Company Valuation: Cloetta AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 7,077 7,562 5,987 5,229 7,209 14,391 14,391 -
Change - 6.85% -20.82% -12.67% 37.87% 99.64% 0% -
Enterprise Value (EV) 1 9,160 9,241 7,842 7,054 8,819 15,649 15,028 14,752
Change - 0.88% -15.13% -10.06% 25.03% 77.45% -3.97% -1.84%
P/E ratio 25x 16x 21.7x 12x 15.1x 14.6x 19.9x 19.5x
PBR 1.69x 1.67x 1.19x 1.02x 1.33x 2.53x 2.4x 2.28x
PEG - 0.2x -0.5x 0.2x 1.65x 0.2x -16.18x 9.83x
Capitalization / Revenue 1.24x 1.25x 0.87x 0.63x 0.84x 1.36x 1.67x 1.64x
EV / Revenue 1.61x 1.53x 1.14x 0.85x 1.02x 1.82x 1.74x 1.68x
EV / EBITDA 11.6x 11.1x 8.21x 6.41x 7.39x 12.4x 10.9x 10.5x
EV / EBIT 17.8x 16.2x 11.3x 8.83x 9.69x 15.7x 13.6x 13.2x
EV / FCF 25x 13.9x 25.7x 14.2x 13.1x 25.4x 23.5x 20.9x
FCF Yield 4% 7.19% 3.89% 7.03% 7.64% 3.94% 4.25% 4.78%
Dividend per Share 2 0.75 1 1 1 1 1.3 1.5 1.55
Rate of return 3.06% 3.82% 4.79% 5.46% 3.97% 2.59% 2.99% 3.09%
EPS 2 0.98 1.64 0.96 1.53 1.67 2.78 2.52 2.57
Distribution rate 76.5% 61% 104% 65.4% 59.9% 51% 59.5% 60.3%
Net sales 1 5,695 6,046 6,869 8,301 8,613 8,525 8,615 8,785
EBITDA 1 792 832 955 1,100 1,194 1,295 1,384 1,401
EBIT 1 515 571 691 799 910 1,033 1,105 1,117
Net income 1 281 472 275 437 477 791 728.5 740.7
Net Debt 1 2,083 1,679 1,855 1,825 1,610 1,258 636.8 361
Reference price 2 24.52 26.20 20.86 18.32 25.20 50.20 50.20 50.20
Nbr of stocks (in thousands) 288,619 288,619 287,029 285,406 286,065 286,683 286,683 -
Announcement Date 1/28/21 A 1/28/22 A 1/27/23 A 1/26/24 A 1/29/25 A 2/4/26 A - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.68x1.82x12.35x2.59% 1.61B
39.62x4.89x22.76x1.3% 36.64B
26.7x0.81x11.33x2.1% 9.96B
12.57x0.93x6.54x2.36% 1.51B
7.23x - - 2.94% 477M
16.39x0.78x7.44x3.61% 457M
Average 20.37x 1.85x 12.08x 2.48% 8.44B
Weighted average by Cap. 35.13x 3.83x 19.53x 1.57%

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