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 12,067 - -
Change - -27.69% 18.49% -33.24% -24.5% 3.98% - -
Enterprise Value (EV) 1 26,522 18,980 22,120 14,664 10,878 11,124 10,980 10,809
Change - -28.44% 16.55% -33.71% -25.81% 2.26% -1.3% -1.56%
P/E 46x 23.5x 21.9x 12.6x 11.1x 11.7x 10.5x 9.49x
PBR 8.42x 5.62x 5.74x 3.87x 2.85x 2.83x 2.76x 2.51x
PEG - 0.6x 0.8x 0.6x -1x 5.5x 0.9x 0.9x
Capitalization / Revenue 25.1x 13.3x 12.8x 7.45x 5.62x 5.74x 5.39x 5.04x
EV / Revenue 24.8x 13x 12.3x 7.11x 5.26x 5.29x 4.91x 4.51x
EV / EBITDA 36.1x 18.8x 17.5x 10.4x 7.97x 8.06x 7.49x 6.87x
EV / EBIT 40.6x 20.9x 19.4x 10.3x 8.65x 9.18x 8.51x 7.79x
EV / FCF 46.9x 24.3x 20.6x 12.6x 9.71x 10.3x 9.93x 9.17x
FCF Yield 2.13% 4.11% 4.86% 7.94% 10.3% 9.69% 10.1% 10.9%
Dividend per Share 2 1.42 2 2.65 2.8 - 2.73 3.072 3.418
Rate of return 1.13% 2.19% 2.45% 3.76% - 4.35% 4.9% 5.45%
EPS 2 2.73 3.88 4.93 5.91 5.23 5.341 5.972 6.604
Distribution rate 52% 51.5% 53.8% 47.4% - 51.1% 51.4% 51.7%
Net sales 1 1,069 1,457 1,799 2,063 2,067 2,101 2,237 2,396
EBITDA 1 734.6 1,008 1,267 1,411 1,366 1,381 1,466 1,574
EBIT 1 654 908.1 1,143 1,420 1,257 1,212 1,290 1,388
Net income 1 605.4 843.4 1,071 1,244 1,062 1,028 1,086 1,167
Net Debt 1 -353.6 -453 -906.3 -708 -726.9 -942.3 -1,087 -1,258
Reference price 2 125.58 91.15 108.15 74.42 58.25 62.69 62.69 62.69
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.($)
11.74x5.34x8.13x4.35% 13.81B
24.07x6.19x14.51x1.63% 25.77B
46.42x1.58x10.24x-.--% 18.49B
12.91x2.12x7.53x4.87% 17.7B
11.78x2.29x8.16x7.71% 13.5B
98.03x1.9x16.96x-.--% 12.37B
36.01x3.96x19.69x2.84% 8.84B
16.93x2.65x9.9x2.21% 7.48B
17.38x3.32x8.31x2.25% 6.76B
Average 30.58x 3.26x 11.49x 2.87% 13.86B
Weighted average by Cap. 30.49x 3.46x 11.49x 2.8%

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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