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 60,227 - -
Change - -53.94% 47.4% 10.73% -11.2% -25.79% - -
Enterprise Value (EV) 1 236,463 182,220 209,336 223,800 213,956 196,734 195,963 194,658
Change - -22.94% 14.88% 6.91% -4.4% -8.05% -0.39% -0.67%
P/E 6.57x 5.34x -12.2x 27.2x 11.6x 9.57x 8.83x 8.13x
PBR 1.57x 0.62x 1x 1.03x 0.86x 0.6x 0.56x 0.52x
PEG - -0.1x 0x -0x 0x -1.06x 1.04x 0.95x
Capitalization / Revenue 13.6x 5.32x 6.91x 7.1x 5.91x 4.24x 4.1x 3.98x
EV / Revenue 26.4x 17.3x 17.5x 17.4x 15.6x 13.9x 13.3x 12.9x
EV / EBITDA 39.9x 26.9x 24.3x 26.2x 23.4x 19.6x 18.7x 18x
EV / EBIT 36.5x 27x 24.3x 26.6x 23.6x 18.6x 17.8x 17.2x
EV / FCF -8.34x -23.2x -155x 117x 150x 66.5x 65.7x 63.4x
FCF Yield -12% -4.32% -0.65% 0.85% 0.67% 1.5% 1.52% 1.58%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 16.54 9.09 -5.85 2.82 5.86 5.331 5.782 6.278
Distribution rate - - - - - - - -
Net sales 1 8,956 10,521 11,944 12,876 13,721 14,194 14,680 15,116
EBITDA 1 5,927 6,777 8,624 8,533 9,154 10,016 10,460 10,811
EBIT 1 6,480 6,760 8,608 8,425 9,063 10,605 11,032 11,340
Net income 1 18,508 10,175 -6,746 3,304 7,621 5,850 5,680 5,757
Net Debt 1 114,902 126,228 126,802 132,408 132,798 136,507 135,736 134,431
Reference price 2 108.63 48.52 71.52 76.80 68.20 51.04 51.04 51.04
Nbr of stocks (in thousands) 1,119,000 1,154,000 1,154,000 1,190,000 1,190,000 1,180,000 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.57x13.86x19.64x-.--% 6.2B
14.74x4.68x12.71x3.42% 42.2B
22.51x4.39x18.44x1.13% 30.61B
6.15x0.76x1.55x8.2% 29.36B
7.62x1.38x6.92x4.68% 27.43B
14.93x3.12x15.43x2.35% 24.88B
15.65x1x6.59x2.38% 21.73B
15.49x6.71x19.03x1.22% 20.41B
9.01x2.17x7.45x4.12% 19.67B
Average 12.85x 4.23x 11.97x 3.06% 24.72B
Weighted average by Cap. 13.32x 3.40x 11.33x 3.43%

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