Company Valuation: Essity AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 207,509 191,871 175,494 205,499 181,162 189,218 - -
Change - -7.54% -8.54% 17.1% -11.84% 4.45% - -
Enterprise Value (EV) 1 262,942 254,740 229,197 236,268 207,705 218,143 214,838 210,931
Change - -3.12% -10.03% 3.09% -12.09% 5.03% -1.51% -1.82%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 16.2x 14.1x 13x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 2.06x 1.92x 1.77x
PEG - -1x 0.3x 0x -0.4x -2.72x 1x 1.62x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.34x 1.29x 1.26x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.55x 1.47x 1.41x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.86x 8.08x 7.56x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 12.4x 11x 10.2x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 20.4x 17.9x 16.1x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 4.89% 5.6% 6.22%
Dividend per Share 2 7 7.25 7.75 8.25 8.75 9.163 9.726 10.25
Rate of return 2.37% 2.65% 3.1% 2.79% 3.3% 3.28% 3.48% 3.67%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.27 19.83 21.43
Distribution rate 57% 91.4% 57% 27.7% 47.6% 53% 49% 47.8%
Net sales 1 121,867 156,173 147,147 145,546 138,494 140,954 146,329 149,878
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,617 26,580 27,918
EBIT 1 12,828 11,942 17,789 19,234 18,531 17,600 19,492 20,706
Net income 1 8,620 5,567 9,554 20,888 12,656 11,765 13,309 14,302
Net Debt 1 55,433 62,869 53,703 30,769 26,543 28,925 25,621 21,713
Reference price 2 295.40 273.30 250.00 295.70 265.20 279.20 279.20 279.20
Nbr of stocks (in thousands) 702,342 702,342 702,342 694,998 683,049 677,755 - -
Announcement Date 1/26/22 1/26/23 1/25/24 1/23/25 1/22/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.32x4.07x14.9x3.03% 337B
18.84x2.78x12.28x3.46% 139B
24.43x3.66x15.38x2.36% 71.6B
40.81x6.57x28.52x2.26% 48.58B
34.5x2.63x14.58x1.56% 37.01B
19.86x2.78x11.59x4.47% 36.26B
23.68x1.73x11.06x2.15% 20.62B
20.86x1.35x8.77x1.26% 20.04B
16.25x1.55x8.9x3.26% 19.86B
Average 24.50x 3.01x 14.00x 2.65% 81.16B
Weighted average by Cap. 22.96x 3.60x 14.73x 2.93%

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