Company Valuation: Sagax

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 101,048 78,649 97,299 80,428 71,103 57,517 - -
Change - -22.17% 23.71% -17.34% -11.59% -19.11% - -
Enterprise Value (EV) 1 127,317 109,965 127,614 115,275 109,733 101,835 101,479 100,852
Change - -13.63% 16.05% -9.67% -4.81% -7.2% -0.35% -0.62%
P/E - - - - - 10.5x 9.54x 9.33x
PBR - - - - - 1.17x 1.07x 0.98x
PEG - - - - - - 0.9x 4.15x
Capitalization / Revenue 32.4x 21.1x 22.5x 15.9x 13.2x 10.2x 9.49x 9.19x
EV / Revenue 40.8x 29.5x 29.6x 22.8x 20.3x 18.1x 16.8x 16.1x
EV / EBITDA 52.5x 38.5x 37.9x 28.8x 25.8x 20.6x 19x 18.1x
EV / EBIT 24.8x 30.3x 29.6x 22.5x 20.5x 17.4x 16.5x 15.7x
EV / FCF -56.9x 43.8x 47.9x 51.9x 41.6x -191x 37x 34.1x
FCF Yield -1.76% 2.28% 2.09% 1.93% 2.4% -0.52% 2.7% 2.94%
Dividend per Share 2 - - - - 3.7 3.734 3.92 4.044
Rate of return - - - - 1.89% 2.39% 2.51% 2.59%
EPS 2 - - - - - 14.79 16.36 16.72
Distribution rate - - - - - 25.2% 24% 24.2%
Net sales 1 3,123 3,727 4,318 5,063 5,402 5,642 6,058 6,258
EBITDA 1 2,426 2,858 3,369 4,004 4,254 4,935 5,345 5,580
EBIT 1 5,144 3,624 4,306 5,112 5,362 5,841 6,163 6,405
Net income 1 9,807 2,718 -13 5,255 4,048 4,537 4,314 4,437
Net Debt 1 26,269 31,316 30,315 34,847 38,630 44,318 43,962 43,335
Reference price 2 303.00 239.00 274.00 225.00 196.00 156.00 156.00 156.00
Nbr of stocks (in thousands) 443,915 444,281 464,596 464,686 464,709 494,709 - -
Announcement Date 2/11/22 A 2/17/23 A 2/22/24 A 2/21/25 A 2/9/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 18.05x20.64x2.39% 5.73B
60.56x - - - 64.64B
13.75x4.48x12.05x3.68% 39.14B
8.05x1.45x8.04x4.4% 26.73B
17.28x3.88x15.6x1.42% 26.68B
5.61x0.73x1.51x8.77% 27.43B
13.18x3.02x14.44x2.65% 24.33B
9.11x3.46x7.66x-.--% 21.47B
10.19x2x8.23x4.12% 20.47B
7.95x0.88x3.21x2.81% 20.33B
Average 16.19x 4.22x 10.15x 3.36% 27.7B
Weighted average by Cap. 22.75x 3.05x 9.48x 3.58%

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