Company Valuation: AAK AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 42,399 50,485 46,163 58,349 81,917 64,539 64,539 -
Change - 19.07% -8.56% 26.4% 40.39% -21.21% 0% -
Enterprise Value (EV) 1 45,137 54,302 51,870 60,774 83,613 72,065 67,754 66,867
Change - 20.31% -4.48% 17.17% 37.58% -13.81% 0.64% -1.31%
P/E ratio 27.3x 35.1x 26x 19.8x 23.2x 20x 16.8x 15.3x
PBR 4.37x 4.28x 3.07x 3.41x 4.08x 3.45x 3.07x 2.76x
PEG - -4.26x 1.1x 0.3x 1.2x -6.64x 1.5x 1.57x
Capitalization / Revenue 1.52x 1.42x 0.92x 1.27x 1.82x 1.49x 1.37x 1.31x
EV / Revenue 1.62x 1.53x 1.03x 1.32x 1.86x 1.57x 1.44x 1.36x
EV / EBITDA 15.4x 17.8x 15.5x 12.2x 14.5x 13x 11.1x 10.2x
EV / EBIT 20.8x 22.7x 20.4x 14.8x 17.1x 15.4x 13x 11.9x
EV / FCF 35.2x -489x -39.9x 14.9x 75.5x -163x 21.7x 22.7x
FCF Yield 2.84% -0.2% -2.5% 6.7% 1.32% -0.61% 4.61% 4.4%
Dividend per Share 2 2.3 2.5 2.75 3.7 5 9.35 5.94 6.436
Rate of return 1.39% 1.28% 1.55% 1.65% 1.58% 3.54% 2.4% 2.6%
EPS 2 6.07 5.57 6.84 11.35 13.62 13.21 14.71 16.15
Distribution rate 37.9% 44.9% 40.2% 32.6% 36.7% 70.8% 40.4% 39.9%
Net sales 1 27,934 35,452 50,425 46,028 45,052 46,021 47,091 49,091
EBITDA 1 2,922 3,047 3,337 4,993 5,758 5,557 6,129 6,545
EBIT 1 2,165 2,393 2,538 4,116 4,896 4,675 5,225 5,608
Net income 1 1,563 1,437 1,770 2,946 3,536 3,429 3,851 4,192
Net Debt 1 2,738 3,817 5,707 2,425 1,696 3,358 3,214 2,328
Reference price 2 166.00 195.30 177.85 224.80 315.60 247.60 247.60 247.60
Nbr of stocks (in thousands) 255,414 258,501 259,559 259,559 259,559 260,659 260,659 -
Announcement Date 1/28/21 A 2/4/22 A 2/2/23 A 2/7/24 A 2/5/25 A 2/5/26 A - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.69x1.46x11.61x2.13% 6.98B
19.62x2.13x9.9x2.75% 10.44B
18.61x2.46x14.01x2.68% 6.73B
10.23x2.49x6.11x6.02% 3.45B
16.57x2.39x8.8x3.93% 2.63B
10.04x3.28x7.87x8.47% 2.14B
10.98x2.36x5.36x2.73% 1.22B
94.71x6.27x27.82x1.25% 1.22B
Average 24.93x 2.85x 11.44x 3.75% 4.35B
Weighted average by Cap. 19.82x 2.34x 10.92x 3.32%

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