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 56,204 - -
Change - 13.31% -4.52% -14.3% 24.12% -10.3% - -
Enterprise Value (EV) 1 62,091 70,681 68,246 65,345 77,258 70,329 69,631 69,308
Change - 13.83% -3.44% -4.25% 18.23% -8.97% -0.99% -0.46%
P/E 25.4x 26x 25.1x 23.1x 26.9x 21.4x 19.1x 18.1x
PBR 11x 9.34x 8.61x 7.19x 8.35x 7.24x 6.44x 5.77x
PEG - 3.55x -22.99x -3.3x 4x 1.7x 1.6x 3.5x
Capitalization / Revenue 0.94x 0.84x 0.73x 0.6x 0.7x 0.61x 0.59x 0.57x
EV / Revenue 1.07x 0.96x 0.84x 0.78x 0.87x 0.77x 0.73x 0.7x
EV / EBITDA 12.2x 12.4x 10.8x 9.8x 10.1x 8.61x 8.03x 7.73x
EV / EBIT 23.1x 21.9x 18.9x 19x 20.9x 17.8x 16.2x 15.5x
EV / FCF 22.5x 21.2x 17.7x 16.7x 15.4x 16.8x 14.5x 15.2x
FCF Yield 4.45% 4.72% 5.66% 6% 6.5% 5.95% 6.91% 6.6%
Dividend per Share 2 7.75 8.15 8.5 8.75 9 9.671 10.13 10.58
Rate of return 2.98% 2.85% 3.11% 3.74% 3.1% 3.72% 3.89% 4.06%
EPS 2 10.24 10.99 10.87 10.11 10.79 12.18 13.64 14.35
Distribution rate 75.7% 74.2% 78.2% 86.5% 83.4% 79.4% 74.3% 73.7%
Net sales 1 57,891 73,474 81,111 84,057 89,152 91,805 95,825 99,318
EBITDA 1 5,103 5,716 6,345 6,665 7,649 8,167 8,669 8,962
EBIT 1 2,690 3,229 3,602 3,433 3,688 3,947 4,294 4,474
Net income 1 2,150 2,360 2,357 2,192 2,339 2,651 2,969 3,123
Net Debt 1 7,640 8,982 9,339 14,861 14,598 14,125 13,427 13,103
Reference price 2 260.40 285.90 273.00 234.00 290.20 260.30 260.30 260.30
Nbr of stocks (in thousands) 209,105 215,805 215,778 215,745 215,922 215,922 - -
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.($)
22.14x0.94x6.35x5.66% 39.32B
93.27x4.14x54.79x-.--% 30.05B
36.73x1.5x18.84x0.33% 28.87B
16.66x0.65x7.28x3.03% 27.89B
29.41x0.92x9.91x3.17% 22.43B
9.79x0.25x4.35x6.29% 13.24B
15.25x0.38x5.53x3.92% 12.49B
7.94x1.82x5.99x2.47% 12.06B
20.09x0.76x8.33x2.86% 9.72B
Average 27.92x 1.26x 13.49x 3.08% 21.79B
Weighted average by Cap. 33.00x 1.43x 16.04x 2.95%

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