Company Valuation: Assa Abloy AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 306,796 248,481 322,458 363,002 398,658 393,659 - -
Change - -19.01% 29.77% 12.57% 9.82% -1.25% - -
Enterprise Value (EV) 1 333,867 280,213 386,567 433,255 462,935 449,349 442,391 433,040
Change - -16.07% 37.95% 12.08% 6.85% -2.93% -1.55% -2.11%
P/E 28.2x 18.7x 23.7x 23.2x 27.1x 22.7x 20.2x 18.5x
PBR 4.41x 2.89x 3.52x 3.39x 3.92x 3.45x 3.13x 2.82x
PEG - 0.8x 9.46x 1.6x -4.49x 1.3x 1.6x 2x
Capitalization / Revenue 3.23x 2.06x 2.29x 2.42x 2.62x 2.5x 2.32x 2.2x
EV / Revenue 3.51x 2.32x 2.75x 2.89x 3.04x 2.86x 2.61x 2.42x
EV / EBITDA 18.5x 12.4x 14.1x 14.5x 15.1x 13.9x 12.7x 11.7x
EV / EBIT 23.5x 15.1x 17.4x 17.8x 18.8x 17.1x 15.3x 14x
EV / FCF 30.8x 22.7x 20.5x 22.4x 24.6x 23.5x 21.5x 19x
FCF Yield 3.24% 4.41% 4.88% 4.46% 4.06% 4.26% 4.65% 5.27%
Dividend per Share 2 4.2 4.8 5.4 5.9 6.4 6.867 7.611 8.328
Rate of return 1.52% 2.15% 1.86% 1.81% 1.78% 1.94% 2.15% 2.35%
EPS 2 9.81 11.97 12.27 14.08 13.23 15.61 17.56 19.18
Distribution rate 42.8% 40.1% 44% 41.9% 48.4% 44% 43.3% 43.4%
Net sales 1 95,007 120,793 140,716 150,162 152,409 157,310 169,435 179,283
EBITDA 1 18,023 22,620 27,358 29,940 30,745 32,240 34,750 37,136
EBIT 1 14,181 18,532 22,185 24,296 24,664 26,304 28,851 31,036
Net income 1 10,901 13,291 13,633 15,639 14,701 17,373 19,530 21,368
Net Debt 1 27,071 31,732 64,109 70,253 64,277 55,690 48,732 39,381
Reference price 2 276.20 223.70 290.30 326.80 358.90 354.40 354.40 354.40
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.($)
13.68x1.04x6.75x2.92% 46.17B
22.58x2.84x13.87x1.95% 41.3B
16.32x2.22x11.12x1.74% 14.4B
19.04x3.14x12.88x1.29% 14.17B
-24.25x1.49x16.78x3.82% 13.84B
28.29x4.42x16.08x0.92% 8.1B
14.36x0.74x4.72x3.64% 7.71B
20.41x3.08x12.63x0.63% 7.7B
263.61x0.83x10.92x-.--% 7.57B
Average 41.56x 2.20x 11.75x 1.88% 17.88B
Weighted average by Cap. 26.25x 2.07x 11.22x 2.19%

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