Company Valuation: Micro Systemation AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 709.2 771.1 1,188 860.6 1,145 1,681 - -
Change - 8.72% 54.01% -27.53% 33.05% 46.77% - -
Enterprise Value (EV) 1 653.2 722.2 1,100 767.5 1,002 1,591 1,540 1,469
Change - 10.56% 52.34% -30.23% 30.52% 58.78% -3.2% -4.61%
P/E 20.3x 46.9x 39.7x 23x 23.3x 26x 20.4x 15.8x
PBR 8x 7.48x 10.3x 6.6x 7.63x 9.51x 7.4x 5.72x
PEG - -0.9x 0.5x 0.9x 0.8x 0.8x 0.7x 0.5x
Capitalization / Revenue 2.13x 2.12x 2.85x 2.13x 2.48x 3.11x 2.74x 2.44x
EV / Revenue 1.96x 1.99x 2.64x 1.9x 2.17x 2.94x 2.51x 2.13x
EV / EBITDA 11.5x 22.6x 19.6x 12.6x 11.7x 14.2x 11.2x 8.64x
EV / EBIT 14.7x 38.4x 26.9x 16.6x 14.8x 18.2x 14x 10.4x
EV / FCF 65.3x 15x 14.8x 19.1x 13.9x 29.8x 15.9x 12.1x
FCF Yield 1.53% 6.66% 6.76% 5.24% 7.21% 3.36% 6.29% 8.27%
Dividend per Share 2 - 1.5 1.5 1.5 1.6 1.6 1.8 2.15
Rate of return - 3.59% 2.33% 3.22% 2.58% 1.76% 1.98% 2.36%
EPS 2 1.89 0.89 1.62 2.03 2.66 3.5 4.465 5.77
Distribution rate - 169% 92.6% 73.9% 60.2% 45.7% 40.3% 37.3%
Net sales 1 333 363 416.9 404.7 461.8 541 613.5 688
EBITDA 1 56.7 31.9 56.1 60.9 85.6 112 137 170
EBIT 1 44.3 18.8 40.9 46.3 67.8 87.25 109.9 141.1
Net income 1 34.8 17.1 30 37.4 49.2 63.9 82.3 106
Net Debt 1 -56 -48.9 -87.4 -93.1 -143.3 -90.1 -141 -212
Reference price 2 38.40 41.75 64.30 46.60 62.00 91.00 91.00 91.00
Nbr of stocks (in thousands) 18,468 18,468 18,468 18,468 18,468 18,468 - -
Announcement Date 1/27/22 A 1/27/23 A 1/25/24 A 1/28/25 A 1/27/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26x2.94x14.2x1.76% 169M
32.56x7.63x24.22x-.--% 30.29B
19.19x1.79x10.37x1.75% 7.41B
271.93x - - - 3.48B
47.83x3.03x18.51x1.34% 3.32B
17.96x2.08x11.04x1.69% 2.38B
41.36x9.8x38.63x1.08% 1.87B
39.93x7.3x28.47x0.22% 1.36B
362.75x - - - 958M
Average 95.50x 4.94x 20.78x 1.12% 5.69B
Weighted average by Cap. 53.87x 6.16x 21.61x 0.51%

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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