% 6.28% 7.34% 8.14%
EPS 2 9.973 8.603 9.71 10.85 7.07 9.206 11.86 12.74
Distribution rate 55.1% - 56.6% 55.3% 84.9% 68.8% 62.4% 64.4%
Net sales 1 20,104 23,552 26,978 27,160 25,758 25,248 26,352 27,205
EBITDA 1 2,359 2,430 2,718 2,842 2,219 2,487 2,833 2,933
EBIT 1 1,523 1,444 1,779 1,941 1,387 1,648 1,997 2,117
Net income 1 1,129 974 1,100 1,229 800 1,042 1,343 1,442
Net Debt 1 3,565 - 6,842 6,135 5,321 5,365 4,800 4,227
Reference price 2 255.00 170.90 139.70 153.70 150.00 100.80 100.80 100.80
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.($)
11.05x0.67x6.79x6.23% 1.2B
36.37x6.63x23.54x0.94% 79.16B
38.09x1.27x13.64x0.98% 16.81B
20.27x2.07x10.2x3.63% 14.21B
25.4x2.84x12.14x2.97% 12.18B
25.19x3.51x13.51x2.3% 8.12B
15.79x0.67x9.41x1.36% 7.11B
9.54x1.13x6.02x2.2% 5.66B
19.28x0.41x9.52x3.86% 5.38B
20.49x2.21x10.42x-.--% 5.24B
Average 22.15x 2.14x 11.52x 2.45% 15.51B
Weighted average by Cap. 30.39x 4.28x 17.48x 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