Projected Income Statement: Husqvarna AB

Forecast Balance Sheet: Husqvarna AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 9,623 17,709 15,640 14,471 11,833 9,713 8,027 6,374
Change - 84.03% -11.68% -7.47% -18.23% -17.92% -17.36% -20.59%
Announcement Date 2/3/22 2/1/23 2/2/24 2/5/25 2/4/26 - - -
1SEK in Million
Estimates

Cash Flow Forecast: Husqvarna AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 2,524 2,344 2,627 2,603 2,258 2,118 2,158 2,194
Change - -7.13% 12.07% -0.91% -13.25% -6.19% 1.89% 1.65%
Free Cash Flow (FCF) 1 3,140 -4,052 4,440 4,233 1,944 2,732 2,276 2,640
Change - -229.04% 209.58% -4.66% -54.08% 40.53% -16.69% 15.99%
Announcement Date 2/3/22 2/1/23 2/2/24 2/5/25 2/4/26 - - -
1SEK in Million
Estimates

Forecast Financial Ratios: Husqvarna AB

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

Profitability

        
EBITDA Margin (%) 16.97% 11.82% 14.85% 12.94% 12.63% 13.83% 14.33% 14.83%
EBIT Margin (%) 12.08% 8.98% 9.33% 6.61% 6.22% 7.54% 8.07% 8.71%
EBT Margin (%) 11.67% 4.78% 5.4% 3.58% 4.61% 5.18% 6.42% 7.02%
Net margin (%) 9.43% 3.58% 4.09% 2.74% 3.79% 4.01% 4.91% 5.36%
FCF margin (%) 6.67% -7.5% 8.34% 8.75% 4.17% 5.99% 4.85% 5.47%
FCF / Net Income (%) 70.77% -209.73% 203.95% 319.47% 109.95% 149.25% 98.76% 102.07%

Profitability

        
ROA 9.4% 3.43% 3.65% 2.32% - - - -
ROE 22.2% 13.69% 12.56% 5.48% 7.34% 7.96% 8.76% 9.4%

Financial Health

        
Leverage (Debt/EBITDA) 1.2x 2.77x 1.98x 2.31x 2.01x 1.54x 1.19x 0.89x
Debt / Free cash flow 3.06x -4.37x 3.52x 3.42x 6.09x 3.56x 3.53x 2.41x

Capital Intensity

        
CAPEX / Current Assets (%) 5.36% 4.34% 4.93% 5.38% 4.84% 4.65% 4.6% 4.55%
CAPEX / EBITDA (%) 31.6% 36.71% 33.21% 41.61% 38.35% 33.59% 32.09% 30.68%
CAPEX / FCF (%) 80.38% -57.85% 59.17% 61.49% 116.15% 77.54% 94.84% 83.11%

Items per share

        
Cash flow per share 1 9.866 -2.982 12.36 11.94 7.34 8.4 8.8 9.4
Change - -130.23% 514.54% -3.42% -38.53% 14.45% 4.76% 6.82%
Dividend per Share 1 3 3 3 1 1.25 1.419 1.686 1.997
Change - 0% 0% -66.67% 25% 13.55% 18.77% 18.46%
Book Value Per Share 1 37.7 41.9 41.6 43 41.1 44.05 47.92 50.72
Change - 11.14% -0.72% 3.37% -4.42% 7.19% 8.78% 5.84%
EPS 1 7.73 3.38 3.81 2.31 3.09 3.144 4.185 4.701
Change - -56.27% 12.72% -39.37% 33.77% 1.76% 33.09% 12.33%
Nbr of stocks (in thousands) 572,922 570,453 570,618 571,697 571,767 571,769 571,769 571,769
Announcement Date 2/3/22 2/1/23 2/2/24 2/5/25 2/4/26 - - -
1SEK
Estimates
2026 *2027 *
P/E Ratio 12.8x 9.62x
PBR 0.91x 0.84x
EV / Sales 0.72x 0.66x
Yield 3.52% 4.19%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
40.28SEK
Average target price
50.25SEK
Spread / Average Target
+24.75%

Quarterly revenue - Rate of surprise

  1. Stock Market
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  3. HUSQ B Stock
  4. Financials Husqvarna AB
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