Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 341,983 - -
Change - -38.58% 3.04% 42.39% 0.82% 13.25% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 290,692 283,278 272,660
Change - -36.08% 11.82% 32.33% -1.1% 4.55% -2.55% -3.75%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 18x 15.7x 14.6x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.1x 2.86x 2.66x
PEG - -0.6x 0x -90x 0x -0.6x 1.1x 1.83x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.48x 1.46x 1.43x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.26x 1.21x 1.14x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.3x 7.34x 6.87x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 8.96x 9.04x 8.41x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 11.6x 11.5x 10x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.6% 8.69% 9.95%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.059 3.225 3.38
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.92% 3.08% 3.22%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.812 6.663 7.195
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 52.6% 48.4% 47%
Net sales 1 232,314 271,546 263,351 247,880 236,681 230,952 234,972 238,578
EBITDA 1 41,298 37,962 30,084 50,358 50,212 39,800 38,575 39,717
EBIT 1 32,300 27,419 18,093 24,658 40,971 32,448 31,331 32,404
Net income 1 23,000 18,724 -26,446 20 28,428 19,145 20,964 22,302
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -51,291 -58,705 -69,323
Reference price 2 99.79 60.90 63.11 89.88 90.60 104.85 104.85 104.85
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,257,271 - -
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.($)
18.15x1.26x7.38x2.92% 34.55B
26x5.83x15.09x1.6% 421B
47.49x16.8x33.69x-.--% 229B
16.06x0.65x11.67x2.82% 145B
20.96x6.55x15.81x0.58% 114B
33.54x6.53x18.91x1.04% 76.7B
37.97x11.44x25.3x-.--% 74.51B
28.72x6.56x21.65x1.43% 55.99B
38.94x2.04x13x1.86% 51.2B
58.96x7.63x33.75x-.--% 48.49B
Average 32.68x 6.53x 19.63x 1.22% 124.92B
Weighted average by Cap. 31.21x 7.50x 19.72x 1.2%

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