Company Valuation: Essity AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 207,509 191,871 175,494 205,499 181,162 189,336 - -
Change - -7.54% -8.54% 17.1% -11.84% 4.51% - -
Enterprise Value (EV) 1 262,942 254,740 229,197 236,268 207,705 218,128 214,440 210,346
Change - -3.12% -10.03% 3.09% -12.09% 5.02% -1.69% -1.91%
P/E 24.1x 34.5x 18.4x 9.91x 14.4x 16.1x 14.1x 13x
PBR 3.46x 2.85x 2.48x 2.34x 2.13x 2.04x 1.92x 1.77x
PEG - -1x 0.3x 0x -0.4x -2.86x 1x 1.64x
Capitalization / Revenue 1.7x 1.23x 1.19x 1.41x 1.31x 1.34x 1.3x 1.27x
EV / Revenue 2.16x 1.63x 1.56x 1.62x 1.5x 1.55x 1.47x 1.41x
EV / EBITDA 13.1x 12.5x 9.16x 8.91x 8.07x 8.82x 8.04x 7.51x
EV / EBIT 20.5x 21.3x 12.9x 12.3x 11.2x 12.4x 11x 10.2x
EV / FCF 36x 43x 18.7x 24.2x 24.8x 20.9x 17.4x 15.8x
FCF Yield 2.78% 2.33% 5.33% 4.14% 4.03% 4.78% 5.74% 6.34%
Dividend per Share 2 7 7.25 7.75 8.25 8.75 9.163 9.726 10.25
Rate of return 2.37% 2.65% 3.1% 2.79% 3.3% 3.28% 3.48% 3.67%
EPS 2 12.27 7.93 13.6 29.83 18.37 17.34 19.85 21.43
Distribution rate 57% 91.4% 57% 27.7% 47.6% 52.9% 49% 47.8%
Net sales 1 121,867 156,173 147,147 145,546 138,494 140,922 146,061 149,478
EBITDA 1 20,040 20,390 25,024 26,517 25,722 24,743 26,685 28,007
EBIT 1 12,828 11,942 17,789 19,234 18,531 17,607 19,492 20,707
Net income 1 8,620 5,567 9,554 20,888 12,656 11,806 13,326 14,304
Net Debt 1 55,433 62,869 53,703 30,769 26,543 28,792 25,103 21,010
Reference price 2 295.40 273.30 250.00 295.70 265.20 279.30 279.30 279.30
Nbr of stocks (in thousands) 702,342 702,342 702,342 694,998 683,049 677,755 - -
Announcement Date 1/26/22 A 1/26/23 A 1/25/24 A 1/23/25 A 1/22/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.52x4.18x15.34x2.92% 340B
19.15x2.89x12.75x3.29% 143B
25.36x3.8x15.97x2.26% 74.81B
43.98x7.08x30.73x2.09% 51.95B
20.77x2.91x12.05x4.29% 38B
81.37x2.41x14.53x1.67% 30.44B
18.95x1.39x8.3x1.25% 20.32B
22.64x1.64x10.45x2.28% 18.88B
45.7x6.61x31.6x1.58% 11.5B
Average 33.27x 3.66x 16.86x 2.4% 80.97B
Weighted average by Cap. 25.85x 3.85x 15.72x 2.8%

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