Company Valuation: SAAB AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 30,325 54,355 80,855 124,896 288,781 330,785 - -
Change - 79.24% 48.75% 54.47% 131.22% 14.55% - -
Enterprise Value (EV) 1 32,450 51,923 78,512 122,685 284,792 326,564 325,480 322,496
Change - 60.01% 51.21% 56.26% 132.13% 14.67% -0.33% -0.92%
P/E 15.9x 25x 24.1x 30.2x 45.9x 40.9x 32.4x 26.6x
PBR 1.32x 1.85x 2.53x 3.52x 6.67x 6.52x 5.64x 4.84x
PEG - 1.8x 0.5x 1.3x 0.9x 1.4x 1.2x 1.2x
Capitalization / Revenue 0.77x 1.29x 1.57x 1.96x 3.65x 3.38x 2.78x 2.37x
EV / Revenue 0.83x 1.24x 1.52x 1.92x 3.6x 3.34x 2.74x 2.31x
EV / EBITDA 6.72x 9.61x 12x 14.6x 25.1x 22.9x 18.4x 15.2x
EV / EBIT 11.2x 15.9x 18.4x 21.7x 35.3x 31x 24.5x 20.1x
EV / FCF 10.2x 22.2x 26.9x 64.8x 616x 114x 104x 67.5x
FCF Yield 9.84% 4.51% 3.72% 1.54% 0.16% 0.87% 0.97% 1.48%
Dividend per Share 2 1.225 1.325 1.6 2 2.4 3.471 4.374 5.374
Rate of return 2.13% 1.29% 1.05% 0.86% 0.45% 0.57% 0.71% 0.88%
EPS 2 3.612 4.102 6.29 7.74 11.7 15.02 18.93 23.06
Distribution rate 33.9% 32.3% 25.4% 25.8% 20.5% 23.1% 23.1% 23.3%
Net sales 1 39,154 42,006 51,609 63,751 79,146 97,870 118,810 139,575
EBITDA 1 4,826 5,401 6,558 8,402 11,347 14,265 17,657 21,223
EBIT 1 2,888 3,274 4,272 5,662 8,066 10,544 13,264 16,075
Net income 1 1,926 2,195 3,381 4,171 6,314 8,024 10,087 12,248
Net Debt 1 2,125 -2,432 -2,343 -2,211 -3,989 -4,220 -5,305 -8,289
Reference price 2 57.58 102.68 151.90 233.70 537.60 614.10 614.10 614.10
Nbr of stocks (in thousands) 526,704 529,386 532,293 534,427 537,166 538,649 - -
Announcement Date 2/11/22 2/10/23 2/9/24 2/7/25 2/5/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
41.08x3.35x22.99x0.56% 33.36B
36.72x6.74x28.24x0.57% 330B
31.11x2.91x17.27x1.52% 253B
34.78x5.06x21.26x0.98% 162B
17x1.65x11.87x2.7% 120B
19.66x1.67x13.66x1.89% 90.27B
25.65x1.82x12.71x2.02% 73.7B
17.42x1.83x13x1.92% 71.86B
28.32x3.11x13.67x1.45% 51.27B
Average 27.97x 3.13x 17.18x 1.51% 131.71B
Weighted average by Cap. 29.87x 3.94x 19.51x 1.35%

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