Company Valuation: Essity AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 207,509 191,871 175,494 205,499 181,162 178,114 - -
Change - -7.54% -8.54% 17.1% -11.84% -1.68% - -
Enterprise Value (EV) 1 262,942 254,740 229,197 236,268 207,705 207,094 204,059 200,228
Change - -3.12% -10.03% 3.09% -12.09% -0.29% -1.47% -1.88%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 15.4x 13.5x 12.5x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 1.96x 1.83x 1.69x
PEG - -1x 0.3x 0x -0.4x -2.46x 0.9x 1.54x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.26x 1.22x 1.19x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.47x 1.39x 1.33x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.29x 7.68x 7.17x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 12x 10.7x 9.92x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 19.4x 16.9x 15.2x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 5.15% 5.9% 6.57%
Dividend per Share 2 7 7.25 7.75 8.25 8.75 9.171 9.733 10.27
Rate of return 2.37% 2.65% 3.1% 2.79% 3.3% 3.45% 3.66% 3.87%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.22 19.71 21.31
Distribution rate 57% 91.4% 57% 27.7% 47.6% 53.3% 49.4% 48.2%
Net sales 1 121,867 156,173 147,147 145,546 138,494 141,094 146,465 150,017
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,993 26,581 27,941
EBIT 1 12,828 11,942 17,789 19,234 18,531 17,279 19,042 20,181
Net income 1 8,620 5,567 9,554 20,888 12,656 11,686 13,229 14,249
Net Debt 1 55,433 62,869 53,703 30,769 26,543 28,980 25,945 22,114
Reference price 2 295.40 273.30 250.00 295.70 265.20 265.60 265.60 265.60
Nbr of stocks (in thousands) 702,342 702,342 702,342 694,998 683,049 677,842 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.43x1.48x8.36x3.45% 18.27B
21.77x4.15x15.2x2.97% 344B
18.52x2.75x12.11x3.49% 135B
23.67x3.56x14.94x2.44% 69.39B
40.25x6.46x28.04x2.33% 47.53B
33.83x2.65x14.73x1.59% 36.28B
18.81x2.65x11.07x4.73% 34.31B
22.47x1.64x10.48x2.25% 19.99B
20.16x1.29x8.44x1.3% 19.08B
37.74x5.3x26.04x1.91% 9.35B
Average 25.26x 3.19x 14.94x 2.65% 73.34B
Weighted average by Cap. 23.03x 3.65x 14.89x 2.92%

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

-40%: Exceptional extension
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