Company Valuation: Alfa Laval AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 151,398 124,453 166,736 191,205 192,486 227,495 - -
Change - -17.8% 33.98% 14.68% 0.67% 18.19% - -
Enterprise Value (EV) 1 156,286 136,401 176,347 195,915 205,665 238,033 234,028 228,986
Change - -12.72% 29.29% 11.1% 4.98% 15.74% -1.68% -2.15%
P/E 32x 27.6x 26.3x 25.9x 23.3x 25.8x 22.2x 20.3x
PBR 4.75x 3.52x 4.5x 4.56x 4.43x 4.64x 4.11x 3.66x
PEG - -6.41x 0.6x 1.5x 2x 3.92x 1.4x 2.14x
Capitalization / Revenue 3.7x 2.39x 2.62x 2.86x 2.76x 3.09x 2.78x 2.58x
EV / Revenue 3.82x 2.62x 2.77x 2.93x 2.95x 3.23x 2.86x 2.6x
EV / EBITDA 18.8x 14.1x 15x 15.2x 14.4x 15.8x 13.8x 12.4x
EV / EBIT 25.5x 20.9x 17.3x 17.7x 16.7x 18.2x 15.8x 14.4x
EV / FCF 38.7x 94.9x 26.2x 22.2x 31.6x 34.3x 27.6x 23.4x
FCF Yield 2.58% 1.05% 3.82% 4.5% 3.16% 2.92% 3.62% 4.27%
Dividend per Share 2 6 6 7.5 8.5 9 9.692 10.73 11.68
Rate of return 1.65% 1.99% 1.86% 1.84% 1.93% 1.76% 1.95% 2.12%
EPS 2 11.38 10.89 15.31 17.88 20.01 21.33 24.78 27.14
Distribution rate 52.7% 55.1% 49% 47.5% 45% 45.4% 43.3% 43%
Net sales 1 40,911 52,135 63,598 66,954 69,674 73,702 81,909 88,097
EBITDA 1 8,305 9,678 11,780 12,853 14,252 15,069 16,978 18,395
EBIT 1 6,126 6,519 10,221 11,089 12,334 13,045 14,781 15,893
Net income 1 4,759 4,503 6,330 7,391 8,272 8,808 10,174 11,120
Net Debt 1 4,888 11,948 9,611 4,710 13,179 10,539 6,533 1,492
Reference price 2 364.40 301.10 403.40 462.60 465.70 550.40 550.40 550.40
Nbr of stocks (in thousands) 415,473 413,326 413,326 413,326 413,326 413,326 - -
Announcement Date 2/2/22 A 2/2/23 A 2/6/24 A 2/5/25 A 2/2/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.94x5.4x19.57x0.83% 122B
34.27x5.39x20.43x1.57% 95.53B
43.8x8.88x25.99x-.--% 63.65B
27.61x3.16x18.24x0.75% 60.37B
39.79x6.19x27.32x1.95% 57.63B
27.75x5.12x17.94x2.17% 36.3B
20.65x1.76x12.72x2.27% 30.05B
29.77x3.97x14.98x0.11% 29.2B
21.04x3.65x11.66x1.45% 29.31B
Average 30.62x 4.83x 18.76x 1.23% 58.2B
Weighted average by Cap. 32.27x 5.24x 20.00x 1.15%

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