Company Valuation: Systemair AB

Data adjusted to current consolidation scope
Fiscal Period: April 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 13,208 12,979 18,491 15,600 17,098 16,934 - -
Change - -1.73% 42.47% -15.64% 9.6% -0.96% - -
Enterprise Value (EV) 1 14,676 15,022 19,994 16,648 17,999 15,622 17,345 16,779
Change - 2.36% 33.09% -16.73% 8.11% -13.2% -2.27% -3.27%
P/E 32.5x 23.9x 17.8x 24.2x 25.1x 19.3x 18.2x 15.9x
PBR 4x 3.4x 3.51x 2.76x 2.97x 2.41x 2.51x 2.28x
PEG - 0.7x 0.2x -0.6x 4.58x 1.6x 0.8x 1.1x
Capitalization / Revenue 1.55x 1.35x 1.53x 1.27x 1.39x 1.18x 1.28x 1.21x
EV / Revenue 1.72x 1.56x 1.66x 1.36x 1.46x 1.25x 1.31x 1.2x
EV / EBITDA 13.6x 12.2x 11.9x 11x 11.3x 9.58x 9.69x 8.57x
EV / EBIT 20.3x 18.3x 18x 15.3x 16x 13.4x 13.1x 11.3x
EV / FCF 26.9x -165x 76.3x 17.6x 24.9x 22.2x 21.6x 17.6x
FCF Yield 3.72% -0.61% 1.31% 5.69% 4.02% 4.51% 4.62% 5.7%
Dividend per Share 2 0.75 0.9 1.1 1.2 1.35 1.45 1.748 2.028
Rate of return 1.18% 1.44% 1.24% 1.6% 1.64% 2.04% 2.14% 2.48%
EPS 2 1.952 2.61 5 3.1 3.27 3.67 4.482 5.136
Distribution rate 38.4% 34.5% 22% 38.7% 41.3% 39.5% 39% 39.5%
Net sales 1 8,519 9,634 12,058 12,257 12,302 12,503 13,195 13,969
EBITDA 1 1,077 1,229 1,678 1,507 1,586 1,630 1,791 1,957
EBIT 1 723 821 1,110 1,085 1,125 1,170 1,326 1,489
Net income 1 406.2 543.9 1,040 645.6 680.7 760.8 924.2 1,057
Net Debt 1 1,468 2,043 1,502 1,048 901 888.1 411.2 -155.4
Reference price 2 63.50 62.40 88.90 75.00 82.20 81.60 81.60 81.60
Nbr of stocks (in thousands) 208,000 208,000 208,000 208,000 208,000 207,525 - -
Announcement Date 6/10/21 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.($)
22.3x1.45x11.27x1.85% 1.76B
31.6x4.54x22.11x0.87% 104B
29.81x3.73x20.29x1.15% 85.7B
31.36x3.01x14.43x1.39% 57.05B
24.38x1.33x9.65x1.47% 42B
22.13x3.52x15.8x0.96% 18.93B
29.38x1.81x16.97x3.26% 14.4B
48.3x4.62x26.77x0.36% 9.13B
15.79x2.15x10.4x2.45% 8.11B
23.4x2.06x12.25x1.31% 7.68B
Average 27.84x 2.82x 15.99x 1.51% 34.86B
Weighted average by Cap. 29.49x 3.41x 17.93x 1.24%

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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