Financials SEB S.A.

Equities

SK

FR0000121709

Appliances, Tools & Housewares

Market Closed - Euronext Paris 11:35:01 2024-06-17 EDT Pre-market 01:50:30
104.4 EUR +1.56% Intraday chart for SEB S.A. 105 +0.57%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,612 7,475 7,548 4,308 6,222 5,748 - -
Enterprise Value (EV) 1 8,589 8,999 9,072 6,281 7,991 7,352 7,024 6,743
P/E ratio 17.5 x 25 x 16.4 x 13.7 x 16.2 x 12.2 x 10.8 x 9.47 x
Yield 1.71% 1.58% 1.79% 3.13% 2.32% 2.87% 3.17% 3.28%
Capitalization / Revenue 0.9 x 1.08 x 0.94 x 0.54 x 0.78 x 0.69 x 0.66 x 0.62 x
EV / Revenue 1.17 x 1.3 x 1.13 x 0.79 x 1 x 0.88 x 0.8 x 0.73 x
EV / EBITDA 8.88 x 10.6 x 8.71 x 7.19 x 8.11 x 6.73 x 5.95 x 5.37 x
EV / FCF 18.5 x 11.2 x 29.6 x -314 x 9.93 x 15.4 x 13 x 12.3 x
FCF Yield 5.4% 8.94% 3.37% -0.32% 10.1% 6.5% 7.68% 8.11%
Price to Book 2.76 x 2.75 x 2.52 x 1.37 x - 1.62 x 1.46 x 1.3 x
Nbr of stocks (in thousands) 54,933 55,183 55,135 55,050 55,061 55,061 - -
Reference price 2 120.4 135.5 136.9 78.25 113.0 104.4 104.4 104.4
Announcement Date 2/27/20 2/24/21 2/24/22 2/22/23 2/21/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,354 6,940 8,059 7,960 8,006 8,358 8,760 9,232
EBITDA 1 967 851 1,041 874 985 1,092 1,180 1,255
EBIT 1 702.6 581.2 773.9 602.7 701.8 796.1 870.7 933
Operating Margin 9.55% 8.37% 9.6% 7.57% 8.77% 9.53% 9.94% 10.11%
Earnings before Tax (EBT) 1 559.8 442.5 650.3 466.3 587 671.3 743.1 814.5
Net income 1 379.7 300.5 453.8 316.2 386.2 478 532.9 580.5
Net margin 5.16% 4.33% 5.63% 3.97% 4.82% 5.72% 6.08% 6.29%
EPS 2 6.891 5.418 8.360 5.710 6.970 8.547 9.711 11.02
Free Cash Flow 1 463.9 804.1 306 -20 805 477.6 539.2 547.1
FCF margin 6.31% 11.59% 3.8% -0.25% 10.05% 5.71% 6.16% 5.93%
FCF Conversion (EBITDA) 47.97% 94.49% 29.39% - 81.73% 43.75% 45.68% 43.59%
FCF Conversion (Net income) 122.18% 267.59% 67.43% - 208.44% 99.91% 101.19% 94.25%
Dividend per Share 2 2.055 2.136 2.450 2.450 2.620 3.001 3.312 3.425
Announcement Date 2/27/20 2/24/21 2/24/22 2/22/23 2/21/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 2,914 3,610 1,961 2,488 1,915 1,751 3,666 1,894 2,400 1,822 1,790 1,920 2,474 1,866
EBITDA - - - - - - - - - - - - - -
EBIT 1 103 - - - 140 58.6 - 120 - 65 115.1 209 - 110
Operating Margin 3.53% - - - 7.31% 3.35% - 6.34% - 3.57% 6.43% 10.89% - 5.9%
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - -
EPS - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 7/23/20 7/23/21 10/26/21 2/24/22 4/28/22 7/20/22 7/20/22 10/24/22 2/22/23 4/28/23 7/26/23 10/26/23 2/21/24 -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,977 1,524 1,524 1,973 1,769 1,604 1,275 995
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.044 x 1.791 x 1.464 x 2.257 x 1.796 x 1.469 x 1.08 x 0.7923 x
Free Cash Flow 1 464 804 306 -20 805 478 539 547
ROE (net income / shareholders' equity) 16.9% 12.4% 16.6% 10.3% 12.1% 14.5% 14.6% 14.8%
ROA (Net income/ Total Assets) - - - 3.28% 4.2% 4.7% 4.9% -
Assets 1 - - - 9,626 9,190 10,170 10,875 -
Book Value Per Share 2 43.60 49.20 54.30 57.00 - 64.50 71.30 80.40
Cash Flow per Share 2 12.40 19.10 10.60 10.60 18.40 15.20 17.00 -
Capex 1 218 158 213 233 176 298 306 327
Capex / Sales 2.97% 2.28% 2.64% 2.92% 2.19% 3.56% 3.49% 3.54%
Announcement Date 2/27/20 2/24/21 2/24/22 2/22/23 2/21/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
104.4 EUR
Average target price
135.5 EUR
Spread / Average Target
+29.79%
Consensus

Quarterly revenue - Rate of surprise