Company Valuation: NOTE AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2023 2024 2025 2026 2027
Market Cap 1 1,691 6,603 4,304 4,290 4,414 4,414 -
Change - 290.47% - -0.34% 2.89% 0% -
Enterprise Value (EV) 1 1,691 6,603 4,304 4,509 5,720 5,725 5,501
Change - 290.47% - 4.75% 26.87% 16.03% -3.91%
P/E 14.7x 34.4x 13.5x 17.2x 18.4x 14x 11.2x
PBR - - - 2.57x 3.15x 2.22x 1.9x
PEG - 0.5x - -0.8x 1.2x 0.8x 0.4x
Capitalization / Revenue - - - 1.1x 1.36x 0.94x 0.82x
EV / Revenue - - - 1.16x 1.5x 1.21x 1.02x
EV / EBITDA - - - 9.51x 11.3x 8.9x 7.31x
EV / EBIT - - - 12.8x 15x 11.9x 9.75x
EV / FCF - - - - 15.8x 25.1x 17.4x
FCF Yield - - - - 6.34% 3.98% 5.76%
Dividend per Share 2 - - - - 4.64 1.36 1.755
Rate of return - - - - 2.97% 0.87% 1.12%
EPS 2 4.05 6.72 11.04 8.61 9.89 11.18 14
Distribution rate - - - - 48.6% 12.2% 12.5%
Net sales 1 - - - 3,901 3,814 4,720 5,369
EBITDA 1 - - - 474 504 643.3 752.3
EBIT 1 - - - 352 381 481.4 564.3
Net income 1 116 194 320 248 281 320.3 399.8
Net Debt 1 - - - 219 530 1,311 1,087
Reference price 2 59.60 231.00 148.50 148.00 156.30 156.30 156.30
Nbr of stocks (in thousands) 28,373 28,584 28,984 28,984 28,549 28,549 -
Announcement Date 6/18/21 1/28/22 3/22/24 1/27/25 1/26/26 - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.36x1.3x10.02x2.97% 459M
65.22x10.38x52.65x1.22% 217B
87.23x10.67x20.46x-.--% 114B
64.38x - - 0.15% 66.08B
57.63x11.63x43.67x0.82% 62.23B
69.29x8.99x36.39x0.61% 51.83B
34.51x8.83x26.05x0.97% 46.88B
8666.67x82.21x2605.01x - 45.93B
59.53x9.92x40.33x0.74% 44.92B
43.76x10.01x32.5x0.46% 41.07B
Average 916.46x 17.10x 318.56x 0.88% 69.05B
Weighted average by Cap. 636.81x 15.54x 228.04x 0.71%

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