Company Valuation: Swedbank AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204,213 199,120 228,671 245,657 360,989 420,045 - -
Change - -2.49% 14.84% 7.43% 46.95% 16.36% - -
Enterprise Value (EV) 204,213 199,120 228,671 245,657 360,989 420,045 420,045 420,045
Change - -2.49% 14.84% 7.43% 46.95% 16.36% 0% 0%
P/E 9.81x 9.13x 6.72x 7.07x 11.1x 13.8x 12.5x 11.8x
PBR 1.26x 1.13x 1.15x 1.12x 1.6x 1.87x 1.83x 1.76x
PEG - 1.95x 0.1x 3.63x -1.82x -2.07x 1.2x 2.15x
Capitalization / Revenue 4.36x 3.74x 3.13x 3.32x 5.25x 5.87x 5.62x 5.4x
EV / Revenue 0x 0x 0x 0x 0x 5.87x 5.62x 5.4x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 10.1x 9.24x 8.74x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 9.25 9.75 15.15 21.7 20.45 24.82 25.02 25.56
Rate of return 5.08% 5.5% 7.45% 9.94% 6.37% 6.64% 6.69% 6.84%
EPS 2 18.56 19.43 30.27 30.86 28.98 27.05 29.98 31.62
Distribution rate 49.8% 50.2% 50% 70.3% 70.6% 91.8% 83.5% 80.8%
Net sales 1 46,890 53,221 73,057 74,104 68,736 71,528 74,697 77,764
EBITDA - - - - - - - -
EBIT 1 26,043 31,806 48,957 48,728 44,203 41,639 45,480 48,068
Net income 1 20,871 21,877 34,128 34,869 32,759 30,533 33,729 35,414
Net Debt - - - - - - - -
Reference price 2 182.10 177.30 203.30 218.30 321.10 373.80 373.80 373.80
Nbr of stocks (in thousands) 1,121,434 1,123,071 1,124,796 1,125,318 1,124,226 1,123,715 - -
Announcement Date 2/2/22 1/31/23 1/24/24 1/23/25 1/29/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.1x - - 1.77% 947B
13.3x - - 1.91% 436B
6.11x - - 5.07% 388B
12.7x - - 4.07% 354B
5.89x - - 5.18% 308B
18.64x - - 2.29% 292B
6.14x - - 5.09% 269B
12x - - 2.18% 264B
15.47x - - 2.56% 261B
Average 11.59x 3.35% 391.03B
Weighted average by Cap. 11.97x 3.07%

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