Company Valuation: Mendus AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 854.4 480.6 451.4 392.9 342.9 466.9 - -
Change - -43.76% -6.06% -12.97% -12.71% 36.14% - -
Enterprise Value (EV) 1 735.8 490.7 331.5 291.8 279.1 488.2 294.8 466.9
Change - -33.3% -32.45% -11.97% -4.35% 74.9% -39.6% 58.34%
P/E -5.87x -3.44x -2.38x -2.95x -2.58x -4.89x -6.06x -2.37x
PBR - - - 0.61x 0.6x 1.1x 1.45x -
PEG - 0.84x 0x 0.1x 0.1x 0.1x 0.3x -0x
Capitalization / Revenue 27,562x 142x 15.2x 77.8x 43.4x 40.8x 2.71x 118x
EV / Revenue 23,735x 145x 11.2x 57.8x 35.3x 42.6x 1.71x 118x
EV / EBITDA -5.66x -3.73x -3.69x -2.35x -2.6x -5.16x 1.91x -6.85x
EV / EBIT -5.66x -3.67x -3.29x -2.23x -2.46x -5x 9.62x -1.99x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -14.6 -14 -4.4 -2.64 -2.17 -1.44 -1.162 -2.97
Distribution rate - - - - - - - -
Net sales 1 0.031 3.375 29.61 5.048 7.902 11.45 172.2 3.95
EBITDA 1 -130.1 -131.5 -89.78 -124.2 -107.2 -94.64 154.3 -68.2
EBIT 1 -130.1 -133.7 -100.6 -130.7 -113.5 -97.67 30.65 -234.9
Net income 1 -133.4 -138.8 -101.6 -128.4 -113.3 -98.06 -49.72 -234.8
Net Debt 1 -118.6 10.19 -119.9 -101.1 -63.81 21.31 -172 -
Reference price 2 85.700 48.200 10.460 7.801 5.600 7.040 7.040 7.040
Nbr of stocks (in thousands) 9,970 9,970 43,157 50,360 61,234 66,315 - -
Announcement Date 2/17/22 2/17/23 2/14/24 2/13/25 2/11/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-4.89x42.63x-5.16x-.--% 48.7M
34.28x6.11x18.18x0.94% 50.47B
-21.19x258.61x-22.63x-.--% 44.56B
33.71x3.27x14.1x-.--% 43.08B
48.04x5.57x30.46x-.--% 41.7B
28.96x8.75x22.11x0.4% 33.21B
34.16x5.6x25.43x-.--% 16.77B
24.12x2.1x9.08x1.12% 14.58B
77.98x4.1x15.89x-.--% 13.92B
Average 28.35x 37.42x 11.94x 0.27% 28.7B
Weighted average by Cap. 27.92x 49.08x 12.78x 0.3%

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