Financials ERICSSON

Equities

ERIC B

SE0000108656

Communications & Networking

Market Closed - Nasdaq Stockholm Other stock markets 17:00:00 06/12/2024 GMT			5-day change	1st Jan Change
91.36 ^SEK	-0.65%		+3.02%	+44.76%

08:10am	ERICSSON B : JP Morgan remains Neutral	ZD
07:53am	US votes on $3 billion to remove Chinese telecom equipment	FW

Projected Income Statement: ERICSSON

income-statement-evolution-chart ERICSSON

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	227,216	232,390	232,314	271,546	263,351	247,750	256,905	263,673
Change	-	2.28%	-0.03%	16.89%	-3.02%	-5.92%	3.7%	2.63%
EBITDA ¹	31,189	37,788	41,298	37,962	30,084	34,004	37,662	40,367
Change	-	21.16%	9.29%	-8.08%	-20.75%	13.03%	10.76%	7.18%
EBIT ¹	22,100	29,100	32,300	27,419	18,093	26,000	28,187	31,740
Change	-	31.67%	11%	-15.11%	-34.01%	43.7%	8.41%	12.6%
Interest Paid ¹	-1,802	-596	-2,530	-2,411	-2,993	-1,928	-1,905	-1,574
Earnings before Tax (EBT) ¹	8,762	27,212	29,250	24,609	-23,319	4,349	25,420	28,022
Change	-	210.57%	7.49%	-15.87%	-	-	484.49%	10.24%
Net income ¹	2,223	17,483	23,000	18,724	-26,446	2,531	19,222	20,547
Change	-	686.46%	31.56%	-18.59%	-	-	659.36%	6.89%
Announcement Date	24/01/20	29/01/21	25/01/22	20/01/23	23/01/24	-	-	-

¹SEK in Million

Estimates

Fiscal Period: Dezember	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	66,373	49,750	55,578	57,472	69,590	49,778	54,941	56,263	71,332	55,061	62,465	68,040	85,980	62,553	64,444	64,473	71,881	53,325	59,848	61,794	72,497	55,584	60,610	62,273	75,402
Change	-	-25.04%	11.71%	3.41%	21.09%	-28.47%	10.37%	2.41%	26.78%	-22.81%	13.45%	8.92%	26.37%	-27.25%	3.02%	0.05%	11.49%	-25.81%	12.23%	3.25%	17.32%	-23.33%	9.04%	2.74%	21.08%
EBITDA ¹	7,990	6,727	6,690	11,078	13,293	7,273	7,924	11,225	14,876	6,931	9,581	9,834	11,616	7,118	5,634	6,881	10,451	6,712	6,124	9,619	13,842	7,572	9,004	10,440	13,549
Change	-	-15.81%	-0.55%	65.59%	19.99%	-45.29%	8.95%	41.66%	32.53%	-53.41%	38.23%	2.64%	18.12%	-38.72%	-20.85%	22.13%	51.88%	-35.78%	-8.76%	57.07%	43.9%	-45.3%	18.91%	15.95%	29.78%
EBIT ¹	5,700	4,600	4,500	9,000	11,000	5,338	5,827	8,800	12,300	4,800	7,400	7,200	8,081	4,000	2,821	3,900	7,368	4,305	3,229	7,327	10,749	4,864	5,176	6,140	10,713
Change	-	-19.3%	-2.17%	100%	22.22%	-51.47%	9.16%	51.02%	39.77%	-60.98%	54.17%	-2.7%	12.24%	-50.5%	-29.48%	38.25%	88.92%	-41.57%	-24.99%	126.91%	46.7%	-54.75%	6.4%	18.62%	74.49%
Charge d'intérêts ¹	-71	-902	300	109	-95	-533	-454	-598	-945	-643	-759	-535	-474	-917	-419	-719	-938	-471	-361	-501	-479.5	-481	-460	-485	-415
Earnings before Tax (EBT) ¹	6,054	3,404	4,143	8,752	10,913	4,728	5,369	8,835	10,916	4,101	6,549	7,115	7,379	2,129	-731	-29,627	4,910	3,629	-13,880	5,273	9,628	4,616	9,601	6,510	9,838
Change	-	-43.77%	21.71%	111.25%	24.69%	-56.68%	13.56%	64.56%	23.55%	-62.43%	59.69%	8.64%	3.71%	-71.15%	-	3,952.94%	-	-26.09%	-	-	82.59%	-52.06%	108.02%	-32.2%	51.13%
Net income ¹	4,430	2,156	2,452	5,353	7,522	3,187	3,679	5,800	10,100	2,940	4,504	5,214	6,066	1,516	-686	-30,670	3,394	2,613	-11,132	3,814	7,602	3,055	6,328	4,205	7,177
Change	-	-51.33%	13.73%	118.31%	40.52%	-57.63%	15.44%	57.65%	74.14%	-70.89%	53.2%	15.76%	16.34%	-75.01%	-	4,370.85%	-	-23.01%	-	-	99.33%	-59.81%	107.13%	-33.55%	70.68%
Announcement Date	24/01/20	22/04/20	17/07/20	21/10/20	29/01/21	21/04/21	16/07/21	19/10/21	25/01/22	14/04/22	14/07/22	20/10/22	20/01/23	18/04/23	14/07/23	11/10/23	23/01/24	16/04/24	12/07/24	14/10/24	-	-	-	-	-

¹SEK in Million

Estimates

Forecast Balance Sheet: ERICSSON

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-34,496	-20,272	-35,151	-14,155	2,099	-24,813	-41,325	-51,129
Change	-	-158.77%	-273.4%	-140.27%	-85.17%	-1,282.13%	-266.55%	-223.72%
Announcement Date	24/01/20	29/01/21	25/01/22	20/01/23	23/01/24	-	-	-

¹SEK in Million

Estimates

Cash Flow Forecast: ERICSSON

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	5,118	4,239	3,548	4,228	3,297	3,507	4,034	4,496
Change	-	-17.17%	-16.3%	19.17%	-22.02%	6.36%	15.05%	11.44%
Free Cash Flow (FCF) ¹	7,633	15,096	35,517	26,635	3,880	30,205	25,249	25,364
Change	-	97.77%	135.27%	-25.01%	-85.43%	678.47%	-16.41%	0.45%
Announcement Date	24/01/20	29/01/21	25/01/22	20/01/23	23/01/24	-	-	-

¹SEK in Million

Estimates

Forecast Financial Ratios: ERICSSON

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	13.73%	16.26%	17.78%	13.98%	11.42%	13.73%	14.66%	15.31%
EBIT Margin (%)	9.73%	12.52%	13.9%	10.1%	6.87%	10.49%	10.97%	12.04%
EBT Margin (%)	3.86%	11.71%	12.59%	9.06%	-8.85%	1.76%	9.89%	10.63%
Net margin (%)	0.98%	7.52%	9.9%	6.9%	-10.04%	1.02%	7.48%	7.79%
FCF margin (%)	3.36%	6.5%	15.29%	9.81%	1.47%	12.19%	9.83%	9.62%
FCF / Net Income (%)	343.36%	86.35%	154.42%	142.25%	-14.67%	1,193.22%	131.35%	123.44%
Profitability
ROA	0.82%	6.38%	7.86%	7.41%	-8.18%	1.1%	6.87%	7.02%
ROE	16.4%	20.7%	23.2%	15.37%	10.38%	19.13%	23.61%	21.65%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	0.07x	-	-	-
Debt / Free cash flow	-	-	-	-	0.54x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.25%	1.82%	1.53%	1.56%	1.25%	1.42%	1.57%	1.71%
CAPEX / EBITDA (%)	16.41%	11.22%	8.59%	11.14%	10.96%	10.31%	10.71%	11.14%
CAPEX / FCF (%)	67.05%	28.08%	9.99%	15.87%	84.97%	11.61%	15.98%	17.73%
Items per share
Cash flow per share ¹	5.082	8.699	11.72	9.257	2.155	8.384	8.152	9.421
Change	-	71.17%	34.78%	-21.04%	-76.72%	289.02%	-2.77%	15.57%
Dividend per Share ¹	1.5	2	2.5	2.5	2.7	2.753	2.975	3.137
Change	-	33.33%	25%	0%	8%	1.97%	8.06%	5.43%
Book Value Per Share ¹	24.91	26.02	32.64	40.44	29.25	27.89	30.67	34.15
Change	-	4.45%	25.42%	23.9%	-27.66%	-4.64%	9.95%	11.36%
EPS ¹	0.67	5.26	6.81	5.62	-7.94	0.7644	5.941	6.37
Change	-	685.07%	29.47%	-17.47%	-241.28%	-109.63%	677.23%	7.22%
Nbr of stocks (in thousands)	3,308,683	3,328,108	3,329,738	3,330,142	3,330,142	3,332,672	3,332,672	3,332,672
Announcement Date	24/01/20	29/01/21	25/01/22	20/01/23	23/01/24	-	-	-