Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 353,887 - -
Change - -38.58% 3.04% 42.39% 0.82% 17.19% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 302,809 293,994 284,573
Change - -36.08% 11.82% 32.33% -1.1% 8.91% -2.91% -3.2%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 19.5x 16.3x 15.4x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.19x 2.97x 2.75x
PEG - -0.6x 0x -90x 0x -0.5x 0.9x 2.48x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.56x 1.53x 1.5x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.33x 1.27x 1.21x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 8.06x 7.69x 7.16x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 10.3x 9.37x 8.88x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 13x 12x 11.2x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 7.68% 8.35% 8.94%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.1 3.242 3.405
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.91% 3.05% 3.2%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.467 6.513 6.918
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 56.7% 49.8% 49.2%
Net sales 1 232,314 271,546 263,351 247,880 236,681 227,416 231,439 236,126
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,586 38,231 39,756
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,428 31,382 32,049
Net income 1 23,000 18,724 -26,446 20 28,428 18,783 21,596 22,380
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -51,078 -59,893 -69,314
Reference price 2 99.79 60.90 63.11 89.88 90.60 106.45 106.45 106.45
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,323,585 - -
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.($)
34.8x7.26x18.74x1.47% 444B
47.5x16.07x33.65x-.--% 201B
41.03x12.78x32.07x0.27% 183B
21.13x0.88x15.35x2.1% 189B
31.86x6.03x17.66x1.12% 70.16B
44.43x2.85x18.53x1.34% 71.67B
81.16x9.45x43.64x-.--% 59.8B
147.45x18.99x55.75x-.--% 56.66B
25.32x5.47x18.92x1.72% 46.29B
Average 52.74x 8.86x 28.26x 0.89% 146.97B
Weighted average by Cap. 42.60x 8.69x 25.02x 1.02%

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