Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 353,476 - -
Change - -38.58% 3.04% 42.39% 0.82% 17.06% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 302,616 294,168 285,067
Change - -36.08% 11.82% 32.33% -1.1% 8.84% -2.79% -3.09%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 19.5x 16.4x 15.4x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.19x 2.98x 2.77x
PEG - -0.6x 0x -90x 0x -0.5x 0.9x 2.44x
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 8.07x 7.73x 7.19x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 10.3x 9.38x 8.89x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 13.1x 12x 11.2x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 7.66% 8.32% 8.91%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.103 3.243 3.427
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.92% 3.05% 3.22%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.453 6.487 6.897
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 56.9% 50% 49.7%
Net sales 1 232,314 271,546 263,351 247,880 236,681 226,993 230,869 235,730
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,479 38,068 39,629
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,414 31,367 32,049
Net income 1 23,000 18,724 -26,446 20 28,428 18,735 21,514 22,315
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -50,861 -59,309 -68,410
Reference price 2 99.79 60.90 63.11 89.88 90.60 106.35 106.35 106.35
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
36.13x7.53x19.44x1.42% 461B
49.47x16.79x35.15x-.--% 210B
22.85x0.95x16.62x1.94% 204B
45.44x14.15x35.63x0.24% 201B
45.28x2.91x18.92x1.32% 72.73B
88.85x10.35x47.77x-.--% 65.46B
31.58x5.98x17.52x1.13% 69.54B
162.2x20.88x61.31x-.--% 62.33B
19.37x2.71x12.81x3.15% 45.9B
Average 55.69x 9.14x 29.46x 1.02% 154.68B
Weighted average by Cap. 45.35x 9.17x 26.59x 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