Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 345,254 - -
Change - -38.58% 3.04% 42.39% 0.82% 14.33% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 293,964 286,550 275,931
Change - -36.08% 11.82% 32.33% -1.1% 5.73% -2.52% -3.71%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 18.3x 16x 14.8x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.15x 2.9x 2.7x
PEG - -0.6x 0x -90x 0x -0.6x 1.1x 1.82x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.5x 1.47x 1.45x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.27x 1.22x 1.16x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.51x 7.49x 6.98x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 9.16x 9.21x 8.52x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 11.8x 11.6x 10.2x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.51% 8.59% 9.83%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.059 3.225 3.38
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.87% 3.03% 3.18%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.811 6.653 7.195
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 52.6% 48.5% 47%
Net sales 1 232,314 271,546 263,351 247,880 236,681 230,902 234,921 238,578
EBITDA 1 41,298 37,962 30,084 50,358 50,212 39,132 38,233 39,516
EBIT 1 32,300 27,419 18,093 24,658 40,971 32,080 31,114 32,404
Net income 1 23,000 18,724 -26,446 20 28,428 19,145 20,964 22,302
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -51,291 -58,705 -69,323
Reference price 2 99.79 60.90 63.11 89.88 90.60 106.40 106.40 106.40
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,240,936 - -
Announcement Date 25/01/22 20/01/23 23/01/24 24/01/25 23/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.55x5.5x14.24x1.69% 397B
46.99x17.42x34.89x-.--% 248B
14.94x0.62x10.4x3.06% 135B
40.9x7.44x21.31x0.9% 88.49B
18.46x5.69x13.61x0.72% 95.94B
27.25x6.7x21.37x1.4% 56.64B
30.92x8.63x18.22x-.--% 58.77B
16.9x2.69x11.22x4.21% 47.02B
42.4x1.97x12.41x1.95% 48.63B
Average 29.25x 6.30x 17.52x 1.55% 131B
Weighted average by Cap. 29.80x 7.57x 18.99x 1.37%

Y-o-Y evolution of P/E

Valuation ratios - P/E - ERICSSON

Historical PBR trend

Valuation ratios - PBR - ERICSSON

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - ERICSSON

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - ERICSSON


Year-on-year evolution of the Yield

Valuation ratios - Yield - ERICSSON