Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 308,148 - -
Change - -38.58% 3.04% 42.39% 0.82% 2.05% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 258,982 249,855 242,854
Change - -36.08% 11.82% 32.33% -1.1% -6.85% -3.52% -2.8%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 17.7x 15x 13.6x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 2.8x 2.62x 2.44x
PEG - -0.6x 0x -90x 0x -0.5x 0.8x 1.3x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.36x 1.34x 1.31x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.15x 1.08x 1.03x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 6.88x 6.57x 6.11x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 8.75x 8.34x 7.72x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 11.3x 9.58x 9.15x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.83% 10.4% 10.9%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.063 3.176 3.32
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 3.26% 3.39% 3.54%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.306 6.248 6.882
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 57.7% 50.8% 48.2%
Net sales 1 232,314 271,546 263,351 247,880 236,681 226,153 230,405 235,282
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,622 38,042 39,778
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,592 29,966 31,473
Net income 1 23,000 18,724 -26,446 20 28,428 17,844 20,326 21,797
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -49,167 -58,294 -65,294
Reference price 2 99.79 60.90 63.11 89.88 90.60 93.82 93.82 93.82
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,283,682 - -
Announcement Date 1/25/22 1/20/23 1/23/24 1/24/25 1/23/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.67x7.46x19.28x1.43% 457B
53.47x18.23x38.07x-.--% 227B
18.48x0.76x13.39x2.43% 167B
31.84x10.16x25.16x0.33% 156B
32.85x6.23x18.23x1.09% 72.33B
29.35x6.65x22.39x1.4% 56.66B
144.54x18.61x54.57x-.--% 55.54B
72.44x8.44x38.96x-.--% 53.37B
38.99x2x12.99x1.89% 51.25B
Average 50.85x 8.73x 27.00x 0.95% 144.01B
Weighted average by Cap. 42.00x 9.01x 24.67x 1.05%

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