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 13,852 - -
Change - -27.69% 18.49% -33.24% -24.5% 19.36% - -
Enterprise Value (EV) 1 26,522 18,980 22,120 14,664 10,878 12,986 12,845 12,327
Change - -28.44% 16.55% -33.71% -25.81% 19.37% -1.09% -4.03%
P/E 46x 23.5x 21.9x 12.6x 11.1x 13.5x 11.9x 11x
PBR 8.42x 5.62x 5.74x 3.87x 2.85x 3.48x 3.27x 2.98x
PEG - 0.6x 0.8x 0.6x -1x 4.82x 0.9x 1.26x
Capitalization / Revenue 25.1x 13.3x 12.8x 7.45x 5.62x 6.6x 6.21x 5.84x
EV / Revenue 24.8x 13x 12.3x 7.11x 5.26x 6.19x 5.76x 5.2x
EV / EBITDA 36.1x 18.8x 17.5x 10.4x 7.97x 9.4x 8.75x 7.91x
EV / EBIT 40.6x 20.9x 19.4x 10.3x 8.65x 10.7x 9.97x 8.99x
EV / FCF 46.9x 24.3x 20.6x 12.6x 9.71x 12.2x 11.6x 10.5x
FCF Yield 2.13% 4.11% 4.86% 7.94% 10.3% 8.21% 8.61% 9.55%
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% - 3.71% 4.21% 4.67%
EPS 2 2.73 3.88 4.93 5.91 5.23 5.376 6.09 6.623
Distribution rate 52% 51.5% 53.8% 47.4% - 50.2% 50.3% 51.3%
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 1,381 1,467 1,559
EBIT 1 654 908.1 1,143 1,420 1,257 1,210 1,288 1,371
Net income 1 605.4 843.4 1,071 1,244 1,062 1,028 1,088 1,153
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 72.73 72.73 72.73
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.($)
13.53x6.19x9.4x3.71% 16.18B
23.99x6.19x14.5x1.63% 26.32B
14.7x2.49x8.66x5.02% 19.74B
-238.59x1.53x10.36x-.--% 17.28B
15.31x2.5x9.27x7.02% 14.94B
236.13x1.94x17.87x-.--% 12.43B
31.74x3.68x17.49x3.32% 8.24B
17.68x3.25x8.08x2.32% 6.63B
13.21x3.63x8.79x0.5% 6.49B
Average 14.19x 3.49x 11.60x 2.61% 14.25B
Weighted average by Cap. 5.03x 3.71x 11.69x 2.75%

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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