Company Valuation: Heba AB

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 9,453 13,011 5,994 5,854 5,408 5,069
Change - 37.64% -53.93% -2.34% -7.62% -6.26%
Enterprise Value (EV) 1 14,493 19,035 13,585 11,361 11,592 11,679
Change - 31.34% -28.63% -16.37% 2.03% 0.75%
P/E 13.2x 8.82x -44x -8.22x 54.8x 17.1x
PBR 1.54x 1.74x 0.83x 0.91x 0.84x 0.8x
PEG - 0x 0x -0x -0x 0x
Capitalization / Revenue 24x 29x 11.8x 9.73x 9.78x 8.46x
EV / Revenue 36.8x 42.4x 26.7x 18.9x 21x 19.5x
EV / EBITDA 59.9x 68.7x 41.8x 28.1x 32.3x 29.7x
EV / EBIT 60.5x 69.2x 42.1x 28.3x 32.5x 29.9x
EV / FCF -4,141x 73.9x 55.3x 128x 144x 105x
FCF Yield -0.02% 1.35% 1.81% 0.78% 0.69% 0.96%
Dividend per Share 2 0.65 0.8 0.45 0.52 0.52 0.55
Rate of return 1.14% 1.02% 1.24% 1.47% 1.59% 1.79%
EPS 2 4.349 8.934 -0.825 -4.314 0.5977 1.798
Distribution rate 14.9% 8.95% -54.5% -12.1% 87% 30.6%
Net sales 1 393.8 448.8 508.7 601.6 553.1 598.9
EBITDA 1 242.1 277.2 325.2 403.9 358.8 393.9
EBIT 1 239.6 274.9 322.3 401.5 356.2 390.6
Net income 1 718.2 1,475 -136.2 -712.3 98.68 288.5
Net Debt 1 5,040 6,024 7,591 5,508 6,184 6,610
Reference price 2 57.25 78.80 36.30 35.45 32.75 30.70
Nbr of stocks (in thousands) 165,120 165,120 165,120 165,120 165,120 165,120
Announcement Date 3/26/21 A 3/29/22 A 3/24/23 A 3/25/24 A 3/24/25 A 3/23/26 A
1SEK in Million2SEK
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 437M
65.1x - - - 70.32B
9.85x3.8x8.65x-.--% 23.13B
7.55x15.91x18.88x6.67% 18.94B
4.08x0.07x0.13x7.82% 13.92B
8.03x16.54x - 6.58% 8.03B
7.21x0.77x6.34x2.75% 5.48B
-1.3x1.43x-17343.07x-.--% 5.21B
4.68x13.5x19.57x6.12% 4.33B
8.95x0.56x7.09x4.17% 4.15B
Average 12.68x 6.57x -2,468.92x 4.27% 15.39B
Weighted average by Cap. 33.62x 7.16x -1,192.28x 4.17%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA