Projected Income Statement: NOTE AB

Forecast Balance Sheet: NOTE AB

Forecast Balance Sheet - NOTE AB
Fiscal Period: December 2021 2023 2024 2025 2026 2027 2028
Net Debt 1 - - 219 530 1,418 1,253 1,003
Change - - - 142.01% 167.55% -11.64% -19.95%
Announcement Date 28/1/22 22/3/24 27/1/25 26/1/26 - - -
1SEK in Million
Estimates

Cash Flow Forecast: NOTE AB

Fiscal Period: December 2025 2026 2027 2028
CAPEX 1 146.5 150 131 135.5
Change - 2.38% -12.67% 3.44%
Free Cash Flow (FCF) 1 362.4 48 254.5 351.6
Change - -86.76% 430.21% 38.13%
Announcement Date 26/1/26 - - -
1SEK in Million
Estimates

Forecast Financial Ratios: NOTE AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) - - - 12.15% 13.21% 12.96% 13.87% 14.09%
EBIT Margin (%) - - - 9.02% 9.99% 9.48% 10.27% 10.48%
EBT Margin (%) - - - 7.95% 9.23% 7.39% 8.94% 9.45%
Net margin (%) - - - 6.36% 7.37% 5.91% 7.12% 7.52%
FCF margin (%) - - - - 9.5% 1.06% 4.87% 6.24%
FCF / Net Income (%) - - - - 128.98% 17.93% 68.44% 82.9%

Profitability

        
ROA - - - - - - - -
ROE - - - 18.1% 17.1% 14.75% 17.35% 17%

Financial Health

        
Leverage (Debt/EBITDA) - - - 0.46x 1.05x 2.41x 1.73x 1.26x
Debt / Free cash flow - - - - 1.46x 29.53x 4.92x 2.85x

Capital Intensity

        
CAPEX / Current Assets (%) - - - - 3.84% 3.31% 2.51% 2.4%
CAPEX / EBITDA (%) - - - - 29.07% 25.53% 18.09% 17.06%
CAPEX / FCF (%) - - - - 40.43% 312.5% 51.47% 38.54%

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 - - - - - 1.305 1.7 1.96
Change - - - - - - 30.27% 15.29%
Book Value Per Share 1 - - - 57.5 57.7 67.1 78.1 90.36
Change - - - - 0.35% 16.28% 16.4% 15.7%
EPS 1 6.72 - 11.04 8.61 9.89 9.375 13.02 14.88
Change - - - -22.01% 14.87% -5.21% 38.83% 14.29%
Nbr of stocks (in thousands) 28,584 - 28,984 28,984 28,549 28,549 28,549 28,549
Announcement Date 28/1/22 - 22/3/24 27/1/25 26/1/26 - - -
1SEK
Estimates
2026 *2027 *
P/E 16.7x 12x
PBR 2.34x 2.01x
EV / Sales 1.3x 1.1x
Yield 0.83% 1.08%

EPS & Dividend

EPS & Dividend - NOTE AB


Y-o-Y evolution of P/E

Valuation ratios - P/E - NOTE AB
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - NOTE AB
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - NOTE AB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
156.80SEK
Average target price
195.50SEK
Spread / Average Target
+24.68%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - NOTE AB