Company Valuation: Cloetta AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,562 5,987 5,229 7,209 11,599 14,013 - -
Change - -20.82% -12.67% 37.87% 60.9% 20.81% - -
Enterprise Value (EV) 1 9,241 7,842 7,054 8,819 12,555 14,594 14,251 13,910
Change - -15.13% -10.06% 25.03% 42.37% 16.24% -2.35% -2.4%
P/E 16x 21.7x 12x 15.1x 14.6x 17.6x 16.9x 15.6x
PBR 1.67x 1.19x 1.02x 1.33x 2.03x 2.31x 2.17x 2.02x
PEG - -0.5x 0.2x 1.65x 0.2x ∞x 3.92x 1.97x
Capitalization / Revenue 1.25x 0.87x 0.63x 0.84x 1.36x 1.6x 1.54x 1.48x
EV / Revenue 1.53x 1.14x 0.85x 1.02x 1.47x 1.66x 1.56x 1.47x
EV / EBITDA 11.1x 8.21x 6.41x 7.39x 9.7x 10.5x 9.75x 9.03x
EV / EBIT 16.2x 11.3x 8.83x 9.69x 12.2x 13x 12x 11.1x
EV / FCF 13.9x 25.7x 14.2x 13.1x 13.6x 21.2x 18.5x 17.7x
FCF Yield 7.19% 3.89% 7.03% 7.64% 7.36% 4.72% 5.42% 5.64%
Dividend per Share 2 1 1 1 1 1.4 1.5 1.55 1.6
Rate of return 3.82% 4.79% 5.46% 3.97% 3.46% 3.07% 3.17% 3.27%
EPS 2 1.64 0.96 1.53 1.67 2.78 2.78 2.9 3.13
Distribution rate 61% 104% 65.4% 59.9% 50.4% 54% 53.4% 51.1%
Net sales 1 6,046 6,869 8,301 8,613 8,525 8,777 9,128 9,493
EBITDA 1 832 955 1,100 1,194 1,295 1,395 1,462 1,541
EBIT 1 571 691 799 910 1,033 1,120 1,183 1,257
Net income 1 472 275 437 477 791 801.2 837.7 904.4
Net Debt 1 1,679 1,855 1,825 1,610 956 581.1 238.1 -103.5
Reference price 2 26.20 20.86 18.32 25.20 40.46 48.88 48.88 48.88
Nbr of stocks (in thousands) 288,619 287,029 285,406 286,065 286,683 286,683 - -
Announcement Date 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, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.58x1.66x10.46x3.07% 1.45B
29.5x3.7x17.14x1.96% 26.76B
30.68x0.68x10.29x2.67% 7.48B
13.59x0.88x6.45x2.6% 1.38B
9.75x - - 3.23% 781M
13.09x0.74x6.41x4.22% 426M
Average 19.03x 1.53x 10.15x 2.96% 6.38B
Weighted average by Cap. 28.12x 2.88x 15.00x 2.21%

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