Company Valuation: Sagax

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 101,048 78,649 97,299 80,428 71,103 65,106 - -
Change - -22.17% 23.71% -17.34% -11.59% -8.43% - -
Enterprise Value (EV) 1 127,317 109,965 127,614 115,275 109,733 109,659 109,051 108,892
Change - -13.63% 16.05% -9.67% -4.81% -0.07% -0.55% -0.15%
P/E - - - - - 12.8x 12.3x 12x
PBR - - - - - 1.23x 1.12x 1.03x
PEG - - - - - - 2.65x 5.51x
Capitalization / Revenue 32.4x 21.1x 22.5x 15.9x 13.2x 11.6x 10.8x 10.4x
EV / Revenue 40.8x 29.5x 29.6x 22.8x 20.3x 19.6x 18.2x 17.4x
EV / EBITDA 52.5x 38.5x 37.9x 28.8x 25.8x 25.1x 23.1x 22x
EV / EBIT 24.8x 30.3x 29.6x 22.5x 20.5x 18.1x 18.2x 17.3x
EV / FCF -56.9x 43.8x 47.9x 51.9x 41.6x 416x 40x 37.6x
FCF Yield -1.76% 2.28% 2.09% 1.93% 2.4% 0.24% 2.5% 2.66%
Dividend per Share 2 - - - - 3.7 3.734 3.92 4.044
Rate of return - - - - 1.89% 2.12% 2.23% 2.3%
EPS 2 - - - - - 13.71 14.35 14.66
Distribution rate - - - - - 27.2% 27.3% 27.6%
Net sales 1 3,123 3,727 4,318 5,063 5,402 5,609 6,004 6,241
EBITDA 1 2,426 2,858 3,369 4,004 4,254 4,374 4,725 4,953
EBIT 1 5,144 3,624 4,306 5,112 5,362 6,049 6,006 6,294
Net income 1 9,807 2,718 -13 5,255 4,048 4,682 3,991 4,098
Net Debt 1 26,269 31,316 30,315 34,847 38,630 44,553 43,945 43,786
Reference price 2 303.00 239.00 274.00 225.00 196.00 176.00 176.00 176.00
Nbr of stocks (in thousands) 443,915 444,281 464,596 464,686 464,709 494,709 - -
Announcement Date 11/02/22 17/02/23 22/02/24 21/02/25 09/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
6.26x16.96x21.23x5.11% 8.14B
11.24x12.66x15.85x2.36% 3.23B
14.12x7.47x18.17x4.36% 2.15B
11.04x - - - 1.68B
8.77x3.33x8.64x4.28% 1.14B
14.44x16.11x18.71x1.11% 1.06B
8.8x12.17x23.99x-.--% 793M
12.49x16.38x18.63x4.32% 671M
Average 10.90x 12.15x 17.89x 3.08% 2.36B
Weighted average by Cap. 9.38x 13.76x 18.87x 3.93%

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