Company Valuation: Enzymatica AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,671 1,305 739.2 648 340.9 461.2
Change - -51.13% -43.36% -12.33% -47.39% 35.28%
Enterprise Value (EV) 1 2,662 1,276 710.8 657.7 267.9 429.1
Change - -52.06% -44.3% -7.47% -59.27% 60.16%
P/E -202x -28.2x -10.1x -13x -5.73x -8.89x
PBR 25x 10.4x 5.85x 8.46x 2.17x 3.71x
PEG - -0x -0.2x 0.4x 0.65x 0.4x
Capitalization / Revenue 24x 22.8x 15.1x 12.7x 7.48x 8.56x
EV / Revenue 23.9x 22.3x 14.5x 12.9x 5.88x 7.96x
EV / EBITDA -292x -29.6x -10.9x -14.6x -5.44x -8.79x
EV / EBIT -221x -28.2x -10.4x -13.7x -5.15x -8.35x
EV / FCF -302x -50.8x -16.2x -40.1x -5.45x -19.5x
FCF Yield -0.33% -1.97% -6.17% -2.49% -18.3% -5.12%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0926 -0.3096 -0.445 -0.3027 -0.2759 -0.2138
Distribution rate - - - - - -
Net sales 1 111.2 57.24 48.95 50.9 45.58 53.9
EBITDA 1 -9.122 -43.1 -65.08 -44.96 -49.22 -48.83
EBIT 1 -12.06 -45.25 -68.22 -48.06 -52.05 -51.37
Net income 1 -13.22 -45.39 -68.66 -49.73 -53.18 -51.89
Net Debt 1 -9.165 -28.98 -28.37 9.712 -73.01 -32.11
Reference price 2 18.700 8.740 4.500 3.945 1.580 1.900
Nbr of stocks (in thousands) 142,824 149,324 164,257 164,257 215,769 242,735
Announcement Date 3/31/21 3/31/22 4/5/23 4/9/24 4/10/25 4/14/26
1SEK in Million2SEK
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 51.11M
31.77x11.54x23.41x0.62% 994B
29.54x - - 2.02% 640B
32.92x7.63x15.78x2.67% 454B
18.71x4.57x11.31x2.91% 337B
19.41x5.08x12.59x3.21% 261B
20.34x4.19x11.96x2.11% 246B
23.87x6.3x11.23x2.67% 204B
12.3x4.48x9.37x4.08% 190B
-43.47x6.35x24.81x2.29% 178B
Average 16.16x 6.27x 15.06x 2.51% 350.48B
Weighted average by Cap. 23.19x 7.72x 17.10x 2.05%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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  4. Valuation Enzymatica AB
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