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 9,153 - -
Change - -59.53% 0.86% -5.97% -16.54% 1.87% - -
Enterprise Value (EV) 1 32,454 17,997 25,817 21,998 19,189 21,995 23,800 26,125
Change - -44.55% 43.45% -14.79% -12.77% 14.63% 8.2% 9.77%
P/E 15.8x 7.35x 26.5x 43.6x 144x 26.6x 14.4x 10.3x
PBR 3.37x 1.27x 1.37x 1.32x 1.13x 1.11x 1.05x 0.99x
PEG - -0.76x -0.4x -1x -1.9x 0x 0.2x 0.3x
Capitalization / Revenue 1.92x 0.69x 0.83x 0.86x 0.9x 0.78x 0.7x 0.62x
EV / Revenue 2.22x 1.1x 1.86x 1.76x 1.92x 1.87x 1.81x 1.77x
EV / EBITDA 13.9x 8.9x 17.1x 31.8x 58.9x 36.9x 24.7x 20.4x
EV / EBIT 14.6x 8.72x 35.3x 41.4x 64.6x 38.1x 24.8x 20.5x
EV / FCF -33.2x - 24.5x 6.47x 385x 55.3x 130x 51.6x
FCF Yield -3.01% - 4.09% 15.5% 0.26% 1.81% 0.77% 1.94%
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% 1.85% 3.35% 4.93%
EPS 2 25.9 23.4 6.7 3.83 0.97 5.333 9.847 13.71
Distribution rate 52.1% 59.8% 44.8% 84.9% 206% 49.2% 48.2% 51%
Net sales 1 14,608 16,385 13,851 12,507 9,981 11,747 13,125 14,748
EBITDA 1 2,329 2,021 1,510 692 326 595.5 965.3 1,280
EBIT 1 2,216 2,064 732 531 297 576.7 958.3 1,272
Net income 1 1,798 1,575 433 246 63 356 636.3 884.9
Net Debt 1 4,403 6,645 14,367 11,232 10,203 12,842 14,646 16,972
Reference price 2 408.60 172.10 177.50 166.90 139.30 141.90 141.90 141.90
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.($)
26.61x1.87x36.94x1.85% 947M
15x1.42x10.92x1.13% 44.97B
13.34x - - 0.76% 25.46B
10.64x0.91x8.39x3.95% 17.16B
12.32x1.5x8.92x0.65% 14.69B
10.05x0.83x8.95x4.24% 13.79B
13.68x - - -.--% 6.71B
13.43x0.82x6.58x3.15% 6.54B
11.2x0.57x5.66x5.06% 5.24B
9.12x0.76x10.52x3.72% 5.13B
Average 13.54x 1.08x 12.11x 2.45% 14.06B
Weighted average by Cap. 12.99x 1.17x 9.69x 1.95%

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