Company Valuation: Husqvarna AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 61,035 82,916 41,753 47,275 33,049 25,613 25,613 -
Change - 35.85% -49.64% 13.23% -30.09% -22.5% 0% -
Enterprise Value (EV) 1 67,528 92,539 59,462 62,915 47,520 36,326 35,949 34,579
Change - 37.04% -35.74% 5.81% -24.47% -23.55% -1.04% -3.81%
P/E ratio 24.5x 18.7x 21.6x 21.8x 25x 15.1x 15.9x 11.1x
PBR 3.57x 3.84x 1.75x 1.99x 1.34x 1.06x 1.04x 0.94x
PEG - 0.2x -0.4x 1.7x -0.6x 0.4x -1.4x 0.3x
Capitalization / Revenue 1.46x 1.76x 0.77x 0.89x 0.68x 0.57x 0.57x 0.54x
EV / Revenue 1.61x 1.97x 1.1x 1.18x 0.98x 0.77x 0.8x 0.73x
EV / EBITDA 10.9x 11.6x 9.31x 7.95x 7.6x 6.2x 5.94x 5.12x
EV / EBIT 15.1x 16.3x 12.3x 12.7x 14.9x 12x 11.2x 9.19x
EV / FCF 11.1x 29.5x -14.7x 14.2x 11.2x 12.4x 15.5x 19x
FCF Yield 9.01% 3.39% -6.81% 7.06% 8.91% 8.07% 6.46% 5.25%
Dividend per Share 2 2.4 3 3 3 1 1.165 1.212 1.99
Rate of return 2.25% 2.07% 4.1% 3.62% 1.73% 2.6% 2.7% 4.44%
EPS 2 4.35 7.73 3.38 3.81 2.31 3.09 2.823 4.028
Distribution rate 55.2% 38.8% 88.8% 78.7% 43.3% 36.5% 42.9% 49.4%
Net sales 1 41,943 47,059 54,037 53,261 48,352 46,613 44,811 47,231
EBITDA 1 6,206 7,987 6,385 7,911 6,255 5,888 6,052 6,756
EBIT 1 4,484 5,684 4,853 4,970 3,195 2,901 3,209 3,762
Net income 1 2,494 4,437 1,932 2,177 1,325 1,768 1,613 2,304
Net Debt 1 6,493 9,623 17,709 15,640 14,471 10,713 10,336 8,966
Reference price 2 106.50 144.85 73.12 82.98 57.74 44.83 44.83 44.83
Nbr of stocks (in thousands) 572,578 572,922 570,453 570,618 571,697 571,769 571,769 -
Announcement Date 2/3/21 2/3/22 2/1/23 2/2/24 2/5/25 2/4/26 - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.96x0.77x6.18x2.62% 2.85B
13.55x1.07x9.68x5.07% 86.01B
11.38x0.61x5.93x4.44% 33.7B
27.33x2.9x16.43x-.--% 18.5B
58.1x4x39.49x - 11.33B
17.37x1.38x8.49x2.79% 6.97B
16.13x1.43x12.47x5.54% 5.16B
38.29x - - - 4.15B
16.25x0.81x5.88x2.48% 3.6B
12.25x0.61x5.95x3.85% 3.38B
Average 22.46x 1.51x 12.28x 3.35% 17.57B
Weighted average by Cap. 18.31x 1.37x 11.47x 4.14%

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