Financials Nolato AB London S.E.

Equities

0OA9

SE0015962477

Specialty Chemicals

Market Closed - London S.E. 16:37:50 29/09/2023 BST 5-day change 1st Jan Change
44.82 SEK -18.66% Intraday chart for Nolato AB -24.99% -15.67%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 14,601 22,251 29,066 14,721 14,250 15,341 - -
Enterprise Value (EV) 1 14,458 23,181 29,659 15,916 15,666 16,656 16,617 16,352
P/E ratio 20.7 x 27.5 x 25 x 21.1 x 32.9 x 22.5 x 19.1 x 16.7 x
Yield - 1.92% 1.76% 3.48% 2.84% 2.9% 3.38% 3.79%
Capitalization / Revenue 1.84 x 2.38 x 2.5 x 1.37 x 1.49 x 1.55 x 1.45 x 1.37 x
EV / Revenue 1.83 x 2.48 x 2.55 x 1.48 x 1.64 x 1.68 x 1.57 x 1.46 x
EV / EBITDA 11.4 x 15.9 x 16.4 x 11.3 x 12.5 x 10.9 x 9.94 x 9.07 x
EV / FCF 18.1 x 29.3 x 65.6 x - - 70.9 x 31.8 x 21.3 x
FCF Yield 5.53% 3.41% 1.52% - - 1.41% 3.15% 4.7%
Price to Book 4.91 x 6.03 x 6.1 x 2.73 x 2.76 x 2.79 x 2.62 x 2.44 x
Nbr of stocks (in thousands) 265,480 267,442 269,377 269,377 269,377 269,377 - -
Reference price 2 55.00 83.20 107.9 54.65 52.90 56.95 56.95 56.95
Announcement Date 10/02/20 10/02/21 07/02/22 08/02/23 06/02/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,919 9,359 11,610 10,774 9,546 9,892 10,599 11,207
EBITDA 1 1,263 1,456 1,805 1,411 1,253 1,526 1,672 1,803
EBIT 1 887 1,048 1,333 867 657 933.5 1,070 1,207
Operating Margin 11.2% 11.2% 11.48% 8.05% 6.88% 9.44% 10.09% 10.77%
Earnings before Tax (EBT) 1 857 1,014 1,401 875 616 870.4 1,024 1,173
Net income 1 703 806 1,160 697 435 681.9 802 921.6
Net margin 8.88% 8.61% 9.99% 6.47% 4.56% 6.89% 7.57% 8.22%
EPS 2 2.660 3.024 4.320 2.590 1.610 2.530 2.976 3.420
Free Cash Flow 1 800 791 452 - - 235 522.7 769
FCF margin 10.1% 8.45% 3.89% - - 2.38% 4.93% 6.86%
FCF Conversion (EBITDA) 63.34% 54.33% 25.04% - - 15.4% 31.27% 42.66%
FCF Conversion (Net income) 113.8% 98.14% 38.97% - - 34.46% 65.17% 83.44%
Dividend per Share 2 - 1.600 1.900 1.900 1.500 1.650 1.925 2.159
Announcement Date 10/02/20 10/02/21 07/02/22 08/02/23 06/02/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 3,146 2,879 2,905 2,626 2,364 2,476 2,478 2,340 2,252 2,442 2,523 2,478 2,444 2,682 2,674
EBITDA 1 449 386 386 343 296 326 333 336 318 374 386 389 386 433 431
EBIT 1 326 258 252 205 152 183 186 183 165 227 237.2 241 240 276 275
Operating Margin 10.36% 8.96% 8.67% 7.81% 6.43% 7.39% 7.51% 7.82% 7.33% 9.3% 9.4% 9.73% 9.82% 10.29% 10.28%
Earnings before Tax (EBT) 1 433 251 241 197 186 173 192 102 149 209 218.2 225.4 223.8 263 262
Net income 1 386 201 190 160 146 136 155 69 75 162 175.9 177.6 181 204 203
Net margin 12.27% 6.98% 6.54% 6.09% 6.18% 5.49% 6.26% 2.95% 3.33% 6.63% 6.97% 7.17% 7.41% 7.61% 7.59%
EPS 2 1.430 0.7500 0.7100 0.5900 0.5400 0.5000 0.5800 0.2600 0.2800 0.6000 0.6347 0.6722 0.6825 0.7600 0.7500
Dividend per Share 2 - - - - - - - - - - 1.500 - - - 1.500
Announcement Date 07/02/22 03/05/22 20/07/22 27/10/22 08/02/23 03/05/23 20/07/23 26/10/23 06/02/24 06/05/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 930 593 1,195 1,416 1,315 1,276 1,011
Net Cash position 1 143 - - - - - - -
Leverage (Debt/EBITDA) - 0.6387 x 0.3285 x 0.8469 x 1.13 x 0.8621 x 0.763 x 0.5606 x
Free Cash Flow 1 800 791 452 - - 235 523 769
ROE (net income / shareholders' equity) 25.5% 25.5% 28% 13.6% 8.1% 12.8% 14.1% 15.2%
ROA (Net income/ Total Assets) 49.8% 10.9% 12.5% 6.95% 5.65% 7.26% 8.28% 9.19%
Assets 1 1,411 7,409 9,268 10,031 7,705 9,393 9,686 10,027
Book Value Per Share 2 11.20 13.80 17.70 20.00 19.20 20.40 21.70 23.30
Cash Flow per Share - - - - - - - -
Capex 1 453 347 776 - - 749 744 571
Capex / Sales 5.72% 3.71% 6.68% - - 7.58% 7.02% 5.1%
Announcement Date 10/02/20 10/02/21 07/02/22 08/02/23 06/02/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
56.95 SEK
Average target price
63.25 SEK
Spread / Average Target
+11.06%
Consensus