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 1,518 - -
Change - 8.72% 54.01% -27.53% 33.05% 32.58% - -
Enterprise Value (EV) 1 653.2 722.2 1,100 767.5 1,002 1,417 1,371 1,305
Change - 10.56% 52.34% -30.23% 30.52% 41.43% -3.26% -4.82%
P/E 20.3x 46.9x 39.7x 23x 23.3x 28.2x 20.3x 15.2x
PBR 8x 7.48x 10.3x 6.6x 7.63x 8.83x 7.03x 5.41x
PEG - -0.9x 0.5x 0.9x 0.8x 3x 0.5x 0.5x
Capitalization / Revenue 2.13x 2.12x 2.85x 2.13x 2.48x 2.87x 2.52x 2.24x
EV / Revenue 1.96x 1.99x 2.64x 1.9x 2.17x 2.68x 2.28x 1.93x
EV / EBITDA 11.5x 22.6x 19.6x 12.6x 11.7x 14.4x 10.8x 8.05x
EV / EBIT 14.7x 38.4x 26.9x 16.6x 14.8x 19.4x 13.7x 9.9x
EV / FCF 65.3x 15x 14.8x 19.1x 13.9x 28.1x 15.3x 11.3x
FCF Yield 1.53% 6.66% 6.76% 5.24% 7.21% 3.56% 6.54% 8.85%
Dividend per Share 2 - 1.5 1.5 1.5 1.6 1.6 1.9 2.35
Rate of return - 3.59% 2.33% 3.22% 2.58% 1.95% 2.31% 2.86%
EPS 2 1.89 0.89 1.62 2.03 2.66 2.91 4.045 5.4
Distribution rate - 169% 92.6% 73.9% 60.2% 55% 47% 43.5%
Net sales 1 333 363 416.9 404.7 461.8 529 601.5 677
EBITDA 1 56.7 31.9 56.1 60.9 85.6 98.7 127 162
EBIT 1 44.3 18.8 40.9 46.3 67.8 73.15 99.95 131.8
Net income 1 34.8 17.1 30 37.4 49.2 55.2 75.45 101
Net Debt 1 -56 -48.9 -87.4 -93.1 -143.3 -101.3 -147.5 -213.5
Reference price 2 38.40 41.75 64.30 46.60 62.00 82.20 82.20 82.20
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.($)
28.25x2.68x14.35x1.95% 157M
28.64x6.66x21.27x-.--% 26.19B
20.79x1.79x10.49x1.69% 7.41B
387.3x - - - 4.74B
39.14x2.49x15.41x1.65% 2.84B
18.22x2.05x10.25x1.69% 2.37B
44.11x10.71x42.2x0.98% 1.98B
36.61x7.48x26.01x0.23% 1.25B
31.08x3.21x15.48x0.8% 1.02B
Average 70.46x 4.63x 19.43x 1.12% 5.33B
Weighted average by Cap. 63.90x 5.41x 19.37x 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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