Company Valuation: RaySearch Laboratories AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,937 2,331 3,096 7,405 7,816 6,233 - -
Change - 20.35% 32.79% 139.2% 5.56% -20.26% - -
Enterprise Value (EV) 1 2,397 2,727 3,281 7,414 7,804 6,388 6,240 6,035
Change - 13.78% 20.33% 125.95% 5.26% -18.15% -2.32% -3.29%
P/E -40.9x 98.6x 37.9x 36.4x 34.3x 23.2x 18.6x 15.8x
PBR 2.98x 3.55x 4.21x 8.45x 7.93x 7.08x 5.85x 4.79x
PEG - -1x 0x 0x 2.9x 1.1x 0.8x 0.9x
Capitalization / Revenue 3.02x 2.76x 3.03x 6.21x 5.81x 4.46x 3.82x 3.37x
EV / Revenue 3.74x 3.23x 3.21x 6.22x 5.81x 4.57x 3.82x 3.27x
EV / EBITDA 12.2x 8.03x 8.2x 13.3x 13.4x 9.99x 8.38x 6.98x
EV / EBIT -44.8x 63.9x 28.6x 28.5x 26.7x 18.1x 14.3x 11.1x
EV / FCF 234x - - - 21.7x 33.8x 21.7x 16.5x
FCF Yield 0.43% - - - 4.6% 2.96% 4.6% 6.05%
Dividend per Share 2 - - 0.7 3 3 4 4.77 5.87
Rate of return - - 0.78% 1.39% 1.32% 2.16% 2.57% 3.17%
EPS 2 -1.38 0.69 2.38 5.94 6.65 7.995 9.97 11.74
Distribution rate - - 29.4% 50.5% 45.1% 50% 47.8% 50%
Net sales 1 641.1 843.6 1,022 1,192 1,344 1,396 1,632 1,848
EBITDA 1 196.7 339.7 400.1 558 583.5 639.5 744.5 864.5
EBIT 1 -53.5 42.7 114.9 260.5 292.3 353 435 543.5
Net income 1 -47.3 23.8 81.57 203.5 227.8 272 337.5 422.5
Net Debt 1 459.7 395.9 185.7 9.2 -12.5 155 7 -198
Reference price 2 56.50 68.00 90.30 216.00 228.00 185.40 185.40 185.40
Nbr of stocks (in thousands) 34,283 34,283 34,283 34,283 34,283 33,618 - -
Announcement Date 23/2/22 28/2/23 23/2/24 21/2/25 12/2/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.19x4.57x9.99x2.16% 622M
42.65x10.31x22.72x-.--% 45.1B
91.35x49.65x63.04x0.58% 11.93B
75.05x13.05x51.31x0.68% 5.59B
-66.01x16.77x-109.82x - 4.33B
-6.61x58.69x-6.65x - 1.98B
34.89x - - -.--% 1.57B
-118.37x - - - 1B
6.48x - - - 928M
-15.63x0.16x1.13x-.--% 851M
Average 6.70x 21.89x 4.53x 0.57% 7.39B
Weighted average by Cap. 41.64x 18.78x 22.47x 0.18%

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

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  4. Valuation RaySearch Laboratories AB