Projected Income Statement: Husqvarna AB

Forecast Balance Sheet: Husqvarna AB

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 6,493 9,623 17,709 15,640 14,471 10,713 10,336 8,966
Change - 48.21% 84.03% -11.68% -7.47% -25.97% -3.52% -13.25%
Announcement Date 03/02/21 03/02/22 01/02/23 02/02/24 05/02/25 04/02/26 - -
1SEK in Million
Estimates

Cash Flow Forecast: Husqvarna AB

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 1,994 2,524 2,344 2,627 2,603 2,165 2,201 2,218
Change - 26.58% -7.13% 12.07% -0.91% -16.83% 1.66% 0.77%
Free Cash Flow (FCF) 1 6,087 3,140 -4,052 4,440 4,233 2,930 2,321 1,817
Change - -48.41% -229.04% 209.58% -4.66% -30.78% -20.78% -21.71%
Announcement Date 03/02/21 03/02/22 01/02/23 02/02/24 05/02/25 - - -
1SEK in Million
Estimates

Forecast Financial Ratios: Husqvarna AB

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 14.8% 16.97% 11.82% 14.85% 12.94% 12.63% 13.5% 14.3%
EBIT Margin (%) 10.69% 12.08% 8.98% 9.33% 6.61% 6.22% 7.16% 7.97%
EBT Margin (%) 7.94% 11.67% 4.78% 5.4% 3.58% 4.61% 4.74% 6.86%
Net margin (%) 5.95% 9.43% 3.58% 4.09% 2.74% 3.79% 3.6% 4.88%
FCF margin (%) 14.51% 6.67% -7.5% 8.34% 8.75% 6.24% 5.18% 3.85%
FCF / Net Income (%) 244.07% 70.77% -209.73% 203.95% 319.47% 160.34% 143.86% 78.85%

Profitability

        
ROA 5.83% 9.4% 3.43% 3.65% 2.32% - - -
ROE 13.5% 22.2% 13.69% 12.56% 5.48% 7.46% 7.55% 9.55%

Financial Health

        
Leverage (Debt/EBITDA) 1.05x 1.2x 2.77x 1.98x 2.31x 1.83x 1.71x 1.33x
Debt / Free cash flow 1.07x 3.06x -4.37x 3.52x 3.42x 3.66x 4.45x 4.93x

Capital Intensity

        
CAPEX / Current Assets (%) 4.75% 5.36% 4.34% 4.93% 5.38% 4.61% 4.91% 4.7%
CAPEX / EBITDA (%) 32.13% 31.6% 36.71% 33.21% 41.61% 36.95% 36.37% 32.83%
CAPEX / FCF (%) 32.76% 80.38% -57.85% 59.17% 61.49% 73.89% 94.83% 122.07%

Items per share

        
Cash flow per share 1 14.11 9.866 -2.982 12.36 11.94 9.1 8.6 8.3
Change - -30.06% -130.23% 514.54% -3.42% -23.79% -5.49% -3.49%
Dividend per Share 1 2.4 3 3 3 1 1.165 1.212 1.99
Change - 25% 0% 0% -66.67% 16.5% 4.07% 64.12%
Book Value Per Share 1 29.8 37.7 41.9 41.6 43 42.16 42.98 47.56
Change - 26.51% 11.14% -0.72% 3.37% -1.96% 1.94% 10.67%
EPS 1 4.35 7.73 3.38 3.81 2.31 3.09 2.823 4.028
Change - 77.7% -56.27% 12.72% -39.37% 33.77% -11.55% 42.65%
Nbr of stocks (in thousands) 572,578 572,922 570,453 570,618 571,697 571,769 571,769 571,769
Announcement Date 03/02/21 03/02/22 01/02/23 02/02/24 05/02/25 04/02/26 - -
1SEK
Estimates
2025 2026 *
P/E ratio 15.1x 13.3x
PBR 0.89x 0.87x
EV / Sales 0.57x 0.71x
Yield 3.1% 3.23%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
37.57SEK
Average target price
47.75SEK
Spread / Average Target
+27.10%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. HUSQ B Stock
  4. Financials Husqvarna AB
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