Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 314,799 - -
Change - -38.58% 3.04% 42.39% 0.82% 4.25% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 265,632 256,505 249,504
Change - -36.08% 11.82% 32.33% -1.1% -4.46% -3.44% -2.73%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 17.6x 14.9x 13.6x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 2.79x 2.61x 2.43x
PEG - -0.6x 0x -90x 0x -0.5x 0.8x 1.3x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.39x 1.36x 1.34x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.17x 1.11x 1.06x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.06x 6.74x 6.27x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 8.98x 8.47x 7.93x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 11.6x 9.89x 9.4x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.63% 10.1% 10.6%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.059 3.177 3.32
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 3.28% 3.4% 3.56%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.306 6.248 6.882
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 57.7% 50.9% 48.2%
Net sales 1 232,314 271,546 263,351 247,880 236,681 226,153 230,855 235,282
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,622 38,042 39,778
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,592 30,286 31,473
Net income 1 23,000 18,724 -26,446 20 28,428 17,844 20,326 21,797
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -49,167 -58,294 -65,294
Reference price 2 99.79 60.90 63.11 89.88 90.60 93.36 93.36 93.36
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,292,153 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.24x7.38x19.05x1.45% 452B
50.63x17.2x35.9x-.--% 215B
38.06x12.2x30.32x0.27% 186B
20.06x0.83x14.56x2.23% 180B
31.95x6.08x17.78x1.12% 70.35B
144.14x18.56x54.42x-.--% 55.39B
72.48x8.44x38.98x-.--% 53.4B
38.85x1.99x12.94x1.9% 50.5B
18.22x2.95x12.68x3.87% 50.06B
Average 49.96x 8.40x 26.29x 1.2% 145.85B
Weighted average by Cap. 41.50x 8.84x 24.55x 1.12%

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