Company Valuation: Swedbank AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204,213 199,120 228,671 245,657 360,989 436,338 - -
Change - -2.49% 14.84% 7.43% 46.95% 20.87% - -
Enterprise Value (EV) 204,213 199,120 228,671 245,657 360,989 436,338 436,338 436,338
Change - -2.49% 14.84% 7.43% 46.95% 20.87% 0% 0%
P/E 9.81x 9.13x 6.72x 7.07x 11.1x 14.4x 13x 12.3x
PBR 1.26x 1.13x 1.15x 1.12x 1.6x 1.94x 1.9x 1.83x
PEG - 1.95x 0.1x 3.63x -1.82x -2.16x 1.2x 2.24x
Capitalization / Revenue 4.36x 3.74x 3.13x 3.32x 5.25x 6.1x 5.84x 5.61x
EV / Revenue 0x 0x 0x 0x 0x 6.1x 5.84x 5.61x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 10.5x 9.59x 9.08x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 9.25 9.75 15.15 21.7 20.45 24.8 25.31 25.79
Rate of return 5.08% 5.5% 7.45% 9.94% 6.37% 6.39% 6.52% 6.64%
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% 91.7% 84.4% 81.6%
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 2 182.10 177.30 203.30 218.30 321.10 388.30 388.30 388.30
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.1x - - 1.77% 947B
13.46x - - 1.87% 441B
6.01x - - 5.16% 382B
12.6x - - 4.16% 351B
5.78x - - 5.27% 303B
18.67x - - 2.28% 294B
11.99x - - 2.18% 265B
6.04x - - 5.21% 261B
14.49x - - 2.74% 254B
Average 11.46x 3.4% 388.62B
Weighted average by Cap. 11.91x 3.1%

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