Projected Income Statement: ERICSSON

Forecast Balance Sheet: ERICSSON

Forecast Balance Sheet - ERICSSON
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -51,291 -58,705 -69,323
Change - 59.73% 114.83% -976.13% -30.17% -114.27% -14.45% -18.09%
Announcement Date 1/25/22 1/20/23 1/23/24 1/24/25 1/23/26 - - -
1SEK in Million
Estimates

Cash Flow Forecast: ERICSSON

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 3,548 4,228 3,297 2,340 2,630 3,119 3,241 3,479
Change - 19.17% -22.02% -29.03% 12.39% 18.6% 3.92% 7.33%
Free Cash Flow (FCF) 1 35,517 26,635 3,880 43,921 26,769 25,002 24,603 27,134
Change - -25.01% -85.43% 1,031.98% -39.05% -6.6% -1.59% 10.29%
Announcement Date 1/25/22 1/20/23 1/23/24 1/24/25 1/23/26 - - -
1SEK in Million
Estimates

Forecast Financial Ratios: ERICSSON

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 17.78% 13.98% 11.42% 20.32% 21.22% 17.23% 16.42% 16.65%
EBIT Margin (%) 13.9% 10.1% 6.87% 9.95% 17.31% 14.05% 13.33% 13.58%
EBT Margin (%) 12.59% 9.06% -8.85% 1.04% 16.18% 11.4% 12.04% 12.82%
Net margin (%) 9.9% 6.9% -10.04% 0.01% 12.01% 8.29% 8.92% 9.35%
FCF margin (%) 15.29% 9.81% 1.47% 17.72% 11.31% 10.83% 10.47% 11.37%
FCF / Net Income (%) 154.42% 142.25% -14.67% 219,605% 94.16% 130.59% 117.36% 121.67%

Profitability

        
ROA 7.86% 7.41% -8.18% 0.01% 9.95% 7.23% 7.45% 7.71%
ROE 23.2% 15.37% 10.38% 3.07% 29.61% 20.83% 20.66% 20.64%

Financial Health

        
Leverage (Debt/EBITDA) - - 0.07x - - - - -
Debt / Free cash flow - - 0.54x - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 1.53% 1.56% 1.25% 0.94% 1.11% 1.35% 1.38% 1.46%
CAPEX / EBITDA (%) 8.59% 11.14% 10.96% 4.65% 5.24% 7.84% 8.4% 8.76%
CAPEX / FCF (%) 9.99% 15.87% 84.97% 5.33% 9.82% 12.48% 13.17% 12.82%

Items per share

        
Cash flow per share 1 11.72 9.257 2.155 13.88 9.887 8.087 8.796 9.212
Change - -21.04% -76.72% 544.19% -28.79% -18.21% 8.76% 4.73%
Dividend per Share 1 2.5 2.5 2.7 2.85 3 3.059 3.225 3.38
Change - 0% 8% 5.56% 5.26% 1.95% 5.43% 4.81%
Book Value Per Share 1 32.64 40.44 29.25 28.3 32.86 33.82 36.69 39.43
Change - 23.9% -27.66% -3.27% 16.14% 2.92% 8.47% 7.48%
EPS 1 6.81 5.62 -7.94 0.01 8.51 5.812 6.663 7.195
Change - -17.47% -241.28% 100.13% 85,000% -31.71% 14.66% 7.98%
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,257,271 3,257,271 3,257,271
Announcement Date 1/25/22 1/20/23 1/23/24 1/24/25 1/23/26 - - -
1SEK
Estimates
2026 *2027 *
P/E 17.7x 15.4x
PBR 3.04x 2.8x
EV / Sales 1.23x 1.18x
Yield 2.97% 3.13%

EPS & Dividend

EPS & Dividend - ERICSSON


Y-o-Y evolution of P/E

Valuation ratios - P/E - ERICSSON
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - ERICSSON
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - ERICSSON
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
19
Last Close Price
104.85SEK
Average target price
100.00SEK
Spread / Average Target
-4.63%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - ERICSSON