Financials Absolent Air Care Group AB

Equities

ABSO

SE0006256558

Environmental Services & Equipment

Market Closed - Nasdaq Stockholm 17:00:00 26/06/2024 BST 5-day change 1st Jan Change
371 SEK -0.54% Intraday chart for Absolent Air Care Group AB +0.82% -7.25%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 5,174 4,619 4,528 4,223 - -
Enterprise Value (EV) 1 5,174 4,912 4,825 4,321 4,207 4,058
P/E ratio 1,235 x 30.4 x 32.3 x 25.1 x 20.9 x 17.2 x
Yield - 0.67% 0.75% 0.77% 0.97% 1.19%
Capitalization / Revenue - 3.45 x 3.22 x 2.97 x 2.68 x 2.44 x
EV / Revenue - 3.67 x 3.43 x 3.04 x 2.67 x 2.34 x
EV / EBITDA - 18.9 x 18.5 x 14.6 x 12.3 x 10.1 x
EV / FCF - 29.1 x 42.2 x 22.8 x 23.8 x 18 x
FCF Yield - 3.44% 2.37% 4.39% 4.21% 5.54%
Price to Book - 6.65 x 5.62 x 4.49 x 3.8 x 3.19 x
Nbr of stocks (in thousands) 11,321 11,321 11,321 11,321 - -
Reference price 2 457.0 408.0 400.0 373.0 373.0 373.0
Announcement Date 24/02/22 22/02/23 20/02/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 - 1,339 1,408 1,421 1,576 1,732
EBITDA 1 - 260.6 261.3 295.4 342.4 402
EBIT 1 - 220 214.6 240.1 280.1 332.3
Operating Margin - 16.43% 15.24% 16.9% 17.77% 19.19%
Earnings before Tax (EBT) 1 - 196.9 180.2 218.5 262 320
Net income 1 4.145 151.8 140.2 168.2 202.1 246.4
Net margin - 11.33% 9.96% 11.83% 12.82% 14.23%
EPS 2 0.3700 13.40 12.39 14.87 17.82 21.72
Free Cash Flow 1 - 169 114.2 189.5 177 225
FCF margin - 12.62% 8.11% 13.34% 11.23% 12.99%
FCF Conversion (EBITDA) - 64.84% 43.71% 64.16% 51.7% 55.96%
FCF Conversion (Net income) - 111.34% 81.46% 112.7% 87.58% 91.32%
Dividend per Share 2 - 2.750 3.000 2.867 3.607 4.430
Announcement Date 24/02/22 22/02/23 20/02/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 350.7 326.4 340.1 358.8 353 354.7 341.9 357.6 357 352 354.5
EBITDA 1 73.37 67.25 57.8 68.17 71.34 73.75 48.07 75.6 73.5 73 72.5
EBIT 1 63.38 57.33 47.35 57.83 60.72 61.59 34.5 62.1 57 57 56
Operating Margin 18.07% 17.56% 13.92% 16.12% 17.2% 17.37% 10.09% 17.37% 15.97% 16.19% 15.8%
Earnings before Tax (EBT) 1 56.01 52.5 39.9 50.68 59.42 51.88 18.24 64.13 48 50 50
Net income 1 42.49 43.15 27.48 38.8 - - 16.36 49.7 36 38 38
Net margin 12.12% 13.22% 8.08% 10.81% - - 4.78% 13.9% 10.08% 10.8% 10.72%
EPS 2 3.750 - 2.430 3.430 4.030 3.480 1.440 - 3.320 3.510 3.480
Dividend per Share - - - - - - - - - - -
Announcement Date 17/08/22 11/11/22 22/02/23 16/05/23 17/08/23 30/10/23 20/02/24 03/05/24 - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt 1 - 293 297 98.5 - -
Net Cash position 1 - - - - 15.5 165
Leverage (Debt/EBITDA) - 1.125 x 1.136 x 0.3335 x - -
Free Cash Flow 1 - 169 114 190 177 225
ROE (net income / shareholders' equity) - 24.8% 18.7% 19.3% 20% 20.3%
ROA (Net income/ Total Assets) - 9.72% 8.4% - - -
Assets 1 - 1,562 1,669 - - -
Book Value Per Share 2 - 61.30 71.20 83.10 98.20 117.0
Cash Flow per Share - - - - - -
Capex 1 - 27.2 21.6 22 36 40
Capex / Sales - 2.03% 1.53% 1.55% 2.28% 2.31%
Announcement Date 24/02/22 22/02/23 20/02/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
373 SEK
Average target price
450.5 SEK
Spread / Average Target
+20.78%
Consensus
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  4. Financials Absolent Air Care Group AB