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 62,611 - -
Change - -53.94% 47.4% 10.73% -11.2% -22.85% - -
Enterprise Value (EV) 1 236,463 182,220 209,336 223,800 213,956 199,250 198,484 197,192
Change - -22.94% 14.88% 6.91% -4.4% -6.87% -0.38% -0.65%
P/E 6.57x 5.34x -12.2x 27.2x 11.6x 9.65x 9.16x 8.45x
PBR 1.57x 0.62x 1x 1.03x 0.86x 0.62x 0.58x 0.54x
PEG - -0.1x 0x -0x 0x -1.57x 1.74x 1.01x
Capitalization / Revenue 13.6x 5.32x 6.91x 7.1x 5.91x 4.41x 4.27x 4.14x
EV / Revenue 26.4x 17.3x 17.5x 17.4x 15.6x 14x 13.5x 13x
EV / EBITDA 39.9x 26.9x 24.3x 26.2x 23.4x 19.9x 19x 18.2x
EV / EBIT 36.5x 27x 24.3x 26.6x 23.6x 18.8x 18x 17.4x
EV / FCF -8.34x -23.2x -155x 117x 150x 67.4x 66.5x 64.2x
FCF Yield -12% -4.32% -0.65% 0.85% 0.67% 1.48% 1.5% 1.56%
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 53.06 53.06 53.06
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.96x4.76x12.78x3.39% 42.6B
21.02x4.29x17.57x1.19% 31.1B
8x1.42x7.11x4.46% 28.79B
5.92x0.69x1.42x8.43% 28.54B
14.08x3.08x14.78x2.5% 25.23B
15.26x6.86x18.4x1.4% 21.59B
8.64x2.19x7x4.09% 19.99B
9.48x1.6x13.59x3.99% 17.51B
Average 12.17x 3.11x 11.58x 3.68% 26.92B
Weighted average by Cap. 12.60x 3.22x 11.54x 3.69%

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