Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 335,618 - -
Change - -38.58% 3.04% 42.39% 0.82% 11.14% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 284,327 276,914 266,295
Change - -36.08% 11.82% 32.33% -1.1% 2.26% -2.61% -3.83%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 17.7x 15.4x 14.3x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.04x 2.8x 2.61x
PEG - -0.6x 0x -90x 0x -0.6x 1.1x 1.79x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.45x 1.43x 1.41x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.23x 1.18x 1.12x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.14x 7.18x 6.7x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 8.76x 8.84x 8.22x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 11.4x 11.3x 9.81x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.79% 8.88% 10.2%
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% 2.97% 3.13% 3.28%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.812 6.663 7.195
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 52.6% 48.4% 47%
Net sales 1 232,314 271,546 263,351 247,880 236,681 230,952 234,972 238,578
EBITDA 1 41,298 37,962 30,084 50,358 50,212 39,800 38,575 39,717
EBIT 1 32,300 27,419 18,093 24,658 40,971 32,448 31,331 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 90.60 102.90 102.90 102.90
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,257,271 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.13x5.86x15.17x1.59% 423B
48.32x17.12x34.31x-.--% 232B
16.37x0.66x11.9x2.76% 148B
20.92x6.53x15.77x0.59% 113B
33.83x6.58x19.06x1.03% 77.37B
39.37x11.8x26.39x-.--% 77.06B
28.8x6.58x21.71x1.42% 56.15B
39.38x2.07x13.16x1.84% 51.72B
62.3x8.06x35.65x-.--% 51.24B
Average 35.05x 7.25x 21.46x 1.03% 136.67B
Weighted average by Cap. 32.17x 7.81x 20.46x 1.14%

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