Company Valuation: Sandvik AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 316,858 236,326 273,582 248,745 377,068 474,785 - -
Change - -25.42% 15.76% -9.08% 51.59% 25.91% - -
Enterprise Value (EV) 1 343,760 280,278 317,057 289,860 411,038 502,290 490,934 474,569
Change - -18.47% 13.12% -8.58% 41.81% 22.2% -2.26% -3.33%
P/E 21.9x 21.1x 17.9x 20.3x 25.7x 22.5x 19.3x 18.1x
PBR 4.11x 2.91x 3.12x 2.57x 4.05x 4.31x 3.75x 3.33x
PEG - -0.9x 0.5x -1x 1.3x 0.5x 1.2x 2.8x
Capitalization / Revenue 3.2x 2.1x 2.16x 2.02x 3.12x 3.28x 2.87x 2.79x
EV / Revenue 3.47x 2.5x 2.51x 2.36x 3.41x 3.47x 2.97x 2.79x
EV / EBITDA 13.9x 11.1x 10.6x 11x 14.6x 13.5x 11.9x 11.1x
EV / EBIT 19x 13.3x 13.6x 13.4x 19.1x 17.1x 14.7x 13.8x
EV / FCF 35.7x 40.9x 23.6x 18.4x 26.7x 27.5x 20.6x 17.6x
FCF Yield 2.8% 2.45% 4.24% 5.44% 3.74% 3.64% 4.86% 5.68%
Dividend per Share 2 4.75 5 5.5 5.75 6 7.42 8.327 8.72
Rate of return 1.88% 2.65% 2.52% 2.9% 2% 1.96% 2.2% 2.3%
EPS 2 11.52 8.94 12.18 9.75 11.7 16.81 19.63 20.9
Distribution rate 41.2% 55.9% 45.2% 59% 51.3% 44.1% 42.4% 41.7%
Net sales 1 99,105 112,332 126,503 122,878 120,680 144,886 165,246 170,118
EBITDA 1 24,649 25,235 29,877 26,401 28,223 37,142 41,195 42,713
EBIT 1 18,116 21,020 23,300 21,635 21,502 29,380 33,360 34,493
Net income 1 14,470 12,854 15,300 12,243 14,690 21,159 24,789 26,373
Net Debt 1 26,902 43,952 43,475 41,115 33,970 27,504 16,149 -216
Reference price 2 252.60 188.40 218.10 198.30 300.60 378.50 378.50 378.50
Nbr of stocks (in thousands) 1,254,386 1,254,386 1,254,386 1,254,386 1,254,386 1,254,386 - -
Announcement Date 1/20/22 1/20/23 1/25/24 1/23/25 1/27/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.53x3.47x13.54x1.96% 47.4B
12.73x - - 1.63% 6.73B
14.73x2.21x9.99x1.79% 4.68B
11.7x0.96x7.57x4.72% 3.57B
4.87x - - 9.16% 3.26B
16.36x - - - 3.03B
26.23x2.86x14.06x - 2.98B
7.5x - - - 2.96B
18.75x0.83x5.65x2.44% 1.68B
Average 15.04x 2.07x 10.16x 3.62% 8.48B
Weighted average by Cap. 19.16x 3.12x 12.71x 2.42%

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

  1. Stock Market
  2. Stocks
  3. SAND Stock
  4. Valuation Sandvik AB