Company Valuation: NP3 AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 19,736 10,845 13,397 15,391 15,949 13,714 - -
Change - -45.05% 23.53% 14.88% 3.63% -14.02% - -
Enterprise Value (EV) 1 29,943 22,876 25,157 27,881 29,889 29,441 29,535 29,525
Change - -23.6% 9.97% 10.83% 7.21% -1.5% 0.32% -0.03%
P/E - - - 17.6x - 11.8x 13.1x 12.7x
PBR 3.6x 1.69x 2.03x 1.9x 1.8x 1.3x 1.18x 1.08x
PEG - - - - - - -1.35x 4.12x
Capitalization / Revenue 15.9x 6.99x 7.46x 7.73x 7.01x 5.44x 5.13x 4.92x
EV / Revenue 24.2x 14.7x 14x 14x 13.1x 11.7x 11x 10.6x
EV / EBITDA 29.6x 21.2x 19.7x - 18.3x 16.1x 15.1x 14.4x
EV / EBIT - 18.6x 20x 19.4x 17.7x 15.9x 15x 14.4x
EV / FCF - - - - - -49.9x 52.9x 40.9x
FCF Yield - - - - - -2% 1.89% 2.45%
Dividend per Share 2 4.3 5 5.475 5.2 6.4 6.855 7.248 7.613
Rate of return 1.19% 2.52% 2.35% 2.08% 2.47% 3.08% 3.26% 3.42%
EPS 2 - - - 14.17 - 18.84 17.01 17.54
Distribution rate - - - 36.7% - 36.4% 42.6% 43.4%
Net sales 1 1,238 1,551 1,797 1,992 2,274 2,521 2,674 2,785
EBITDA 1 1,013 1,081 1,279 - 1,634 1,832 1,960 2,056
EBIT 1 - 1,232 1,259 1,438 1,684 1,853 1,972 2,053
Net income 1 2,017 1,224 -62 914 1,276 1,299 1,142 1,239
Net Debt 1 10,207 12,031 11,760 12,490 13,940 15,728 15,821 15,812
Reference price 2 362.50 198.60 233.00 250.00 259.00 222.50 222.50 222.50
Nbr of stocks (in thousands) 54,445 54,608 57,497 61,562 61,581 61,635 - -
Announcement Date 2/11/22 A 4/6/23 A 2/9/24 A 2/7/25 A 2/6/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- 11.68x16.07x3.08% 1.36B
59.48x - - - 63.49B
14.08x4.56x12.27x3.6% 40.07B
5.57x0.72x1.48x8.83% 27.24B
8.36x1.48x8.21x4.24% 27.77B
17.75x3.94x15.83x1.38% 27.44B
13.63x3.06x14.66x2.56% 25.21B
9.18x3.48x7.7x-.--% 21.62B
8.03x0.89x3.24x2.78% 20.54B
10.37x2.04x8.39x4.05% 20.85B
Average 16.27x 3.54x 9.76x 3.39% 27.56B
Weighted average by Cap. 22.37x 2.74x 9.40x 3.54%

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