Company Valuation: NP3 AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 19,736 10,845 13,397 15,391 15,949 15,963 - -
Change - -45.05% 23.53% 14.88% 3.63% 0.09% - -
Enterprise Value (EV) 1 29,943 22,876 25,157 27,881 29,889 31,761 31,802 31,742
Change - -23.6% 9.97% 10.83% 7.21% 6.26% 0.13% -0.19%
P/E - - - 17.6x - 12.8x 14.6x 14x
PBR 3.6x 1.69x 2.03x 1.9x 1.8x 1.47x 1.34x 1.22x
PEG - - - - - - -1.2x 3.18x
Capitalization / Revenue 15.9x 6.99x 7.46x 7.73x 7.01x 6.33x 5.96x 5.71x
EV / Revenue 24.2x 14.7x 14x 14x 13.1x 12.6x 11.9x 11.3x
EV / EBITDA 29.6x 21.2x 19.7x - 18.3x 17.5x 16.3x 15.5x
EV / EBIT - 18.6x 20x 19.4x 17.7x 16x 16x 15.4x
EV / FCF - - - - - -53.8x 56.8x 43.2x
FCF Yield - - - - - -1.86% 1.76% 2.32%
Dividend per Share 2 4.3 5 5.475 5.2 6.4 6.931 7.248 7.613
Rate of return 1.19% 2.52% 2.35% 2.08% 2.47% 2.76% 2.88% 3.03%
EPS 2 - - - 14.17 - 19.65 17.17 17.93
Distribution rate - - - 36.7% - 35.3% 42.2% 42.5%
Net sales 1 1,238 1,551 1,797 1,992 2,274 2,523 2,680 2,797
EBITDA 1 1,013 1,081 1,279 - 1,634 1,814 1,946 2,049
EBIT 1 - 1,232 1,259 1,438 1,684 1,987 1,986 2,058
Net income 1 2,017 1,224 -62 914 1,276 1,310 1,174 1,293
Net Debt 1 10,207 12,031 11,760 12,490 13,940 15,798 15,839 15,778
Reference price 2 362.50 198.60 233.00 250.00 259.00 251.50 251.50 251.50
Nbr of stocks (in thousands) 54,445 54,608 57,497 61,562 61,581 61,635 - -
Announcement Date 2/11/22 4/6/23 2/9/24 2/7/25 2/6/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- 12.4x17.26x2.76% 1.61B
14.9x4.77x12.83x3.4% 42.42B
19.17x4.05x16.27x1.31% 28.61B
8.15x1.5x7.87x4.44% 26.77B
14.43x3.1x14.85x2.5% 25.7B
5.32x0.6x1.27x9.4% 25.6B
7.77x0.86x3.13x2.88% 19.86B
10.78x2.05x9.56x4.12% 20.41B
13.22x6.48x17.08x1.62% 19.21B
16.5x9.27x17.46x5.02% 17.62B
Average 12.25x 4.51x 11.76x 3.74% 22.78B
Weighted average by Cap. 12.49x 3.60x 11.22x 3.82%

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