Company Valuation: Afry AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,869 19,355 15,821 17,407 16,988 11,710 - -
Change - -32.96% -18.26% 10.02% -2.41% -31.07% - -
Enterprise Value (EV) 1 32,434 19,355 22,663 23,542 22,309 17,068 16,486 15,908
Change - -40.33% 17.09% 3.88% -5.24% -23.49% -3.41% -3.51%
P/E 25.6x 19.9x 14.4x 14.2x 21.2x 10.9x 8.21x 7.53x
PBR 2.63x - 1.27x 1.33x 1.34x 0.88x 0.83x 0.8x
PEG - -1.4x 1.1x 1.2x -0.6x 0.3x 0.3x 0.83x
Capitalization / Revenue 1.44x 0.82x 0.59x 0.64x 0.66x 0.46x 0.44x 0.42x
EV / Revenue 1.61x 0.82x 0.84x 0.87x 0.87x 0.68x 0.62x 0.58x
EV / EBITDA 13.7x 7.96x 8.34x 8.28x 10.1x 6.7x 5.63x 5.21x
EV / EBIT 21.3x 13.4x 12.7x 12.1x 16.1x 10.2x 7.92x 7.13x
EV / FCF 22.4x - 13.8x 12.5x 10.5x 12x 10.4x 9.01x
FCF Yield 4.46% - 7.27% 8.02% 9.56% 8.37% 9.65% 11.1%
Dividend per Share 2 5.5 - 5.5 6 6 6.04 7.593 8.458
Rate of return 2.16% - 3.94% 3.9% 4% 5.84% 7.34% 8.18%
EPS 2 9.973 8.603 9.71 10.85 7.07 9.495 12.59 13.73
Distribution rate 55.1% - 56.6% 55.3% 84.9% 63.6% 60.3% 61.6%
Net sales 1 20,104 23,552 26,978 27,160 25,758 25,248 26,525 27,612
EBITDA 1 2,359 2,430 2,718 2,842 2,219 2,547 2,927 3,056
EBIT 1 1,523 1,444 1,779 1,941 1,387 1,674 2,082 2,233
Net income 1 1,129 974 1,100 1,229 800 1,075 1,425 1,555
Net Debt 1 3,565 - 6,842 6,135 5,321 5,358 4,776 4,198
Reference price 2 255.00 170.90 139.70 153.70 150.00 103.40 103.40 103.40
Nbr of stocks (in thousands) 113,212 113,252 113,252 113,252 113,252 113,252 - -
Announcement Date 2/4/22 A 2/10/23 A 2/2/24 A 2/7/25 A 2/5/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.89x0.68x6.7x5.84% 1.2B
44.3x7.91x28.56x0.81% 86.64B
41.03x4.74x15.48x1.11% 21.46B
31.26x1.3x13x1.04% 16.05B
20.62x2.26x11.19x3.4% 14.78B
25.19x2.83x12.16x2.97% 11.89B
23.93x3.36x12.91x2.42% 7.47B
15.45x0.67x9.61x1.36% 7.04B
10.35x1.18x6.24x2.04% 6.22B
45.82x2.07x16.16x0.45% 5.45B
Average 26.88x 2.70x 13.20x 2.14% 17.82B
Weighted average by Cap. 36.13x 5.19x 20.34x 1.38%

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