Company Valuation: BTS Group AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,793 5,638 5,741 5,101 2,847 3,646 - -
Change - -27.66% 1.84% -11.15% -44.18% 28.06% - -
Enterprise Value (EV) 1 7,340 5,061 5,209 4,819 2,801 3,516 3,411 3,289
Change - -31.05% 2.93% -7.48% -41.87% 25.51% -2.99% -3.58%
P/E 36.3x 28.4x 26.7x 13.2x 21.3x 20.7x 17x 14.9x
PBR 7.94x 4.64x 4.41x 3.06x 1.97x 2.45x 2.27x 2.1x
PEG - -3.63x 3.25x 0.2x -0.3x 0.7x 0.8x 1x
Capitalization / Revenue 4.07x 2.23x 2.14x 1.82x 1.05x 1.35x 1.25x 1.16x
EV / Revenue 3.83x 2x 1.94x 1.72x 1.04x 1.3x 1.17x 1.04x
EV / EBITDA 20.4x 12.1x 12.3x 11x 8.16x 8.65x 7.42x 6.46x
EV / EBIT 28.7x 16.7x 18.1x 16.2x 14x 13.2x 10.8x 9.11x
EV / FCF 56.4x 28.4x 86.4x 24.4x 18.1x 21.4x 14.3x 12.1x
FCF Yield 1.77% 3.52% 1.16% 4.1% 5.51% 4.68% 7.01% 8.27%
Dividend per Share 2 4.8 5.4 5.7 6.1 4.4 4.923 5.913 6.74
Rate of return 1.19% 1.86% 1.93% 2.32% 3% 2.62% 3.15% 3.59%
EPS 2 11.11 10.24 11.08 19.95 6.89 9.063 11.03 12.65
Distribution rate 43.2% 52.7% 51.4% 30.6% 63.9% 54.3% 53.6% 53.3%
Net sales 1 1,917 2,530 2,683 2,802 2,703 2,696 2,913 3,150
EBITDA 1 359.5 419.9 421.9 439 343.2 406.7 460 509.3
EBIT 1 256 303.3 288 298 200 266.3 316.7 361
Net income 1 214.7 198 214.8 387 133.6 176 214 245.7
Net Debt 1 -453.2 -577.1 -532.3 -282 -46.14 -130.5 -235.5 -357.5
Reference price 2 403.00 291.00 296.00 263.00 146.80 188.00 188.00 188.00
Nbr of stocks (in thousands) 19,338 19,374 19,397 19,397 19,397 19,396 - -
Announcement Date 2/23/22 2/24/23 2/22/24 2/26/25 2/20/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.74x1.3x8.65x2.62% 384M
41.8x - - - 1.54B
34.58x5.54x18.89x-.--% 1.98B
50.29x - - - 1.25B
8.56x1.04x2.65x8.12% 1.23B
17.08x - - 5.17% 1B
Average 28.84x 2.63x 10.06x 3.98% 1.23B
Weighted average by Cap. 31.32x 3.55x 12.26x 3.51%

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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  4. Valuation BTS Group AB