Projected Income Statement: 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 -51,823 -61,093 -68,492
Change - 59.73% 114.83% -976.13% -30.17% -116.49% -17.89% -12.11%
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 3,271 3,327 3,519
Change - 19.17% -22.02% -29.03% 12.39% 24.39% 1.7% 5.78%
Free Cash Flow (FCF) 1 35,517 26,635 3,880 43,921 26,769 22,110 24,983 26,004
Change - -25.01% -85.43% 1,031.98% -39.05% -17.41% 13% 4.08%
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% 16.63% 16.32% 16.68%
EBIT Margin (%) 13.9% 10.1% 6.87% 9.95% 17.31% 12.76% 12.82% 13.21%
EBT Margin (%) 12.59% 9.06% -8.85% 1.04% 16.18% 10.71% 12.13% 12.52%
Net margin (%) 9.9% 6.9% -10.04% 0.01% 12.01% 7.88% 8.93% 9.09%
FCF margin (%) 15.29% 9.81% 1.47% 17.72% 11.31% 9.78% 10.83% 11.03%
FCF / Net Income (%) 154.42% 142.25% -14.67% 219,605% 94.16% 124.14% 121.29% 121.31%

Profitability

        
ROA 7.86% 7.41% -8.18% 0.01% 9.95% 6.78% 7.55% 7.84%
ROE 23.2% 15.37% 10.38% 3.07% 29.61% 18.86% 20.42% 20.77%

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% 1.45% 1.44% 1.49%
CAPEX / EBITDA (%) 8.59% 11.14% 10.96% 4.65% 5.24% 8.7% 8.84% 8.95%
CAPEX / FCF (%) 9.99% 15.87% 84.97% 5.33% 9.82% 14.8% 13.32% 13.53%

Items per share

        
Cash flow per share 1 11.72 9.257 2.155 13.88 9.887 7.664 8.35 8.846
Change - -21.04% -76.72% 544.19% -28.79% -22.48% 8.94% 5.93%
Dividend per Share 1 2.5 2.5 2.7 2.85 3 3.035 3.154 3.285
Change - 0% 8% 5.56% 5.26% 1.16% 3.92% 4.15%
Book Value Per Share 1 32.64 40.44 29.25 28.3 32.86 33.43 35.92 38.83
Change - 23.9% -27.66% -3.27% 16.14% 1.73% 7.46% 8.08%
EPS 1 6.81 5.62 -7.94 0.01 8.51 5.382 6.485 6.967
Change - -17.47% -241.28% 100.13% 85,000% -36.76% 20.5% 7.43%
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,283,682 3,283,682 3,283,682
Announcement Date 1/25/22 1/20/23 1/23/24 1/24/25 1/23/26 - - -
1SEK
Estimates
2026 *2027 *
P/E 17.1x 14.2x
PBR 2.75x 2.56x
EV / Sales 1.11x 1.05x
Yield 3.3% 3.43%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
20
Last Close Price
92.04SEK
Average target price
96.79SEK
Spread / Average Target
+5.16%

Quarterly revenue - Rate of surprise