Company Valuation: Serstech AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 162.8 117.3 23.47 117 264.6 144.7
Change - -27.92% -80% 398.51% 126.15% -45.31%
Enterprise Value (EV) 1 154.2 99.47 26.34 100.3 255.3 135
Change - -35.5% -73.52% 280.84% 154.47% -47.14%
P/E -23.8x -10.6x -0.79x 115x -32x -4.74x
PBR 3.71x 2.09x 0.88x 2.44x 3.99x 3.03x
PEG - -0.3x -0x -1x 0x -0x
Capitalization / Revenue 6.17x 5.34x 1.13x 1.77x 4.74x 3.37x
EV / Revenue 5.84x 4.53x 1.27x 1.52x 4.57x 3.14x
EV / EBITDA -22.9x -9.63x -0.88x 84.2x -29.1x -4.76x
EV / EBIT -21.7x -9.32x -0.87x 96.8x -28.5x -4.73x
EV / FCF -108x -10.3x -1.57x -52.4x -7.84x -2,640x
FCF Yield -0.92% -9.72% -63.7% -1.91% -12.8% -0.04%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0959 -0.1322 -0.3527 0.004922 -0.04 -0.12
Distribution rate - - - - - -
Net sales 1 26.4 21.97 20.73 66.02 55.85 43
EBITDA 1 -6.728 -10.33 -30.03 1.191 -8.779 -28.34
EBIT 1 -7.101 -10.68 -30.24 1.036 -8.943 -28.55
Net income 1 -6.73 -10.25 -29.57 0.715 -9.131 -29.27
Net Debt 1 -8.577 -17.88 2.873 -16.67 -9.288 -9.757
Reference price 2 2.2850 1.4000 0.2800 0.5660 1.2800 0.5690
Nbr of stocks (in thousands) 71,244 83,816 83,816 206,700 206,700 254,319
Announcement Date 08/04/22 08/04/22 06/04/23 05/04/24 01/04/25 01/04/26
1SEK in Million2SEK
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 14.53M
44.6x7.95x25.12x-.--% 55.15B
43.84x5.63x21.04x0.28% 23.9B
334.21x - - - 19.81B
44.2x9.13x32.76x0.54% 10.52B
189.56x - - - 8.31B
52.82x6.42x26.12x - 8.5B
35.33x3.76x18.78x0.28% 7.56B
7.99x - - 6.74% 7.26B
Average 94.07x 6.58x 24.76x 1.57% 15.67B
Weighted average by Cap. 91.79x 7.12x 24.58x 0.61%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Serstech AB