Company Valuation: Heba AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 9,453 13,011 5,994 5,854 5,408 5,069
Change - 37.64% -53.93% -2.34% -7.62% -6.26%
Enterprise Value (EV) 1 14,493 19,035 13,585 11,361 11,592 11,679
Change - 31.34% -28.63% -16.37% 2.03% 0.75%
P/E 13.2x 8.82x -44x -8.22x 54.8x 17.1x
PBR 1.54x 1.74x 0.83x 0.91x 0.84x 0.8x
PEG - 0x 0x -0x -0x 0x
Capitalization / Revenue 24x 29x 11.8x 9.73x 9.78x 8.46x
EV / Revenue 36.8x 42.4x 26.7x 18.9x 21x 19.5x
EV / EBITDA 59.9x 68.7x 41.8x 28.1x 32.3x 29.7x
EV / EBIT 60.5x 69.2x 42.1x 28.3x 32.5x 29.9x
EV / FCF -4,141x 73.9x 55.3x 128x 144x 105x
FCF Yield -0.02% 1.35% 1.81% 0.78% 0.69% 0.96%
Dividend per Share 2 0.65 0.8 0.45 0.52 0.52 0.55
Rate of return 1.14% 1.02% 1.24% 1.47% 1.59% 1.79%
EPS 2 4.349 8.934 -0.825 -4.314 0.5977 1.798
Distribution rate 14.9% 8.95% -54.5% -12.1% 87% 30.6%
Net sales 1 393.8 448.8 508.7 601.6 553.1 598.9
EBITDA 1 242.1 277.2 325.2 403.9 358.8 393.9
EBIT 1 239.6 274.9 322.3 401.5 356.2 390.6
Net income 1 718.2 1,475 -136.2 -712.3 98.68 288.5
Net Debt 1 5,040 6,024 7,591 5,508 6,184 6,610
Reference price 2 57.25 78.80 36.30 35.45 32.75 30.70
Nbr of stocks (in thousands) 165,120 165,120 165,120 165,120 165,120 165,120
Announcement Date 3/26/21 3/29/22 3/24/23 3/25/24 3/24/25 3/23/26
1SEK in Million2SEK
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 425M
58.66x - - - 62.82B
11.52x3.57x10.28x-.--% 23.68B
8.15x16.61x19.93x5.72% 21.74B
4.43x0.24x0.51x7.66% 15.53B
8.98x17.43x - 5.89% 8.83B
7.98x0.82x6.73x2.45% 5.9B
-2.16x1.59x69.92x-.--% 5.09B
5.94x14.17x21.26x5.35% 4.92B
Average 12.94x 7.77x 21.44x 3.87% 16.55B
Weighted average by Cap. 29.28x 8.01x 15.41x 3.92%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA