Company Valuation: SEB S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,548 4,308 6,222 4,759 2,701 3,215 - -
Change - -42.93% 44.44% -23.51% -43.25% 19.05% - -
Enterprise Value (EV) 1 9,072 6,281 7,991 6,685 5,043 5,443 5,317 5,054
Change - -30.77% 27.23% -16.34% -24.57% 7.94% -2.32% -4.95%
P/E 16.4x 13.7x 16.2x 20.7x 11.1x 16.7x 7.86x 6.73x
PBR 2.52x 1.37x - 1.46x 0.83x 0.97x 0.92x 0.85x
PEG - -0.4x 0.7x -0.5x 2.13x -0.8x 0x 0.4x
Capitalization / Revenue 0.94x 0.54x 0.78x 0.58x 0.33x 0.39x 0.37x 0.36x
EV / Revenue 1.13x 0.79x 1x 0.81x 0.62x 0.65x 0.62x 0.56x
EV / EBITDA 8.71x 7.19x 8.11x 6.42x 5.9x 5.71x 5.11x 4.42x
EV / EBIT 11.7x 10.4x 11.4x 8.7x 8.65x 8.49x 7.17x 6.08x
EV / FCF 29.6x -314x 9.93x 21.2x -293x 13.5x 15.6x 11x
FCF Yield 3.37% -0.32% 10.1% 4.73% -0.34% 7.39% 6.42% 9.13%
Dividend per Share 2 2.45 2.45 2.62 2.8 2.8 2.832 2.894 3.203
Rate of return 1.79% 3.13% 2.32% 3.2% 5.68% 4.83% 4.94% 5.47%
EPS 2 8.36 5.71 6.97 4.23 4.45 3.511 7.459 8.712
Distribution rate 29.3% 42.9% 37.6% 66.2% 62.9% 80.7% 38.8% 36.8%
Net sales 1 8,059 7,960 8,006 8,266 8,169 8,318 8,628 8,964
EBITDA 1 1,041 874 985 1,042 854 954 1,041 1,143
EBIT 1 773.9 602.7 701.8 768.8 582.9 641.2 741.9 830.8
Net income 1 453.8 316.2 386.2 232 244.6 172.1 394.7 452.9
Net Debt 1 1,524 1,973 1,769 1,926 2,342 2,228 2,102 1,839
Reference price 2 136.90 78.25 113.00 87.50 49.30 58.60 58.60 58.60
Nbr of stocks (in thousands) 55,135 55,050 55,061 54,393 54,784 54,868 - -
Announcement Date 2/24/22 2/22/23 2/21/24 2/27/25 2/25/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.69x0.65x5.71x4.83% 3.72B
13.59x1.21x10.27x5.31% 92.92B
10.23x0.55x5.54x5.43% 28.03B
30.46x3.37x18.51x1.05% 26.08B
51.94x4.01x35.49x0.53% 12.28B
16.27x1.27x7.5x2.61% 6.96B
15.45x1.33x12.29x5.5% 4.82B
35.69x2.67x17.46x1.14% 3.44B
14.02x0.67x4.89x2.9% 3.17B
11.29x0.97x6.67x4.64% 2.66B
Average 21.56x 1.67x 12.43x 3.39% 18.41B
Weighted average by Cap. 18.63x 1.61x 12.25x 4.17%

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