Company Valuation: HMS Networks AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,037 15,840 23,207 21,766 21,027 28,109 - -
Change - -39.16% 46.51% -6.21% -3.39% 33.68% - -
Enterprise Value (EV) 1 26,384 16,140 23,496 25,059 23,381 30,118 29,563 28,918
Change - -38.83% 45.58% 6.65% -6.7% 28.81% -1.84% -2.18%
P/E 73.7x 31.2x 40.8x 68.4x 48.4x 41.1x 32.6x 28.8x
PBR 129x 10.4x 13.2x 7.81x 6.13x 7.03x 6.12x 5.36x
PEG - 0.7x 3.4x -1.4x 1.3x 0.7x 1.2x 2.2x
Capitalization / Revenue 13.2x 6.32x 7.67x 7.12x 5.88x 6.9x 6.06x 5.64x
EV / Revenue 13.4x 6.44x 7.77x 8.19x 6.54x 7.39x 6.37x 5.8x
EV / EBITDA 48.1x 21.2x 26.8x 31.5x 22x 24x 20.5x 18.5x
EV / EBIT 59.2x 24.7x 31.2x 49.8x 30.7x 30.6x 25.4x 22.5x
EV / FCF 64.7x 248x 52.8x 53.2x 31.4x 44.2x 34.1x 28.8x
FCF Yield 1.55% 0.4% 1.89% 1.88% 3.18% 2.26% 2.93% 3.47%
Dividend per Share 2 3 4 4.4 4.4 4.8 5.418 6.376 7.618
Rate of return 0.54% 1.18% 0.88% 1.01% 1.15% 0.97% 1.14% 1.36%
EPS 2 7.57 10.89 12.19 6.34 8.66 13.62 17.19 19.43
Distribution rate 39.6% 36.7% 36.1% 69.4% 55.4% 39.8% 37.1% 39.2%
Net sales 1 1,972 2,506 3,025 3,059 3,577 4,074 4,639 4,986
EBITDA 1 548 760 877 796 1,064 1,256 1,441 1,562
EBIT 1 446 653 753 503 762 984 1,163 1,283
Net income 1 355 508 571 310 435 685.3 864.3 977.7
Net Debt 1 347 300 289 3,293 2,354 2,009 1,455 809.4
Reference price 2 558.00 339.60 497.40 433.80 419.00 560.00 560.00 560.00
Nbr of stocks (in thousands) 46,661 46,643 46,656 50,175 50,184 50,194 - -
Announcement Date 26/1/22 26/1/23 26/1/24 28/1/25 27/1/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.35x6.12x15.86x1.52% 442B
54.37x19.43x38.99x-.--% 262B
19.23x0.78x14.05x2.36% 172B
26.15x8.29x20.02x0.47% 142B
50.78x15.11x33.34x-.--% 97.36B
32.37x6.32x18.32x1.08% 74.04B
43.86x2.38x15.39x1.61% 59.28B
67.47x8.72x38.58x-.--% 55.5B
28.07x6.34x21.17x1.47% 54.22B
Average 38.85x 8.17x 23.97x 0.95% 150.94B
Weighted average by Cap. 35.74x 8.84x 23.03x 1.03%

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