Company Valuation: Swedbank AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204,213 199,120 228,671 245,657 360,989 405,099 - -
Change - -2.49% 14.84% 7.43% 46.95% 12.22% - -
Enterprise Value (EV) 204,213 199,120 228,671 245,657 360,989 405,099 405,099 405,099
Change - -2.49% 14.84% 7.43% 46.95% 12.22% 0% 0%
P/E 9.81x 9.13x 6.72x 7.07x 11.1x 13.3x 12.1x 11.6x
PBR 1.26x 1.13x 1.15x 1.12x 1.6x 1.81x 1.78x 1.71x
PEG - 1.95x 0.1x 3.63x -1.82x -2.02x 1.24x 2.4x
Capitalization / Revenue 4.36x 3.74x 3.13x 3.32x 5.25x 5.71x 5.46x 5.26x
EV / Revenue 0x 0x 0x 0x 0x 5.71x 5.46x 5.26x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 9.82x 8.92x 8.47x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 9.25 9.75 15.15 21.7 20.45 23.92 24.55 24.6
Rate of return 5.08% 5.5% 7.45% 9.94% 6.37% 6.63% 6.81% 6.82%
EPS 2 18.56 19.43 30.27 30.86 28.98 27.07 29.7 31.14
Distribution rate 49.8% 50.2% 50% 70.3% 70.6% 88.4% 82.6% 79%
Net sales 1 46,890 53,221 73,057 74,104 68,736 71,005 74,134 77,032
EBITDA - - - - - - - -
EBIT 1 26,043 31,806 48,957 48,728 44,203 41,260 45,440 47,856
Net income 1 20,871 21,877 34,128 34,869 32,759 30,620 33,454 34,985
Net Debt - - - - - - - -
Reference price 2 182.10 177.30 203.30 218.30 321.10 360.50 360.50 360.50
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.($)
13.14x - - 6.73% 41.71B
14.56x - - 1.94% 871B
12.57x - - 2.1% 399B
5.73x - - 5.4% 361B
11.7x - - 4.43% 325B
5.66x - - 5.39% 295B
17.88x - - 2.38% 278B
6x - - 5.2% 260B
11.75x - - 2.28% 252B
16.75x - - 2.31% 229B
Average 11.57x 3.82% 331.25B
Weighted average by Cap. 11.81x 3.29%

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

-40%: Exceptional extension
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