Company Valuation: Balder

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 121,561 55,992 82,534 91,392 81,158 63,287 - -
Change - -53.94% 47.4% 10.73% -11.2% -22.02% - -
Enterprise Value (EV) 1 236,463 182,220 209,336 223,800 213,956 203,185 203,636 201,833
Change - -22.94% 14.88% 6.91% -4.4% -5.03% 0.22% -0.89%
P/E 6.57x 5.34x -12.2x 27.2x 11.6x 11.1x 9.49x 9.03x
PBR 1.57x 0.62x 1x 1.03x 0.86x 0.64x 0.6x 0.56x
PEG - -0.1x 0x -0x 0x -0.7x 0.5x 1.79x
Capitalization / Revenue 13.6x 5.32x 6.91x 7.1x 5.91x 4.42x 4.27x 4.15x
EV / Revenue 26.4x 17.3x 17.5x 17.4x 15.6x 14.2x 13.7x 13.2x
EV / EBITDA 39.9x 26.9x 24.3x 26.2x 23.4x 20.7x 20x 19.2x
EV / EBIT 36.5x 27x 24.3x 26.6x 23.6x 19x 18.3x 17.7x
EV / FCF -8.34x -23.2x -155x 117x 150x 76x 73.9x 71.4x
FCF Yield -12% -4.32% -0.65% 0.85% 0.67% 1.32% 1.35% 1.4%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 16.54 9.09 -5.85 2.82 5.86 4.86 5.701 5.988
Distribution rate - - - - - - - -
Net sales 1 8,956 10,521 11,944 12,876 13,721 14,307 14,835 15,264
EBITDA 1 5,927 6,777 8,624 8,533 9,154 9,800 10,201 10,533
EBIT 1 6,480 6,760 8,608 8,425 9,063 10,682 11,098 11,401
Net income 1 18,508 10,175 -6,746 3,304 7,621 5,623 5,624 5,779
Net Debt 1 114,902 126,228 126,802 132,408 132,798 139,898 140,348 138,546
Reference price 2 108.63 48.52 71.52 76.80 68.20 54.08 54.08 54.08
Nbr of stocks (in thousands) 1,119,000 1,154,000 1,154,000 1,190,000 1,190,000 1,170,250 - -
Announcement Date 11/02/22 10/02/23 09/02/24 07/02/25 06/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.26x4.86x13.08x3.32% 43.43B
8.97x1.53x7.99x3.96% 31.01B
18.33x4.04x16.49x1.34% 27.94B
6.26x0.37x0.73x8.94% 26.9B
13.59x3.04x14.66x2.6% 24.61B
12.43x2.19x7.83x3.82% 21.45B
8.18x0.91x3.3x2.73% 20.93B
13.68x6.6x17.64x1.56% 19.77B
10.32x1.66x14.33x3.66% 18.8B
Average 11.89x 2.80x 10.67x 3.55% 26.09B
Weighted average by Cap. 12.17x 2.91x 10.70x 3.61%

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