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 57,933 - -
Change - -22.17% 23.71% -17.34% -11.59% -18.52% - -
Enterprise Value (EV) 1 127,317 109,965 127,614 115,275 109,733 102,252 101,896 101,268
Change - -13.63% 16.05% -9.67% -4.81% -6.82% -0.35% -0.62%
P/E - - - - - 10.6x 9.6x 9.39x
PBR - - - - - 1.18x 1.07x 0.99x
PEG - - - - - - 0.9x 4.18x
Capitalization / Revenue 32.4x 21.1x 22.5x 15.9x 13.2x 10.3x 9.56x 9.26x
EV / Revenue 40.8x 29.5x 29.6x 22.8x 20.3x 18.1x 16.8x 16.2x
EV / EBITDA 52.5x 38.5x 37.9x 28.8x 25.8x 20.7x 19.1x 18.1x
EV / EBIT 24.8x 30.3x 29.6x 22.5x 20.5x 17.5x 16.5x 15.8x
EV / FCF -56.9x 43.8x 47.9x 51.9x 41.6x -192x 37.1x 34.2x
FCF Yield -1.76% 2.28% 2.09% 1.93% 2.4% -0.52% 2.69% 2.92%
Dividend per Share 2 - - - - 3.7 3.734 3.92 4.044
Rate of return - - - - 1.89% 2.38% 2.5% 2.58%
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 5,642 6,058 6,258
EBITDA 1 2,426 2,858 3,369 4,004 4,254 4,935 5,345 5,580
EBIT 1 5,144 3,624 4,306 5,112 5,362 5,841 6,163 6,405
Net income 1 9,807 2,718 -13 5,255 4,048 4,537 4,314 4,437
Net Debt 1 26,269 31,316 30,315 34,847 38,630 44,318 43,962 43,335
Reference price 2 303.00 239.00 274.00 225.00 196.00 157.00 157.00 157.00
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.($)
61.61x - - - 65.82B
14.08x4.56x12.27x3.6% 40.07B
5.7x0.76x1.57x8.64% 27.87B
8.36x1.48x7.93x4.24% 27.77B
17.83x3.95x15.87x1.37% 27.62B
13.63x3.06x14.66x2.57% 25.25B
9.19x3.49x7.71x-.--% 21.67B
8.18x0.91x3.3x2.73% 20.93B
10.37x2.04x8.39x4.05% 20.85B
Average 16.55x 2.53x 8.96x 3.4% 30.87B
Weighted average by Cap. 23.15x 2.68x 9.32x 3.52%

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