Company Valuation: Arjo AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 30,179 10,606 10,731 9,876 8,721 7,643 - -
Change - -64.86% 1.18% -7.97% -11.69% -12.37% - -
Enterprise Value (EV) 1 34,520 15,650 15,051 14,067 12,976 11,810 11,580 11,249
Change - -54.66% -3.83% -6.54% -7.75% -8.98% -1.95% -2.85%
P/E 40.7x 23.7x 22.4x 19.8x 26x 15.1x 13.2x 11.4x
PBR 4.38x 1.39x 1.42x 1.18x 1.17x 0.97x 0.93x 0.89x
PEG - -0.6x 3.06x 4.98x -0.8x 0.3x 0.9x 0.7x
Capitalization / Revenue 3.33x 1.06x 0.98x 0.87x 0.79x 0.69x 0.66x 0.63x
EV / Revenue 3.81x 1.57x 1.37x 1.25x 1.18x 1.06x 1x 0.93x
EV / EBITDA 16.7x 8.5x 7.46x 6.74x 6.75x 6.05x 5.64x 5.15x
EV / EBIT 30.9x 20.5x 15.7x 13.8x 15.6x 13.6x 12.2x 10.6x
EV / FCF 32.6x 447x 10.3x 15x 17.1x 15.5x 14.5x 12.7x
FCF Yield 3.07% 0.22% 9.68% 6.65% 5.83% 6.47% 6.91% 7.86%
Dividend per Share 2 1.15 0.85 0.9 0.95 0.95 0.92 0.976 1.092
Rate of return 1.04% 2.18% 2.28% 2.62% 2.97% 3.28% 3.48% 3.89%
EPS 2 2.72 1.64 1.76 1.83 1.23 1.864 2.13 2.468
Distribution rate 42.3% 51.8% 51.1% 51.9% 77.2% 49.4% 45.8% 44.2%
Net sales 1 9,070 9,979 10,980 11,292 11,000 11,139 11,612 12,058
EBITDA 1 2,072 1,841 2,017 2,086 1,922 1,952 2,053 2,183
EBIT 1 1,116 765 957 1,019 831 871.5 947.3 1,064
Net income 1 742 447 480 498 334 508.1 580 672.1
Net Debt 1 4,341 5,044 4,320 4,191 4,255 4,168 3,937 3,607
Reference price 2 110.80 38.94 39.40 36.26 32.02 28.06 28.06 28.06
Nbr of stocks (in thousands) 272,370 272,370 272,370 272,370 272,370 272,370 - -
Announcement Date 2/3/22 1/25/23 1/30/24 1/14/25 1/30/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.91x3.99x15.44x2.52% 177B
19.83x3.61x12.9x3% 120B
17.7x0.21x12.92x0.74% 61.69B
35.83x3.45x11.82x2.11% 50.64B
27.35x6.71x17.3x1.46% 48.16B
34.65x6.09x19.13x-.--% 32.62B
41.45x1.23x11.35x0.23% 28.17B
42.56x7.46x26.77x0.25% 25.69B
16.71x2.66x9.44x1.66% 21.33B
Average 29.45x 3.94x 15.23x 1.33% 62.75B
Weighted average by Cap. 27.36x 3.77x 14.76x 1.9%

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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