Company Valuation: Essity AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 207,509 191,871 175,494 205,499 181,162 174,482 - -
Change - -7.54% -8.54% 17.1% -11.84% -3.69% - -
Enterprise Value (EV) 1 262,942 254,740 229,197 236,268 207,705 203,691 201,400 197,852
Change - -3.12% -10.03% 3.09% -12.09% -1.93% -1.12% -1.76%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 15.1x 13.3x 12.3x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 1.9x 1.78x 1.65x
PEG - -1x 0.3x 0x -0.4x -2.12x 1x 1.46x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.23x 1.18x 1.15x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.44x 1.36x 1.3x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.23x 7.67x 7.16x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 11.9x 10.8x 9.94x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 20.7x 17.3x 16x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 4.83% 5.79% 6.23%
Dividend per Share 2 7 7.25 7.75 8.25 8.75 9.17 9.734 10.27
Rate of return 2.37% 2.65% 3.1% 2.79% 3.3% 3.56% 3.78% 3.99%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.06 19.37 21
Distribution rate 57% 91.4% 57% 27.7% 47.6% 53.7% 50.3% 48.9%
Net sales 1 121,867 156,173 147,147 145,546 138,494 141,409 148,233 151,959
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,763 26,245 27,638
EBIT 1 12,828 11,942 17,789 19,234 18,531 17,185 18,726 19,914
Net income 1 8,620 5,567 9,554 20,888 12,656 11,551 12,957 13,983
Net Debt 1 55,433 62,869 53,703 30,769 26,543 29,209 26,918 23,370
Reference price 2 295.40 273.30 250.00 295.70 265.20 257.40 257.40 257.40
Nbr of stocks (in thousands) 702,342 702,342 702,342 694,998 683,049 677,842 - -
Announcement Date 26/01/22 26/01/23 25/01/24 23/01/25 22/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.09x1.44x8.23x3.56% 17.39B
21.29x4.07x14.88x3.03% 337B
28.62x4.4x18.16x2.08% 223B
17.73x2.66x11.72x3.6% 128B
23.18x3.45x14.51x2.52% 67.17B
51.2x7.23x27.86x0.31% 45.15B
38.12x6.13x26.61x2.45% 44.87B
18.12x2.57x10.73x4.91% 33.04B
31.81x2.4x13.47x1.69% 33.27B
14.14x2.31x10.68x5.47% 31.38B
Average 25.93x 3.67x 15.68x 2.96% 95.99B
Weighted average by Cap. 24.76x 3.94x 15.91x 2.8%

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