Company Valuation: RaySearch Laboratories AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,937 2,331 3,096 7,405 7,816 7,193 - -
Change - 20.35% 32.79% 139.2% 5.56% -7.98% - -
Enterprise Value (EV) 1 2,397 2,727 3,281 7,414 7,804 7,103 6,928 6,695
Change - 13.78% 20.33% 125.95% 5.26% -8.99% -2.46% -3.36%
P/E -40.9x 98.6x 37.9x 36.4x 34.3x 25.2x 20.2x 16.9x
PBR 2.98x 3.55x 4.21x 8.45x 7.93x 6.34x 5.32x 4.49x
PEG - -1x 0x 0x 2.9x 1x 0.8x 0.8x
Capitalization / Revenue 3.02x 2.76x 3.03x 6.21x 5.81x 5.1x 4.49x 4.01x
EV / Revenue 3.74x 3.23x 3.21x 6.22x 5.81x 5.04x 4.32x 3.73x
EV / EBITDA 12.2x 8.03x 8.2x 13.3x 13.4x 10.8x 9.09x 7.73x
EV / EBIT -44.8x 63.9x 28.6x 28.5x 26.7x 19.2x 15.1x 12.2x
EV / FCF 234x - - - 21.7x 37.6x 23.6x 17.3x
FCF Yield 0.43% - - - 4.6% 2.66% 4.23% 5.77%
Dividend per Share 2 - - 0.7 3 3 4 5.18 6.23
Rate of return - - 0.78% 1.39% 1.32% 1.91% 2.47% 2.97%
EPS 2 -1.38 0.69 2.38 5.94 6.65 8.32 10.37 12.45
Distribution rate - - 29.4% 50.5% 45.1% 48.1% 50% 50%
Net sales 1 641.1 843.6 1,022 1,192 1,344 1,409 1,603 1,795
EBITDA 1 196.7 339.7 400.1 558 583.5 655 762 866
EBIT 1 -53.5 42.7 114.9 260.5 292.3 370 459 549
Net income 1 -47.3 23.8 81.57 203.5 227.8 285 355 426
Net Debt 1 459.7 395.9 185.7 9.2 -12.5 -90 -265 -498
Reference price 2 56.50 68.00 90.30 216.00 228.00 209.80 209.80 209.80
Nbr of stocks (in thousands) 34,283 34,283 34,283 34,283 34,283 34,283 - -
Announcement Date 23/02/22 28/02/23 23/02/24 21/02/25 12/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.76x4.95x10.64x1.94% 727M
24.71x5.07x11.22x-.--% 25.68B
80.5x73.28x85.81x0.44% 13.4B
94.19x14.86x63.92x0.68% 5.49B
-46.64x12.54x-67.27x - 3.02B
-7.18x72.75x-7.37x - 2.1B
50.68x - - -.--% 1.8B
-132.32x - - - 1.24B
-108.33x - - 1.23% 741M
-6.9x0.57x11.28x2.1% 566M
Average -2.65x 26.29x 15.46x 0.91% 5.48B
Weighted average by Cap. 35.36x 27.24x 31.08x 0.27%

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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  4. Valuation RaySearch Laboratories AB