Company Valuation: C-Rad AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,880 1,287 1,421 1,007 1,073 1,226 - -
Change - -31.57% 10.47% -29.12% 6.5% 14.25% - -
Enterprise Value (EV) 1 1,758 1,165 1,292 856.5 901.6 1,055 1,017 958.7
Change - -33.74% 10.92% -33.7% 5.28% 17% -3.59% -5.74%
P/E 75.3x 173x 31x 18x 103x 18.3x 15.4x 12.8x
PBR 8.13x 5.31x 5.06x 3.12x 3.11x 3.08x 2.69x 2.35x
PEG - -2.5x 0x 0.8x -1.3x 0x 0.8x 0.6x
Capitalization / Revenue 7.2x 4.27x 3.35x 2.15x 2.43x 2.64x 2.33x 2.16x
EV / Revenue 6.73x 3.87x 3.04x 1.83x 2.04x 2.27x 1.93x 1.69x
EV / EBITDA 38.5x 32.2x 19.5x 10.7x 16.3x 11.4x 9.02x 7.22x
EV / EBIT 48.8x 44.6x 22.5x 12.2x 20x 11.9x 10.3x 8.06x
EV / FCF 143x -760x 78.8x 36.6x 17.9x 19.6x 17.3x 11.2x
FCF Yield 0.7% -0.13% 1.27% 2.73% 5.58% 5.11% 5.78% 8.94%
Dividend per Share 2 - - - - 0.1 0.45 0.65 0.85
Rate of return - - - - 0.31% 1.24% 1.79% 2.34%
EPS 2 0.74 0.22 1.36 1.67 0.31 1.983 2.363 2.842
Distribution rate - - - - 32.3% 22.7% 27.5% 29.9%
Net sales 1 261.2 301.3 424.6 469 441.9 463.9 527 568.1
EBITDA 1 45.7 36.2 66.4 79.9 55.4 92.24 112.8 132.9
EBIT 1 36 26.1 57.5 70 45.1 89 99.04 119
Net income 1 25.1 7.5 46.1 56.5 10.5 66.84 79.63 95.76
Net Debt 1 -122.4 -121.9 -129.4 -150.9 -171.2 -170.8 -208.6 -267
Reference price 2 55.70 38.10 42.20 30.00 31.95 36.30 36.30 36.30
Nbr of stocks (in thousands) 33,752 33,767 33,678 33,578 33,578 33,767 - -
Announcement Date 27/01/22 26/01/23 08/02/24 07/02/25 12/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
30.5x5.4x20.72x0.3% 227B
35.03x6.31x20.02x0.69% 146B
40.22x10.44x23.09x-.--% 130B
17.84x3.65x11.85x-.--% 69.27B
35.52x7.13x22.55x-.--% 51.82B
19.37x2.33x11.69x2.63% 50.45B
29.39x5.8x19.69x0.68% 42.53B
71.67x6.84x20.83x-.--% 40.22B
44.12x7.18x25.33x-.--% 32.95B
Average 35.96x 6.12x 19.53x 0.48% 87.75B
Weighted average by Cap. 34.05x 6.33x 19.89x 0.42%

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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