Company Valuation: Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 427,626 387,546 534,513 546,897 601,921 693,709 - -
Change - -9.37% 37.92% 2.32% 10.06% 15.25% - -
Enterprise Value (EV) 1 377,226 326,246 467,813 479,697 553,521 636,784 623,009 611,841
Change - -13.51% 43.39% 2.54% 15.39% 15.04% -2.16% -1.79%
P/E 13x 11.7x 10.7x 10.8x 17.5x 16.7x 14x 12.9x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.57x 3.26x 3.02x
PEG - -62.87x 0.2x 9.45x -0.6x 0.8x 0.7x 1.57x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.41x 1.31x 1.24x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.29x 1.17x 1.09x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 8.21x 7x 6.36x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 11.3x 9.32x 8.4x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 20.1x 16x 14.7x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 4.97% 6.27% 6.81%
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% 4.5% 5.27% 5.64%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.4 24.46 26.47
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 75.3% 73.5% 72.7%
Net sales 1 372,216 473,479 552,764 526,816 479,183 492,400 531,454 560,855
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,591 88,979 96,141
EBIT 1 41,015 50,467 77,638 65,718 51,218 56,568 66,873 72,872
Net income 1 32,787 32,722 49,825 50,389 34,456 41,527 51,234 55,645
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -56,925 -70,700 -81,868
Reference price 2 209.65 188.48 261.70 268.60 295.90 341.30 341.30 341.30
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.($)
11.52x0.52x5.66x5.06% 13.91B
12.56x0.35x7.66x5.21% 3.71B
10.25x0.41x2.61x2.6% 2.87B
11.07x0.48x4.92x3.58% 2.21B
10.81x0.29x3.11x4.7% 2B
Average 11.24x 0.41x 4.79x 4.23% 4.94B
Weighted average by Cap. 11.43x 0.46x 5.33x 4.64%

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