Company Valuation: Essity AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 207,509 191,871 175,494 205,499 181,162 173,302 - -
Change - -7.54% -8.54% 17.1% -11.84% -4.34% - -
Enterprise Value (EV) 1 262,942 254,740 229,197 236,268 207,705 202,302 198,412 194,579
Change - -3.12% -10.03% 3.09% -12.09% -2.6% -1.92% -1.93%
P/E ratio 24.1x 34.5x 18.4x 9.91x 14.4x 14.3x 12.9x 12x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 1.91x 1.78x 1.65x
PEG - -1x 0.3x 0x -0.4x -4.84x 1.2x 1.64x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.25x 1.2x 1.18x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.45x 1.38x 1.32x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.14x 7.49x 7.03x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 11.2x 10.2x 9.45x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 19.7x 16.7x 15x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 5.08% 6% 6.68%
Dividend per Share 2 7 7.25 7.75 8.25 - 9.199 9.674 10.21
Rate of return 2.37% 2.65% 3.1% 2.79% - 3.61% 3.8% 4.01%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.83 19.81 21.26
Distribution rate 57% 91.4% 57% 27.7% - 51.6% 48.8% 48%
Net sales 1 121,867 156,173 147,147 145,546 138,494 139,109 143,835 147,451
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,855 26,482 27,679
EBIT 1 12,828 11,942 17,789 19,234 18,531 18,054 19,458 20,601
Net income 1 8,620 5,567 9,554 20,888 12,656 12,100 13,311 14,195
Net Debt 1 55,433 62,869 53,703 30,769 26,543 29,000 25,110 21,277
Reference price 2 295.40 273.30 250.00 295.70 265.20 254.60 254.60 254.60
Nbr of stocks (in thousands) 702,342 702,342 702,342 694,998 683,049 680,705 - -
Announcement Date 26/01/22 26/01/23 25/01/24 23/01/25 22/01/26 - - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.28x1.45x8.14x3.61% 18.35B
21.46x4.16x15.2x2.94% 338B
16.02x2.5x11.03x3.9% 121B
23.25x3.52x14.8x2.47% 68.87B
43.87x7.02x30.49x2.17% 52.03B
18.41x2.63x10.9x4.83% 33.7B
82.65x2.47x15.03x1.66% 30.62B
15.98x1.1x6.59x1.48% 17.37B
20.17x1.43x9.14x2.6% 16.92B
48.58x6.77x33.19x1.35% 10.71B
Average 30.47x 3.31x 15.45x 2.7% 70.78B
Weighted average by Cap. 24.91x 3.70x 15.09x 2.99%

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

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