Company Valuation: Ependion AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,244 3,184 3,635 2,821 3,633 4,933 - -
Change - 41.88% 14.18% -22.4% 28.8% 35.78% - -
Enterprise Value (EV) 1 2,875 3,918 4,348 3,503 4,325 5,573 5,426 5,176
Change - 36.26% 10.99% -19.44% 23.48% 28.84% -2.64% -4.6%
P/E 62.9x 21.8x 18.1x 17.8x 24x 25x 18.4x 15x
PBR 3.08x 3.22x 3.14x 2.12x 2.23x 2.74x 2.46x 2.19x
PEG - 0x 0.5x -0.8x -1.7x 0.8x 0.5x 0.7x
Capitalization / Revenue 1.39x 1.5x 1.47x 1.25x 1.63x 1.92x 1.72x 1.56x
EV / Revenue 1.78x 1.84x 1.76x 1.55x 1.94x 2.17x 1.89x 1.64x
EV / EBITDA 13.2x 11x 9.17x 8.19x 10x 10.3x 8.42x 7.11x
EV / EBIT 42.1x 19.5x 13.5x 14x 18.6x 18.1x 13.8x 11.2x
EV / FCF -30.8x 51.3x 42.5x 14.9x 22.2x 29.3x 21.3x 17.1x
FCF Yield -3.25% 1.95% 2.36% 6.72% 4.5% 3.41% 4.69% 5.85%
Dividend per Share 2 0.5 0.5 1 1.25 1.5 2 2.5 3.035
Rate of return 0.64% 0.45% 0.8% 1.29% 1.33% 1.31% 1.63% 1.98%
EPS 2 1.24 5.07 6.93 5.45 4.7 6.12 8.32 10.2
Distribution rate 40.3% 9.86% 14.4% 22.9% 31.9% 32.7% 30% 29.8%
Net sales 1 1,619 2,128 2,471 2,258 2,232 2,573 2,865 3,153
EBITDA 1 218 354.8 474 427.5 432.5 543.6 644.3 728.3
EBIT 1 68.27 201.1 321.7 250.9 232.1 308.4 393.3 464
Net income 1 35.76 146.1 200.4 157 146.7 212.1 275.6 333.7
Net Debt 1 631.2 734 713 682 692 639.5 492.5 243
Reference price 2 78.00 110.40 125.60 97.10 113.00 153.00 153.00 153.00
Nbr of stocks (in thousands) 28,768 28,837 28,941 29,050 32,152 32,243 - -
Announcement Date 27/1/22 25/1/23 25/1/24 31/1/25 26/1/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25x2.17x10.25x1.31% 509M
-44.01x45.83x1339.66x - 45.6B
17.69x1.01x11.08x1.66% 19.23B
27.83x0.96x20.29x0.38% 14B
-1.69x2.8x11.5x-.--% 7.01B
38.07x4.35x25.92x1.8% 3.24B
27.78x - - 0.31% 2.52B
Average 12.95x 9.52x 236.45x 0.91% 13.16B
Weighted average by Cap. -11.76x 24.08x 689.28x 0.96%

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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  4. Valuation Ependion AB
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