Company Valuation: Swedbank AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204,213 199,120 228,671 245,657 360,989 456,790 - -
Change - -2.49% 14.84% 7.43% 46.95% 26.54% - -
Enterprise Value (EV) 204,213 199,120 228,671 245,657 360,989 456,790 456,790 456,790
Change - -2.49% 14.84% 7.43% 46.95% 26.54% 0% 0%
P/E 9.81x 9.13x 6.72x 7.07x 11.1x 15x 13x 12.2x
PBR 1.26x 1.13x 1.15x 1.12x 1.6x 2.04x 1.97x 1.89x
PEG - 1.95x 0.1x 3.63x -1.82x -2.38x 0.9x 1.82x
Capitalization / Revenue 4.36x 3.74x 3.13x 3.32x 5.25x 6.35x 5.99x 5.71x
EV / Revenue 0x 0x 0x 0x 0x 6.35x 5.99x 5.71x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 10.6x 9.27x 8.64x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 9.25 9.75 15.15 21.7 20.45 24.25 25.85 26.85
Rate of return 5.08% 5.5% 7.45% 9.94% 6.37% 5.97% 6.36% 6.61%
EPS 2 18.56 19.43 30.27 30.86 28.98 27.15 31.21 33.3
Distribution rate 49.8% 50.2% 50% 70.3% 70.6% 89.3% 82.8% 80.6%
Net sales 1 46,890 53,221 73,057 74,104 68,736 71,892 76,308 79,991
EBITDA - - - - - - - -
EBIT 1 26,043 31,806 48,957 48,728 44,203 42,916 49,295 52,855
Net income 1 20,871 21,877 34,128 34,869 32,759 30,593 34,942 37,472
Net Debt - - - - - - - -
Reference price 2 182.10 177.30 203.30 218.30 321.10 406.50 406.50 406.50
Nbr of stocks (in thousands) 1,121,434 1,123,071 1,124,796 1,125,318 1,124,226 1,123,715 - -
Announcement Date 02/02/22 31/01/23 24/01/24 23/01/25 29/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.97x - - 5.97% 45.49B
13.12x - - 1.91% 884B
6.17x - - 5.03% 415B
11.76x - - 2.21% 378B
6.61x - - 4.79% 357B
6.11x - - 5.05% 326B
11.79x - - 4.41% 330B
6.7x - - 4.75% 303B
17.1x - - 2.46% 270B
14.21x - - 2.78% 258B
Average 10.85x 3.94% 356.57B
Weighted average by Cap. 10.61x 3.51%

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