Company Valuation: Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 427,626 387,546 534,513 546,897 601,921 660,059 - -
Change - -9.37% 37.92% 2.32% 10.06% 9.66% - -
Enterprise Value (EV) 1 377,226 326,246 467,813 479,697 553,521 602,152 588,799 577,958
Change - -13.51% 43.39% 2.54% 15.39% 8.79% -2.22% -1.84%
P/E 13x 11.7x 10.7x 10.8x 17.5x 15.7x 13.3x 12.3x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.38x 3.11x 2.89x
PEG - -62.87x 0.2x 9.45x -0.6x 0.7x 0.7x 1.6x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.35x 1.25x 1.19x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.23x 1.12x 1.04x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 7.77x 6.66x 6.06x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 10.6x 8.82x 7.96x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 18.3x 14.9x 14x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.46% 6.72% 7.12%
Dividend per Share 2 13 14 18 18.5 13 15.39 17.97 19.15
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 4.74% 5.54% 5.9%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.73 24.46 26.35
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 74.2% 73.5% 72.7%
Net sales 1 372,216 473,479 552,764 526,816 479,183 490,349 527,244 556,600
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,502 88,396 95,433
EBIT 1 41,015 50,467 77,638 65,718 51,218 56,948 66,785 72,606
Net income 1 32,787 32,722 49,825 50,389 34,456 42,434 51,058 55,015
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -57,907 -71,259 -82,101
Reference price 2 209.65 188.48 261.70 268.60 295.90 324.60 324.60 324.60
Nbr of stocks (in thousands) 2,033,452 2,033,452 2,033,452 2,033,452 2,033,452 2,033,452 - -
Announcement Date 28/01/22 26/01/23 26/01/24 29/01/25 28/01/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.64x0.51x5.6x5% 13.92B
11.05x0.31x6.65x5.93% 3.25B
9.56x0.37x2.39x2.8% 2.65B
10.75x0.46x4.71x3.69% 2.14B
10.15x0.25x2.72x5% 1.87B
Average 10.63x 0.38x 4.41x 4.48% 4.77B
Weighted average by Cap. 11.13x 0.44x 5.08x 4.76%

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