Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 350,922 - -
Change - -38.58% 3.04% 42.39% 0.82% 16.21% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 300,023 291,947 283,224
Change - -36.08% 11.82% 32.33% -1.1% 7.91% -2.69% -2.99%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 19.5x 16.4x 15.4x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.17x 2.97x 2.76x
PEG - -0.6x 0x -90x 0x -0.5x 0.9x 2.41x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.55x 1.51x 1.49x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.32x 1.26x 1.2x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 8.04x 7.6x 7.21x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 10.3x 9.43x 8.97x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 13x 11.9x 11.3x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 7.69% 8.37% 8.87%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.1 3.242 3.405
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.94% 3.07% 3.23%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.423 6.454 6.865
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 57.2% 50.2% 49.6%
Net sales 1 232,314 271,546 263,351 247,880 236,681 227,020 232,049 236,135
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,312 38,398 39,294
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,094 30,958 31,558
Net income 1 23,000 18,724 -26,446 20 28,428 18,639 21,388 22,175
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -50,899 -58,976 -67,699
Reference price 2 99.79 60.90 63.11 89.88 90.60 105.55 105.55 105.55
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,323,585 - -
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.($)
34.52x7.2x18.6x1.48% 441B
49.42x16.77x35.12x-.--% 210B
20.82x0.86x15.13x2.13% 186B
41.12x12.6x32.07x0.26% 184B
41.43x2.65x17.22x1.44% 66.8B
31.98x6.05x17.72x1.12% 70.42B
80.48x9.38x43.28x-.--% 59.3B
141.5x18.22x53.51x-.--% 54.38B
26.23x5.68x19.64x1.66% 47.96B
Average 51.95x 8.82x 28.03x 0.9% 146.61B
Weighted average by Cap. 42.26x 8.79x 25.08x 1.03%

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