Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 302,508 - -
Change - -38.58% 3.04% 42.39% 0.82% 0.18% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 250,685 241,415 234,016
Change - -36.08% 11.82% 32.33% -1.1% -9.84% -3.7% -3.06%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 17.1x 14.2x 13.2x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 2.75x 2.56x 2.37x
PEG - -0.6x 0x -90x 0x -0.5x 0.7x 1.78x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.34x 1.31x 1.28x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.11x 1.05x 0.99x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 6.76x 6.45x 5.98x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 8.69x 8.16x 7.51x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 11.3x 9.66x 9x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.82% 10.3% 11.1%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.035 3.154 3.285
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 3.3% 3.43% 3.57%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.382 6.485 6.967
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 56.4% 48.6% 47.1%
Net sales 1 232,314 271,546 263,351 247,880 236,681 226,162 230,728 235,774
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,078 37,447 39,107
EBIT 1 32,300 27,419 18,093 24,658 40,971 28,852 29,571 31,153
Net income 1 23,000 18,724 -26,446 20 28,428 17,811 20,598 21,437
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -51,823 -61,093 -68,492
Reference price 2 99.79 60.90 63.11 89.88 90.60 92.04 92.04 92.04
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.($)
26.24x5.88x15.22x1.58% 424B
53.39x19.06x38.24x-.--% 257B
19.23x0.78x14.05x2.36% 172B
26.15x8.29x20.01x0.47% 142B
45.82x13.47x30.06x-.--% 87.12B
32.27x6.3x18.27x1.08% 73.81B
42.05x2.28x14.72x1.68% 57.35B
28.64x6.48x21.62x1.44% 55.32B
60.66x7.85x34.72x-.--% 49.89B
Average 37.16x 7.82x 22.99x 0.96% 146.51B
Weighted average by Cap. 34.32x 8.51x 22.20x 1.06%

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