Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 314,904 - -
Change - -38.58% 3.04% 42.39% 0.82% 4.28% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 265,738 256,611 249,610
Change - -36.08% 11.82% 32.33% -1.1% -4.42% -3.43% -2.73%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 18x 15.2x 13.8x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 2.84x 2.66x 2.48x
PEG - -0.6x 0x -90x 0x -0.5x 0.9x 1.4x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.39x 1.36x 1.34x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.18x 1.11x 1.06x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.06x 6.75x 6.28x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 8.98x 8.47x 7.93x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 11.6x 9.9x 9.41x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.63% 10.1% 10.6%
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% 3.21% 3.34% 3.49%
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 95.26 95.26 95.26
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,304,253 - -
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.($)
34.43x7.21x18.62x1.48% 441B
49.99x16.96x35.41x-.--% 212B
18.77x0.78x13.6x2.39% 169B
34.08x10.35x25.56x0.3% 161B
31.16x5.94x17.38x1.15% 68.61B
35.2x2.23x14.46x1.7% 56.83B
71.93x8.38x38.68x-.--% 53B
148.36x19.1x56.01x-.--% 57.01B
26.32x5.7x19.72x1.65% 48.13B
Average 50.03x 8.52x 26.61x 0.96% 140.76B
Weighted average by Cap. 41.15x 8.62x 23.96x 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