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 80,855 124,896 288,781 344,520 - -
Change - 79.24% 48.75% 54.47% 131.22% 19.3% - -
Enterprise Value (EV) 1 32,450 51,923 78,512 122,685 284,792 340,300 339,215 336,231
Change - 60.01% 51.21% 56.26% 132.13% 19.49% -0.32% -0.88%
P/E 15.9x 25x 24.1x 30.2x 45.9x 42.6x 33.8x 27.8x
PBR 1.32x 1.85x 2.53x 3.52x 6.67x 6.79x 5.88x 5.04x
PEG - 1.8x 0.5x 1.3x 0.9x 1.5x 1.3x 1.3x
Capitalization / Revenue 0.77x 1.29x 1.57x 1.96x 3.65x 3.52x 2.9x 2.47x
EV / Revenue 0.83x 1.24x 1.52x 1.92x 3.6x 3.48x 2.86x 2.41x
EV / EBITDA 6.72x 9.61x 12x 14.6x 25.1x 23.9x 19.2x 15.9x
EV / EBIT 11.2x 15.9x 18.4x 21.7x 35.3x 32.3x 25.6x 21x
EV / FCF 10.2x 22.2x 26.9x 64.8x 616x 119x 108x 70.4x
FCF Yield 9.84% 4.51% 3.72% 1.54% 0.16% 0.84% 0.93% 1.42%
Dividend per Share 2 1.225 1.325 1.6 2 2.4 3.467 4.365 5.348
Rate of return 2.13% 1.29% 1.05% 0.86% 0.45% 0.54% 0.68% 0.84%
EPS 2 3.612 4.102 6.29 7.74 11.7 15.01 18.94 23.01
Distribution rate 33.9% 32.3% 25.4% 25.8% 20.5% 23.1% 23% 23.2%
Net sales 1 39,154 42,006 51,609 63,751 79,146 97,783 118,712 139,298
EBITDA 1 4,826 5,401 6,558 8,402 11,347 14,241 17,624 21,135
EBIT 1 2,888 3,274 4,272 5,662 8,066 10,530 13,243 16,011
Net income 1 1,926 2,195 3,381 4,171 6,314 8,028 10,103 12,283
Net Debt 1 2,125 -2,432 -2,343 -2,211 -3,989 -4,220 -5,305 -8,289
Reference price 2 57.58 102.68 151.90 233.70 537.60 639.60 639.60 639.60
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.($)
42.6x3.48x23.9x0.54% 35.94B
40.27x7.24x30.08x0.53% 355B
35.11x3.25x19.28x1.35% 285B
35.84x5.27x22.2x0.95% 172B
18.51x1.78x12.8x2.48% 130B
22.31x1.89x15.44x1.66% 102B
26.29x1.88x13.23x1.94% 78.48B
18.8x1.96x13.92x1.78% 77.51B
33.61x3.73x16.35x1.22% 62.53B
Average 30.37x 3.39x 18.58x 1.38% 144.45B
Weighted average by Cap. 32.58x 4.22x 20.97x 1.24%

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