Projected Income Statement: Bulten AB

Forecast Balance Sheet: Bulten AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 658 630 1,340 - 721 565 346 103
Change - -4.26% 112.7% - - -21.64% -38.76% -70.23%
Announcement Date 2/10/22 2/9/23 2/8/24 4/4/25 2/16/26 - - -
1SEK in Million
Estimates

Cash Flow Forecast: Bulten AB

Fiscal Period: December 2020 2021 2022 2023 2024 2025
CAPEX 1 54 170 267 148 200 170
Change - 214.81% 57.06% -44.57% 35.14% -15%
Free Cash Flow (FCF) 1 344.9 -161.8 -83 185.4 42.25 467
Change - -146.9% 48.69% 323.34% -77.21% 1,005.33%
Announcement Date 4/6/21 4/6/22 4/3/23 4/3/24 4/4/25 4/1/26
1SEK in Million
Estimates

Forecast Financial Ratios: Bulten AB

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

         
EBITDA Margin (%) - 10.72% 7.93% 7.28% - 8.42% 12.07% 13.75% 15.25%
EBIT Margin (%) - 6.22% - - - 4.18% 6.53% 9.23% 10.38%
EBT Margin (%) - 5.63% 3.46% 3.42% - 1.19% 1.65% 7.62% 8.92%
Net margin (%) - 3.83% 1.23% 1.79% - - - - -
FCF margin (%) - -3.27% - - - - - - -
FCF / Net Income (%) - -85.31% - - - - - - -

Profitability

         
ROA 2.88% 4.22% 2.62% 3.22% 3.88% 2.02% - - -
ROE 3.32% 9.61% 4.21% 6.93% 8.28% 0.94% - - -

Financial Health

         
Leverage (Debt/EBITDA) - 1.64x 1.77x 3.2x - 1.7x 1.54x 0.8x 0.2x
Debt / Free cash flow - -5.39x - - - - - - -

Capital Intensity

         
CAPEX / Current Assets (%) - 4.56% 5.97% 2.57% - - - - -
CAPEX / EBITDA (%) - 42.5% 75.21% 35.32% - - - - -
CAPEX / FCF (%) - -139.34% - - - - - - -

Items per share

         
Cash flow per share 1 - - - - - 20.45 15.41 15.87 17.07
Change - - - - - - -24.63% 2.95% 7.56%
Dividend per Share 1 - 2.25 2.5 2.5 - - - 1 1.5
Change - - 11.11% 0% - - - - 50%
Book Value Per Share 1 - 79.09 85.72 85.88 - 82.09 - - -
Change - - 8.38% 0.19% - - - - -
EPS 1 - 6.85 2.65 4.89 6.45 -0.55 0.3639 6.982 8.81
Change - - -61.31% 84.53% 31.9% -108.53% 166.16% 1,818.82% 26.17%
Nbr of stocks (in thousands) - 20,988 20,988 20,988 20,988 20,988 20,988 20,988 20,988
Announcement Date - 2/10/22 2/9/23 2/8/24 4/4/25 2/16/26 - - -
1SEK
Estimates
2026 *2027 *
P/E 164x 8.52x
PBR - -
EV / Sales 0.6x 0.51x
Yield - 1.68%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
-
Investor
-
Global
-
Quality
-
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
59.50SEK
Average target price
65.00SEK
Spread / Average Target
+9.24%

Annual profits - Rate of surprise