Company Valuation: CellaVision AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,757 5,462 5,057 5,188 3,749 3,244 - -
Change - -29.58% -7.42% 2.59% -27.72% -13.49% - -
Enterprise Value (EV) 1 7,763 5,456 5,000 5,065 3,587 3,028 2,982 2,918
Change - -29.71% -8.37% 1.31% -29.18% -15.58% -1.51% -2.15%
P/E 61.9x 46.2x 38.8x 36.9x 24.5x 23x 18.8x 16.3x
PBR 14.3x 8.51x 7.06x 6.36x 4.22x 3.3x 2.98x 2.68x
PEG - -8.36x 3.8x 4.58x 2.78x -2.98x 0.8x 1.1x
Capitalization / Revenue 13.7x 8.54x 7.47x 7.17x 4.94x 4.22x 3.76x 3.41x
EV / Revenue 13.7x 8.53x 7.38x 7x 4.73x 3.94x 3.46x 3.07x
EV / EBITDA 39.6x 27.5x 24.2x 23.2x 14.9x 13.5x 11.2x 9.68x
EV / EBIT 47.7x 34.5x 29.9x 28.5x 17.8x 16.9x 13.5x 11.5x
EV / FCF 68x 81.1x 45.1x 41.4x 31.4x 28.1x 24.4x 19.7x
FCF Yield 1.47% 1.23% 2.22% 2.42% 3.19% 3.55% 4.09% 5.06%
Dividend per Share 2 2 2 2.25 2.5 2.75 2.75 3.075 3.362
Rate of return 0.62% 0.87% 1.06% 1.15% 1.75% 2.02% 2.26% 2.47%
EPS 2 5.25 4.96 5.46 5.9 6.42 5.924 7.239 8.349
Distribution rate 38.1% 40.3% 41.2% 42.4% 42.8% 46.4% 42.5% 40.3%
Net sales 1 565.6 639.3 677.3 723.2 759 768.9 861.7 950.6
EBITDA 1 196.2 198.4 206.8 218.7 241.4 224.2 266.4 301.5
EBIT 1 162.7 158.3 167.1 177.7 202.1 179.2 220.5 254.4
Net income 1 125.3 118.3 130.3 140.7 153.1 141.2 176.6 206.2
Net Debt 1 6.368 -5.558 -56.94 -122.6 -162.6 -215.7 -261.4 -325.7
Reference price 2 325.20 229.00 212.00 217.50 157.20 136.00 136.00 136.00
Nbr of stocks (in thousands) 23,852 23,852 23,852 23,852 23,852 23,852 - -
Announcement Date 2/4/22 A 2/8/23 A 2/7/24 A 2/6/25 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.($)
22.96x3.94x13.5x2.02% 334M
58.78x4.71x15.73x0.37% 16.08B
33.76x - - 2.4% 1.44B
18.26x2.62x8.81x1.27% 1.09B
-8.62x1.2x5.24x-.--% 940M
55.23x - - 0.81% 561M
44.26x - - - 434M
18.55x2.61x11.17x1.84% 380M
-14.76x - - - 332M
Average 25.38x 3.02x 10.89x 1.24% 2.4B
Weighted average by Cap. 49.35x 4.36x 14.67x 0.6%

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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