Company Valuation: AB Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 427,626 387,546 534,513 546,897 601,921 715,687 - -
Change - -9.37% 37.92% 2.32% 10.06% 18.9% - -
Enterprise Value (EV) 1 377,226 326,246 467,813 479,697 553,521 660,875 648,400 637,834
Change - -13.51% 43.39% 2.54% 15.39% 19.39% -1.89% -1.63%
P/E 13x 11.7x 10.7x 10.8x 17.5x 17.1x 14.1x 13.1x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.62x 3.34x 3.09x
PEG - -62.87x 0.2x 9.45x -0.6x 0.8x 0.7x 1.65x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.44x 1.32x 1.26x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.33x 1.2x 1.12x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 8.48x 7.22x 6.6x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 11.4x 9.62x 8.65x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 19.4x 15.8x 14.5x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.15% 6.32% 6.88%
Dividend per Share 2 13 14 18 18.5 13 15.49 18.31 19.58
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 4.4% 5.2% 5.56%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.61 24.94 26.92
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 75.2% 73.4% 72.7%
Net sales 1 372,216 473,479 552,764 526,816 479,183 497,225 540,812 569,882
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,903 89,781 96,681
EBIT 1 41,015 50,467 77,638 65,718 51,218 57,782 67,427 73,734
Net income 1 32,787 32,722 49,825 50,389 34,456 41,832 51,692 55,783
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -54,812 -67,287 -77,853
Reference price 2 209.65 188.48 261.70 268.60 295.90 352.00 352.00 352.00
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 1/28/22 A 1/26/23 A 1/26/24 A 1/29/25 A 1/28/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.86x1.31x8.37x4.45% 73.04B
11.27x0.5x5.44x5.17% 13.61B
12.84x0.36x7.85x5.1% 3.79B
10.54x0.42x2.72x2.57% 2.94B
11.14x0.48x4.96x3.56% 2.23B
10.87x0.29x3.14x4.67% 2.01B
Average 12.25x 0.56x 5.41x 4.25% 16.27B
Weighted average by Cap. 15.48x 1.09x 7.58x 4.5%

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