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 12,036 - -
Change - -27.69% 18.49% -33.24% -24.5% 3.71% - -
Enterprise Value (EV) 1 26,522 18,980 22,120 14,664 10,878 11,040 10,873 10,200
Change - -28.44% 16.55% -33.71% -25.81% 1.49% -1.52% -6.19%
P/E 46x 23.5x 21.9x 12.6x 11.1x 11.8x 10.4x 9.37x
PBR 8.42x 5.62x 5.74x 3.87x 2.85x 2.87x 2.67x 2.42x
PEG - 0.6x 0.8x 0.6x -1x 8.7x 0.8x 0.8x
Capitalization / Revenue 25.1x 13.3x 12.8x 7.45x 5.62x 5.7x 5.34x 4.97x
EV / Revenue 24.8x 13x 12.3x 7.11x 5.26x 5.23x 4.83x 4.22x
EV / EBITDA 36.1x 18.8x 17.5x 10.4x 7.97x 8x 7.38x 6.42x
EV / EBIT 40.6x 20.9x 19.4x 10.3x 8.65x 9.11x 8.39x 7.28x
EV / FCF 46.9x 24.3x 20.6x 12.6x 9.71x 10.4x 9.73x 8.56x
FCF Yield 2.13% 4.11% 4.86% 7.94% 10.3% 9.6% 10.3% 11.7%
Dividend per Share 2 1.42 2 2.65 2.8 - 2.738 3.09 3.456
Rate of return 1.13% 2.19% 2.45% 3.76% - 4.38% 4.94% 5.53%
EPS 2 2.73 3.88 4.93 5.91 5.23 5.301 5.989 6.671
Distribution rate 52% 51.5% 53.8% 47.4% - 51.6% 51.6% 51.8%
Net sales 1 1,069 1,457 1,799 2,063 2,067 2,110 2,252 2,419
EBITDA 1 734.6 1,008 1,267 1,411 1,366 1,380 1,473 1,589
EBIT 1 654 908.1 1,143 1,420 1,257 1,212 1,295 1,401
Net income 1 605.4 843.4 1,071 1,244 1,062 1,029 1,091 1,180
Net Debt 1 -353.6 -453 -906.3 -708 -726.9 -995.6 -1,163 -1,836
Reference price 2 125.58 91.15 108.15 74.42 58.25 62.53 62.53 62.53
Nbr of stocks (in thousands) 214,010 213,205 212,911 206,562 199,227 192,492 - -
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.($)
12.04x5.35x8.18x4.29% 14.05B
24.21x6.22x14.59x1.62% 25.98B
47.92x1.61x10.45x-.--% 19.08B
12.77x2.07x7.33x4.97% 17.5B
11.67x2.26x7.99x7.79% 13.37B
99.48x1.93x17.11x-.--% 12.53B
34.92x3.86x19.24x2.93% 8.63B
16.95x2.67x10.01x2.2% 7.49B
17.66x3.37x8.43x2.2% 6.9B
Average 30.85x 3.26x 11.48x 2.89% 13.95B
Weighted average by Cap. 30.97x 3.46x 11.49x 2.79%

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

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