Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 315,356 - -
Change - -38.58% 3.04% 42.39% 0.82% 4.43% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 263,721 257,482 246,976
Change - -36.08% 11.82% 32.33% -1.1% -5.15% -2.37% -4.08%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 17.9x 14.7x 13.7x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 2.86x 2.66x 2.47x
PEG - -0.6x 0x -90x 0x -0.5x 0.7x 1.84x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.4x 1.36x 1.33x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.17x 1.11x 1.05x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.13x 6.86x 6.3x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 9.14x 8.68x 7.9x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 11.9x 10.2x 9.45x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.37% 9.78% 10.6%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.035 3.154 3.285
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 3.16% 3.29% 3.42%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.372 6.513 6.998
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 56.5% 48.4% 46.9%
Net sales 1 232,314 271,546 263,351 247,880 236,681 226,052 231,161 236,250
EBITDA 1 41,298 37,962 30,084 50,358 50,212 36,993 37,542 39,207
EBIT 1 32,300 27,419 18,093 24,658 40,971 28,845 29,662 31,259
Net income 1 23,000 18,724 -26,446 20 28,428 17,771 20,672 21,514
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -51,635 -57,875 -68,380
Reference price 2 99.79 60.90 63.11 89.88 90.60 95.98 95.98 95.98
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.99x6.27x16.23x1.48% 453B
55.32x19.77x39.63x-.--% 266B
18.33x0.73x13.43x2.47% 165B
25.33x8x19.32x0.48% 137B
48.76x14.72x32.48x-.--% 94.99B
32.35x6.32x18.31x1.08% 74B
73.44x9.48x41.95x-.--% 60.4B
42.37x2.3x14.83x1.67% 56.98B
26.8x6.04x20.16x1.54% 51.77B
Average 38.97x 8.18x 24.04x 0.97% 151.01B
Weighted average by Cap. 36.17x 8.98x 23.27x 1.03%

Y-o-Y evolution of P/E

Valuation ratios - P/E - ERICSSON

Historical PBR trend

Valuation ratios - PBR - ERICSSON

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - ERICSSON

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - ERICSSON


Year-on-year evolution of the Yield

Valuation ratios - Yield - ERICSSON