Company Valuation: RaySearch Laboratories AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,937 2,331 3,096 7,405 7,816 5,636 - -
Change - 20.35% 32.79% 139.2% 5.56% -27.89% - -
Enterprise Value (EV) 1 2,397 2,727 3,281 7,414 7,804 5,793 5,629 5,402
Change - 13.78% 20.33% 125.95% 5.26% -25.77% -2.83% -4.03%
P/E -40.9x 98.6x 37.9x 36.4x 34.3x 19.9x 16.2x 13.4x
PBR 2.98x 3.55x 4.21x 8.45x 7.93x 6.23x 5.06x 4.13x
PEG - -1x 0x 0x 2.9x 0.8x 0.7x 0.6x
Capitalization / Revenue 3.02x 2.76x 3.03x 6.21x 5.81x 3.99x 3.42x 3.03x
EV / Revenue 3.74x 3.23x 3.21x 6.22x 5.81x 4.1x 3.42x 2.9x
EV / EBITDA 12.2x 8.03x 8.2x 13.3x 13.4x 8.86x 7.44x 6.17x
EV / EBIT -44.8x 63.9x 28.6x 28.5x 26.7x 16.4x 12.6x 9.71x
EV / FCF 234x - - - 21.7x 29.7x 18.6x 13.6x
FCF Yield 0.43% - - - 4.6% 3.37% 5.38% 7.37%
Dividend per Share 2 - - 0.7 3 3 4 5.07 6.15
Rate of return - - 0.78% 1.39% 1.32% 2.43% 3.08% 3.74%
EPS 2 -1.38 0.69 2.38 5.94 6.65 8.27 10.14 12.3
Distribution rate - - 29.4% 50.5% 45.1% 48.4% 50% 50%
Net sales 1 641.1 843.6 1,022 1,192 1,344 1,412 1,648 1,862
EBITDA 1 196.7 339.7 400.1 558 583.5 653.5 756.5 876
EBIT 1 -53.5 42.7 114.9 260.5 292.3 353 448.5 556.5
Net income 1 -47.3 23.8 81.57 203.5 227.8 280 341 413
Net Debt 1 459.7 395.9 185.7 9.2 -12.5 157 -7 -234
Reference price 2 56.50 68.00 90.30 216.00 228.00 164.40 164.40 164.40
Nbr of stocks (in thousands) 34,283 34,283 34,283 34,283 34,283 34,283 - -
Announcement Date 2/23/22 2/28/23 2/23/24 2/21/25 2/12/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.77x4.28x9.25x2.33% 608M
28.85x6.25x13.83x-.--% 29.98B
79.94x68.43x85.24x0.46% 12.68B
79.92x11.78x51.13x0.73% 5.41B
-30.41x8.51x-46.08x - 2.09B
52.38x - - -.--% 1.86B
-6.08x60.28x-6.11x - 1.78B
-112.53x - - - 1.05B
5.92x - - - 855M
108.67x - - 1.23% 746M
Average 22.74x 26.59x 17.88x 0.79% 5.71B
Weighted average by Cap. 40.55x 23.72x 31.79x 0.24%

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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  4. Valuation RaySearch Laboratories AB