Company Valuation: Arjo AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 30,179 10,606 10,731 9,876 8,721 7,507 - -
Change - -64.86% 1.18% -7.97% -11.69% -13.93% - -
Enterprise Value (EV) 1 34,520 15,650 15,051 14,067 12,976 11,674 11,443 11,113
Change - -54.66% -3.83% -6.54% -7.75% -10.03% -1.98% -2.89%
P/E 40.7x 23.7x 22.4x 19.8x 26x 14.8x 12.9x 11.2x
PBR 4.38x 1.39x 1.42x 1.18x 1.17x 0.95x 0.92x 0.87x
PEG - -0.6x 3.06x 4.98x -0.8x 0.3x 0.9x 0.7x
Capitalization / Revenue 3.33x 1.06x 0.98x 0.87x 0.79x 0.67x 0.65x 0.62x
EV / Revenue 3.81x 1.57x 1.37x 1.25x 1.18x 1.05x 0.99x 0.92x
EV / EBITDA 16.7x 8.5x 7.46x 6.74x 6.75x 5.98x 5.57x 5.09x
EV / EBIT 30.9x 20.5x 15.7x 13.8x 15.6x 13.4x 12.1x 10.4x
EV / FCF 32.6x 447x 10.3x 15x 17.1x 15.3x 14.3x 12.6x
FCF Yield 3.07% 0.22% 9.68% 6.65% 5.83% 6.54% 6.99% 7.96%
Dividend per Share 2 1.15 0.85 0.9 0.95 0.95 0.92 0.976 1.092
Rate of return 1.04% 2.18% 2.28% 2.62% 2.97% 3.34% 3.54% 3.96%
EPS 2 2.72 1.64 1.76 1.83 1.23 1.864 2.13 2.468
Distribution rate 42.3% 51.8% 51.1% 51.9% 77.2% 49.4% 45.8% 44.2%
Net sales 1 9,070 9,979 10,980 11,292 11,000 11,139 11,612 12,058
EBITDA 1 2,072 1,841 2,017 2,086 1,922 1,952 2,053 2,183
EBIT 1 1,116 765 957 1,019 831 871.5 947.3 1,064
Net income 1 742 447 480 498 334 508.1 580 672.1
Net Debt 1 4,341 5,044 4,320 4,191 4,255 4,168 3,937 3,607
Reference price 2 110.80 38.94 39.40 36.26 32.02 27.56 27.56 27.56
Nbr of stocks (in thousands) 272,370 272,370 272,370 272,370 272,370 272,370 - -
Announcement Date 2/3/22 A 1/25/23 A 1/30/24 A 1/14/25 A 1/30/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.78x1.05x5.98x3.34% 775M
28.88x3.99x15.42x2.52% 176B
19.24x3.52x12.58x3.12% 116B
17.61x0.2x12.86x0.74% 61.36B
27.83x6.83x17.6x1.44% 49.42B
34.27x3.34x11.43x2.21% 48.44B
33.28x5.85x18.35x-.--% 31.33B
42x1.24x11.46x0.22% 28.56B
40.38x7.07x25.37x0.26% 24.37B
16.74x2.67x9.46x1.65% 21.57B
Average 27.50x 3.58x 14.05x 1.55% 55.86B
Weighted average by Cap. 26.94x 3.71x 14.55x 1.94%

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

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