Company Valuation: CellaVision AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,757 5,462 5,057 5,188 3,749 3,893 - -
Change - -29.58% -7.42% 2.59% -27.72% 3.82% - -
Enterprise Value (EV) 1 7,763 5,456 5,000 5,065 3,587 3,705 3,671 3,614
Change - -29.71% -8.37% 1.31% -29.18% 3.29% -0.93% -1.54%
P/E 61.9x 46.2x 38.8x 36.9x 24.5x 28x 22.3x 19.7x
PBR 14.3x 8.51x 7.06x 6.36x 4.22x 4.03x 3.65x 3.28x
PEG - -8.36x 3.8x 4.58x 2.78x -3.05x 0.9x 1.5x
Capitalization / Revenue 13.7x 8.54x 7.47x 7.17x 4.94x 5.02x 4.47x 4.12x
EV / Revenue 13.7x 8.53x 7.38x 7x 4.73x 4.78x 4.22x 3.83x
EV / EBITDA 39.6x 27.5x 24.2x 23.2x 14.9x 16.3x 13.2x 11.7x
EV / EBIT 47.7x 34.5x 29.9x 28.5x 17.8x 20.9x 16.5x 14.3x
EV / FCF 68x 81.1x 45.1x 41.4x 31.4x 34.4x 32.7x 25.9x
FCF Yield 1.47% 1.23% 2.22% 2.42% 3.19% 2.91% 3.06% 3.86%
Dividend per Share 2 2 2 2.25 2.5 2.75 2.75 3.133 3.4
Rate of return 0.62% 0.87% 1.06% 1.15% 1.75% 1.69% 1.92% 2.08%
EPS 2 5.25 4.96 5.46 5.9 6.42 5.831 7.313 8.294
Distribution rate 38.1% 40.3% 41.2% 42.4% 42.8% 47.2% 42.8% 41%
Net sales 1 565.6 639.3 677.3 723.2 759 775.1 870 944.7
EBITDA 1 196.2 198.4 206.8 218.7 241.4 227.3 277.7 309.5
EBIT 1 162.7 158.3 167.1 177.7 202.1 177.5 222.9 253.3
Net income 1 125.3 118.3 130.3 140.7 153.1 139 174.4 197.7
Net Debt 1 6.368 -5.558 -56.94 -122.6 -162.6 -187.5 -221.9 -278.4
Reference price 2 325.20 229.00 212.00 217.50 157.20 163.20 163.20 163.20
Nbr of stocks (in thousands) 23,852 23,852 23,852 23,852 23,852 23,852 - -
Announcement Date 04/02/22 08/02/23 07/02/24 06/02/25 05/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.99x4.78x16.3x1.68% 395M
64.84x5.1x17.04x0.32% 17.65B
43.54x - - 1.86% 1.89B
14.81x2.02x6.86x1.73% 870M
39.34x - - - 779M
-2.58x1.35x6.26x - 728M
113.43x - - 1.03% 555M
-10.72x - - - 436M
32.9x2.82x16.8x-.--% 439M
Average 35.95x 3.21x 12.65x 1.11% 2.64B
Weighted average by Cap. 56.96x 4.77x 16.19x 0.55%

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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