Company Valuation: Swedbank AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 204,213 199,120 228,671 245,657 360,989 433,641 - -
Change - -2.49% 14.84% 7.43% 46.95% 20.13% - -
Enterprise Value (EV) 204,213 199,120 228,671 245,657 360,989 433,641 433,641 433,641
Change - -2.49% 14.84% 7.43% 46.95% 20.13% 0% 0%
P/E 9.81x 9.13x 6.72x 7.07x 11.1x 14.3x 12.8x 12.1x
PBR 1.26x 1.13x 1.15x 1.12x 1.6x 1.93x 1.89x 1.81x
PEG - 1.95x 0.1x 3.63x -1.82x -2.16x 1.1x 2.19x
Capitalization / Revenue 4.36x 3.74x 3.13x 3.32x 5.25x 6.06x 5.78x 5.55x
EV / Revenue 0x 0x 0x 0x 0x 6.06x 5.78x 5.55x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 10.6x 9.64x 9.11x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 9.25 9.75 15.15 21.7 20.45 24.6 25.49 26.04
Rate of return 5.08% 5.5% 7.45% 9.94% 6.37% 6.37% 6.61% 6.75%
EPS 2 18.56 19.43 30.27 30.86 28.98 27.06 30.2 31.87
Distribution rate 49.8% 50.2% 50% 70.3% 70.6% 90.9% 84.4% 81.7%
Net sales 1 46,890 53,221 73,057 74,104 68,736 71,607 75,017 78,133
EBITDA - - - - - - - -
EBIT 1 26,043 31,806 48,957 48,728 44,203 40,819 44,972 47,580
Net income 1 20,871 21,877 34,128 34,869 32,759 30,575 34,016 35,735
Net Debt - - - - - - - -
Reference price 2 182.10 177.30 203.30 218.30 321.10 385.90 385.90 385.90
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.($)
14.26x - - 6.37% 45.33B
14.19x - - 1.76% 953B
13.4x - - 1.9% 438B
6.38x - - 4.86% 412B
13.06x - - 4% 366B
6.3x - - 4.89% 334B
6.76x - - 4.68% 298B
18.07x - - 2.35% 292B
15.17x - - 2.6% 273B
12.32x - - 2.12% 272B
Average 11.99x 3.55% 368.36B
Weighted average by Cap. 12.04x 3.06%

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