Company Valuation: Balder

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 121,561 55,992 82,534 91,392 81,158 64,428 - -
Change - -53.94% 47.4% 10.73% -11.2% -20.61% - -
Enterprise Value (EV) 1 236,463 182,220 209,336 223,800 213,956 201,067 200,301 199,009
Change - -22.94% 14.88% 6.91% -4.4% -6.02% -0.38% -0.65%
P/E 6.57x 5.34x -12.2x 27.2x 11.6x 9.93x 9.43x 8.7x
PBR 1.57x 0.62x 1x 1.03x 0.86x 0.64x 0.59x 0.55x
PEG - -0.1x 0x -0x 0x -1.62x 1.79x 1.04x
Capitalization / Revenue 13.6x 5.32x 6.91x 7.1x 5.91x 4.54x 4.39x 4.26x
EV / Revenue 26.4x 17.3x 17.5x 17.4x 15.6x 14.2x 13.6x 13.2x
EV / EBITDA 39.9x 26.9x 24.3x 26.2x 23.4x 20.1x 19.1x 18.4x
EV / EBIT 36.5x 27x 24.3x 26.6x 23.6x 19x 18.2x 17.6x
EV / FCF -8.34x -23.2x -155x 117x 150x 68x 67.1x 64.8x
FCF Yield -12% -4.32% -0.65% 0.85% 0.67% 1.47% 1.49% 1.54%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 16.54 9.09 -5.85 2.82 5.86 5.501 5.79 6.276
Distribution rate - - - - - - - -
Net sales 1 8,956 10,521 11,944 12,876 13,721 14,191 14,677 15,113
EBITDA 1 5,927 6,777 8,624 8,533 9,154 10,016 10,460 10,811
EBIT 1 6,480 6,760 8,608 8,425 9,063 10,602 11,027 11,336
Net income 1 18,508 10,175 -6,746 3,304 7,621 5,849 5,679 5,803
Net Debt 1 114,902 126,228 126,802 132,408 132,798 136,639 135,873 134,581
Reference price 2 108.63 48.52 71.52 76.80 68.20 54.60 54.60 54.60
Nbr of stocks (in thousands) 1,119,000 1,154,000 1,154,000 1,190,000 1,190,000 1,180,000 - -
Announcement Date 2/11/22 2/10/23 2/9/24 2/7/25 2/6/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.86x4.71x12.79x3.39% 42.53B
21.3x4.32x17.71x1.18% 31.52B
6.05x0.73x1.51x8.25% 29.17B
8.12x1.43x7.17x4.39% 29.22B
14.39x3.12x14.93x2.44% 25.79B
15.9x1.01x6.7x2.34% 22.08B
15.52x6.91x18.55x1.38% 21.96B
9.04x2.2x7.55x4.11% 19.73B
Average 13.15x 3.05x 10.86x 3.44% 27.75B
Weighted average by Cap. 13.33x 3.14x 11.01x 3.5%

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