Financials Epiroc AB

Equities

EPI A

SE0015658109

Heavy Machinery & Vehicles

Real-time Estimate Cboe Europe Other stock markets 08:32:23 2026-01-22 EST			5-day change	1st Jan Change
228.80 ^SEK	-0.69%		+1.64%	+9.29%

04:34am	Epiroc Expected to Report Adjusted Operating Profit of SEK 3,211 Million - Factset	FW
04:20am	14 Stocks Reach New 52-Week Highs on the Stockholm Stock Exchange Today	FW

Projected Income Statement: Epiroc AB

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	36,122	39,645	49,694	60,343	63,604	62,515	64,646	69,228
Change	-	9.75%	25.35%	21.43%	5.4%	-1.71%	3.41%	7.09%
EBITDA ¹	9,415	10,844	13,885	15,780	16,068	15,219	16,122	17,679
Change	-	15.18%	28.04%	13.65%	1.83%	-5.28%	5.93%	9.66%
EBIT ¹	7,669	9,098	11,755	13,117	12,624	12,229	13,091	14,552
Change	-	18.63%	29.2%	11.59%	-3.76%	-3.13%	7.05%	11.15%
Interest Paid ¹	-295	-31	-369	-948	-946	-779.6	-643	-569
Earnings before Tax (EBT) ¹	7,087	8,964	10,778	12,235	11,439	11,159	12,418	14,045
Change	-	26.49%	20.24%	13.52%	-6.51%	-2.45%	11.28%	13.1%
Net income ¹	5,399	7,058	8,397	9,431	8,731	8,589	9,453	10,672
Change	-	30.73%	18.97%	12.31%	-7.42%	-1.63%	10.07%	12.89%
Announcement Date	1/26/21	1/26/22	1/31/23	1/24/24	1/30/25	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	9,806	8,773	9,733	9,966	11,173	11,088	11,868	12,802	13,936	13,868	15,910	14,997	15,568	14,143	16,511	15,699	17,251	15,536	15,130	15,242	16,398	15,168	15,953	15,943	17,420
Change	-	-10.53%	10.94%	2.39%	12.11%	-0.76%	7.03%	7.87%	8.86%	-0.49%	14.72%	-5.74%	3.81%	-9.15%	16.74%	-4.92%	9.89%	-9.94%	-2.61%	0.74%	7.59%	-7.5%	5.17%	-0.06%	9.26%
EBITDA ¹	2,718	2,398	2,608	2,793	3,045	3,054	3,288	3,590	3,953	3,822	4,073	3,973	3,912	3,560	4,034	4,254	4,220	3,889	3,752	3,755	4,024	3,714	3,877	3,858	-
Change	-	-11.77%	8.76%	7.09%	9.02%	0.3%	7.66%	9.18%	10.11%	-3.31%	6.57%	-2.46%	-1.54%	-9%	13.31%	5.45%	-0.8%	-7.84%	-3.52%	0.08%	7.15%	-7.69%	4.37%	-0.47%	-
EBIT ¹	2,279	2,016	2,197	2,331	2,554	2,588	2,801	3,064	3,302	3,187	3,429	3,272	3,229	2,887	3,246	3,086	3,405	3,099	2,984	2,896	3,210	2,979	3,200	3,162	3,445
Change	-	-11.54%	8.98%	6.1%	9.57%	1.33%	8.23%	9.39%	7.77%	-3.48%	7.59%	-4.58%	-1.31%	-10.59%	12.44%	-4.93%	10.34%	-8.99%	-3.71%	-2.95%	10.83%	-7.19%	7.41%	-1.17%	8.94%
Charge d'intérêts ¹	-122	-33	-44	73	-27	-67	-89	-24	-189	-89	15	-331	-435	-128	-265	-264	-301	-207	-131	-236	-186.2	-216	-217	-217	-217
Earnings before Tax (EBT) ¹	2,090	1,834	2,138	2,425	2,567	2,564	2,292	2,876	3,046	2,964	3,428	2,929	2,914	2,644	2,656	3,013	3,126	2,881	2,700	2,566	2,997	2,891	3,102	3,110	3,421
Change	-	-12.25%	16.58%	13.42%	5.86%	-0.12%	-10.61%	25.48%	5.91%	-2.69%	15.65%	-14.56%	-0.51%	-9.27%	0.45%	13.44%	3.75%	-7.84%	-6.28%	-4.96%	16.79%	-3.53%	7.29%	0.25%	10.02%
Net income ¹	1,633	1,387	1,691	1,926	2,054	1,997	1,770	2,239	2,391	2,290	2,645	2,235	2,261	2,008	2,042	2,318	2,363	2,200	2,098	1,955	2,285	2,206	2,357	2,356	2,651
Change	-	-15.06%	21.92%	13.9%	6.65%	-2.78%	-11.37%	26.5%	6.79%	-4.22%	15.5%	-15.5%	1.16%	-11.19%	1.69%	13.52%	1.94%	-6.9%	-4.64%	-6.82%	16.9%	-3.49%	6.86%	-0.04%	12.51%
Announcement Date	1/26/21	4/28/21	7/20/21	10/21/21	1/26/22	4/25/22	7/20/22	10/26/22	1/31/23	4/28/23	7/18/23	10/27/23	1/24/24	4/23/24	7/19/24	10/25/24	1/30/25	4/29/25	7/18/25	10/29/25	-	-	-	-	-

¹SEK in Million

Estimates

Forecast Balance Sheet: Epiroc AB

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-4,137	-1,304	3,691	7,824	14,778	10,532	6,472	2,237
Change	-	68.48%	383.05%	111.98%	88.88%	-28.73%	-38.55%	-65.44%
Announcement Date	1/26/21	1/26/22	1/31/23	1/24/24	1/30/25	-	-	-

¹SEK in Million

Estimates

Cash Flow Forecast: Epiroc AB

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,005	926	1,014	1,687	1,856	1,987	1,917	2,025
Change	-	-7.86%	9.5%	66.37%	10.02%	7.08%	-3.55%	5.67%
Free Cash Flow (FCF) ¹	7,329	6,681	4,544	5,456	8,604	9,750	9,810	10,071
Change	-	-8.84%	-31.99%	20.07%	57.7%	13.32%	0.61%	2.66%
Announcement Date	1/26/21	1/26/22	1/31/23	1/24/24	1/30/25	-	-	-

¹SEK in Million

Estimates

Forecast Financial Ratios: Epiroc AB

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	26.06%	27.35%	27.94%	26.15%	25.26%	24.35%	24.94%	25.54%
EBIT Margin (%)	21.23%	22.95%	23.65%	21.74%	19.85%	19.56%	20.25%	21.02%
EBT Margin (%)	19.62%	22.61%	21.69%	20.28%	17.98%	17.85%	19.21%	20.29%
Net margin (%)	14.95%	17.8%	16.9%	15.63%	13.73%	13.74%	14.62%	15.42%
FCF margin (%)	20.29%	16.85%	9.14%	9.04%	13.53%	15.6%	15.18%	14.55%
FCF / Net Income (%)	135.75%	94.66%	54.11%	57.85%	98.55%	113.53%	103.77%	94.37%
Profitability
ROA	13.23%	15.27%	15.22%	14.56%	11.54%	10.09%	10.88%	11.37%
ROE	22.7%	29.5%	28.4%	26.8%	22.2%	20.03%	20.67%	20.83%
Financial Health
Leverage (Debt/EBITDA)	-	-	0.27x	0.5x	0.92x	0.69x	0.4x	0.13x
Debt / Free cash flow	-	-	0.81x	1.43x	1.72x	1.08x	0.66x	0.22x
Capital Intensity
CAPEX / Current Assets (%)	2.78%	2.34%	2.04%	2.8%	2.92%	3.18%	2.97%	2.93%
CAPEX / EBITDA (%)	10.67%	8.54%	7.3%	10.69%	11.55%	13.06%	11.89%	11.46%
CAPEX / FCF (%)	13.71%	13.86%	22.32%	30.92%	21.57%	20.38%	19.54%	20.11%
Items per share
Cash flow per share ¹	6.916	6.297	4.601	5.918	8.659	8.985	9.577	10.27
Change	-	-8.95%	-26.94%	28.62%	46.31%	3.77%	6.58%	7.21%
Dividend per Share ¹	2.5	3	3.4	3.8	3.8	3.737	3.944	4.346
Change	-	20%	13.33%	11.76%	0%	-1.65%	5.53%	10.18%
Book Value Per Share ¹	19.71	21.4	27.8	30.8	35.7	35.5	39.61	44.51
Change	-	8.57%	29.91%	10.79%	15.91%	-0.57%	11.58%	12.39%
EPS ¹	4.48	5.84	6.95	7.81	7.23	7.027	7.831	8.847
Change	-	30.36%	19.01%	12.37%	-7.43%	-2.81%	11.45%	12.97%
Nbr of stocks (in thousands)	1,205,567	1,206,255	1,206,183	1,206,846	1,208,218	1,208,994	1,208,994	1,208,994
Announcement Date	1/26/21	1/26/22	1/31/23	1/24/24	1/30/25	-	-	-