Financials Essity LIQUIDNET SYSTEMS

Stocks

SE0009922164

Personal Products

Delayed LIQUIDNET SYSTEMS Other stock markets			5-day change	1st Jan Change
- ^SEK	-.--%		-.--%	-

06-30	DNB Carnegie raises Essity price target to 285 kronor (275), reiterates hold	FW
06-29	Steady gains on the Stockholm market after the morning rise, OMXS30 index up 0.3 percent	FW

Projected Income Statement: Essity

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	121,867	156,173	147,147	145,546	138,494	139,819	144,686	148,327
Change	-	28.15%	-5.78%	-1.09%	-4.85%	0.96%	3.48%	2.52%
EBITDA ¹	20,040	20,390	25,024	26,517	25,722	24,857	26,557	27,835
Change	-	1.75%	22.73%	5.97%	-3%	-3.36%	6.84%	4.81%
EBIT ¹	12,828	11,942	17,789	19,234	18,531	18,117	19,550	20,712
Change	-	-6.91%	48.96%	8.12%	-3.65%	-2.24%	7.91%	5.94%
Interest Paid ¹	-662	-1,370	-2,356	-1,931	-1,384	-1,091	-1,108	-988.2
Earnings before Tax (EBT) ¹	12,537	8,109	12,792	16,364	17,161	16,238	17,939	19,111
Change	-	-35.32%	57.75%	27.92%	4.87%	-5.38%	10.48%	6.53%
Net income ¹	8,620	5,567	9,554	20,888	12,656	12,088	13,342	14,234
Change	-	-35.42%	71.62%	118.63%	-39.41%	-4.49%	10.37%	6.69%
Announcement Date	26/01/22	26/01/23	25/01/24	23/01/25	22/01/26	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	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	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2
Net sales ¹	28,968	31,145	34,226	34,301	37,929	40,109	43,834	42,926	43,930	43,516	36,625	34,850	36,617	36,274	37,805	34,976	34,185	34,638	34,695	33,177	34,664	35,715	36,667	35,922	37,272
Change	-	7.52%	9.89%	0.22%	10.58%	5.75%	9.29%	-2.07%	2.34%	-0.94%	-15.84%	-4.85%	5.07%	-0.94%	4.22%	-7.48%	-2.26%	1.33%	0.16%	-4.38%	4.48%	3.03%	2.66%	-2.03%	3.76%
EBITDA ¹	4,951	5,211	4,750	4,553	4,954	4,869	6,014	6,302	6,649	7,287	6,393	6,366	6,916	6,643	6,592	6,218	6,197	6,601	6,706	6,095	5,853	6,217	6,721	6,316	6,785
Change	-	5.25%	-8.85%	-4.15%	8.81%	-1.72%	23.52%	4.79%	5.51%	9.6%	-12.27%	-0.42%	8.64%	-3.95%	-0.77%	-5.67%	-0.34%	6.52%	1.59%	-9.11%	-3.96%	6.21%	8.11%	-6.03%	7.43%
EBIT ¹	3,228	3,351	2,827	2,563	2,882	2,703	3,794	4,072	4,420	5,034	4,583	4,134	4,978	4,868	4,699	4,450	4,386	4,909	4,754	4,358	4,412	4,532	4,747	4,534	4,919
Change	-	3.81%	-15.64%	-9.34%	12.45%	-6.21%	40.36%	7.33%	8.55%	13.89%	-8.96%	-9.8%	20.42%	-2.21%	-3.47%	-5.3%	-1.44%	11.92%	-3.16%	-8.33%	1.24%	2.72%	4.73%	-4.48%	8.49%
Charge d'intérêts ¹	-177	-137	-190	-208	-224	-368	-570	-655	-633	-691	-499	-607	-478	-430	-416	-373	-333	-369	-309	-250	-278	-287	-265	-234	-232
Earnings before Tax (EBT) ¹	2,915	3,738	2,564	942	2,143	2,123	2,901	3,504	3,268	2,376	3,842	3,527	4,500	4,868	3,899	4,108	4,067	4,536	4,450	3,942	3,804	4,116	4,568	4,225	4,611
Change	-	28.23%	-31.41%	-63.26%	127.49%	-0.93%	36.65%	20.79%	-6.74%	-27.29%	61.7%	-8.2%	27.59%	8.18%	-19.91%	5.36%	-1%	11.53%	-1.9%	-11.42%	-3.49%	8.18%	11%	-7.51%	9.14%
Net income ¹	1,770	2,736	1,982	306	1,485	1,567	2,209	2,663	2,479	1,586	2,826	11,383	3,333	3,329	2,874	3,069	3,053	3,358	3,208	2,887	2,848	3,096	3,368	3,148	3,435
Change	-	54.58%	-27.56%	-84.56%	385.29%	5.52%	40.97%	20.55%	-6.91%	-36.02%	78.18%	302.8%	-70.72%	-0.12%	-13.67%	6.78%	-0.52%	9.99%	-4.47%	-10.01%	-1.34%	8.7%	8.79%	-6.54%	9.12%
Announcement Date	16/07/21	22/10/21	26/01/22	22/04/22	21/07/22	27/10/22	26/01/23	27/04/23	20/07/23	26/10/23	25/01/24	25/04/24	18/07/24	23/10/24	23/01/25	24/04/25	17/07/25	23/10/25	22/01/26	23/04/26	-	-	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	2023 S1
Net sales ¹	86,856
Change	-
EBITDA	-
Change	-
EBIT	-
Change	-
Charge d'intérêts	-
Earnings before Tax (EBT)	-
Change	-
Net income	-
Change	-
Announcement Date	20/07/23

¹SEK in Million

Estimates

Forecast Balance Sheet: Essity

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	55,433	62,869	53,703	30,769	26,543	28,446	24,979	21,084
Change	-	13.41%	-14.58%	-42.71%	-13.73%	7.17%	-12.19%	-15.59%
Announcement Date	26/01/22	26/01/23	25/01/24	23/01/25	22/01/26	-	-	-

¹SEK in Million

Estimates

Cash Flow Forecast: Essity

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	7,358	6,949	6,850	7,396	7,090	8,067	8,039	7,959
Change	-	-5.56%	-1.42%	7.97%	-4.14%	13.78%	-0.35%	-1%
Free Cash Flow (FCF) ¹	7,309	5,925	12,227	9,773	8,369	10,062	11,697	12,896
Change	-	-18.94%	106.36%	-20.07%	-14.37%	20.23%	16.25%	10.25%
Announcement Date	26/01/22	26/01/23	25/01/24	23/01/25	22/01/26	-	-	-

¹SEK in Million

Estimates

Forecast Financial Ratios: Essity

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	16.44%	13.06%	17.01%	18.22%	18.57%	17.78%	18.36%	18.77%
EBIT Margin (%)	10.53%	7.65%	12.09%	13.22%	13.38%	12.96%	13.51%	13.96%
EBT Margin (%)	10.29%	5.19%	8.69%	11.24%	12.39%	11.61%	12.4%	12.88%
Net margin (%)	7.07%	3.56%	6.49%	14.35%	9.14%	8.65%	9.22%	9.6%
FCF margin (%)	6%	3.79%	8.31%	6.71%	6.04%	7.2%	8.08%	8.69%
FCF / Net Income (%)	84.79%	106.43%	127.98%	46.79%	66.13%	83.24%	87.67%	90.6%
Profitability
ROA	5.23%	2.89%	4.62%	10.76%	7.18%	7.04%	7.34%	7.69%
ROE	15%	8.1%	12.5%	13.4%	15.2%	14.28%	14.55%	14.54%
Financial Health
Leverage (Debt/EBITDA)	2.77x	3.08x	2.15x	1.16x	1.03x	1.14x	0.94x	0.76x
Debt / Free cash flow	7.58x	10.61x	4.39x	3.15x	3.17x	2.83x	2.14x	1.63x
Capital Intensity
CAPEX / Current Assets (%)	6.04%	4.45%	4.66%	5.08%	5.12%	5.77%	5.56%	5.37%
CAPEX / EBITDA (%)	36.72%	34.08%	27.37%	27.89%	27.56%	32.45%	30.27%	28.59%
CAPEX / FCF (%)	100.67%	117.28%	56.02%	75.68%	84.72%	80.18%	68.73%	61.71%
Items per share
Cash flow per share ¹	20.89	18.33	27.16	24.52	22.44	26.9	29	31.09
Change	-	-12.26%	48.18%	-9.74%	-8.48%	19.88%	7.81%	7.22%
Dividend per Share ¹	7	7.25	7.75	8.25	-	9.185	9.705	10.23
Change	-	3.57%	6.9%	6.45%	-	-	5.66%	5.39%
Book Value Per Share ¹	85.29	95.89	100.9	126.1	124.3	133.8	143.5	155.1
Change	-	12.42%	5.2%	25.01%	-1.45%	7.69%	7.22%	8.07%
EPS ¹	12.27	7.93	13.6	29.83	18.37	17.81	19.88	21.35
Change	-	-35.37%	71.5%	119.34%	-38.42%	-3.07%	11.65%	7.41%
Nbr of stocks (in thousands)	702,342	702,342	702,342	694,998	683,049	679,243	679,243	679,243
Announcement Date	26/01/22	26/01/23	25/01/24	23/01/25	22/01/26	-	-	-