Company Valuation: Axfood AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 54,451 61,699 58,907 50,484 62,660 59,390 - -
Change - 13.31% -4.52% -14.3% 24.12% -5.22% - -
Enterprise Value (EV) 1 62,091 70,681 68,246 65,345 77,258 74,080 73,463 73,217
Change - 13.83% -3.44% -4.25% 18.23% -4.11% -0.83% -0.34%
P/E 25.4x 26x 25.1x 23.1x 26.9x 23.6x 21.2x 19.9x
PBR 11x 9.34x 8.61x 7.19x 8.35x 7.31x 6.79x 6.17x
PEG - 3.55x -22.99x -3.3x 4x 2.89x 1.9x 3.2x
Capitalization / Revenue 0.94x 0.84x 0.73x 0.6x 0.7x 0.65x 0.63x 0.6x
EV / Revenue 1.07x 0.96x 0.84x 0.78x 0.87x 0.81x 0.77x 0.74x
EV / EBITDA 12.2x 12.4x 10.8x 9.8x 10.1x 9.31x 8.71x 8.37x
EV / EBIT 23.1x 21.9x 18.9x 19x 20.9x 19.3x 17.7x 16.8x
EV / FCF 22.5x 21.2x 17.7x 16.7x 15.4x 17.4x 13.6x 14.1x
FCF Yield 4.45% 4.72% 5.66% 6% 6.5% 5.76% 7.36% 7.08%
Dividend per Share 2 7.75 8.15 8.5 8.75 9 9.493 10.06 10.51
Rate of return 2.98% 2.85% 3.11% 3.74% 3.1% 3.45% 3.66% 3.82%
EPS 2 10.24 10.99 10.87 10.11 10.79 11.67 12.98 13.79
Distribution rate 75.7% 74.2% 78.2% 86.5% 83.4% 81.3% 77.5% 76.2%
Net sales 1 57,891 73,474 81,111 84,057 89,152 91,092 94,904 98,494
EBITDA 1 5,103 5,716 6,345 6,665 7,649 7,960 8,437 8,752
EBIT 1 2,690 3,229 3,602 3,433 3,688 3,830 4,148 4,348
Net income 1 2,150 2,360 2,357 2,192 2,339 2,537 2,848 3,024
Net Debt 1 7,640 8,982 9,339 14,861 14,598 14,690 14,074 13,827
Reference price 2 260.40 285.90 273.00 234.00 290.20 275.10 275.10 275.10
Nbr of stocks (in thousands) 209,105 215,805 215,778 215,745 215,922 215,884 - -
Announcement Date 3/2/22 1/2/23 1/2/24 30/1/25 29/1/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.57x0.81x9.31x3.45% 5.99B
41.27x1.32x20.21x0.84% 942B
26.25x1.26x10.93x0.9% 55.7B
16.97x0.59x8.53x3.04% 44.16B
17.01x0.68x12.72x2.69% 40.41B
12.96x0.35x6.61x2.32% 38.4B
21.99x0.95x6.31x5.04% 37.81B
28.01x0.86x9.94x2.64% 35.04B
12.28x0.47x5.93x3.84% 31.9B
16.43x0.64x7.38x2.88% 29.5B
Average 21.67x 0.79x 9.79x 2.76% 126.12B
Weighted average by Cap. 35.77x 1.18x 17.32x 1.33%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Axfood AB

Historical PBR trend

Valuation ratios - PBR - Axfood AB

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Axfood AB

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Axfood AB


Year-on-year evolution of the Yield

Valuation ratios - Yield - Axfood AB