Company Valuation: JM AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,051 11,352 11,450 10,766 8,986 7,392 - -
Change - -59.53% 0.86% -5.97% -16.54% -17.73% - -
Enterprise Value (EV) 1 32,454 17,997 25,817 21,998 19,189 20,234 22,039 24,364
Change - -44.55% 43.45% -14.79% -12.77% 5.45% 8.92% 10.55%
P/E 15.8x 7.35x 26.5x 43.6x 144x 21.5x 11.7x 8.37x
PBR 3.37x 1.27x 1.37x 1.32x 1.13x 0.9x 0.85x 0.8x
PEG - -0.76x -0.4x -1x -1.9x 0x 0.1x 0.2x
Capitalization / Revenue 1.92x 0.69x 0.83x 0.86x 0.9x 0.63x 0.56x 0.5x
EV / Revenue 2.22x 1.1x 1.86x 1.76x 1.92x 1.72x 1.68x 1.65x
EV / EBITDA 13.9x 8.9x 17.1x 31.8x 58.9x 34x 22.8x 19x
EV / EBIT 14.6x 8.72x 35.3x 41.4x 64.6x 35.1x 23x 19.2x
EV / FCF -33.2x - 24.5x 6.47x 385x 50.8x 120x 48.2x
FCF Yield -3.01% - 4.09% 15.5% 0.26% 1.97% 0.83% 2.08%
Dividend per Share 2 13.5 14 3 3.25 2 2.625 4.75 7
Rate of return 3.3% 8.13% 1.69% 1.95% 1.44% 2.29% 4.14% 6.11%
EPS 2 25.9 23.4 6.7 3.83 0.97 5.328 9.822 13.69
Distribution rate 52.1% 59.8% 44.8% 84.9% 206% 49.3% 48.4% 51.1%
Net sales 1 14,608 16,385 13,851 12,507 9,981 11,747 13,125 14,748
EBITDA 1 2,329 2,021 1,510 692 326 595.5 965.3 1,280
EBIT 1 2,216 2,064 732 531 297 576.7 958.3 1,272
Net income 1 1,798 1,575 433 246 63 356 636.3 884.9
Net Debt 1 4,403 6,645 14,367 11,232 10,203 12,842 14,646 16,972
Reference price 2 408.60 172.10 177.50 166.90 139.30 114.60 114.60 114.60
Nbr of stocks (in thousands) 68,652 65,961 64,505 64,505 64,505 64,505 - -
Announcement Date 2/2/22 A 2/1/23 A 1/30/24 A 1/31/25 A 1/30/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.51x1.72x33.98x2.29% 770M
14.75x1.4x10.75x1.15% 44.22B
12.54x1.45x8.64x0.8% 23.93B
10.25x0.89x8.23x4.1% 16.47B
11.91x1.45x8.65x0.67% 14.2B
9.5x0.8x8.64x4.48% 12.99B
13.63x1.14x9.37x-.--% 6.69B
12.72x0.78x6.26x3.32% 6.18B
8.91x0.75x10.43x3.81% 4.99B
10.77x0.54x5.34x5.36% 4.94B
Average 12.65x 1.09x 11.03x 2.6% 13.54B
Weighted average by Cap. 12.54x 1.20x 9.30x 2.02%

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

-40%: Exceptional extension
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