Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 336,576 - -
Change - -38.58% 3.04% 42.39% 0.82% 11.46% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 285,428 277,872 267,253
Change - -36.08% 11.82% 32.33% -1.1% 2.66% -2.65% -3.82%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 17.9x 15.5x 14.4x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.06x 2.83x 2.63x
PEG - -0.6x 0x -90x 0x -0.6x 1x 1.79x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.46x 1.44x 1.42x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.24x 1.19x 1.12x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.28x 7.2x 6.74x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 8.96x 8.87x 8.27x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 11.4x 11.3x 9.85x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.76% 8.85% 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 5.771 6.648 7.183
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 53% 48.5% 47.1%
Net sales 1 232,314 271,546 263,351 247,880 236,681 229,884 234,090 237,575
EBITDA 1 41,298 37,962 30,084 50,358 50,212 39,226 38,584 39,660
EBIT 1 32,300 27,419 18,093 24,658 40,971 31,839 31,329 32,332
Net income 1 23,000 18,724 -26,446 20 28,428 18,973 20,895 22,167
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -51,149 -58,705 -69,323
Reference price 2 99.79 60.90 63.11 89.88 90.60 103.15 103.15 103.15
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.($)
26.16x5.86x15.18x1.59% 423B
46.39x16.39x32.85x-.--% 223B
15.73x0.63x11.42x2.88% 142B
21.68x6.78x16.36x0.57% 117B
33.51x6.52x18.9x1.04% 76.65B
38.27x11.49x25.36x-.--% 74.65B
28.17x6.43x21.21x1.45% 54.92B
39.1x2.11x13.49x1.8% 53.05B
57.37x7.43x32.85x-.--% 47.18B
Average 34.04x 7.07x 20.85x 1.04% 134.67B
Weighted average by Cap. 31.32x 7.59x 19.86x 1.16%

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