Company Valuation: Evolution AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,876 19,433 23,026 15,372 11,605 12,742 - -
Change - -27.69% 18.49% -33.24% -24.5% 9.79% - -
Enterprise Value (EV) 1 26,522 18,980 22,120 14,664 10,878 11,875 11,734 11,217
Change - -28.44% 16.55% -33.71% -25.81% 9.16% -1.19% -4.41%
P/E 46x 23.5x 21.9x 12.6x 11.1x 12.4x 11x 10.1x
PBR 8.42x 5.62x 5.74x 3.87x 2.85x 3.2x 3x 2.74x
PEG - 0.6x 0.8x 0.6x -1x 4.41x 0.8x 1.15x
Capitalization / Revenue 25.1x 13.3x 12.8x 7.45x 5.62x 6.07x 5.71x 5.37x
EV / Revenue 24.8x 13x 12.3x 7.11x 5.26x 5.66x 5.26x 4.73x
EV / EBITDA 36.1x 18.8x 17.5x 10.4x 7.97x 8.52x 7.93x 7.2x
EV / EBIT 40.6x 20.9x 19.4x 10.3x 8.65x 9.82x 9.12x 8.19x
EV / FCF 46.9x 24.3x 20.6x 12.6x 9.71x 11.1x 10.6x 9.54x
FCF Yield 2.13% 4.11% 4.86% 7.94% 10.3% 8.98% 9.41% 10.5%
Dividend per Share 2 1.42 2 2.65 2.8 - 2.697 3.062 3.397
Rate of return 1.13% 2.19% 2.45% 3.76% - 4.03% 4.58% 5.08%
EPS 2 2.73 3.88 4.93 5.91 5.23 5.377 6.092 6.628
Distribution rate 52% 51.5% 53.8% 47.4% - 50.2% 50.3% 51.2%
Net sales 1 1,069 1,457 1,799 2,063 2,067 2,098 2,231 2,372
EBITDA 1 734.6 1,008 1,267 1,411 1,366 1,393 1,480 1,558
EBIT 1 654 908.1 1,143 1,420 1,257 1,210 1,287 1,370
Net income 1 605.4 843.4 1,071 1,244 1,062 1,028 1,088 1,152
Net Debt 1 -353.6 -453 -906.3 -708 -726.9 -866.6 -1,008 -1,525
Reference price 2 125.58 91.15 108.15 74.42 58.25 66.90 66.90 66.90
Nbr of stocks (in thousands) 214,010 213,205 212,911 206,562 199,227 190,466 - -
Announcement Date 2/9/22 2/2/23 2/1/24 1/30/25 2/5/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.38x6.53x15.32x1.54% 27.6B
13.41x2.23x7.9x4.69% 18.39B
549.84x1.51x10.19x-.--% 17.18B
15.08x2.49x9.22x6.9% 14.85B
12.54x5.71x8.6x4% 14.82B
212.64x1.97x18.01x-.--% 12.58B
35.36x3.85x19.23x2.93% 8.56B
17.85x3.27x8.14x2.29% 6.61B
Average 110.26x 3.44x 12.08x 2.79% 15.07B
Weighted average by Cap. 115.27x 3.72x 12.04x 2.74%

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