Company Valuation: Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 427,626 387,546 534,513 546,897 601,921 640,961 - -
Change - -9.37% 37.92% 2.32% 10.06% 6.49% - -
Enterprise Value (EV) 1 377,226 326,246 467,813 479,697 553,521 582,778 569,313 558,616
Change - -13.51% 43.39% 2.54% 15.39% 5.29% -2.31% -1.88%
P/E Ratio 13x 11.7x 10.7x 10.8x 17.5x 15.1x 13x 12.1x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.28x 3.02x 2.81x
PEG - -62.87x 0.2x 9.45x -0.6x 0.7x 0.8x 1.68x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.31x 1.22x 1.16x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.19x 1.08x 1.01x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 7.53x 6.47x 5.9x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 10.3x 8.62x 7.82x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 17.4x 15.1x 14.4x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.75% 6.63% 6.97%
Dividend per Share 2 13 14 18 18.5 13 15.41 17.9 19.05
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 4.89% 5.68% 6.04%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.8 24.3 26.05
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 74.1% 73.6% 73.1%
Net sales 1 372,216 473,479 552,764 526,816 479,183 489,570 524,928 552,967
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,376 87,972 94,715
EBIT 1 41,015 50,467 77,638 65,718 51,218 56,746 66,082 71,467
Net income 1 32,787 32,722 49,825 50,389 34,456 42,576 50,347 53,919
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -58,183 -71,648 -82,346
Reference price 2 209.65 188.48 261.70 268.60 295.90 315.10 315.10 315.10
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.28x0.55x6.05x4.74% 14.73B
12.75x0.36x7.79x5.14% 3.77B
9.47x0.37x2.36x2.93% 2.66B
10.93x0.47x4.82x3.63% 2.19B
11.57x0.33x3.56x4.39% 2.15B
Average 11.40x 0.42x 4.92x 4.16% 5.1B
Weighted average by Cap. 11.88x 0.48x 5.61x 4.48%

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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