Company Valuation: Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 427,626 387,546 534,513 546,897 601,921 688,015 - -
Change - -9.37% 37.92% 2.32% 10.06% 14.3% - -
Enterprise Value (EV) 1 377,226 326,246 467,813 479,697 553,521 631,090 617,315 606,147
Change - -13.51% 43.39% 2.54% 15.39% 14.01% -2.18% -1.81%
P/E 13x 11.7x 10.7x 10.8x 17.5x 16.6x 13.8x 12.8x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.54x 3.24x 3x
PEG - -62.87x 0.2x 9.45x -0.6x 0.8x 0.7x 1.56x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.4x 1.29x 1.23x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.28x 1.16x 1.08x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 8.13x 6.94x 6.3x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 11.1x 9.22x 8.31x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 19.9x 15.8x 14.6x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.02% 6.33% 6.87%
Dividend per Share 2 13 14 18 18.5 13 15.36 17.97 19.24
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 4.54% 5.31% 5.68%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.4 24.46 26.47
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 75.3% 73.5% 72.7%
Net sales 1 372,216 473,479 552,764 526,816 479,183 492,400 531,454 560,855
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,591 88,979 96,141
EBIT 1 41,015 50,467 77,638 65,718 51,218 56,717 66,928 72,968
Net income 1 32,787 32,722 49,825 50,389 34,456 41,527 51,234 55,645
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -56,925 -70,700 -81,868
Reference price 2 209.65 188.48 261.70 268.60 295.90 338.50 338.50 338.50
Nbr of stocks (in thousands) 2,033,452 2,033,452 2,033,452 2,033,452 2,033,452 2,033,452 - -
Announcement Date 1/28/22 A 1/26/23 A 1/26/24 A 1/29/25 A 1/28/26 A - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.49x0.52x5.65x5.07% 13.87B
12.61x0.36x7.7x5.19% 3.72B
10.02x0.4x2.54x2.66% 2.8B
10.6x0.45x4.61x3.74% 2.12B
10.21x0.26x2.75x4.97% 1.89B
Average 10.99x 0.39x 4.65x 4.33% 4.88B
Weighted average by Cap. 11.32x 0.45x 5.29x 4.69%

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