Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 344,641 - -
Change - -38.58% 3.04% 42.39% 0.82% 14.13% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 293,674 287,137 279,738
Change - -36.08% 11.82% 32.33% -1.1% 5.63% -2.23% -2.58%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 18.1x 15.6x 14.5x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.17x 2.86x 2.66x
PEG - -0.6x 0x -90x 0x -0.6x 1x 1.85x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.5x 1.48x 1.45x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.28x 1.23x 1.18x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.49x 7.44x 7.07x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 9.32x 9.16x 8.68x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 12.2x 11.1x 10.3x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.18% 8.98% 9.7%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.059 3.181 3.305
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.95% 3.07% 3.19%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.73 6.643 7.163
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 53.4% 47.9% 46.1%
Net sales 1 232,314 271,546 263,351 247,880 236,681 229,062 233,542 237,082
EBITDA 1 41,298 37,962 30,084 50,358 50,212 39,209 38,587 39,584
EBIT 1 32,300 27,419 18,093 24,658 40,971 31,525 31,354 32,232
Net income 1 23,000 18,724 -26,446 20 28,428 18,758 20,886 22,177
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -50,967 -57,505 -64,903
Reference price 2 99.79 60.90 63.11 89.88 90.60 103.70 103.70 103.70
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,257,271 - -
Announcement Date 25/1/22 20/1/23 23/1/24 24/1/25 23/1/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.76x6x15.53x1.55% 433B
48.65x17.24x34.56x-.--% 234B
15.44x0.62x11.21x2.93% 139B
21.25x6.64x16.02x0.58% 115B
40.38x12.14x26.79x-.--% 78.77B
33.02x6.44x18.65x1.06% 75.53B
39x2.11x13.45x1.81% 52.69B
28.21x6.44x21.24x1.45% 55.01B
61.47x7.95x35.17x-.--% 50.56B
Average 34.91x 7.29x 21.40x 1.04% 137.07B
Weighted average by Cap. 32.39x 7.94x 20.58x 1.14%

Y-o-Y evolution of P/E

Valuation ratios - P/E - ERICSSON

Historical PBR trend

Valuation ratios - PBR - ERICSSON

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - ERICSSON

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - ERICSSON


Year-on-year evolution of the Yield

Valuation ratios - Yield - ERICSSON