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 1,551 - -
Change - 8.72% 54.01% -27.53% 33.05% 35.48% - -
Enterprise Value (EV) 1 653.2 722.2 1,100 767.5 1,002 1,441 1,387 1,313
Change - 10.56% 52.34% -30.23% 30.52% 43.83% -3.71% -5.33%
P/E 20.3x 46.9x 39.7x 23x 23.3x 25x 18.9x 14.6x
PBR 8x 7.48x 10.3x 6.6x 7.63x 8.6x 6.67x 5.08x
PEG - -0.9x 0.5x 0.9x 0.8x 0.9x 0.6x 0.5x
Capitalization / Revenue 2.13x 2.12x 2.85x 2.13x 2.48x 2.87x 2.53x 2.26x
EV / Revenue 1.96x 1.99x 2.64x 1.9x 2.17x 2.67x 2.26x 1.91x
EV / EBITDA 11.5x 22.6x 19.6x 12.6x 11.7x 13.1x 10.2x 7.73x
EV / EBIT 14.7x 38.4x 26.9x 16.6x 14.8x 17x 12.6x 9.34x
EV / FCF 65.3x 15x 14.8x 19.1x 13.9x 27x 14.3x 10.8x
FCF Yield 1.53% 6.66% 6.76% 5.24% 7.21% 3.71% 6.98% 9.25%
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% 1.9% 2.14% 2.56%
EPS 2 1.89 0.89 1.62 2.03 2.66 3.365 4.445 5.755
Distribution rate - 169% 92.6% 73.9% 60.2% 47.5% 40.5% 37.4%
Net sales 1 333 363 416.9 404.7 461.8 540.5 613.5 687.5
EBITDA 1 56.7 31.9 56.1 60.9 85.6 110 136.5 170
EBIT 1 44.3 18.8 40.9 46.3 67.8 84.75 109.9 140.6
Net income 1 34.8 17.1 30 37.4 49.2 63.95 83.15 108
Net Debt 1 -56 -48.9 -87.4 -93.1 -143.3 -110.6 -164 -238
Reference price 2 38.40 41.75 64.30 46.60 62.00 84.00 84.00 84.00
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.($)
24.96x2.67x13.1x1.9% 160M
29.32x6.81x21.74x-.--% 26.82B
20.85x1.83x10.6x1.68% 7.35B
38.99x2.48x15.35x1.66% 2.8B
226.58x - - - 2.78B
18.65x2.16x10.67x1.59% 2.44B
32.95x7.67x30.22x1.36% 1.48B
33.89x6.91x24.05x0.25% 1.19B
28.55x2.95x14.24x0.87% 930M
Average 50.53x 4.18x 17.50x 1.16% 5.1B
Weighted average by Cap. 40.12x 5.35x 18.97x 0.56%

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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