Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 321,503 - -
Change - -38.58% 3.04% 42.39% 0.82% 6.47% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 272,336 263,209 256,208
Change - -36.08% 11.82% 32.33% -1.1% -2.05% -3.35% -2.66%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 18.4x 15.7x 14.2x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 2.92x 2.73x 2.54x
PEG - -0.6x 0x -90x 0x -0.5x 0.9x 1.4x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.42x 1.4x 1.37x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.2x 1.14x 1.09x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.24x 6.92x 6.44x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 9.2x 8.78x 8.14x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 11.9x 10.1x 9.66x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.39% 9.91% 10.4%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.063 3.176 3.32
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 3.13% 3.25% 3.4%
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% 50.8% 48.2%
Net sales 1 232,314 271,546 263,351 247,880 236,681 226,153 230,405 235,282
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 29,966 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 97.78 97.78 97.78
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,283,682 - -
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.($)
38.11x7.96x20.55x1.34% 488B
55.44x19.74x39.62x-.--% 265B
22.11x0.88x15.87x2.09% 193B
32.38x10.18x25.06x0.34% 160B
188.79x27.66x81.09x-.--% 82.62B
34.07x6.59x18.82x0.99% 77.74B
83.01x9.67x44.63x-.--% 61.16B
30.97x7.03x23.52x1.33% 59.78B
43.07x2.28x14.83x1.67% 58.22B
Average 58.66x 10.22x 31.56x 0.86% 160.7B
Weighted average by Cap. 48.71x 10.28x 28.20x 0.94%

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