Company Valuation: NOTE AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2023 2024 2025 2026 2027
Market Cap 1 1,691 6,603 4,304 4,290 4,514 4,514 -
Change - 290.47% - -0.34% 5.22% 0% -
Enterprise Value (EV) 1 1,691 6,603 4,304 4,509 5,720 5,825 5,601
Change - 290.47% - 4.75% 26.87% 15.71% -3.84%
P/E 14.7x 34.4x 13.5x 17.2x 18.4x 14.1x 11.3x
PBR - - - 2.57x 3.15x 2.24x 1.92x
PEG - 0.5x - -0.8x 1.2x 0.8x 0.4x
Capitalization / Revenue - - - 1.1x 1.36x 0.96x 0.84x
EV / Revenue - - - 1.16x 1.5x 1.23x 1.04x
EV / EBITDA - - - 9.51x 11.3x 9.05x 7.45x
EV / EBIT - - - 12.8x 15x 12.1x 9.92x
EV / FCF - - - - 15.8x 25.5x 17.7x
FCF Yield - - - - 6.34% 3.91% 5.66%
Dividend per Share 2 - - - - 4.64 1.36 1.755
Rate of return - - - - 2.93% 0.86% 1.11%
EPS 2 4.05 6.72 11.04 8.61 9.89 11.18 14
Distribution rate - - - - 48.6% 12.2% 12.5%
Net sales 1 - - - 3,901 3,814 4,720 5,369
EBITDA 1 - - - 474 504 643.3 752.3
EBIT 1 - - - 352 381 481.4 564.3
Net income 1 116 194 320 248 281 320.3 399.8
Net Debt 1 - - - 219 530 1,311 1,087
Reference price 2 59.60 231.00 148.50 148.00 158.10 158.10 158.10
Nbr of stocks (in thousands) 28,373 28,584 28,984 28,984 28,549 28,549 -
Announcement Date 18/6/21 28/1/22 22/3/24 27/1/25 26/1/26 - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.73x1.33x10.22x2.9% 470M
58.56x9.23x46.76x1.36% 194B
78.63x9.94x19.06x-.--% 105B
68.04x - - 0.14% 69.75B
56.49x11.2x42.45x0.85% 59.07B
64.96x8.42x33.56x0.65% 48.58B
32.61x9.06x25.47x1.01% 45.79B
57.85x9.6x39.38x0.77% 43.41B
8115.56x77.22x2428.11x - 42.96B
43.47x10.1x34.59x0.45% 41.66B
Average 859.29x 16.23x 297.73x 0.9% 65.11B
Weighted average by Cap. 591.86x 14.59x 213.06x 0.75%

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