Company Valuation: HMS Networks AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,037 15,840 23,207 21,766 21,027 25,273 - -
Change - -39.16% 46.51% -6.21% -3.39% 20.19% - -
Enterprise Value (EV) 1 26,384 16,140 23,496 25,059 23,381 27,192 26,669 26,052
Change - -38.83% 45.58% 6.65% -6.7% 16.3% -1.92% -2.31%
P/E 73.7x 31.2x 40.8x 68.4x 48.4x 36.3x 30.3x 26.9x
PBR 129x 10.4x 13.2x 7.81x 6.13x 6.37x 5.59x 4.92x
PEG - 0.7x 3.4x -1.4x 1.3x 0.6x 1.5x 2.1x
Capitalization / Revenue 13.2x 6.32x 7.67x 7.12x 5.88x 6.24x 5.6x 5.21x
EV / Revenue 13.4x 6.44x 7.77x 8.19x 6.54x 6.71x 5.91x 5.37x
EV / EBITDA 48.1x 21.2x 26.8x 31.5x 22x 21.9x 19.2x 17.3x
EV / EBIT 59.2x 24.7x 31.2x 49.8x 30.7x 28x 23.9x 21.1x
EV / FCF 64.7x 248x 52.8x 53.2x 31.4x 41.1x 31.5x 26.7x
FCF Yield 1.55% 0.4% 1.89% 1.88% 3.18% 2.43% 3.17% 3.74%
Dividend per Share 2 3 4 4.4 4.4 4.8 5.618 6.336 7.052
Rate of return 0.54% 1.18% 0.88% 1.01% 1.15% 1.12% 1.26% 1.4%
EPS 2 7.57 10.89 12.19 6.34 8.66 13.87 16.63 18.73
Distribution rate 39.6% 36.7% 36.1% 69.4% 55.4% 40.5% 38.1% 37.6%
Net sales 1 1,972 2,506 3,025 3,059 3,577 4,053 4,511 4,851
EBITDA 1 548 760 877 796 1,064 1,240 1,388 1,506
EBIT 1 446 653 753 503 762 972.3 1,117 1,236
Net income 1 355 508 571 310 435 697.7 836.6 942
Net Debt 1 347 300 289 3,293 2,354 1,919 1,396 779.2
Reference price 2 558.00 339.60 497.40 433.80 419.00 503.50 503.50 503.50
Nbr of stocks (in thousands) 46,661 46,643 46,656 50,175 50,184 50,194 - -
Announcement Date 26/01/22 26/01/23 26/01/24 28/01/25 27/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.3x6.71x21.92x1.12% 2.62B
34.8x7.26x18.74x1.47% 444B
47.5x16.07x33.65x-.--% 201B
41.03x12.78x32.07x0.27% 183B
21.13x0.88x15.35x2.1% 189B
31.86x6.03x17.66x1.12% 70.16B
44.43x2.85x18.53x1.34% 71.67B
81.16x9.45x43.64x-.--% 59.8B
147.45x18.99x55.75x-.--% 56.66B
25.32x5.47x18.92x1.72% 46.29B
Average 51.10x 8.65x 27.62x 0.91% 132.54B
Weighted average by Cap. 42.58x 8.68x 25.02x 1.02%

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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