Company Valuation: Kungsleden

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 13,738 21,491 19,678 26,042 26,042 26,042
Change - 56.44% -8.43% 32.34% 0% 0%
Enterprise Value (EV) 1 30,183 39,945 39,108 45,887 45,674 42,663
Change - 32.34% -2.09% 17.33% -0.46% -6.59%
P/E 6.68x 9.57x 12x 4.64x -182x -6.99x
PBR 0.87x 1.23x 1.06x 1.12x 1.11x 1.32x
PEG - 1.04x -0.4x 0x 2x -0x
Capitalization / Revenue 5.76x 8.87x 7.78x 10x 9.39x 8.95x
EV / Revenue 12.7x 16.5x 15.5x 17.7x 16.5x 14.7x
EV / EBITDA 20.2x 26.5x 23.8x 27x 24.7x 21.7x
EV / EBIT 20.3x 26.5x 23.8x 27.1x 24.7x 21.7x
EV / FCF 35.6x 50x 54.1x 59.8x 64.7x 30x
FCF Yield 2.81% 2% 1.85% 1.67% 1.54% 3.33%
Dividend per Share 2 2.4 2.6 2.8 - - -
Rate of return 3.82% 2.64% 3.11% - - -
EPS 2 9.409 10.28 7.496 26.11 -0.665 -17.32
Distribution rate 25.5% 25.3% 37.4% - - -
Net sales 1 2,385 2,423 2,530 2,593 2,773 2,909
EBITDA 1 1,492 1,508 1,643 1,697 1,847 1,969
EBIT 1 1,490 1,506 1,641 1,695 1,846 1,968
Net income 1 2,055 2,245 1,636 5,630 -143 -3,724
Net Debt 1 16,445 18,454 19,430 19,845 19,632 16,621
Reference price 2 62.90 98.40 90.10 121.10 121.10 121.10
Nbr of stocks (in thousands) 218,403 218,403 218,403 215,042 215,042 215,042
Announcement Date 3/19/19 3/19/20 3/25/21 6/1/22 6/1/23 4/30/24
1SEK in Million2SEK
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 2.88B
14.04x4.51x12.17x3.61% 39.98B
17.8x3.94x15.85x1.38% 28.22B
7.88x1.42x7.8x4.49% 26.51B
5.45x0.65x1.36x9.17% 26.23B
13.78x3.08x14.74x2.54% 26.13B
10.63x2.15x9.15x3.95% 21.37B
7.85x0.87x3.17x2.85% 20.08B
13.11x6.41x16.85x1.66% 19.31B
37.44x13.73x34.11x3.16% 18.14B
Average 14.22x 4.08x 12.80x 3.65% 22.88B
Weighted average by Cap. 13.69x 3.82x 12.24x 3.72%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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