Company Valuation: Ependion AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,244 3,184 3,635 2,821 3,633 5,049 - -
Change - 41.88% 14.18% -22.4% 28.8% 38.98% - -
Enterprise Value (EV) 1 2,875 3,918 4,348 3,503 4,325 5,689 5,542 5,292
Change - 36.26% 10.99% -19.44% 23.48% 31.53% -2.58% -4.5%
P/E 62.9x 21.8x 18.1x 17.8x 24x 25.6x 18.8x 15.4x
PBR 3.08x 3.22x 3.14x 2.12x 2.23x 2.8x 2.52x 2.25x
PEG - 0x 0.5x -0.8x -1.7x 0.8x 0.5x 0.7x
Capitalization / Revenue 1.39x 1.5x 1.47x 1.25x 1.63x 1.96x 1.76x 1.6x
EV / Revenue 1.78x 1.84x 1.76x 1.55x 1.94x 2.21x 1.93x 1.68x
EV / EBITDA 13.2x 11x 9.17x 8.19x 10x 10.5x 8.6x 7.27x
EV / EBIT 42.1x 19.5x 13.5x 14x 18.6x 18.4x 14.1x 11.4x
EV / FCF -30.8x 51.3x 42.5x 14.9x 22.2x 29.9x 21.8x 17.5x
FCF Yield -3.25% 1.95% 2.36% 6.72% 4.5% 3.34% 4.59% 5.73%
Dividend per Share 2 0.5 0.5 1 1.25 1.5 2 2.5 3.035
Rate of return 0.64% 0.45% 0.8% 1.29% 1.33% 1.28% 1.6% 1.94%
EPS 2 1.24 5.07 6.93 5.45 4.7 6.12 8.32 10.2
Distribution rate 40.3% 9.86% 14.4% 22.9% 31.9% 32.7% 30% 29.8%
Net sales 1 1,619 2,128 2,471 2,258 2,232 2,573 2,865 3,153
EBITDA 1 218 354.8 474 427.5 432.5 543.6 644.3 728.3
EBIT 1 68.27 201.1 321.7 250.9 232.1 308.4 393.3 464
Net income 1 35.76 146.1 200.4 157 146.7 212.1 275.6 333.7
Net Debt 1 631.2 734 713 682 692 639.5 492.5 243
Reference price 2 78.00 110.40 125.60 97.10 113.00 156.60 156.60 156.60
Nbr of stocks (in thousands) 28,768 28,837 28,941 29,050 32,152 32,243 - -
Announcement Date 27/01/22 25/01/23 25/01/24 31/01/25 26/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.59x2.21x10.47x1.28% 512M
-48.71x51.31x1499.94x - 50.46B
16.95x0.98x10.72x1.73% 18.43B
28.62x0.98x20.75x0.37% 14.42B
-1.58x2.56x10.51x-.--% 6.53B
35.74x4.08x24.29x1.91% 3.04B
Average 9.44x 10.35x 262.78x 1.06% 15.56B
Weighted average by Cap. -17.36x 28.39x 817.37x 1.02%

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

  1. Stock Market
  2. Stocks
  3. BELE Stock
  4. Valuation Ependion AB
-40%: Exceptional extension
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