Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 326,988 332,382 204,141 210,346 299,520 294,469 294,469 -
Change - 1.65% -38.58% 3.04% 42.39% -1.69% 0% -
Enterprise Value (EV) 1 306,716 297,231 189,986 212,445 281,130 245,725 254,609 241,955
Change - -3.09% -36.08% 11.82% 32.33% -12.59% 3.62% -4.97%
P/E ratio 18.6x 14.7x 10.8x -7.95x 8,988x 11.3x 14.6x 13.8x
PBR 3.75x 3.06x 1.51x 2.16x 3.18x 2.75x 2.69x 2.58x
PEG - 0.5x -0.6x 0x -90x 0x -0.7x 2.64x
Capitalization / Revenue 1.41x 1.43x 0.75x 0.8x 1.21x 1.25x 1.25x 1.23x
EV / Revenue 1.32x 1.28x 0.7x 0.81x 1.13x 1.04x 1.08x 1.01x
EV / EBITDA 8.12x 7.2x 5x 7.06x 5.58x 5.61x 6.76x 6.45x
EV / EBIT 10.5x 9.2x 6.93x 11.7x 11.4x 6.81x 8.63x 8.09x
EV / FCF 20.3x 8.37x 7.13x 54.8x 6.4x 11.6x 10.9x 9.72x
FCF Yield 4.92% 11.9% 14% 1.83% 15.6% 8.61% 9.21% 10.3%
Dividend per Share 2 2 2.5 2.5 2.7 2.85 3.092 3.181 3.263
Rate of return 2.05% 2.51% 4.11% 4.28% 3.17% 3.5% 3.6% 3.69%
EPS 2 5.26 6.81 5.62 -7.94 0.01 7.789 6.069 6.386
Distribution rate 38% 36.7% 44.5% -34% 28,500% 39.7% 52.4% 51.1%
Net sales 1 232,390 232,314 271,546 263,351 247,880 236,316 235,514 238,523
EBITDA 1 37,788 41,298 37,962 30,084 50,358 43,824 37,680 37,501
EBIT 1 29,100 32,300 27,419 18,093 24,658 36,083 29,515 29,913
Net income 1 17,483 23,000 18,724 -26,446 20 25,825 19,363 20,072
Net Debt 1 -20,272 -35,151 -14,155 2,099 -18,390 -48,744 -39,861 -52,514
Reference price 2 97.64 99.79 60.90 63.11 89.88 88.32 88.32 88.32
Nbr of stocks (in thousands) 3,328,108 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,333,287 -
Announcement Date 1/29/21 1/25/22 1/20/23 1/23/24 1/24/25 - - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.34x1.04x5.61x3.5% 31.93B
25.76x5.07x13.11x2.2% 297B
34.46x1.29x24.85x1.61% 173B
48.43x17.36x35.41x-.--% 164B
64.74x18.47x52.79x0.19% 99.69B
31.4x6.32x19.46x1.14% 65.7B
20.94x2.6x14.14x2.62% 41.17B
25.51x5.38x19.21x1.65% 40.89B
36.54x1.49x10.89x2.43% 37.83B
37.88x - - - 33.49B
Average 33.70x 6.56x 21.72x 1.7% 98.58B
Weighted average by Cap. 35.54x 7.62x 23.66x 1.47%
See all sector valuations

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