Company Valuation: NCC AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 18,035 9,636 12,271 15,879 21,526 16,467 - -
Change - -46.57% 27.34% 29.4% 35.56% -23.5% - -
Enterprise Value (EV) 1 20,967 12,636 16,581 17,043 22,691 17,075 16,043 14,275
Change - -39.73% 31.22% 2.79% 33.14% -24.75% -6.04% -11.02%
P/E 12x 9.45x 7.8x 10.1x 152x 11.8x 10.1x 8.9x
PBR 3.09x 1.32x 1.68x 1.83x 2.72x 2.03x 1.76x 1.74x
PEG - -0.4x 0.1x -54.24x -1.7x 0x 0.6x 0.7x
Capitalization / Revenue 0.34x 0.18x 0.22x 0.26x 0.39x 0.3x 0.28x 0.27x
EV / Revenue 0.39x 0.23x 0.29x 0.28x 0.41x 0.31x 0.27x 0.23x
EV / EBITDA 6.69x 4.88x 5.49x 5.16x 7.08x 5.45x 4.96x 3.92x
EV / EBIT 11.5x 9.3x 9.2x 8.39x 11.7x 8.99x 7.59x 6.05x
EV / FCF 11.1x -92.9x 45.9x 4.27x 19.7x 8.12x 10.9x 10.6x
FCF Yield 9.05% -1.08% 2.18% 23.4% 5.07% 12.3% 9.21% 9.47%
Dividend per Share 2 6 6 8 9 - 10.62 10.76 12.17
Rate of return 3.58% 6.17% 6.37% 5.54% - 6.31% 6.39% 7.23%
EPS 2 14.02 10.29 16.11 16.08 1.45 14.32 16.7 18.91
Distribution rate 42.8% 58.3% 49.7% 56% - 74.2% 64.4% 64.3%
Net sales 1 53,414 54,198 56,932 61,609 55,717 55,015 59,802 62,007
EBITDA 1 3,132 2,589 3,021 3,303 3,205 3,132 3,232 3,638
EBIT 1 1,825 1,358 1,802 2,032 1,938 1,900 2,113 2,361
Net income 1 1,508 1,069 1,573 1,571 142 1,402 1,633 1,853
Net Debt 1 2,932 3,000 4,310 1,164 1,165 608 -423.4 -2,192
Reference price 2 167.70 97.25 125.60 162.40 220.20 168.30 168.30 168.30
Nbr of stocks (in thousands) 107,595 97,592 97,662 97,792 97,792 97,792 - -
Announcement Date 2/2/22 A 1/31/23 A 1/30/24 A 2/10/25 A 2/5/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.75x0.31x5.45x6.31% 1.69B
58.08x2.52x24.66x0.08% 84.2B
13.23x1.07x5.84x4.46% 71.12B
26.44x2.02x19.86x1.17% 56.45B
31.36x3.93x21.33x0.22% 53.41B
52.26x4.43x28.27x1.59% 45.38B
29.97x0.73x12.17x2.06% 36.8B
25.63x0.49x7.67x2.38% 32.02B
22.95x1.48x14.24x0.21% 29.89B
4.78x0.3x5.8x5.97% 28.32B
Average 27.64x 1.73x 14.53x 2.45% 43.93B
Weighted average by Cap. 32.18x 2.07x 16.68x 1.85%

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