Company Valuation: Investor AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 711,166 584,130 712,637 895,886 1,009,862 1,229,047 - -
Change - -17.86% 22% 25.71% 12.72% 21.7% - -
Enterprise Value (EV) 1 725,657 594,393 726,575 908,080 1,033,249 1,252,347 1,252,347 1,252,347
Change - -18.09% 22.24% 24.98% 13.78% 21.2% 0% 0%
P/E 3.21x - - - - - - -
PBR 1.07x 0.98x - - - - - -
PEG - - - - - - - -
Capitalization / Revenue 17.5x 11.3x 9.92x 11.8x 15.6x 18x 17.9x 16.6x
EV / Revenue 17.8x 11.5x 10.1x 12x 15.9x 18.4x 18.3x 16.9x
EV / EBITDA 80.7x 55x 41.3x 47.9x 50.5x 78.1x 78.1x -
EV / EBIT 183x 116x 5.47x 7.44x 6.35x 8.11x 24.6x 13.4x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 4 4.4 4.8 5.2 - 6 6.4 6.8
Rate of return 1.68% 2.27% 2.07% 1.78% - 1.5% 1.6% 1.7%
EPS 2 74.41 - - - - - - -
Distribution rate 5.38% - - - - - - -
Net sales 1 40,737 51,812 71,862 75,681 64,826 68,142 68,513 74,214
EBITDA 1 8,997 10,802 17,577 18,963 20,446 16,037 16,037 -
EBIT 1 3,972 5,110 132,744 122,090 162,782 154,448 50,811 93,761
Net income 1 228,065 -74,681 127,045 113,338 157,494 148,466 82,717 88,445
Net Debt 1 14,491 10,263 13,938 12,194 23,387 23,300 23,300 23,300
Reference price 2 238.60 193.85 231.50 292.20 328.70 399.20 399.20 399.20
Nbr of stocks (in thousands) 3,063,178 3,062,872 3,062,660 3,062,896 3,062,899 3,063,530 - -
Announcement Date 1/21/22 A 1/20/23 A 1/19/24 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.($)
11.76x1.22x5.27x2.47% 16.98B
7.84x14.9x - -.--% 15.41B
6.16x9.55x27.86x2.57% 11.96B
Average 8.59x 8.56x 16.57x 1.68% 14.78B
Weighted average by Cap. 8.89x 8.22x 14.61x 1.64%

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

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