Company Valuation: Assa Abloy AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 306,796 248,481 322,458 363,002 398,658 396,769 - -
Change - -19.01% 29.77% 12.57% 9.82% -0.47% - -
Enterprise Value (EV) 1 333,867 280,213 386,567 433,255 462,935 453,310 445,501 436,150
Change - -16.07% 37.95% 12.08% 6.85% -2.08% -1.72% -2.1%
P/E 28.2x 18.7x 23.7x 23.2x 27.1x 22.8x 20.3x 18.6x
PBR 4.41x 2.89x 3.52x 3.39x 3.92x 3.48x 3.15x 2.84x
PEG - 0.8x 9.46x 1.6x -4.49x 1.2x 1.7x 2.02x
Capitalization / Revenue 3.23x 2.06x 2.29x 2.42x 2.62x 2.51x 2.34x 2.21x
EV / Revenue 3.51x 2.32x 2.75x 2.89x 3.04x 2.87x 2.63x 2.43x
EV / EBITDA 18.5x 12.4x 14.1x 14.5x 15.1x 14.1x 12.8x 11.7x
EV / EBIT 23.5x 15.1x 17.4x 17.8x 18.8x 17.2x 15.4x 14.1x
EV / FCF 30.8x 22.7x 20.5x 22.4x 24.6x 23.7x 21.7x 19.1x
FCF Yield 3.24% 4.41% 4.88% 4.46% 4.06% 4.22% 4.61% 5.23%
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% 1.92% 2.13% 2.33%
EPS 2 9.81 11.97 12.27 14.08 13.23 15.67 17.56 19.18
Distribution rate 42.8% 40.1% 44% 41.9% 48.4% 43.8% 43.3% 43.4%
Net sales 1 95,007 120,793 140,716 150,162 152,409 157,848 169,435 179,283
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 17,432 19,530 21,368
Net Debt 1 27,071 31,732 64,109 70,253 64,277 56,540 48,732 39,381
Reference price 2 276.20 223.70 290.30 326.80 358.90 357.20 357.20 357.20
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.($)
13.46x1.03x6.68x2.96% 45.29B
22.8x2.87x14.06x1.92% 41.39B
16.3x2.22x11.1x1.75% 14.39B
19x3.14x12.89x1.29% 14.13B
-24.58x1.5x16.95x3.77% 14.03B
28.38x4.32x15.74x0.93% 7.97B
14.34x0.74x4.71x3.67% 7.61B
19.77x2.98x12.23x0.65% 7.46B
21.59x4.33x12.62x0.8% 7.4B
Average 14.56x 2.57x 11.89x 1.97% 17.74B
Weighted average by Cap. 14.74x 2.24x 11.34x 2.23%

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