Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 358,746 - -
Change - -38.58% 3.04% 42.39% 0.82% 18.8% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 307,769 299,260 290,110
Change - -36.08% 11.82% 32.33% -1.1% 10.7% -2.76% -3.06%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 19.7x 16.6x 15.6x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.24x 3.03x 2.81x
PEG - -0.6x 0x -90x 0x -0.6x 0.9x 2.49x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.58x 1.55x 1.52x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.36x 1.3x 1.23x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 8.21x 7.86x 7.31x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 10.4x 9.51x 9.02x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 13.1x 12.2x 11.4x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 7.65% 8.2% 8.77%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.103 3.243 3.427
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.88% 3.01% 3.18%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.469 6.503 6.911
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 56.7% 49.9% 49.6%
Net sales 1 232,314 271,546 263,351 247,880 236,681 226,990 230,831 235,679
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,507 38,097 39,664
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,525 31,465 32,153
Net income 1 23,000 18,724 -26,446 20 28,428 18,750 21,530 22,330
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -50,977 -59,486 -68,635
Reference price 2 99.79 60.90 63.11 89.88 90.60 107.90 107.90 107.90
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.34x7.57x19.55x1.41% 464B
45.32x14.12x35.54x0.24% 200B
22.73x0.94x16.53x1.95% 203B
48.72x16.52x34.58x-.--% 207B
44.74x2.86x18.49x1.34% 71.84B
92.01x10.72x49.48x-.--% 67.79B
31.1x5.9x17.28x1.15% 68.49B
172.37x22.19x65.14x-.--% 66.24B
18.76x2.61x12.37x3.25% 44.48B
Average 56.90x 9.27x 29.88x 1.04% 154.74B
Weighted average by Cap. 46.28x 9.24x 26.87x 1.02%

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