Company Valuation: Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 427,626 387,546 534,513 546,897 601,921 681,861 - -
Change - -9.37% 37.92% 2.32% 10.06% 13.28% - -
Enterprise Value (EV) 1 377,226 326,246 467,813 479,697 553,521 624,712 610,826 599,659
Change - -13.51% 43.39% 2.54% 15.39% 12.86% -2.22% -1.83%
P/E 13x 11.7x 10.7x 10.8x 17.5x 16.4x 13.7x 12.6x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.5x 3.2x 2.97x
PEG - -62.87x 0.2x 9.45x -0.6x 0.8x 0.7x 1.53x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.38x 1.28x 1.21x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.27x 1.15x 1.07x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 8.05x 6.87x 6.24x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 11x 9.13x 8.22x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 19.7x 15.6x 14.4x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.07% 6.39% 6.95%
Dividend per Share 2 13 14 18 18.5 13 15.36 17.97 19.24
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 4.58% 5.36% 5.74%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.43 24.5 26.52
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 75.2% 73.3% 72.5%
Net sales 1 372,216 473,479 552,764 526,816 479,183 492,581 531,675 561,233
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,637 88,937 96,149
EBIT 1 41,015 50,467 77,638 65,718 51,218 56,772 66,916 72,995
Net income 1 32,787 32,722 49,825 50,389 34,456 41,662 51,338 55,812
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -57,149 -71,035 -82,201
Reference price 2 209.65 188.48 261.70 268.60 295.90 335.30 335.30 335.30
Nbr of stocks (in thousands) 2,033,452 2,033,452 2,033,452 2,033,452 2,033,452 2,033,452 - -
Announcement Date 1/28/22 1/26/23 1/26/24 1/29/25 1/28/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.63x0.52x5.75x5.01% 14.02B
12.46x0.35x7.6x5.26% 3.67B
9.96x0.39x2.53x2.68% 2.78B
10.72x0.45x4.69x3.7% 2.14B
10.4x0.27x2.87x4.88% 1.93B
Average 11.04x 0.40x 4.69x 4.3% 4.91B
Weighted average by Cap. 11.39x 0.46x 5.34x 4.66%

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