Company Valuation: B3 Consulting Group AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 710.3 1,347 975.7 673.4 385.4 201.9 - -
Change - 89.61% -27.56% -30.99% -42.76% -47.62% - -
Enterprise Value (EV) 1 760.6 1,347 1,098 940.9 650.4 404.1 375.2 340.6
Change - 77.07% -18.49% -14.29% -30.87% -37.87% -7.15% -9.23%
P/E 15.6x 13.3x 15.4x 7.73x 35.3x 17.5x 7.05x 5.98x
PBR 4.08x - 5.19x 2.77x 1.81x 0.8x 0.71x 0.63x
PEG - 0x -0.4x 0.2x -0.4x 13.2x 0x 0.3x
Capitalization / Revenue 0.77x 1.17x 0.86x 0.6x 0.32x 0.18x 0.18x 0.17x
EV / Revenue 0.82x 1.17x 0.96x 0.83x 0.54x 0.35x 0.33x 0.28x
EV / EBITDA 8.37x 8.51x 10.2x 16.4x 7.85x 4.85x 3.76x 3.17x
EV / EBIT 10.8x 9.78x 12.8x 35.8x 13.5x 8.01x 5.63x 4.71x
EV / FCF - - 17.4x -25.8x 33x 7.22x 4.47x 3.04x
FCF Yield - - 5.76% -3.88% 3.03% 13.9% 22.4% 32.9%
Dividend per Share 2 3.5 - 3.5 - - - - -
Rate of return 4.23% - 3.18% - - - - -
EPS 2 5.3 11.79 7.12 9.56 1.2 1.216 3.019 3.559
Distribution rate 66% - 49.2% - - - - -
Net sales 1 923.4 1,148 1,141 1,129 1,209 1,139 1,145 1,213
EBITDA 1 90.9 158.3 107.3 57.5 82.9 83.23 99.71 107.4
EBIT 1 70.6 137.7 86.1 26.3 48.3 50.43 66.66 72.31
Net income 1 45.3 103.3 60.5 83.3 10.9 11.08 27.51 32.43
Net Debt 1 50.3 - 122.1 267.5 265 202.2 173.3 138.7
Reference price 2 82.80 157.00 110.00 73.90 42.30 21.30 21.30 21.30
Nbr of stocks (in thousands) 8,579 8,579 8,870 9,112 9,112 9,478 - -
Announcement Date 2/18/22 2/16/23 2/14/24 2/18/25 2/19/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.14x3.77x13.17x2.87% 222B
-116.79x18.57x106.98x-.--% 115B
13.73x1.52x7.97x3.49% 113B
14.91x2.72x10.28x5.51% 87.05B
20.45x5.36x13.17x2.79% 62.19B
14.69x2.13x9.06x5.31% 47.45B
20.59x1.68x10.33x1.42% 39.79B
20.4x1.55x9.86x0.92% 38.85B
17.74x2.3x10.68x4.87% 36.84B
Average 3.21x 4.40x 21.28x 3.02% 84.77B
Weighted average by Cap. -1.63x 5.29x 25.56x 2.9%

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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