Company Valuation: Essity AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 207,509 191,871 175,494 205,499 181,162 182,067 - -
Change - -7.54% -8.54% 17.1% -11.84% 0.5% - -
Enterprise Value (EV) 1 262,942 254,740 229,197 236,268 207,705 211,046 208,015 204,194
Change - -3.12% -10.03% 3.09% -12.09% 1.61% -1.44% -1.84%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 15.6x 13.6x 12.6x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 1.98x 1.85x 1.71x
PEG - -1x 0.3x 0x -0.4x -2.53x 1x 1.54x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.29x 1.24x 1.21x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.5x 1.42x 1.36x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.61x 7.85x 7.34x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 12x 10.7x 9.91x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 19.8x 17.3x 15.6x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 5.06% 5.78% 6.42%
Dividend per Share 2 7 7.25 7.75 8.25 8.75 9.163 9.726 10.25
Rate of return 2.37% 2.65% 3.1% 2.79% 3.3% 3.41% 3.62% 3.82%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.24 19.68 21.3
Distribution rate 57% 91.4% 57% 27.7% 47.6% 53.2% 49.4% 48.1%
Net sales 1 121,867 156,173 147,147 145,546 138,494 141,037 146,358 149,889
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,524 26,484 27,833
EBIT 1 12,828 11,942 17,789 19,234 18,531 17,647 19,380 20,607
Net income 1 8,620 5,567 9,554 20,888 12,656 11,714 13,208 14,209
Net Debt 1 55,433 62,869 53,703 30,769 26,543 28,979 25,948 22,126
Reference price 2 295.40 273.30 250.00 295.70 265.20 268.60 268.60 268.60
Nbr of stocks (in thousands) 702,342 702,342 702,342 694,998 683,049 677,755 - -
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.($)
15.58x1.5x8.61x3.41% 19B
21.39x4.08x14.95x3.02% 338B
18.48x2.74x12.07x3.49% 137B
24.04x3.61x15.15x2.4% 70.48B
41.15x6.61x28.67x2.27% 49.07B
34.3x2.69x14.91x1.57% 36.79B
19.34x2.72x11.34x4.59% 35.32B
22.18x1.62x10.38x2.27% 20.2B
20.15x1.29x8.38x1.3% 19.39B
37.37x5.25x25.79x1.93% 9.34B
Average 25.40x 3.21x 15.02x 2.63% 73.47B
Weighted average by Cap. 23.01x 3.63x 14.85x 2.93%

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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