Company Valuation: Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 427,626 387,546 534,513 546,897 601,921 689,500 - -
Change - -9.37% 37.92% 2.32% 10.06% 14.55% - -
Enterprise Value (EV) 1 377,226 326,246 467,813 479,697 553,521 630,788 617,408 604,272
Change - -13.51% 43.39% 2.54% 15.39% 13.96% -2.12% -2.13%
P/E 13x 11.7x 10.7x 10.8x 17.5x 16.7x 13.9x 12.9x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.54x 3.26x 3.02x
PEG - -62.87x 0.2x 9.45x -0.6x 0.8x 0.7x 1.56x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.38x 1.3x 1.23x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.27x 1.16x 1.08x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 8.12x 6.94x 6.29x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 11.1x 9.22x 8.28x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 19.2x 15.8x 14.5x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.2% 6.32% 6.91%
Dividend per Share 2 13 14 18 18.5 13 15.97 17.97 19.24
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 4.68% 5.27% 5.64%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.46 24.48 26.51
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 78.1% 73.4% 72.6%
Net sales 1 372,216 473,479 552,764 526,816 479,183 498,184 532,179 561,588
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,695 88,952 96,141
EBIT 1 41,015 50,467 77,638 65,718 51,218 56,676 66,945 72,981
Net income 1 32,787 32,722 49,825 50,389 34,456 41,118 51,295 55,742
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -58,711 -72,092 -85,227
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.($)
11.47x0.51x5.63x5.08% 13.85B
12.27x0.34x7.47x5.34% 3.62B
10.33x0.41x2.63x2.58% 2.89B
11.03x0.47x4.89x3.59% 2.21B
10.78x0.29x3.09x4.71% 2B
Average 11.18x 0.41x 4.74x 4.26% 4.91B
Weighted average by Cap. 11.36x 0.45x 5.28x 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