Company Valuation: Holmen AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 70,968 67,509 67,704 63,898 54,434 46,565 - -
Change - -4.87% 0.29% -5.62% -14.81% -14.46% - -
Enterprise Value (EV) 1 75,069 69,654 69,573 67,295 59,413 51,273 51,669 51,582
Change - -7.21% -0.12% -3.27% -11.71% -13.7% 0.77% -0.17%
P/E 23.5x 11.4x 18.5x 22.6x 19.2x 19.7x 18.4x 17.8x
PBR 1.5x 1.18x 1.2x 1.13x - 0.84x 0.82x 0.8x
PEG - 0.1x -0.5x -1x 6.91x -1.3x 2.59x 5.26x
Capitalization / Revenue 3.64x 2.82x 2.97x 2.81x 2.47x 2.14x 2.13x 2.12x
EV / Revenue 3.85x 2.91x 3.05x 2.96x 2.69x 2.36x 2.36x 2.35x
EV / EBITDA 14.1x 8.09x 11.4x 13.2x 12.6x 11.5x 11.1x 10.7x
EV / EBIT 18.5x 9.59x 14.6x 18.1x 18.2x 16.3x 15.4x 14.8x
EV / FCF 51.6x 17.1x 17x 56.4x 34.7x 20.2x 25.3x 26.5x
FCF Yield 1.94% 5.86% 5.89% 1.77% 2.88% 4.95% 3.95% 3.77%
Dividend per Share 2 7.5 8 8.5 9 9.5 10.11 9.84 10.09
Rate of return 1.73% 1.93% 2% 2.22% 2.68% 3.26% 3.17% 3.25%
EPS 2 18.5 36.3 23 18 18.5 15.73 16.85 17.42
Distribution rate 40.5% 22% 37% 50% 51.4% 64.3% 58.4% 57.9%
Net sales 1 19,479 23,952 22,795 22,759 22,056 21,743 21,904 21,994
EBITDA 1 5,322 8,607 6,114 5,110 4,733 4,468 4,672 4,811
EBIT 1 4,061 7,262 4,755 3,721 3,270 3,146 3,357 3,495
Net income 1 3,004 5,874 3,697 2,861 2,879 2,370 2,534 2,606
Net Debt 1 4,101 2,145 1,869 3,397 4,979 4,708 5,104 5,017
Reference price 2 434.70 413.90 425.70 406.20 354.40 310.20 310.20 310.20
Nbr of stocks (in thousands) 161,926 162,002 159,222 158,108 154,285 150,435 - -
Announcement Date 1/28/22 1/31/23 1/31/24 1/31/25 1/30/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.24x1.58x9.42x6.21% 14.59B
5.62x2.28x5.33x3.68% 10.4B
15.41x0.83x11.7x4.47% 4.24B
9.62x2.16x5.94x5.67% 4.1B
15.67x1.03x6.5x1.35% 2.89B
13.04x1.53x7.24x6.47% 2.84B
14.21x - - 2.47% 2.79B
8.72x0.93x4.05x2.18% 2.03B
-81.7x20.47x-174.4x0.24% 1.51B
Average 1.65x 3.85x -15.53x 3.64% 5.04B
Weighted average by Cap. 8.53x 2.33x 1.19x 4.52%

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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