Company Valuation: Sagax

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 101,048 78,649 97,299 80,428 71,103 62,044 - -
Change - -22.17% 23.71% -17.34% -11.59% -12.74% - -
Enterprise Value (EV) 1 127,317 109,965 127,614 115,275 109,733 105,877 105,990 105,830
Change - -13.63% 16.05% -9.67% -4.81% -3.51% 0.11% -0.15%
P/E - - - - - 11.3x 10.2x 9.99x
PBR - - - - - 1.16x 1.06x 0.98x
PEG - - - - - - 1x 4.45x
Capitalization / Revenue 32.4x 21.1x 22.5x 15.9x 13.2x 11.1x 10.4x 10x
EV / Revenue 40.8x 29.5x 29.6x 22.8x 20.3x 18.9x 17.7x 17.1x
EV / EBITDA 52.5x 38.5x 37.9x 28.8x 25.8x 24.2x 22.4x 21.4x
EV / EBIT 24.8x 30.3x 29.6x 22.5x 20.5x 18.1x 17.6x 16.8x
EV / FCF -56.9x 43.8x 47.9x 51.9x 41.6x 402x 38.9x 36.6x
FCF Yield -1.76% 2.28% 2.09% 1.93% 2.4% 0.25% 2.57% 2.73%
Dividend per Share 2 - - - - 3.7 3.734 3.92 4.044
Rate of return - - - - 1.89% 2.24% 2.35% 2.42%
EPS 2 - - - - - 14.79 16.36 16.72
Distribution rate - - - - - 25.2% 24% 24.2%
Net sales 1 3,123 3,727 4,318 5,063 5,402 5,597 5,983 6,192
EBITDA 1 2,426 2,858 3,369 4,004 4,254 4,374 4,725 4,953
EBIT 1 5,144 3,624 4,306 5,112 5,362 5,846 6,006 6,294
Net income 1 9,807 2,718 -13 5,255 4,048 4,512 3,991 4,098
Net Debt 1 26,269 31,316 30,315 34,847 38,630 43,832 43,945 43,786
Reference price 2 303.00 239.00 274.00 225.00 196.00 167.00 167.00 167.00
Nbr of stocks (in thousands) 443,915 444,281 464,596 464,686 464,709 494,709 - -
Announcement Date 2/11/22 2/17/23 2/22/24 2/21/25 2/9/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 18.61x23.82x2.28% 6.12B
6.04x16.48x20.58x5.46% 7.51B
11.15x12.55x15.69x2.38% 3.13B
14.06x7.43x17.89x4.33% 2.13B
10.49x - - - 1.6B
8.85x3.36x8.74x4.24% 1.15B
14.24x15.99x18.57x1.13% 1.01B
8.82x11.52x22.97x-.--% 712M
12.38x16.29x18.54x4.36% 645M
11.6x12.88x17.59x-.--% 559M
Average 10.85x 12.79x 18.26x 2.69% 2.46B
Weighted average by Cap. 9.34x 14.75x 19.79x 3.5%

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

-40%: Exceptional extension
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