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 48,584 - -
Change - -4.87% 0.29% -5.62% -14.81% -10.75% - -
Enterprise Value (EV) 1 75,069 69,654 69,573 67,295 59,413 53,397 53,664 53,524
Change - -7.21% -0.12% -3.27% -11.71% -10.13% 0.5% -0.26%
P/E 23.5x 11.4x 18.5x 22.6x 19.2x 20.8x 19.3x 18.4x
PBR 1.5x 1.18x 1.2x 1.13x - 0.89x 0.86x 0.84x
PEG - 0.1x -0.5x -1x 6.91x -1.3x 2.57x 3.52x
Capitalization / Revenue 3.64x 2.82x 2.97x 2.81x 2.47x 2.24x 2.22x 2.21x
EV / Revenue 3.85x 2.91x 3.05x 2.96x 2.69x 2.46x 2.45x 2.43x
EV / EBITDA 14.1x 8.09x 11.4x 13.2x 12.6x 12x 11.5x 11.1x
EV / EBIT 18.5x 9.59x 14.6x 18.1x 18.2x 17.2x 16x 15.2x
EV / FCF 51.6x 17.1x 17x 56.4x 34.7x 22.2x 26x 26.5x
FCF Yield 1.94% 5.86% 5.89% 1.77% 2.88% 4.51% 3.84% 3.78%
Dividend per Share 2 7.5 8 8.5 9 9.5 9.479 9.818 10.17
Rate of return 1.73% 1.93% 2% 2.22% 2.68% 2.93% 3.03% 3.14%
EPS 2 18.5 36.3 23 18 18.5 15.57 16.74 17.61
Distribution rate 40.5% 22% 37% 50% 51.4% 60.9% 58.7% 57.8%
Net sales 1 19,479 23,952 22,795 22,759 22,056 21,733 21,898 22,027
EBITDA 1 5,322 8,607 6,114 5,110 4,733 4,443 4,665 4,839
EBIT 1 4,061 7,262 4,755 3,721 3,270 3,109 3,350 3,523
Net income 1 3,004 5,874 3,697 2,861 2,879 2,358 2,517 2,637
Net Debt 1 4,101 2,145 1,869 3,397 4,979 4,813 5,080 4,940
Reference price 2 434.70 413.90 425.70 406.20 354.40 323.80 323.80 323.80
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.($)
16.55x1.61x10.18x6.53% 14.3B
5.64x2.24x5.24x3.69% 10B
20.86x2.48x12.16x2.97% 5.18B
19.81x0.85x11.22x4.11% 4.68B
9.07x2.21x5.85x5.54% 4.31B
13.7x1.03x6.51x1.77% 2.83B
16.86x1.81x8.21x5.68% 2.67B
11.22x - - 3.13% 2.21B
5.63x0.83x4.14x2.85% 1.86B
Average 13.26x 1.63x 7.94x 4.03% 5.34B
Weighted average by Cap. 13.57x 1.77x 8.44x 4.61%

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