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 8,702 6,752 4,802
Change - -27.9% 207.92% 30.64% -5.99% -11.57% -22.41% -28.88%
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 1,324 1,397 1,456
Change - 22.15% 19.1% -3.25% 0.38% 0.76% 5.53% 4.24%
Free Cash Flow (FCF) 1 5,630 1,897 1,604 3,268 2,635 3,504 3,559 4,252
Change - -66.31% -15.45% 103.74% -19.37% 32.97% 1.58% 19.47%
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% 18.8% 19.93% 20.5%
EBIT Margin (%) 18.26% 14.48% 11.48% 13.09% 12.85% 13.36% 14.41% 15.04%
EBT Margin (%) 15.48% 12.27% 10.5% 6.57% 8.99% 11.67% 12.87% 13.77%
Net margin (%) 10.98% 8.8% 7.58% 4.71% 6.46% 8.35% 9.1% 9.7%
FCF margin (%) 20.81% 6.71% 5.04% 9.4% 7.54% 9.98% 9.64% 10.99%
FCF / Net Income (%) 189.56% 76.15% 66.5% 199.51% 116.7% 119.51% 105.87% 113.35%

Profitability

        
ROA 6.63% 5.16% 4.74% 5.44% 5.11% 4.8% 5.75% 5.4%
ROE 12.9% 8.9% 7.8% 5.2% 7.5% 9% 11.11% 11.59%

Financial Health

        
Leverage (Debt/EBITDA) 0.53x 0.44x 1.44x 1.57x 1.5x 1.32x 0.92x 0.61x
Debt / Free cash flow 0.64x 1.37x 5x 3.2x 3.73x 2.48x 1.9x 1.13x

Capital Intensity

        
CAPEX / Current Assets (%) 3.44% 4.02% 4.25% 3.77% 3.76% 3.77% 3.78% 3.76%
CAPEX / EBITDA (%) 13.77% 19.28% 24.27% 19.7% 19.97% 20.07% 18.99% 18.36%
CAPEX / FCF (%) 16.52% 59.88% 84.35% 40.06% 49.87% 37.79% 39.26% 34.25%

Items per share

        
Cash flow per share 1 24.08 - 10.86 16.8 14.5 17.4 14.92 20.67
Change - - - 54.78% -13.72% 20.03% -14.28% 38.57%
Dividend per Share 1 4 4.25 4.4 4.6 4.75 4.92 5.593 5.943
Change - 6.25% 3.53% 4.55% 3.26% 3.57% 13.69% 6.26%
Book Value Per Share 1 92.43 111.8 111.6 121.9 108.3 114.6 121.6 130.2
Change - 20.96% -0.15% 9.23% -11.19% 5.82% 6.13% 7.07%
EPS 1 10.9 9.15 8.86 6.01 8.29 10.27 12.41 13.82
Change - -16.06% -3.17% -32.17% 37.94% 23.88% 20.79% 11.38%
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 22.6x 18.7x
PBR 2.03x 1.91x
EV / Sales 2.05x 1.9x
Yield 2.12% 2.41%

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
232.50SEK
Average target price
228.40SEK
Spread / Average Target
-1.76%

Quarterly revenue - Rate of surprise