Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 373,366 - -
Change - -38.58% 3.04% 42.39% 0.82% 23.64% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 322,467 314,390 305,667
Change - -36.08% 11.82% 32.33% -1.1% 15.98% -2.5% -2.77%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 20.7x 17.4x 16.4x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.37x 3.16x 2.94x
PEG - -0.6x 0x -90x 0x -0.6x 0.9x 2.57x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.64x 1.61x 1.58x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.42x 1.35x 1.29x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 8.64x 8.19x 7.78x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 11.1x 10.2x 9.69x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 14x 12.9x 12.2x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 7.15% 7.77% 8.22%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.1 3.242 3.405
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.76% 2.89% 3.03%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.423 6.454 6.865
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 57.2% 50.2% 49.6%
Net sales 1 232,314 271,546 263,351 247,880 236,681 227,020 232,049 236,135
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,312 38,398 39,294
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,094 30,958 31,558
Net income 1 23,000 18,724 -26,446 20 28,428 18,639 21,388 22,175
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -50,899 -58,976 -67,699
Reference price 2 99.79 60.90 63.11 89.88 90.60 112.35 112.35 112.35
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, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.42x1.32x8.02x2.94% 35.95B
35.14x7.33x18.93x1.46% 449B
53.76x18.36x38.43x-.--% 228B
21.55x0.89x15.61x2.06% 193B
41.36x12.68x32.25x0.26% 185B
31.7x6.01x17.58x1.13% 69.81B
40.62x2.59x16.86x1.47% 65.34B
84.72x9.87x45.56x-.--% 62.42B
143.16x18.44x54.13x-.--% 55.01B
25.69x5.55x19.21x1.69% 46.97B
Average 49.71x 8.30x 26.66x 1.1% 138.96B
Weighted average by Cap. 43.00x 9.01x 25.59x 1.05%

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