Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 360,587 - -
Change - -38.58% 3.04% 42.39% 0.82% 19.41% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 309,610 301,101 291,952
Change - -36.08% 11.82% 32.33% -1.1% 11.36% -2.75% -3.04%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 19.8x 16.7x 15.7x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.26x 3.04x 2.83x
PEG - -0.6x 0x -90x 0x -0.6x 0.9x 2.51x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.59x 1.56x 1.53x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.36x 1.3x 1.24x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 8.25x 7.9x 7.36x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 10.5x 9.57x 9.08x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 13.2x 12.3x 11.5x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 7.6% 8.15% 8.71%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.103 3.243 3.427
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.86% 2.99% 3.16%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.469 6.503 6.911
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 56.7% 49.9% 49.6%
Net sales 1 232,314 271,546 263,351 247,880 236,681 226,990 230,831 235,679
EBITDA 1 41,298 37,962 30,084 50,358 50,212 37,507 38,097 39,664
EBIT 1 32,300 27,419 18,093 24,658 40,971 29,525 31,465 32,153
Net income 1 23,000 18,724 -26,446 20 28,428 18,750 21,530 22,330
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -50,977 -59,486 -68,635
Reference price 2 99.79 60.90 63.11 89.88 90.60 108.45 108.45 108.45
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,323,585 - -
Announcement Date 1/25/22 A 1/20/23 A 1/23/24 A 1/24/25 A 1/23/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.74x7.65x19.76x1.39% 469B
25.14x1x18.1x1.86% 225B
49.16x15.33x38.58x0.22% 217B
49.12x16.66x34.89x-.--% 208B
48.61x3.13x20.22x1.23% 77.81B
29.93x5.7x16.69x1.2% 65.9B
93.12x10.85x50.07x-.--% 68.61B
174.51x22.46x65.95x-.--% 67.06B
24.83x5.36x18.54x1.75% 45.4B
Average 59.02x 9.79x 31.42x 0.85% 160.44B
Weighted average by Cap. 47.62x 9.51x 27.94x 0.95%

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