Company Valuation: Assa Abloy AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 306,796 248,481 322,458 363,002 398,658 378,886 - -
Change - -19.01% 29.77% 12.57% 9.82% -4.96% - -
Enterprise Value (EV) 1 333,867 280,213 386,567 433,255 462,935 434,821 427,207 418,124
Change - -16.07% 37.95% 12.08% 6.85% -6.07% -1.75% -2.13%
P/E 28.2x 18.7x 23.7x 23.2x 27.1x 21.8x 19.4x 17.8x
PBR 4.41x 2.89x 3.52x 3.39x 3.92x 3.32x 3.01x 2.72x
PEG - 0.8x 9.46x 1.6x -4.49x 1.2x 1.6x 1.93x
Capitalization / Revenue 3.23x 2.06x 2.29x 2.42x 2.62x 2.4x 2.24x 2.11x
EV / Revenue 3.51x 2.32x 2.75x 2.89x 3.04x 2.75x 2.52x 2.33x
EV / EBITDA 18.5x 12.4x 14.1x 14.5x 15.1x 13.5x 12.3x 11.3x
EV / EBIT 23.5x 15.1x 17.4x 17.8x 18.8x 16.5x 14.8x 13.5x
EV / FCF 30.8x 22.7x 20.5x 22.4x 24.6x 22.7x 20.8x 18.3x
FCF Yield 3.24% 4.41% 4.88% 4.46% 4.06% 4.4% 4.81% 5.46%
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% 2.01% 2.23% 2.44%
EPS 2 9.81 11.97 12.27 14.08 13.23 15.66 17.56 19.18
Distribution rate 42.8% 40.1% 44% 41.9% 48.4% 43.8% 43.3% 43.4%
Net sales 1 95,007 120,793 140,716 150,162 152,409 157,859 169,409 179,215
EBITDA 1 18,023 22,620 27,358 29,940 30,745 32,236 34,751 37,135
EBIT 1 14,181 18,532 22,185 24,296 24,664 26,299 28,854 31,037
Net income 1 10,901 13,291 13,633 15,639 14,701 17,427 19,532 21,369
Net Debt 1 27,071 31,732 64,109 70,253 64,277 55,935 48,321 39,238
Reference price 2 276.20 223.70 290.30 326.80 358.90 341.10 341.10 341.10
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.78x2.75x13.49x2.01% 39.1B
12.06x0.94x6.12x3.3% 40.61B
15.25x2.1x10.49x1.87% 13.46B
17.86x2.98x12.23x1.38% 13.28B
-22.38x1.46x16.39x2.97% 12.77B
27.38x4.16x15.13x0.97% 7.66B
14.66x0.74x4.9x3.79% 7.66B
18.92x2.83x11.63x0.69% 7.11B
20.21x4.07x11.85x0.85% 6.93B
226.31x0.75x9.93x-.--% 6.5B
Average 35.20x 2.28x 11.22x 1.78% 15.51B
Weighted average by Cap. 22.99x 2.08x 10.78x 2.2%

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 Assa Abloy AB
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