Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 365,038 - -
Change - -38.58% 3.04% 42.39% 0.82% 20.89% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 314,659 306,069 296,954
Change - -36.08% 11.82% 32.33% -1.1% 13.17% -2.73% -2.98%
P/E Ratio 14.7x 10.8x -7.95x 8,988x 10.6x 20x 16.8x 15.9x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.29x 3.07x 2.86x
PEG - -0.6x 0x -90x 0x -0.6x 0.9x 2.66x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.61x 1.59x 1.55x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.38x 1.33x 1.26x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 8.47x 8x 7.45x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 10.6x 9.71x 9.25x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 13.4x 12.5x 11.7x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 7.48% 8.02% 8.56%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.103 3.271 3.458
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.83% 2.98% 3.15%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.481 6.52 6.911
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 56.6% 50.2% 50%
Net sales 1 232,314 271,546 263,351 247,880 236,681 227,360 230,237 234,928
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,167 38,273 39,871
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,755 31,530 32,120
Net income 1 23,000 18,724 -26,446 20 28,428 18,591 21,374 22,088
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -50,379 -58,969 -68,084
Reference price 2 99.79 60.90 63.11 89.88 90.60 109.75 109.75 109.75
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.11x7.73x19.95x1.38% 474B
24.06x0.97x17.37x1.93% 215B
50.49x17.05x35.72x-.--% 213B
46.25x14.45x36.27x0.23% 205B
50.16x3.22x20.98x1.2% 81.57B
193.8x24.94x73.22x-.--% 74.47B
31.04x5.89x17.24x1.15% 68.34B
89.2x10.37x47.87x-.--% 65.6B
25.12x5.42x18.77x1.73% 45.93B
Average 60.80x 10.00x 31.93x 0.85% 160.31B
Weighted average by Cap. 48.96x 9.64x 28.13x 0.95%

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

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