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 15,168 - -
Change - -27.69% 18.49% -33.24% -24.5% 30.7% - -
Enterprise Value (EV) 1 26,522 18,980 22,120 14,664 10,878 14,302 14,161 13,643
Change - -28.44% 16.55% -33.71% -25.81% 31.47% -0.99% -3.65%
P/E 46x 23.5x 21.9x 12.6x 11.1x 14.8x 13.2x 12x
PBR 8.42x 5.62x 5.74x 3.87x 2.85x 3.82x 3.58x 3.27x
PEG - 0.6x 0.8x 0.6x -1x 5.23x 1.1x 1.22x
Capitalization / Revenue 25.1x 13.3x 12.8x 7.45x 5.62x 7.23x 6.8x 6.39x
EV / Revenue 24.8x 13x 12.3x 7.11x 5.26x 6.82x 6.34x 5.75x
EV / EBITDA 36.1x 18.8x 17.5x 10.4x 7.97x 10.4x 9.64x 8.75x
EV / EBIT 40.6x 20.9x 19.4x 10.3x 8.65x 11.8x 11x 9.95x
EV / FCF 46.9x 24.3x 20.6x 12.6x 9.71x 13.4x 12.8x 11.6x
FCF Yield 2.13% 4.11% 4.86% 7.94% 10.3% 7.45% 7.82% 8.64%
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% - 3.39% 3.85% 4.27%
EPS 2 2.73 3.88 4.93 5.91 5.23 5.378 6.025 6.616
Distribution rate 52% 51.5% 53.8% 47.4% - 50.2% 50.8% 51.3%
Net sales 1 1,069 1,457 1,799 2,063 2,067 2,098 2,232 2,373
EBITDA 1 734.6 1,008 1,267 1,411 1,366 1,381 1,468 1,560
EBIT 1 654 908.1 1,143 1,420 1,257 1,210 1,289 1,372
Net income 1 605.4 843.4 1,071 1,244 1,062 1,027 1,090 1,154
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 79.64 79.64 79.64
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.($)
14.81x6.82x10.35x3.39% 17.5B
23.8x6.15x14.42x1.64% 26.25B
13.26x2.22x7.74x5.59% 18.05B
-106.22x1.51x10.28x-.--% 16.93B
13.29x2.21x8.18x8.36% 12.46B
231.52x1.88x17.3x-.--% 12.08B
29.56x3.48x16.58x3.56% 7.65B
21.01x3.58x8.89x2% 7.47B
15.6x2.32x8.51x2.33% 6.76B
Average 28.51x 3.35x 11.36x 2.99% 13.91B
Weighted average by Cap. 22.18x 3.72x 11.47x 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

  1. Stock Market
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  3. EVO Stock
  4. Valuation Evolution AB
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