Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 306,533 - -
Change - -38.58% 3.04% 42.39% 0.82% 1.51% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 257,366 248,239 241,239
Change - -36.08% 11.82% 32.33% -1.1% -7.43% -3.55% -2.82%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 17.5x 14.9x 13.5x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 2.77x 2.59x 2.41x
PEG - -0.6x 0x -90x 0x -0.5x 0.8x 1.3x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.36x 1.33x 1.3x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.14x 1.08x 1.03x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 6.84x 6.53x 6.06x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 8.7x 8.2x 7.66x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 11.2x 9.58x 9.09x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.91% 10.4% 11%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.059 3.177 3.32
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 3.3% 3.42% 3.58%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.306 6.248 6.882
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 57.7% 50.9% 48.2%
Net sales 1 232,314 271,546 263,351 247,880 236,681 226,153 230,855 235,282
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,622 38,042 39,778
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,592 30,286 31,473
Net income 1 23,000 18,724 -26,446 20 28,428 17,844 20,326 21,797
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -49,167 -58,294 -65,294
Reference price 2 99.79 60.90 63.11 89.88 90.60 92.80 92.80 92.80
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,301,748 - -
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.($)
34.04x7.13x18.42x1.5% 436B
50.21x17.04x35.58x-.--% 213B
18.42x0.76x13.34x2.43% 166B
35.48x10.81x26.87x0.29% 165B
30.94x5.9x17.27x1.16% 68.13B
154.99x19.95x58.51x-.--% 59.56B
35.46x2.24x14.57x1.69% 57.08B
72.77x8.48x39.13x-.--% 53.62B
26.12x5.58x19.32x1.69% 47.21B
Average 50.94x 8.66x 27.00x 0.97% 140.68B
Weighted average by Cap. 41.84x 8.76x 24.31x 1.07%

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