Company Valuation: NCC AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 18,035 9,636 12,271 15,879 21,526 19,039 - -
Change - -46.57% 27.34% 29.4% 35.56% -11.55% - -
Enterprise Value (EV) 1 20,967 12,636 16,581 17,043 22,691 19,647 18,615 16,847
Change - -39.73% 31.22% 2.79% 33.14% -13.41% -5.25% -9.5%
P/E 12x 9.45x 7.8x 10.1x 152x 12.2x 11.3x 9.87x
PBR 3.09x 1.32x 1.68x 1.83x 2.72x 2.18x 1.98x 1.98x
PEG - -0.4x 0.1x -54.24x -1.7x 0x 1.41x 0.7x
Capitalization / Revenue 0.34x 0.18x 0.22x 0.26x 0.39x 0.33x 0.32x 0.31x
EV / Revenue 0.39x 0.23x 0.29x 0.28x 0.41x 0.34x 0.31x 0.27x
EV / EBITDA 6.69x 4.88x 5.49x 5.16x 7.08x 6.1x 5.7x 4.57x
EV / EBIT 11.5x 9.3x 9.2x 8.39x 11.7x 9.83x 8.66x 6.98x
EV / FCF 11.1x -92.9x 45.9x 4.27x 19.7x 9.45x 11.8x 9.08x
FCF Yield 9.05% -1.08% 2.18% 23.4% 5.07% 10.6% 8.46% 11%
Dividend per Share 2 6 6 8 9 - 10.25 10.66 11.33
Rate of return 3.58% 6.17% 6.37% 5.54% - 5.26% 5.47% 5.82%
EPS 2 14.02 10.29 16.11 16.08 1.45 15.91 17.18 19.73
Distribution rate 42.8% 58.3% 49.7% 56% - 64.4% 62% 57.5%
Net sales 1 53,414 54,198 56,932 61,609 55,717 56,952 59,962 62,005
EBITDA 1 3,132 2,589 3,021 3,303 3,205 3,220 3,265 3,686
EBIT 1 1,825 1,358 1,802 2,032 1,938 1,999 2,150 2,413
Net income 1 1,508 1,069 1,573 1,571 142 1,553 1,679 1,923
Net Debt 1 2,932 3,000 4,310 1,164 1,165 608 -423.4 -2,192
Reference price 2 167.70 97.25 125.60 162.40 220.20 194.70 194.70 194.70
Nbr of stocks (in thousands) 107,595 97,592 97,662 97,792 97,792 97,792 - -
Announcement Date 2/2/22 1/31/23 1/30/24 2/10/25 2/5/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.24x0.34x6.1x5.26% 1.99B
72.52x3.12x30.51x0.06% 105B
14.3x1.17x6.43x4.1% 81.92B
45.6x5.68x31.52x0.15% 69.14B
27.89x2.1x20.42x1.09% 61.37B
58.89x4.92x31.49x1.44% 49.85B
37.33x0.88x14.65x1.69% 44.1B
31.37x0.63x10.06x1.92% 39.69B
28.65x1.86x17.97x0.17% 37.18B
4.73x0.3x6.28x6.01% 28.14B
Average 33.35x 2.10x 17.54x 2.19% 51.88B
Weighted average by Cap. 39.96x 2.57x 20.52x 1.6%

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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