Company Valuation: Assa Abloy AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 306,796 248,481 322,458 363,002 398,658 392,215 - -
Change - -19.01% 29.77% 12.57% 9.82% -1.62% - -
Enterprise Value (EV) 1 333,867 280,213 386,567 433,255 462,935 447,665 440,707 431,353
Change - -16.07% 37.95% 12.08% 6.85% -3.3% -1.55% -2.12%
P/E 28.2x 18.7x 23.7x 23.2x 27.1x 22.6x 20.1x 18.4x
PBR 4.41x 2.89x 3.52x 3.39x 3.92x 3.44x 3.12x 2.81x
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 2.49x 2.32x 2.19x
EV / Revenue 3.51x 2.32x 2.75x 2.89x 3.04x 2.84x 2.6x 2.41x
EV / EBITDA 18.5x 12.4x 14.1x 14.5x 15.1x 13.9x 12.7x 11.6x
EV / EBIT 23.5x 15.1x 17.4x 17.8x 18.8x 17x 15.3x 13.9x
EV / FCF 30.8x 22.7x 20.5x 22.4x 24.6x 23.4x 21.4x 18.9x
FCF Yield 3.24% 4.41% 4.88% 4.46% 4.06% 4.28% 4.66% 5.29%
Dividend per Share 2 4.2 4.8 5.4 5.9 6.4 6.859 7.604 8.329
Rate of return 1.52% 2.15% 1.86% 1.81% 1.78% 1.94% 2.15% 2.36%
EPS 2 9.81 11.97 12.27 14.08 13.23 15.61 17.55 19.16
Distribution rate 42.8% 40.1% 44% 41.9% 48.4% 43.9% 43.3% 43.5%
Net sales 1 95,007 120,793 140,716 150,162 152,409 157,366 169,230 179,059
EBITDA 1 18,023 22,620 27,358 29,940 30,745 32,204 34,699 37,080
EBIT 1 14,181 18,532 22,185 24,296 24,664 26,300 28,843 31,027
Net income 1 10,901 13,291 13,633 15,639 14,701 17,374 19,517 21,354
Net Debt 1 27,071 31,732 64,109 70,253 64,277 55,450 48,492 39,138
Reference price 2 276.20 223.70 290.30 326.80 358.90 353.10 353.10 353.10
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.62x2.84x13.9x1.94% 41.12B
13.88x1.05x6.8x2.92% 45.58B
19.21x3.16x12.99x1.28% 14.26B
15.92x2.17x10.91x1.79% 14.04B
-27.54x1.56x16.96x-.--% 13.8B
29.27x4.57x16.63x0.89% 8.38B
14.8x0.79x5.1x3.45% 8.1B
20.33x3.08x12.64x0.63% 7.72B
21.52x4.31x12.56x0.8% 7.38B
249.06x0.8x10.45x-.--% 7.15B
Average 37.91x 2.43x 11.89x 1.37% 16.75B
Weighted average by Cap. 24.72x 2.20x 11.34x 1.81%

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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