Financials Dustin Group AB OTC Markets

Equities

DUSXF

SE0006625471

Computer Hardware

Market Closed - OTC Markets Other stock markets 09:55:57 2023-12-19 EST			5-day change	1st Jan Change
0.936 ^USD	-85.56%		-.--%	-.--%

05-29	Certain Ordinary Shares of Dustin Group AB are subject to a Lock-Up Agreement Ending on 29-MAY-2024.	CI
05-22	Dustin Group AB Appoints Nomination Committee for Annual General Meeting 2023/2024	CI

Valuation

Fiscal Period: August	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	7,172	5,000	11,099	6,985	2,596	5,330	-
Enterprise Value (EV) ¹	8,908	6,429	14,733	11,494	7,390	8,173	8,010
P/E ratio	19.7 x	18 x	25.7 x	14.6 x	14.8 x	22.2 x	15.1 x
Yield	3.71%	3.9%	2.25%	-	-	3.4%	4.24%
Capitalization / Revenue	0.57 x	0.38 x	0.7 x	0.3 x	0.11 x	0.26 x	0.25 x
EV / Revenue	0.71 x	0.49 x	0.93 x	0.49 x	0.31 x	0.39 x	0.37 x
EV / EBITDA	14.8 x	11.6 x	15.2 x	9.46 x	7.71 x	9.09 x	8.03 x
EV / FCF	48,255,524 x	8,498,955 x	-4,916,033 x	29,216,280 x	19,503,139 x	-	-
FCF Yield	0%	0%	-0%	0%	0%	-	-
Price to Book	2.92 x	2.04 x	2.37 x	1.37 x	0.48 x	0.74 x	0.72 x
Nbr of stocks (in thousands)	88,647	88,647	113,023	113,119	113,944	452,475	-
Reference price ²	80.90	56.40	98.20	61.75	22.78	11.78	11.78
Announcement Date	19-10-09	20-10-07	21-10-06	22-10-11	23-10-11	-	-

¹SEK in Million²SEK

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: August	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	12,536	13,195	15,878	23,601	23,577	20,839	21,607
EBITDA ¹	601.1	554.2	970.8	1,215	958.4	899.2	997
EBIT ¹	489	387.2	576.2	758	467	491.1	595.5
Operating Margin	3.9%	2.93%	3.63%	3.21%	1.98%	2.36%	2.76%
Earnings before Tax (EBT) ¹	444.9	335.2	469.2	629.5	237.2	270.3	468.5
Net income ¹	356	277.3	357	477.7	174	205.6	356.4
Net margin	2.84%	2.1%	2.25%	2.02%	0.74%	0.99%	1.65%
EPS ²	4.110	3.130	3.820	4.220	1.540	0.5300	0.7800
Free Cash Flow	184.6	756.4	-2,997	393.4	378.9	-	-
FCF margin	1.47%	5.73%	-18.88%	1.67%	1.61%	-	-
FCF Conversion (EBITDA)	30.71%	136.49%	-	32.37%	39.53%	-	-
FCF Conversion (Net income)	51.85%	272.77%	-	82.35%	217.76%	-	-
Dividend per Share ²	3.000	2.200	2.210	-	-	0.4000	0.5000
Announcement Date	19-10-09	20-10-07	21-10-06	22-10-11	23-10-11	-	-

¹SEK in Million²SEK

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: August	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2
Net sales ¹	6,247	6,612	5,894	5,743	6,636	6,272	5,582	5,088	5,793	5,246
EBITDA	358.6	-	-	-	-	-	-	-	-	-
EBIT ¹	251	220.1	140	146.9	137.5	-	96.9	75	129	141.8
Operating Margin	4.02%	3.33%	2.38%	2.56%	2.07%	-	1.74%	1.47%	2.23%	2.7%
Earnings before Tax (EBT)	218.3	-	-	-	-	-	-	-	-	-
Net income	166	-	-	-	-	-	-	-	-	-
Net margin	2.66%	-	-	-	-	-	-	-	-	-
EPS	1.460	1.270	0.7500	0.7300	0.5900	0.7200	0.2100	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-
Announcement Date	22-01-12	22-04-06	22-07-05	22-10-11	23-01-11	23-03-29	23-06-27	23-10-11	24-01-10	24-04-10

¹SEK in Million

Estimates

Balance Sheet Analysis

Fiscal Period: August	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	1,736	1,429	3,634	4,509	4,794	2,843	2,680
Net Cash position ¹	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.889 x	2.578 x	3.743 x	3.71 x	5.002 x	3.162 x	2.688 x
Free Cash Flow	185	756	-2,997	393	379	-	-
ROE (net income / shareholders' equity)	14.5%	11.3%	7.6%	9.4%	3.4%	-	-
ROA (Net income/ Total Assets)	5.3%	3.69%	3.23%	3.17%	1.09%	-	-
Assets ¹	6,723	7,522	11,047	15,086	15,994	-	-
Book Value Per Share ²	27.80	27.70	41.40	45.00	47.30	16.00	16.40
Cash Flow per Share	3.040	-	-	-	-	-	-
Capex	79.4	111	85	191	240	-	-
Capex / Sales	0.63%	0.84%	0.54%	0.81%	1.02%	-	-
Announcement Date	19-10-09	20-10-07	21-10-06	22-10-11	23-10-11	-	-

¹SEK in Million²SEK

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Dustin Group AB

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

11.78 SEK

Average target price

14 SEK

Spread / Average Target

+18.85%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Computer Hardware

	1st Jan change	Capi.
DELL TECHNOLOGIES INC.	+80.27%	97.82B
HP INC.	+16.38%	34.27B
SEAGATE TECHNOLOGY HOLDINGS PLC	+20.97%	21.69B
LENOVO GROUP LIMITED	+0.92%	17.51B
LOGITECH INTERNATIONAL S.A.	+8.55%	14.84B
ASUSTEK COMPUTER INC.	+1.74%	11.39B
TD SYNNEX CORPORATION	+7.24%	9.77B
WISTRON CORPORATION	+7.51%	9.37B
ASIA VITAL COMPONENTS CO., LTD.	+127.34%	9.03B

Other Computer Hardware