Company Valuation: Pandox AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,842 21,400 27,651 37,325 39,504 33,083 - -
Change - -20.27% 29.21% 34.99% 5.84% -16.26% - -
Enterprise Value (EV) 1 57,872 56,864 62,508 74,738 91,364 81,149 81,272 81,404
Change - -1.74% 9.93% 19.57% 22.25% -11.18% 0.15% 0.16%
P/E 44x 5.07x -47.3x 21.2x 12.6x 14x 12x 11.5x
PBR 1.06x 0.7x 0.94x 1.11x 1.17x 0.93x 0.87x 0.82x
PEG - 0x 0x -0x 0.2x -0.6x 0.7x 2.86x
Capitalization / Revenue 8.2x 3.78x 4.04x 5.23x 5.29x 3.95x 3.85x 3.76x
EV / Revenue 17.7x 10.1x 9.13x 10.5x 12.2x 9.69x 9.46x 9.25x
EV / EBITDA 31x 17.2x 16.9x 18.9x 22.4x 15.8x 15.3x 15x
EV / EBIT 36.9x 19.3x 17.1x 20.4x 22.9x 16.4x 16x 15.7x
EV / FCF -53x 76.8x 87.8x 93.2x 45.4x 6.68x 44.5x 48x
FCF Yield -1.89% 1.3% 1.14% 1.07% 2.2% 15% 2.25% 2.08%
Dividend per Share 2 - 2.5 4 4.25 4.5 4.75 5.114 5.448
Rate of return - 2.15% 2.66% 2.22% 2.22% 2.79% 3.01% 3.21%
EPS 2 3.32 22.94 -3.18 9.04 16.13 12.14 14.18 14.75
Distribution rate - 10.9% -126% 47% 27.9% 39.1% 36.1% 37%
Net sales 1 3,273 5,654 6,849 7,136 7,469 8,373 8,595 8,797
EBITDA 1 1,868 3,304 3,696 3,961 4,086 5,145 5,313 5,420
EBIT 1 1,570 2,951 3,660 3,655 3,986 4,933 5,081 5,187
Net income 1 610 4,217 -585 1,689 3,139 2,220 2,759 2,869
Net Debt 1 31,030 35,464 34,857 37,413 51,860 48,067 48,190 48,321
Reference price 2 146.00 116.40 150.40 191.80 203.00 170.00 170.00 170.00
Nbr of stocks (in thousands) 183,850 183,850 183,850 194,603 194,603 194,603 - -
Announcement Date 10/02/22 09/02/23 08/02/24 06/02/25 05/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.01x9.69x15.77x2.79% 3.41B
14.04x4.51x12.17x3.61% 39.98B
17.8x3.94x15.85x1.38% 28.22B
7.88x1.42x7.8x4.49% 26.51B
5.45x0.65x1.36x9.17% 26.23B
13.78x3.08x14.74x2.54% 26.13B
10.63x2.15x9.15x3.95% 21.37B
7.85x0.87x3.17x2.85% 20.08B
13.11x6.41x16.85x1.66% 19.31B
37.44x13.73x34.11x3.16% 18.14B
Average 14.20x 4.65x 13.10x 3.56% 22.94B
Weighted average by Cap. 13.69x 3.91x 12.29x 3.7%

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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