Company Valuation: JM AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,051 11,352 11,450 10,766 8,986 7,941 - -
Change - -59.53% 0.86% -5.97% -16.54% -11.63% - -
Enterprise Value (EV) 1 32,454 17,997 25,817 21,998 19,189 20,694 22,799 25,375
Change - -44.55% 43.45% -14.79% -12.77% 7.85% 10.17% 11.3%
P/E 15.8x 7.35x 26.5x 43.6x 144x 28.9x 14.1x 9.44x
PBR 3.37x 1.27x 1.37x 1.32x 1.13x 0.98x 0.93x 0.86x
PEG - -0.76x -0.4x -1x -1.9x 0x 0x 0.2x
Capitalization / Revenue 1.92x 0.69x 0.83x 0.86x 0.9x 0.68x 0.61x 0.53x
EV / Revenue 2.22x 1.1x 1.86x 1.76x 1.92x 1.78x 1.74x 1.7x
EV / EBITDA 13.9x 8.9x 17.1x 31.8x 58.9x 37.5x 26x 20.6x
EV / EBIT 14.6x 8.72x 35.3x 41.4x 64.6x 38.8x 26.2x 20.7x
EV / FCF -33.2x - 24.5x 6.47x 385x 65.7x 218x 53.6x
FCF Yield -3.01% - 4.09% 15.5% 0.26% 1.52% 0.46% 1.87%
Dividend per Share 2 13.5 14 3 3.25 2 2.625 4.75 7
Rate of return 3.3% 8.13% 1.69% 1.95% 1.44% 2.13% 3.86% 5.69%
EPS 2 25.9 23.4 6.7 3.83 0.97 4.253 8.742 13.04
Distribution rate 52.1% 59.8% 44.8% 84.9% 206% 61.7% 54.3% 53.7%
Net sales 1 14,608 16,385 13,851 12,507 9,981 11,607 13,077 14,929
EBITDA 1 2,329 2,021 1,510 692 326 552 878.2 1,232
EBIT 1 2,216 2,064 732 531 297 533.2 871.4 1,224
Net income 1 1,798 1,575 433 246 63 278 617 907.7
Net Debt 1 4,403 6,645 14,367 11,232 10,203 12,754 14,858 17,434
Reference price 2 408.60 172.10 177.50 166.90 139.30 123.10 123.10 123.10
Nbr of stocks (in thousands) 68,652 65,961 64,505 64,505 64,505 64,505 - -
Announcement Date 2/2/22 2/1/23 1/30/24 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.($)
13.69x1.29x10x1.25% 40.7B
12.4x - - 0.81% 23.67B
10.93x0.92x8.68x3.81% 17.63B
10.48x0.85x9.26x4.09% 14.12B
11.53x1.41x8.39x0.7% 13.76B
13.8x - - -.--% 6.67B
13.62x0.83x6.66x3.1% 6.55B
12.57x0.55x5.63x3.95% 5.36B
9.15x0.76x10.95x3.7% 5.09B
Average 12.02x 0.95x 8.51x 2.38% 14.84B
Weighted average by Cap. 12.32x 1.09x 9.07x 1.98%

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