Company Valuation: Assa Abloy AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 306,796 248,481 322,458 363,002 398,658 386,328 - -
Change - -19.01% 29.77% 12.57% 9.82% -3.09% - -
Enterprise Value (EV) 1 333,867 280,213 386,567 433,255 462,935 443,352 435,712 426,584
Change - -16.07% 37.95% 12.08% 6.85% -4.23% -1.72% -2.09%
P/E 28.2x 18.7x 23.7x 23.2x 27.1x 22.2x 19.6x 17.9x
PBR 4.41x 2.89x 3.52x 3.39x 3.92x 3.38x 3.07x 2.77x
PEG - 0.8x 9.46x 1.6x -4.49x 1.2x 1.5x 1.84x
Capitalization / Revenue 3.23x 2.06x 2.29x 2.42x 2.62x 2.44x 2.27x 2.15x
EV / Revenue 3.51x 2.32x 2.75x 2.89x 3.04x 2.81x 2.56x 2.37x
EV / EBITDA 18.5x 12.4x 14.1x 14.5x 15.1x 13.7x 12.4x 11.3x
EV / EBIT 23.5x 15.1x 17.4x 17.8x 18.8x 16.9x 15.1x 13.7x
EV / FCF 30.8x 22.7x 20.5x 22.4x 24.6x 23.2x 21.2x 18.6x
FCF Yield 3.24% 4.41% 4.88% 4.46% 4.06% 4.31% 4.72% 5.38%
Dividend per Share 2 4.2 4.8 5.4 5.9 6.4 6.869 7.613 8.334
Rate of return 1.52% 2.15% 1.86% 1.81% 1.78% 1.98% 2.19% 2.4%
EPS 2 9.81 11.97 12.27 14.08 13.23 15.68 17.71 19.43
Distribution rate 42.8% 40.1% 44% 41.9% 48.4% 43.8% 43% 42.9%
Net sales 1 95,007 120,793 140,716 150,162 152,409 158,030 170,138 180,048
EBITDA 1 18,023 22,620 27,358 29,940 30,745 32,275 35,243 37,688
EBIT 1 14,181 18,532 22,185 24,296 24,664 26,280 28,905 31,072
Net income 1 10,901 13,291 13,633 15,639 14,701 17,442 19,638 21,550
Net Debt 1 27,071 31,732 64,109 70,253 64,277 57,024 49,384 40,256
Reference price 2 276.20 223.70 290.30 326.80 358.90 347.80 347.80 347.80
Nbr of stocks (in thousands) 1,110,776 1,110,776 1,110,776 1,110,776 1,110,776 1,110,776 - -
Announcement Date 2/4/22 2/3/23 2/7/24 2/5/25 2/5/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.66x0.92x5.97x3.41% 38.78B
22.18x2.81x13.74x1.98% 39.17B
15.15x2.09x10.43x1.88% 13.37B
16.85x2.82x11.62x1.46% 12.47B
-20.69x1.39x15.62x3.21% 11.81B
14.94x0.75x4.97x3.72% 7.64B
27.31x4.15x15.1x0.97% 7.64B
18.57x2.8x11.4x0.7% 7.02B
19.68x3.97x11.55x0.87% 6.75B
Average 13.96x 2.41x 11.16x 2.02% 16.07B
Weighted average by Cap. 14.35x 2.13x 10.71x 2.33%

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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