Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 307,002 - -
Change - -38.58% 3.04% 42.39% 0.82% 1.67% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 257,835 248,708 241,707
Change - -36.08% 11.82% 32.33% -1.1% -7.26% -3.54% -2.81%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 17.5x 14.9x 13.5x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 2.77x 2.6x 2.42x
PEG - -0.6x 0x -90x 0x -0.5x 0.8x 1.3x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.36x 1.33x 1.3x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.14x 1.08x 1.03x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 6.85x 6.54x 6.08x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 8.71x 8.21x 7.68x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 11.2x 9.59x 9.11x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.9% 10.4% 11%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.059 3.177 3.32
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 3.29% 3.42% 3.57%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.306 6.248 6.882
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 57.7% 50.9% 48.2%
Net sales 1 232,314 271,546 263,351 247,880 236,681 226,153 230,855 235,282
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,622 38,042 39,778
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,592 30,286 31,473
Net income 1 23,000 18,724 -26,446 20 28,428 17,844 20,326 21,797
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -49,167 -58,294 -65,294
Reference price 2 99.79 60.90 63.11 89.88 90.60 92.98 92.98 92.98
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,301,748 - -
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.($)
34.51x7.23x18.66x1.48% 442B
51.84x17.64x36.83x-.--% 220B
37.49x12.01x29.86x0.28% 183B
19.79x0.82x14.35x2.27% 178B
30.48x5.82x17.04x1.17% 67.12B
167.98x21.62x63.39x-.--% 64.55B
36x2.31x15x1.65% 58.69B
76.3x8.89x41.03x-.--% 56.22B
20.28x2.85x13.49x3.01% 48.22B
Average 52.74x 8.80x 27.74x 1.09% 146.49B
Weighted average by Cap. 43.49x 9.09x 25.38x 1.08%

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