Company Valuation: Systemair AB

Data adjusted to current consolidation scope
Fiscal Period: April 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 12,979 18,491 15,600 17,098 14,734 17,598 - -
Change - 42.47% -15.64% 9.6% -13.82% 19.44% - -
Enterprise Value (EV) 1 15,022 19,994 16,648 17,999 15,622 18,086 17,534 16,967
Change - 33.09% -16.73% 8.11% -13.2% 15.77% -3.05% -3.23%
P/E 23.9x 17.8x 24.2x 25.1x 19.3x 18.7x 16.3x 14.9x
PBR 3.4x 3.51x 2.76x 2.97x 2.41x 2.6x 2.36x 2.16x
PEG - 0.2x -0.6x 4.58x 1.6x 0.8x 1.1x 1.62x
Capitalization / Revenue 1.35x 1.53x 1.27x 1.39x 1.18x 1.32x 1.25x 1.18x
EV / Revenue 1.56x 1.66x 1.36x 1.46x 1.25x 1.36x 1.24x 1.14x
EV / EBITDA 12.2x 11.9x 11x 11.3x 9.58x 10x 8.89x 8.02x
EV / EBIT 18.3x 18x 15.3x 16x 13.4x 13.6x 11.6x 10.4x
EV / FCF -165x 76.3x 17.6x 24.9x 22.2x 23.7x 18.7x 16.7x
FCF Yield -0.61% 1.31% 5.69% 4.02% 4.51% 4.23% 5.36% 5.97%
Dividend per Share 2 0.9 1.1 1.2 1.35 1.45 1.765 2.048 2.222
Rate of return 1.44% 1.24% 1.6% 1.64% 2.04% 2.08% 2.41% 2.62%
EPS 2 2.61 5 3.1 3.27 3.67 4.542 5.204 5.684
Distribution rate 34.5% 22% 38.7% 41.3% 39.5% 38.9% 39.3% 39.1%
Net sales 1 9,634 12,058 12,257 12,302 12,503 13,314 14,103 14,863
EBITDA 1 1,229 1,678 1,507 1,586 1,630 1,803 1,972 2,116
EBIT 1 821 1,110 1,085 1,125 1,170 1,333 1,505 1,633
Net income 1 543.9 1,040 645.6 680.7 760.8 939.6 1,075 1,173
Net Debt 1 2,043 1,502 1,048 901 888.1 487.7 -64.45 -630.8
Reference price 2 62.40 88.90 75.00 82.20 71.00 84.80 84.80 84.80
Nbr of stocks (in thousands) 208,000 208,000 208,000 208,000 207,525 207,525 - -
Announcement Date 6/8/22 6/8/23 6/4/24 6/5/25 6/10/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.67x1.36x10.03x2.08% 1.86B
29.99x4.31x21.1x0.9% 99.77B
29.98x3.74x20.05x1.13% 86.65B
29.73x2.59x12.6x1.6% 49.76B
20.78x1.12x8.05x1.73% 36.24B
17x2.66x12.12x1.27% 13.92B
25.6x1.49x14.56x4.01% 12.02B
25.87x2.29x13.05x1.12% 8.94B
17.4x2.3x11.2x2.29% 8.57B
24.82x1.89x14.54x1.28% 6.98B
Average 23.98x 2.38x 13.73x 1.74% 32.47B
Weighted average by Cap. 27.58x 3.19x 16.75x 1.35%

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

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