Company Valuation: Tele2

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 88,993 58,714 59,923 75,591 107,163 122,315 - -
Change - -34.02% 2.06% 26.15% 41.77% 14.14% - -
Enterprise Value (EV) 1 118,674 89,822 89,891 105,924 136,243 148,867 149,114 150,313
Change - -24.31% 0.08% 17.84% 28.62% 9.27% 0.17% 0.8%
P/E 20.8x 10.6x 16.1x 19.6x 23.5x 13.2x 21.2x 19.1x
PBR 2.86x 2.48x 2.63x 3.42x 4.81x 4.97x 5.36x 5.78x
PEG - 0.4x -0.5x 5.54x 1.3x 0x -0.6x 1.8x
Capitalization / Revenue 3.32x 2.09x 2.06x 2.56x 3.59x 4.03x 3.95x 3.88x
EV / Revenue 4.43x 3.2x 3.09x 3.58x 4.56x 4.91x 4.82x 4.77x
EV / EBITDA 10.9x 7.88x 7.56x 8.72x 10.2x 10.7x 10.5x 10.2x
EV / EBIT 23x 13x 15.7x 18.2x 20.6x 14.8x 18.6x 17.5x
EV / FCF 17x 19.2x 15.1x 18.2x 17.8x 14.7x 16.5x 16.2x
FCF Yield 5.87% 5.22% 6.63% 5.48% 5.61% 6.8% 6.05% 6.18%
Dividend per Share 2 6.75 19.8 6.9 6.35 10.5 10.85 11.12 12.35
Rate of return 5.23% 23.3% 7.97% 5.81% 6.79% 6.15% 6.31% 7.01%
EPS 2 6.21 8.03 5.37 5.56 6.58 13.39 8.328 9.211
Distribution rate 109% 247% 128% 114% 160% 81.1% 134% 134%
Net sales 1 26,789 28,102 29,099 29,583 29,890 30,333 30,939 31,524
EBITDA 1 10,900 11,395 11,885 12,149 13,397 13,862 14,183 14,680
EBIT 1 5,169 6,890 5,734 5,817 6,615 10,091 8,019 8,567
Net income 1 4,306 5,574 3,735 3,870 4,587 9,571 5,747 6,219
Net Debt 1 29,681 31,108 29,968 30,333 29,080 26,552 26,799 27,998
Reference price 2 129.10 85.10 86.54 109.25 154.55 176.35 176.35 176.35
Nbr of stocks (in thousands) 688,651 689,909 691,633 691,933 693,390 693,556 - -
Announcement Date 2/1/22 1/31/23 1/30/24 1/28/25 1/28/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.06x6.08x10.69x1.12% 119B
17.12x2.03x7.8x4.32% 60.63B
13.72x1.98x4.23x2.56% 25.18B
-113.71x8.97x11.25x2.72% 21.54B
13.45x2.93x6.61x4.04% 18.92B
-5.84x7.91x18.77x-.--% 16.15B
12.56x2.47x6.43x5.16% 12.41B
26.62x3.62x10.63x3.76% 12.11B
14.46x3.43x6.71x5.48% 10.4B
Average 2.05x 4.38x 9.24x 3.24% 32.97B
Weighted average by Cap. 15.19x 4.67x 9.45x 2.56%

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