Company Valuation: Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 427,626 387,546 534,513 546,897 601,921 686,741 - -
Change - -9.37% 37.92% 2.32% 10.06% 14.09% - -
Enterprise Value (EV) 1 377,226 326,246 467,813 479,697 553,521 629,322 615,466 604,638
Change - -13.51% 43.39% 2.54% 15.39% 13.69% -2.2% -1.76%
P/E 13x 11.7x 10.7x 10.8x 17.5x 16.4x 13.8x 12.8x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.52x 3.23x 3x
PEG - -62.87x 0.2x 9.45x -0.6x 0.8x 0.7x 1.62x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.4x 1.3x 1.23x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.28x 1.17x 1.09x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 8.14x 6.97x 6.33x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 11.1x 9.23x 8.32x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 19.4x 15.6x 14.7x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.14% 6.4% 6.81%
Dividend per Share 2 13 14 18 18.5 13 15.39 17.97 19.15
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 4.56% 5.32% 5.67%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.6 24.41 26.34
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 74.7% 73.6% 72.7%
Net sales 1 372,216 473,479 552,764 526,816 479,183 490,664 527,748 557,251
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,340 88,327 95,516
EBIT 1 41,015 50,467 77,638 65,718 51,218 56,779 66,695 72,650
Net income 1 32,787 32,722 49,825 50,389 34,456 42,143 50,940 55,002
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -57,419 -71,275 -82,102
Reference price 2 209.65 188.48 261.70 268.60 295.90 337.70 337.70 337.70
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.($)
11.83x0.53x5.74x4.92% 14.17B
12.77x0.36x7.8x5.13% 3.76B
9.85x0.39x2.5x2.71% 2.75B
10.67x0.45x4.66x3.71% 2.13B
11.1x0.31x3.28x4.57% 2.05B
Average 11.24x 0.41x 4.80x 4.21% 4.97B
Weighted average by Cap. 11.59x 0.46x 5.40x 4.57%

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