Company Valuation: Clas Ohlson AB

Data adjusted to current consolidation scope
Fiscal Period: April 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 7,102 4,897 8,490 17,399 25,324 27,282 - -
Change - -31.04% 73.35% 104.94% 45.55% 7.73% - -
Enterprise Value (EV) 1 8,435 6,631 10,158 18,089 25,387 27,223 26,681 25,680
Change - -21.38% 53.18% 78.08% 40.34% 7.23% -1.99% -3.75%
P/E 13.6x 27.1x 16.7x 19.8x 21.8x 19x 17.8x 16.7x
PBR 3.2x 3.41x 4.59x 7.25x 8.03x 7.31x 6.05x 5.12x
PEG - -0.4x 0x 0.3x 0.7x 0.8x 2.45x 2.58x
Capitalization / Revenue 0.81x 0.54x 0.83x 1.5x 2.02x 1.93x 1.82x 1.73x
EV / Revenue 0.96x 0.73x 0.99x 1.56x 2.03x 1.92x 1.78x 1.63x
EV / EBITDA 5.73x 6.15x 6.31x 9.43x 11.3x 11.4x 9.44x 8.68x
EV / EBIT 11.7x 21.7x 14.2x 15.4x 16.6x 14.5x 13.3x 12.2x
EV / FCF 10.2x - - 16.2x 20x 21.8x 16.2x 15x
FCF Yield 9.82% - - 6.16% 5% 4.59% 6.17% 6.69%
Dividend per Share 2 6.75 1.5 4.25 7 14 12.19 13.01 16.38
Rate of return 6.02% 1.94% 3.17% 2.55% 3.51% 2.84% 3.03% 3.82%
EPS 2 8.25 2.85 8.03 13.82 18.29 22.53 24.17 25.73
Distribution rate 81.8% 52.6% 52.9% 50.7% 76.5% 54.1% 53.8% 63.6%
Net sales 1 8,784 9,024 10,232 11,627 12,514 14,160 15,009 15,755
EBITDA 1 1,473 1,078 1,609 1,919 2,247 2,378 2,825 2,957
EBIT 1 719.4 305 717 1,171 1,527 1,873 2,008 2,112
Net income 1 522.5 181 509 882.2 1,169 1,443 1,558 1,643
Net Debt 1 1,333 1,734 1,668 690.6 63.4 -58.85 -600.6 -1,602
Reference price 2 112.10 77.30 134.00 274.20 398.40 429.20 429.20 429.20
Nbr of stocks (in thousands) 63,351 63,357 63,357 63,453 63,564 63,564 - -
Announcement Date 6/8/22 A 6/8/23 A 6/5/24 A 6/12/25 A 6/3/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.05x1.92x11.45x2.84% 2.75B
20.17x2.02x13.51x3.22% 293B
15.92x1.53x10.91x2.6% 106B
12.83x0.56x5.28x3.79% 7.16B
18.61x2.29x8.97x6.22% 3B
13.36x1.45x8.23x6.14% 2.39B
13.94x - - - 2.13B
8.97x0.39x4.96x3.01% 1.51B
12.72x - - 3.17% 1.4B
Average 15.06x 1.45x 9.04x 3.87% 46.56B
Weighted average by Cap. 18.81x 1.86x 12.59x 3.11%

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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