Company Valuation: CombinedX AB

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 472.5 597.1 584.1 716.8 773.3 - -
Change - 26.37% -2.17% 22.72% 7.88% - -
Enterprise Value (EV) 472.5 524.2 510.2 716.8 773.3 773.3 773.3
Change - 10.94% -2.67% 40.49% 7.88% 0% 0%
P/E 13.3x 8.53x 11.4x 18.5x 5.41x 17.6x 14.6x
PBR - - - - - - -
PEG -0.3x 0.1x -0.4x -0.6x 0x -0.3x 0.7x
Capitalization / Revenue 0.73x 0.78x 0.63x 0.76x 0.94x 1.1x 1.04x
EV / Revenue 0x 0x 0x 0x 0.94x 1.1x 1.04x
EV / EBITDA 0x 0x 0x 0x 3.72x 7.95x 7.41x
EV / EBIT 0x 0x 0x 0x 5.09x 14x 11.7x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 - - - - - - -
Rate of return - - - - - - -
EPS 2 2.1 4.09 2.82 1.99 7.34 2.26 2.72
Distribution rate - - - - - - -
Net sales 1 650.5 765.7 929.9 947.7 826.9 703.9 742.4
EBITDA 1 80.9 117.1 111.6 116.3 208 97.3 104.4
EBIT 1 52.6 80 63.1 58.2 151.8 55.1 66.3
Net income 1 35.2 70.7 50.6 37.7 141.6 43.6 52.6
Net Debt - -72.9 -73.9 - - - -
Reference price 2 28.00 34.90 32.10 36.80 39.70 39.70 39.70
Nbr of stocks (in thousands) 16,875 17,109 18,197 19,479 19,479 - -
Announcement Date 2/16/23 2/7/24 2/13/25 2/11/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.54x3.69x12.88x2.95% 216B
-130.35x18.18x100.79x-.--% 117B
13.46x1.48x7.8x3.56% 111B
13.63x2.48x9.35x6.03% 79.37B
19.51x5.17x12.71x2.91% 58.38B
13.79x1.99x8.45x5.65% 44.37B
22.36x1.83x11.42x1.31% 43.97B
21.06x1.6x10.17x0.89% 40.66B
17.22x2.17x10.3x5.08% 35.23B
Average 1.47x 4.29x 20.43x 3.15% 82.93B
Weighted average by Cap. -4.86x 5.23x 24.92x 2.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


-40%: Exceptional extension
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