Company Valuation: Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 427,626 387,546 534,513 546,897 601,921 685,467 - -
Change - -9.37% 37.92% 2.32% 10.06% 13.88% - -
Enterprise Value (EV) 1 377,226 326,246 467,813 479,697 553,521 628,318 614,432 603,265
Change - -13.51% 43.39% 2.54% 15.39% 13.51% -2.21% -1.82%
P/E 13x 11.7x 10.7x 10.8x 17.5x 16.3x 13.7x 12.6x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.49x 3.19x 2.96x
PEG - -62.87x 0.2x 9.45x -0.6x 0.8x 0.7x 1.52x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.39x 1.29x 1.22x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.28x 1.16x 1.07x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 8.09x 6.91x 6.27x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 11.1x 9.18x 8.26x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 19.8x 15.7x 14.5x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.04% 6.36% 6.9%
Dividend per Share 2 13 14 18 18.5 13 15.39 17.97 19.24
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 4.6% 5.37% 5.75%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.54 24.49 26.52
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 74.9% 73.4% 72.5%
Net sales 1 372,216 473,479 552,764 526,816 479,183 492,413 531,234 561,233
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,660 88,911 96,149
EBIT 1 41,015 50,467 77,638 65,718 51,218 56,801 66,915 72,995
Net income 1 32,787 32,722 49,825 50,389 34,456 41,956 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 2 209.65 188.48 261.70 268.60 295.90 334.40 334.40 334.40
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.($)
11.82x0.54x5.88x4.93% 14.22B
12.5x0.35x7.62x5.24% 3.68B
9.91x0.39x2.51x2.69% 2.77B
10.59x0.45x4.61x3.74% 2.11B
10.21x0.26x2.75x4.97% 1.89B
Average 11.01x 0.40x 4.67x 4.31% 4.93B
Weighted average by Cap. 11.48x 0.46x 5.41x 4.63%

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