Company Valuation: Axfood AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 54,451 61,699 58,907 50,484 62,660 51,704 - -
Change - 13.31% -4.52% -14.3% 24.12% -17.49% - -
Enterprise Value (EV) 1 62,091 70,681 68,246 65,345 77,258 66,446 65,905 65,668
Change - 13.83% -3.44% -4.25% 18.23% -13.99% -0.81% -0.36%
P/E 25.4x 26x 25.1x 23.1x 26.9x 20.7x 18.6x 17.7x
PBR 11x 9.34x 8.61x 7.19x 8.35x 6.71x 6.05x 5.49x
PEG - 3.55x -22.99x -3.3x 4x 2.92x 1.6x 3.43x
Capitalization / Revenue 0.94x 0.84x 0.73x 0.6x 0.7x 0.57x 0.55x 0.53x
EV / Revenue 1.07x 0.96x 0.84x 0.78x 0.87x 0.73x 0.7x 0.67x
EV / EBITDA 12.2x 12.4x 10.8x 9.8x 10.1x 8.36x 7.88x 7.59x
EV / EBIT 23.1x 21.9x 18.9x 19x 20.9x 17.4x 16x 15.3x
EV / FCF 22.5x 21.2x 17.7x 16.7x 15.4x 16.8x 13.4x 13.8x
FCF Yield 4.45% 4.72% 5.66% 6% 6.5% 5.96% 7.44% 7.26%
Dividend per Share 2 7.75 8.15 8.5 8.75 9 9.479 9.993 10.39
Rate of return 2.98% 2.85% 3.11% 3.74% 3.1% 3.96% 4.17% 4.34%
EPS 2 10.24 10.99 10.87 10.11 10.79 11.55 12.87 13.53
Distribution rate 75.7% 74.2% 78.2% 86.5% 83.4% 82% 77.7% 76.8%
Net sales 1 57,891 73,474 81,111 84,057 89,152 91,047 94,411 97,733
EBITDA 1 5,103 5,716 6,345 6,665 7,649 7,953 8,369 8,650
EBIT 1 2,690 3,229 3,602 3,433 3,688 3,810 4,110 4,285
Net income 1 2,150 2,360 2,357 2,192 2,339 2,534 2,818 2,959
Net Debt 1 7,640 8,982 9,339 14,861 14,598 14,742 14,201 13,964
Reference price 2 260.40 285.90 273.00 234.00 290.20 239.50 239.50 239.50
Nbr of stocks (in thousands) 209,105 215,805 215,778 215,745 215,922 215,884 - -
Announcement Date 2/3/22 2/1/23 2/1/24 1/30/25 1/29/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.93x0.88x5.97x6.2% 37.75B
39.05x1.59x19.98x0.31% 30.8B
17.07x0.63x7.27x2.92% 29.94B
72.05x3.19x41.77x-.--% 26.92B
29.85x0.92x9.9x3.16% 22.94B
11.67x0.24x4.35x6.54% 12.98B
16.18x0.38x5.55x3.84% 12.56B
7.84x1.73x5.54x2.54% 11.84B
17.11x0.4x6.13x3.96% 10.41B
Average 25.64x 1.11x 11.83x 3.27% 21.79B
Weighted average by Cap. 29.14x 1.23x 13.59x 3.1%

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