Company Valuation: Epiroc AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 261,850 220,336 233,963 224,784 244,720 309,391 - -
Change - -15.85% 6.18% -3.92% 8.87% 26.43% - -
Enterprise Value (EV) 1 260,546 224,027 241,787 239,562 255,724 318,406 313,563 307,843
Change - -14.02% 7.93% -0.92% 6.75% 24.51% -1.52% -1.82%
P/E 39.2x 27.3x 25.9x 26.6x 29.5x 32.9x 27.4x 24.6x
PBR 10.7x 6.83x 6.56x 5.39x 6x 6.84x 5.96x 5.25x
PEG - 1.4x 2.1x -3.58x -17.77x 2.2x 1.3x 2.2x
Capitalization / Revenue 6.6x 4.43x 3.88x 3.53x 3.95x 4.64x 4.1x 3.81x
EV / Revenue 6.57x 4.51x 4.01x 3.77x 4.12x 4.77x 4.16x 3.8x
EV / EBITDA 24x 16.1x 15.3x 14.9x 16.8x 19.1x 16.2x 14.5x
EV / EBIT 28.6x 19.1x 18.4x 19x 21.1x 23.4x 19.4x 17.3x
EV / FCF 39x 49.3x 44.3x 27.8x 29.5x 37.7x 30.1x 24.6x
FCF Yield 2.56% 2.03% 2.26% 3.59% 3.39% 2.65% 3.33% 4.06%
Dividend per Share 2 3 3.4 3.8 3.8 3.8 4.094 4.706 5.221
Rate of return 1.31% 1.79% 1.88% 1.97% 1.81% 1.52% 1.75% 1.94%
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% 50.2% 47.9% 47.9%
Net sales 1 39,645 49,694 60,343 63,604 61,998 66,724 75,405 81,118
EBITDA 1 10,844 13,885 15,780 16,068 15,213 16,693 19,404 21,159
EBIT 1 9,098 11,755 13,117 12,624 12,125 13,609 16,164 17,807
Net income 1 7,058 8,397 9,431 8,731 8,602 9,934 11,971 13,251
Net Debt 1 -1,304 3,691 7,824 14,778 11,004 9,015 4,172 -1,548
Reference price 2 229.20 189.85 202.20 192.55 209.90 268.60 268.60 268.60
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.($)
32.92x4.77x19.07x1.52% 32.28B
21.01x1.98x16.25x2.6% 65.97B
17.41x1.72x9.8x2.6% 42.01B
12.58x1.15x11.55x4.14% 41.24B
23.87x2.22x12.06x1.99% 19.92B
12.04x1.54x9.76x1.9% 19.9B
25.74x2.85x15.32x2.33% 17.48B
14.16x - - 0.69% 17.11B
27.19x0.91x15.73x1.45% 14.46B
25.46x2x16.19x2.04% 10.8B
Average 21.24x 2.13x 13.97x 2.13% 28.12B
Weighted average by Cap. 20.54x 2.14x 13.94x 2.4%

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