Company Valuation: Assa Abloy AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 306,796 248,481 322,458 363,002 398,658 363,002 - -
Change - -19.01% 29.77% 12.57% 9.82% -8.94% - -
Enterprise Value (EV) 1 333,867 280,213 386,567 433,255 398,658 420,757 415,262 408,430
Change - -16.07% 37.95% 12.08% -7.99% 5.54% -1.31% -1.65%
P/E ratio 28.2x 18.7x 23.7x 23.2x 27.1x 21.3x 19.2x 17.5x
PBR 4.41x 2.89x 3.52x 3.39x - 3.21x 2.92x 2.64x
PEG - 0.8x 9.46x 1.6x -4.49x 1.4x 1.7x 1.91x
Capitalization / Revenue 3.23x 2.06x 2.29x 2.42x 2.62x 2.34x 2.21x 2.09x
EV / Revenue 3.51x 2.32x 2.75x 2.89x 2.62x 2.71x 2.53x 2.35x
EV / EBITDA 18.5x 12.4x 14.1x 14.5x 13x 13.3x 12.2x 11.3x
EV / EBIT 23.5x 15.1x 17.4x 17.8x 16.2x 16.3x 14.8x 13.6x
EV / FCF 30.8x 22.7x 20.5x 22.4x - 22.4x 20.6x 18.6x
FCF Yield 3.24% 4.41% 4.88% 4.46% - 4.46% 4.84% 5.36%
Dividend per Share 2 4.2 4.8 5.4 5.9 6.4 6.78 7.481 8.175
Rate of return 1.52% 2.15% 1.86% 1.81% 1.78% 2.07% 2.29% 2.5%
EPS 2 9.81 11.97 12.27 14.08 13.23 15.31 17.06 18.62
Distribution rate 42.8% 40.1% 44% 41.9% 48.4% 44.3% 43.8% 43.9%
Net sales 1 95,007 120,793 140,716 150,162 152,409 155,175 164,280 173,783
EBITDA 1 18,023 22,620 27,358 29,940 30,745 31,567 34,086 36,008
EBIT 1 14,181 18,532 22,185 24,296 24,664 25,867 28,011 30,048
Net income 1 10,901 13,291 13,633 15,639 14,701 17,017 18,885 20,628
Net Debt 1 27,071 31,732 64,109 70,253 - 57,755 52,260 45,429
Reference price 2 276.20 223.70 290.30 326.80 358.90 326.80 326.80 326.80
Nbr of stocks (in thousands) 1,110,776 1,110,776 1,110,776 1,110,776 1,110,776 1,110,776 - -
Announcement Date 04/02/22 03/02/23 07/02/24 05/02/25 05/02/26 - - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.34x2.71x13.33x2.07% 38.43B
12.67x1.01x6.52x3.07% 43.49B
16.48x2.1x11.06x1.82% 13.77B
18.49x3.14x12.71x1.33% 13.97B
-34.83x1.31x14.95x-.--% 11.43B
19.72x0.93x6.02x2.71% 10.25B
40.61x1.74x14.78x1.25% 8.21B
34.13x0.82x9.9x-.--% 7.92B
32.25x4.36x16.14x0.96% 7.9B
20.45x3.01x12.49x0.64% 7.63B
Average 18.13x 2.11x 11.79x 1.39% 16.3B
Weighted average by Cap. 16.41x 1.99x 10.92x 1.89%

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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