Company Valuation: Nordnet AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 43,400 37,681 42,948 59,141 67,357 91,637 - -
Change - -13.18% 13.98% 37.7% 13.89% 36.05% - -
Enterprise Value (EV) 39,150 33,954 38,755 55,356 62,682 91,637 91,637 91,637
Change - -13.27% 14.14% 42.83% 13.24% 46.19% 0% 0%
P/E 22.4x 23.8x 17.4x 21.6x 22.9x 26.7x 23.6x 21x
PBR 7.25x 6.24x 5.55x 7.44x 8.02x 10.5x 9.37x 8.28x
PEG - -1.3x 0.3x 2.1x 2.56x 1.6x 1.8x 1.7x
Capitalization / Revenue 12x 11.1x 9.44x 11.5x 12.5x 15x 13.5x 12.2x
EV / Revenue 0x 0x 0x 0x 0x 15x 13.5x 12.2x
EV / EBITDA 0x 0x 0x 0x 0x 20x 17.4x 15.4x
EV / EBIT 0x 0x 0x 0x 0x 21.4x 18.9x 16.9x
EV / FCF - - - 0x 0x 26.5x 24.2x 21.4x
FCF Yield - - - 9.9% 18.2% 3.77% 4.13% 4.66%
Dividend per Share 2 5.56 4.6 7.2 8.1 8.6 9.597 10.98 12.34
Rate of return 3.2% 3.05% 4.21% 3.45% 3.18% 2.6% 2.98% 3.35%
EPS 2 7.75 6.33 9.83 10.85 11.82 13.8 15.62 17.6
Distribution rate 71.7% 72.7% 73.2% 74.7% 72.8% 69.5% 70.3% 70.2%
Net sales 1 3,628 3,382 4,550 5,152 5,384 6,103 6,801 7,528
EBITDA 1 2,650 2,263 3,430 3,790 3,962 4,583 5,256 5,956
EBIT 1 2,488 2,091 3,251 3,506 3,736 4,288 4,837 5,421
Net income 1 1,985 1,652 2,579 2,814 3,015 3,444 3,875 4,338
Net Debt -4,250 -3,726 -4,193 -3,785 -4,675 - - -
Reference price 2 173.60 150.95 171.00 234.80 270.20 368.80 368.80 368.80
Nbr of stocks (in thousands) 250,000 249,625 251,159 251,877 249,287 248,473 - -
Announcement Date 2/3/22 1/31/23 1/30/24 1/28/25 1/28/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.66x - - 2.61% 9.46B
14.78x - - 1.89% 896B
13.11x - - 2.01% 417B
5.39x - - 5.75% 351B
11.88x - - 4.34% 331B
18.28x - - 2.33% 285B
5.16x - - 5.91% 270B
12.21x - - 2.2% 262B
5.5x - - 5.66% 247B
16.89x - - 2.29% 231B
Average 12.99x 3.5% 329.96B
Weighted average by Cap. 12.08x 3.26%

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

  1. Stock Market
  2. Stocks
  3. SAVE Stock
  4. Valuation Nordnet AB