Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 326,988 332,382 204,141 210,346 299,520 258,232 - -
Change - 1.65% -38.58% 3.04% 42.39% -13.78% - -
Enterprise Value (EV) 1 306,716 297,231 189,986 212,445 281,130 207,722 196,491 190,773
Change - -3.09% -36.08% 11.82% 32.33% -26.11% -5.41% -2.91%
P/E ratio 18.6x 14.7x 10.8x -7.95x 8,988x 13.5x 13.5x 12.5x
PBR 3.75x 3.06x 1.51x 2.16x 3.18x 2.57x 2.33x 2.11x
PEG - 0.5x -0.6x 0x -90x 0x 53.96x 1.62x
Capitalization / Revenue 1.41x 1.43x 0.75x 0.8x 1.21x 1.05x 1.02x 1.01x
EV / Revenue 1.32x 1.28x 0.7x 0.81x 1.13x 0.84x 0.78x 0.74x
EV / EBITDA 8.12x 7.2x 5x 7.06x 5.58x 5.73x 5.32x 4.96x
EV / EBIT 10.5x 9.2x 6.93x 11.7x 11.4x 7.44x 6.86x 6.44x
EV / FCF 20.3x 8.37x 7.13x 54.8x 6.4x 8.84x 8.04x 7.23x
FCF Yield 4.92% 11.9% 14% 1.83% 15.6% 11.3% 12.4% 13.8%
Dividend per Share 2 2 2.5 2.5 2.7 2.85 2.934 3.065 3.201
Rate of return 2.05% 2.51% 4.11% 4.28% 3.17% 3.79% 3.96% 4.14%
EPS 2 5.26 6.81 5.62 -7.94 0.01 5.716 5.73 6.172
Distribution rate 38% 36.7% 44.5% -34% 28,500% 51.3% 53.5% 51.9%
Net sales 1 232,390 232,314 271,546 263,351 247,880 246,453 251,974 256,565
EBITDA 1 37,788 41,298 37,962 30,084 50,358 36,266 36,923 38,496
EBIT 1 29,100 32,300 27,419 18,093 24,658 27,914 28,632 29,645
Net income 1 17,483 23,000 18,724 -26,446 20 18,705 19,178 20,454
Net Debt 1 -20,272 -35,151 -14,155 2,099 -18,390 -50,510 -61,741 -67,459
Reference price 2 97.64 99.79 60.90 63.11 89.88 77.40 77.40 77.40
Nbr of stocks (in thousands) 3,328,108 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 - -
Announcement Date 29/01/21 25/01/22 20/01/23 23/01/24 24/01/25 - - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.54x0.84x5.73x3.79% 27.06B
26.48x5.03x13.1x2.38% 269B
44.65x19.09x33.07x-.--% 136B
17.14x0.58x11.5x3.07% 72.03B
33.65x6.4x20.08x1.06% 69.44B
26.84x5.68x20.08x1.65% 41.57B
18.81x2.21x12.72x2.93% 35.94B
19.28x0.98x7.01x3.25% 26.92B
40.66x - - - 24.49B
20.21x4.34x15.53x0.7% 22.52B
Average 26.13x 5.02x 15.43x 2.09% 72.54B
Weighted average by Cap. 28.83x 7.00x 17.47x 1.88%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield