Company Valuation: Epiroc AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 261,850 220,336 233,963 224,784 244,720 285,960 - -
Change - -15.85% 6.18% -3.92% 8.87% 16.85% - -
Enterprise Value (EV) 1 260,546 224,027 241,787 239,562 255,724 295,008 290,176 284,452
Change - -14.02% 7.93% -0.92% 6.75% 15.36% -1.64% -1.97%
P/E 39.2x 27.3x 25.9x 26.6x 29.5x 30.4x 25.3x 22.8x
PBR 10.7x 6.83x 6.56x 5.39x 6x 6.32x 5.51x 4.85x
PEG - 1.4x 2.1x -3.58x -17.77x 2.1x 1.2x 2.1x
Capitalization / Revenue 6.6x 4.43x 3.88x 3.53x 3.95x 4.29x 3.79x 3.53x
EV / Revenue 6.57x 4.51x 4.01x 3.77x 4.12x 4.42x 3.85x 3.51x
EV / EBITDA 24x 16.1x 15.3x 14.9x 16.8x 17.7x 15x 13.5x
EV / EBIT 28.6x 19.1x 18.4x 19x 21.1x 21.7x 18x 16x
EV / FCF 39x 49.3x 44.3x 27.8x 29.5x 34.9x 27.8x 22.7x
FCF Yield 2.56% 2.03% 2.26% 3.59% 3.39% 2.86% 3.59% 4.4%
Dividend per Share 2 3 3.4 3.8 3.8 3.8 4.089 4.7 5.204
Rate of return 1.31% 1.79% 1.88% 1.97% 1.81% 1.65% 1.89% 2.1%
EPS 2 5.84 6.95 7.81 7.23 7.11 8.159 9.819 10.9
Distribution rate 51.4% 48.9% 48.7% 52.6% 53.4% 50.1% 47.9% 47.8%
Net sales 1 39,645 49,694 60,343 63,604 61,998 66,693 75,386 81,052
EBITDA 1 10,844 13,885 15,780 16,068 15,213 16,670 19,384 21,123
EBIT 1 9,098 11,755 13,117 12,624 12,125 13,587 16,145 17,773
Net income 1 7,058 8,397 9,431 8,731 8,602 9,916 11,954 13,220
Net Debt 1 -1,304 3,691 7,824 14,778 11,004 9,048 4,216 -1,508
Reference price 2 229.20 189.85 202.20 192.55 209.90 248.30 248.30 248.30
Nbr of stocks (in thousands) 1,206,255 1,206,183 1,206,846 1,208,218 1,208,994 1,209,940 - -
Announcement Date 1/26/22 1/31/23 1/24/24 1/30/25 1/26/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.54x1.94x15.84x2.65% 64.67B
16.26x1.64x9.32x2.74% 41.17B
11.85x1.09x10.91x4.37% 38.62B
30.06x4.37x17.49x1.67% 28.93B
11.44x1.51x9.23x1.94% 20.21B
22.5x2.11x11.42x2.11% 18.68B
23.88x2.65x14.29x2.51% 16.14B
32.01x1.05x18.55x1.14% 17.02B
13.84x - - 0.7% 16.63B
Average 20.27x 2.04x 13.38x 2.2% 29.12B
Weighted average by Cap. 19.60x 2.00x 13.37x 2.49%

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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