Company Valuation: Alfa Laval AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 151,398 124,453 166,736 191,205 192,486 233,033 - -
Change - -17.8% 33.98% 14.68% 0.67% 21.07% - -
Enterprise Value (EV) 1 156,286 136,401 176,347 195,915 205,665 243,319 239,385 234,366
Change - -12.72% 29.29% 11.1% 4.98% 18.31% -1.62% -2.1%
P/E 32x 27.6x 26.3x 25.9x 23.3x 26.2x 22.7x 20.7x
PBR 4.75x 3.52x 4.5x 4.56x 4.43x 4.76x 4.21x 3.75x
PEG - -6.41x 0.6x 1.5x 2x 3.57x 1.4x 2.18x
Capitalization / Revenue 3.7x 2.39x 2.62x 2.86x 2.76x 3.16x 2.85x 2.65x
EV / Revenue 3.82x 2.62x 2.77x 2.93x 2.95x 3.3x 2.92x 2.66x
EV / EBITDA 18.8x 14.1x 15x 15.2x 14.4x 16.1x 14.1x 12.7x
EV / EBIT 25.5x 20.9x 17.3x 17.7x 16.7x 18.6x 16.1x 14.6x
EV / FCF 38.7x 94.9x 26.2x 22.2x 31.6x 35.1x 28.1x 23.9x
FCF Yield 2.58% 1.05% 3.82% 4.5% 3.16% 2.85% 3.56% 4.19%
Dividend per Share 2 6 6 7.5 8.5 9 9.702 10.75 11.67
Rate of return 1.65% 1.99% 1.86% 1.84% 1.93% 1.72% 1.91% 2.07%
EPS 2 11.38 10.89 15.31 17.88 20.01 21.48 24.87 27.23
Distribution rate 52.7% 55.1% 49% 47.5% 45% 45.2% 43.2% 42.8%
Net sales 1 40,911 52,135 63,598 66,954 69,674 73,756 81,853 88,001
EBITDA 1 8,305 9,678 11,780 12,853 14,252 15,098 16,981 18,392
EBIT 1 6,126 6,519 10,221 11,089 12,334 13,055 14,897 16,056
Net income 1 4,759 4,503 6,330 7,391 8,272 8,835 10,175 11,118
Net Debt 1 4,888 11,948 9,611 4,710 13,179 10,285 6,352 1,332
Reference price 2 364.40 301.10 403.40 462.60 465.70 563.80 563.80 563.80
Nbr of stocks (in thousands) 415,473 413,326 413,326 413,326 413,326 413,326 - -
Announcement Date 2/2/22 2/2/23 2/6/24 2/5/25 2/2/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.35x5.38x19.61x0.81% 123B
27.4x5.05x17.68x2.2% 35.37B
21.73x1.86x13.4x2.15% 31.59B
30.41x4.05x15.32x0.11% 29.9B
21.34x3.59x11.35x1.52% 27.83B
21.45x3.11x13.42x1.09% 26.16B
23.99x2.93x12.63x1.57% 25.71B
100.96x38.08x83.04x0.37% 26.25B
26.76x3.36x16.42x1.69% 24.8B
Average 33.93x 7.49x 22.54x 1.28% 39.01B
Weighted average by Cap. 32.82x 6.73x 21.38x 1.17%

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