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 60,676 - -
Change - -53.94% 47.4% 10.73% -11.2% -25.24% - -
Enterprise Value (EV) 1 236,463 182,220 209,336 223,800 213,956 197,183 196,412 195,106
Change - -22.94% 14.88% 6.91% -4.4% -7.84% -0.39% -0.66%
P/E Ratio 6.57x 5.34x -12.2x 27.2x 11.6x 9.65x 8.89x 8.19x
PBR 1.57x 0.62x 1x 1.03x 0.86x 0.61x 0.56x 0.53x
PEG - -0.1x 0x -0x 0x -1.07x 1.05x 0.95x
Capitalization / Revenue 13.6x 5.32x 6.91x 7.1x 5.91x 4.27x 4.13x 4.01x
EV / Revenue 26.4x 17.3x 17.5x 17.4x 15.6x 13.9x 13.4x 12.9x
EV / EBITDA 39.9x 26.9x 24.3x 26.2x 23.4x 19.7x 18.8x 18x
EV / EBIT 36.5x 27x 24.3x 26.6x 23.6x 18.6x 17.8x 17.2x
EV / FCF -8.34x -23.2x -155x 117x 150x 66.7x 65.8x 63.5x
FCF Yield -12% -4.32% -0.65% 0.85% 0.67% 1.5% 1.52% 1.57%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 16.54 9.09 -5.85 2.82 5.86 5.331 5.782 6.278
Distribution rate - - - - - - - -
Net sales 1 8,956 10,521 11,944 12,876 13,721 14,194 14,680 15,116
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 10,605 11,032 11,340
Net income 1 18,508 10,175 -6,746 3,304 7,621 5,850 5,680 5,757
Net Debt 1 114,902 126,228 126,802 132,408 132,798 136,507 135,736 134,431
Reference price 2 108.63 48.52 71.52 76.80 68.20 51.42 51.42 51.42
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15x4.68x12.82x3.34% 43.27B
9.42x1.56x7.8x3.78% 33.93B
23.03x4.45x18.7x1.1% 31.6B
5.94x0.67x1.35x8.55% 28.15B
15.71x3.2x15.81x2.23% 26.43B
11.85x1.78x15.16x3.19% 21.92B
9.46x2.28x7.85x3.93% 20.67B
15.48x6.71x19.02x1.23% 20.58B
Average 13.24x 3.17x 12.32x 3.42% 28.32B
Weighted average by Cap. 13.47x 3.19x 12.15x 3.46%

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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