Company Valuation: Alfa Laval AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 151,398 124,453 166,736 191,205 192,486 225,594 - -
Change - -17.8% 33.98% 14.68% 0.67% 17.2% - -
Enterprise Value (EV) 1 156,286 136,401 176,347 195,915 205,665 235,868 231,973 226,977
Change - -12.72% 29.29% 11.1% 4.98% 14.69% -1.65% -2.15%
P/E 32x 27.6x 26.3x 25.9x 23.3x 25.6x 22.1x 20.1x
PBR 4.75x 3.52x 4.5x 4.56x 4.43x 4.61x 4.08x 3.64x
PEG - -6.41x 0.6x 1.5x 2x 3.9x 1.4x 2.1x
Capitalization / Revenue 3.7x 2.39x 2.62x 2.86x 2.76x 3.06x 2.76x 2.56x
EV / Revenue 3.82x 2.62x 2.77x 2.93x 2.95x 3.2x 2.84x 2.58x
EV / EBITDA 18.8x 14.1x 15x 15.2x 14.4x 15.7x 13.7x 12.3x
EV / EBIT 25.5x 20.9x 17.3x 17.7x 16.7x 18.1x 15.7x 14.3x
EV / FCF 38.7x 94.9x 26.2x 22.2x 31.6x 33.9x 27.3x 23.2x
FCF Yield 2.58% 1.05% 3.82% 4.5% 3.16% 2.95% 3.66% 4.31%
Dividend per Share 2 6 6 7.5 8.5 9 9.702 10.75 11.7
Rate of return 1.65% 1.99% 1.86% 1.84% 1.93% 1.78% 1.97% 2.14%
EPS 2 11.38 10.89 15.31 17.88 20.01 21.32 24.74 27.11
Distribution rate 52.7% 55.1% 49% 47.5% 45% 45.5% 43.4% 43.2%
Net sales 1 40,911 52,135 63,598 66,954 69,674 73,677 81,797 87,959
EBITDA 1 8,305 9,678 11,780 12,853 14,252 15,068 16,961 18,379
EBIT 1 6,126 6,519 10,221 11,089 12,334 13,065 14,805 15,927
Net income 1 4,759 4,503 6,330 7,391 8,272 8,808 10,156 11,107
Net Debt 1 4,888 11,948 9,611 4,710 13,179 10,275 6,379 1,383
Reference price 2 364.40 301.10 403.40 462.60 465.70 545.80 545.80 545.80
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.($)
25.6x3.2x15.65x1.78% 22.87B
30.16x5.29x19.19x0.86% 119B
26.49x4.86x17.01x2.27% 34.79B
20.56x1.76x12.66x2.29% 29.91B
28.35x3.8x14.37x0.12% 27.87B
19x3.23x10.33x1.6% 26.57B
20.7x3x12.96x1.13% 25.24B
23.48x2.87x12.35x1.61% 25.11B
105.03x36.98x81.03x0.4% 25.57B
Average 33.26x 7.22x 21.73x 1.34% 37.43B
Weighted average by Cap. 32.07x 6.56x 20.77x 1.23%

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

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  4. Valuation Alfa Laval AB
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