Company Valuation: Essity AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 207,509 191,871 175,494 205,499 181,162 184,474 - -
Change - -7.54% -8.54% 17.1% -11.84% 1.83% - -
Enterprise Value (EV) 1 262,942 254,740 229,197 236,268 207,705 213,443 210,411 206,587
Change - -3.12% -10.03% 3.09% -12.09% 2.76% -1.42% -1.82%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 15.8x 13.8x 12.8x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 2.01x 1.87x 1.74x
PEG - -1x 0.3x 0x -0.4x -2.57x 1x 1.56x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.31x 1.26x 1.23x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.51x 1.44x 1.38x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.7x 7.94x 7.42x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 12.1x 10.9x 10x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 20x 17.5x 15.8x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 5% 5.72% 6.35%
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% 3.37% 3.57% 3.77%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.24 19.69 21.3
Distribution rate 57% 91.4% 57% 27.7% 47.6% 53.1% 49.4% 48.1%
Net sales 1 121,867 156,173 147,147 145,546 138,494 140,996 146,323 149,847
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,524 26,484 27,833
EBIT 1 12,828 11,942 17,789 19,234 18,531 17,649 19,382 20,609
Net income 1 8,620 5,567 9,554 20,888 12,656 11,716 13,210 14,211
Net Debt 1 55,433 62,869 53,703 30,769 26,543 28,969 25,938 22,113
Reference price 2 295.40 273.30 250.00 295.70 265.20 272.20 272.20 272.20
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.($)
21.51x4.11x15.03x3% 340B
18.72x2.77x12.21x3.45% 139B
24.14x3.62x15.21x2.39% 70.77B
40.93x6.59x28.6x2.25% 49.11B
35.03x2.66x14.78x1.54% 37.58B
19.71x2.76x11.52x4.5% 36B
22.51x1.65x10.54x2.24% 20.26B
15.79x1.51x8.7x3.37% 19.28B
20.15x1.29x8.38x1.3% 19.37B
Average 24.28x 3.00x 13.89x 2.67% 81.24B
Weighted average by Cap. 22.99x 3.62x 14.77x 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