Company Valuation: Axfood AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 54,451 61,699 58,907 50,484 62,660 53,345 - -
Change - 13.31% -4.52% -14.3% 24.12% -14.87% - -
Enterprise Value (EV) 1 62,091 70,681 68,246 65,345 77,258 68,038 67,380 67,030
Change - 13.83% -3.44% -4.25% 18.23% -11.94% -0.97% -0.52%
P/E 25.4x 26x 25.1x 23.1x 26.9x 21.3x 19.1x 18.2x
PBR 11x 9.34x 8.61x 7.19x 8.35x 6.91x 6.22x 5.64x
PEG - 3.55x -22.99x -3.3x 4x 2.9x 1.6x 3.47x
Capitalization / Revenue 0.94x 0.84x 0.73x 0.6x 0.7x 0.59x 0.56x 0.54x
EV / Revenue 1.07x 0.96x 0.84x 0.78x 0.87x 0.75x 0.71x 0.68x
EV / EBITDA 12.2x 12.4x 10.8x 9.8x 10.1x 8.54x 8.01x 7.71x
EV / EBIT 23.1x 21.9x 18.9x 19x 20.9x 17.8x 16.3x 15.6x
EV / FCF 22.5x 21.2x 17.7x 16.7x 15.4x 17.4x 13.7x 14x
FCF Yield 4.45% 4.72% 5.66% 6% 6.5% 5.74% 7.32% 7.15%
Dividend per Share 2 7.75 8.15 8.5 8.75 9 9.479 9.993 10.39
Rate of return 2.98% 2.85% 3.11% 3.74% 3.1% 3.84% 4.04% 4.21%
EPS 2 10.24 10.99 10.87 10.11 10.79 11.58 12.93 13.6
Distribution rate 75.7% 74.2% 78.2% 86.5% 83.4% 81.8% 77.3% 76.4%
Net sales 1 57,891 73,474 81,111 84,057 89,152 91,089 94,683 98,028
EBITDA 1 5,103 5,716 6,345 6,665 7,649 7,965 8,411 8,697
EBIT 1 2,690 3,229 3,602 3,433 3,688 3,817 4,128 4,306
Net income 1 2,150 2,360 2,357 2,192 2,339 2,541 2,834 2,978
Net Debt 1 7,640 8,982 9,339 14,861 14,598 14,693 14,035 13,685
Reference price 2 260.40 285.90 273.00 234.00 290.20 247.10 247.10 247.10
Nbr of stocks (in thousands) 209,105 215,805 215,778 215,745 215,922 215,884 - -
Announcement Date 03/02/22 01/02/23 01/02/24 30/01/25 29/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.29x0.75x8.53x3.84% 5.61B
20.02x0.87x5.88x6.3% 37.59B
40.11x1.63x20.48x0.3% 31.61B
16.99x0.6x6.83x2.93% 27.28B
72.21x3.2x41.87x-.--% 26.84B
27.86x0.87x9.42x3.4% 21.68B
11.77x0.24x4.37x6.48% 13.26B
16.79x0.39x5.73x3.66% 13.26B
19.09x0.92x9.16x4.26% 10.19B
19.77x0.77x8.43x2.88% 10.08B
Average 26.59x 1.02x 12.07x 3.41% 19.74B
Weighted average by Cap. 29.98x 1.19x 13.89x 3.18%

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