Projected Income Statement: Getinge AB

Forecast Balance Sheet: Getinge AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 3,609 2,602 8,012 10,467 9,840 8,561 6,328 3,928
Change - -27.9% 207.92% 30.64% -5.99% -13% -26.08% -37.93%
Announcement Date 1/28/22 2/1/23 2/1/24 1/28/25 1/27/26 - - -
1SEK in Million
Estimates

Cash Flow Forecast: Getinge AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 930 1,136 1,353 1,309 1,314 1,301 1,407 1,467
Change - 22.15% 19.1% -3.25% 0.38% -1.02% 8.16% 4.27%
Free Cash Flow (FCF) 1 5,630 1,897 1,604 3,268 2,635 3,888 4,010 4,432
Change - -66.31% -15.45% 103.74% -19.37% 47.55% 3.14% 10.52%
Announcement Date 1/28/22 2/1/23 2/1/24 1/28/25 1/27/26 - - -
1SEK in Million
Estimates

Forecast Financial Ratios: Getinge AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 24.97% 20.82% 17.51% 19.12% 18.82% 20% 20.23% 20.9%
EBIT Margin (%) 18.26% 14.48% 11.48% 13.09% 12.85% 14.3% 14.65% 15.36%
EBT Margin (%) 15.48% 12.27% 10.5% 6.57% 8.99% 12.15% 12.95% 13.98%
Net margin (%) 10.98% 8.8% 7.58% 4.71% 6.46% 8.78% 9.32% 10.03%
FCF margin (%) 20.81% 6.71% 5.04% 9.4% 7.54% 11.06% 10.81% 11.4%
FCF / Net Income (%) 189.56% 76.15% 66.5% 199.51% 116.7% 125.99% 115.99% 113.63%

Profitability

        
ROA 6.63% 5.16% 4.74% 5.44% 5.11% 5.6% 5.9% 5.4%
ROE 12.9% 8.9% 7.8% 5.2% 7.5% 10.22% 10.55% 10.82%

Financial Health

        
Leverage (Debt/EBITDA) 0.53x 0.44x 1.44x 1.57x 1.5x 1.22x 0.84x 0.48x
Debt / Free cash flow 0.64x 1.37x 5x 3.2x 3.73x 2.2x 1.58x 0.89x

Capital Intensity

        
CAPEX / Current Assets (%) 3.44% 4.02% 4.25% 3.77% 3.76% 3.7% 3.79% 3.77%
CAPEX / EBITDA (%) 13.77% 19.28% 24.27% 19.7% 19.97% 18.49% 18.75% 18.06%
CAPEX / FCF (%) 16.52% 59.88% 84.35% 40.06% 49.87% 33.45% 35.08% 33.1%

Items per share

        
Cash flow per share 1 24.08 - 10.86 16.8 14.5 20.1 18.72 20.97
Change - - - 54.78% -13.72% 38.63% -6.88% 12.04%
Dividend per Share 1 4 4.25 4.4 4.6 4.75 5.191 5.637 5.918
Change - 6.25% 3.53% 4.55% 3.26% 9.28% 8.59% 4.99%
Book Value Per Share 1 92.43 111.8 111.6 121.9 108.3 117.4 124.6 134.6
Change - 20.96% -0.15% 9.23% -11.19% 8.39% 6.2% 8.01%
EPS 1 10.9 9.15 8.86 6.01 8.29 11.35 12.74 14.33
Change - -16.06% -3.17% -32.17% 37.94% 36.91% 12.22% 12.5%
Nbr of stocks (in thousands) 272,370 272,370 272,370 272,370 272,370 272,370 272,370 272,370
Announcement Date 1/28/22 2/1/23 2/1/24 1/28/25 1/27/26 - - -
1SEK
Estimates
2026 *2027 *
P/E 21.6x 19.2x
PBR 2.09x 1.97x
EV / Sales 2.13x 1.96x
Yield 2.12% 2.3%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
B
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
245.00SEK
Average target price
237.90SEK
Spread / Average Target
-2.90%

Quarterly revenue - Rate of surprise