Company Valuation: Micro Systemation AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 709.2 771.1 1,188 860.6 1,145 1,710 - -
Change - 8.72% 54.01% -27.53% 33.05% 49.35% - -
Enterprise Value (EV) 1 653.2 722.2 1,100 767.5 1,002 1,620 1,569 1,498
Change - 10.56% 52.34% -30.23% 30.52% 61.73% -3.14% -4.52%
P/E 20.3x 46.9x 39.7x 23x 23.3x 26.5x 20.7x 16x
PBR 8x 7.48x 10.3x 6.6x 7.63x 9.68x 7.53x 5.82x
PEG - -0.9x 0.5x 0.9x 0.8x 0.8x 0.8x 0.5x
Capitalization / Revenue 2.13x 2.12x 2.85x 2.13x 2.48x 3.16x 2.79x 2.49x
EV / Revenue 1.96x 1.99x 2.64x 1.9x 2.17x 2.99x 2.56x 2.18x
EV / EBITDA 11.5x 22.6x 19.6x 12.6x 11.7x 14.5x 11.5x 8.81x
EV / EBIT 14.7x 38.4x 26.9x 16.6x 14.8x 18.6x 14.3x 10.6x
EV / FCF 65.3x 15x 14.8x 19.1x 13.9x 30.3x 16.2x 12.3x
FCF Yield 1.53% 6.66% 6.76% 5.24% 7.21% 3.3% 6.18% 8.11%
Dividend per Share 2 - 1.5 1.5 1.5 1.6 1.6 1.8 2.15
Rate of return - 3.59% 2.33% 3.22% 2.58% 1.73% 1.94% 2.32%
EPS 2 1.89 0.89 1.62 2.03 2.66 3.5 4.465 5.77
Distribution rate - 169% 92.6% 73.9% 60.2% 45.7% 40.3% 37.3%
Net sales 1 333 363 416.9 404.7 461.8 541 613.5 688
EBITDA 1 56.7 31.9 56.1 60.9 85.6 112 137 170
EBIT 1 44.3 18.8 40.9 46.3 67.8 87.25 109.9 141.1
Net income 1 34.8 17.1 30 37.4 49.2 63.9 82.3 106
Net Debt 1 -56 -48.9 -87.4 -93.1 -143.3 -90.1 -141 -212
Reference price 2 38.40 41.75 64.30 46.60 62.00 92.60 92.60 92.60
Nbr of stocks (in thousands) 18,468 18,468 18,468 18,468 18,468 18,468 - -
Announcement Date 1/27/22 1/27/23 1/25/24 1/28/25 1/27/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.46x2.99x14.46x1.73% 178M
28.97x6.84x21.68x-.--% 26.95B
18.36x1.7x9.79x1.83% 7.21B
264.5x - - - 3.39B
42.4x2.66x16.3x1.52% 3B
16.5x1.9x10.09x1.84% 2.23B
39.54x9.34x36.81x1.13% 1.79B
40.64x7.34x29.76x0.22% 1.38B
314.25x - - - 830M
Average 87.96x 4.68x 19.84x 1.18% 5.22B
Weighted average by Cap. 50.37x 5.52x 19.55x 0.57%

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

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  4. Valuation Micro Systemation AB
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