Company Valuation: Trelleborg AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 64,461 61,984 82,199 87,992 88,518 101,734 - -
Change - -3.84% 32.61% 7.05% 0.6% 14.93% - -
Enterprise Value (EV) 1 72,828 83,213 79,950 94,391 95,624 109,276 108,961 107,952
Change - 14.26% -3.92% 18.06% 1.31% 14.28% -0.29% -0.93%
P/E 17.3x 12.1x 8.39x 24.1x 24.9x 24.3x 20.7x 18.7x
PBR 1.95x 1.65x 1.97x 2.12x 2.42x 2.67x 2.51x 2.34x
PEG - 0.3x 0x -0.4x 130.56x 1.3x 1.2x 1.7x
Capitalization / Revenue 1.9x 2.06x 2.4x 2.58x 2.58x 2.8x 2.61x 2.5x
EV / Revenue 2.15x 2.77x 2.33x 2.76x 2.79x 3.01x 2.8x 2.66x
EV / EBITDA 10.6x 12.9x 10.9x 12.5x 12.2x 13.1x 11.7x 11x
EV / EBIT 14.1x 16.4x 14.5x 16.8x 16.8x 17.2x 15.4x 14.3x
EV / FCF 21.4x 31.8x 22.4x 29.6x 26.5x 29.6x 22.1x 19.3x
FCF Yield 4.67% 3.15% 4.47% 3.38% 3.78% 3.38% 4.53% 5.17%
Dividend per Share 2 5.5 6 6.75 7.5 8 8.575 9.418 10.06
Rate of return 2.31% 2.49% 2% 1.98% 2.04% 1.88% 2.06% 2.2%
EPS 2 13.71 19.94 40.24 15.73 15.76 18.8 22.05 24.51
Distribution rate 40.1% 30.1% 16.8% 47.7% 50.8% 45.6% 42.7% 41%
Net sales 1 33,864 30,095 34,286 34,170 34,329 36,359 38,920 40,656
EBITDA 1 6,864 6,475 7,368 7,549 7,808 8,364 9,280 9,826
EBIT 1 5,151 5,066 5,518 5,602 5,706 6,343 7,078 7,566
Net income 1 3,716 5,260 10,075 3,736 3,596 4,195 4,856 5,321
Net Debt 1 8,367 21,229 -2,249 6,399 7,106 7,542 7,227 6,218
Reference price 2 237.80 240.80 337.60 378.60 392.70 457.20 457.20 457.20
Nbr of stocks (in thousands) 271,072 257,409 243,479 232,413 225,409 222,516 - -
Announcement Date 2/4/22 A 1/27/23 A 2/2/24 A 1/28/25 A 1/29/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.32x3.01x13.06x1.88% 10.16B
31.02x5.4x19.55x0.83% 122B
34.67x5.45x20.65x1.55% 96.9B
42.25x8.56x25.06x-.--% 61.4B
26.92x3.08x17.81x0.77% 58.81B
39.58x6.16x27.17x1.96% 57.33B
26.77x4.92x17.21x2.25% 34.98B
30.18x4.03x15.22x0.11% 29.67B
20.39x1.74x12.55x2.3% 29.67B
20.22x3.48x11.13x1.51% 28.14B
Average 29.63x 4.58x 17.94x 1.32% 52.94B
Weighted average by Cap. 31.84x 5.14x 19.66x 1.17%

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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