Financials Svenska Cellulosa Aktiebolaget SCA

Equities

SCA B

SE0000112724

Paper Products

Market Closed - Nasdaq Stockholm 11:29:42 2024-04-29 am EDT 5-day change 1st Jan Change
161 SEK +1.42% Intraday chart for Svenska Cellulosa Aktiebolaget SCA +4.11% +6.52%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 67,039 100,923 112,944 92,768 106,040 113,084 - -
Enterprise Value (EV) 1 75,636 108,594 120,696 102,757 116,805 124,907 123,644 124,578
P/E ratio 4.3 x 131 x 18.5 x 13.6 x 28.9 x 26.3 x 21.7 x 19.7 x
Yield - 1.4% 1.4% 1.89% 1.82% 1.9% 2.13% 2.28%
Capitalization / Revenue 3.42 x 5.48 x 6 x 4.46 x 5.86 x 5.56 x 5.15 x 4.86 x
EV / Revenue 3.86 x 5.9 x 6.41 x 4.94 x 6.46 x 6.14 x 5.63 x 5.35 x
EV / EBITDA 14.2 x 24.5 x 13.3 x 10.1 x 17.2 x 15.7 x 13.8 x 12.8 x
EV / FCF 75 x 94.7 x 114 x 165 x 122 x 63.2 x 36.7 x 29.6 x
FCF Yield 1.33% 1.06% 0.87% 0.61% 0.82% 1.58% 2.73% 3.37%
Price to Book 0.97 x 1.39 x 1.36 x 0.96 x 1.02 x 1.06 x 1.04 x 1.01 x
Nbr of stocks (in thousands) 702,342 702,342 702,342 702,342 702,342 702,342 - -
Reference price 2 95.00 143.3 160.8 132.0 151.1 161.0 161.0 161.0
Announcement Date 1/30/20 1/29/21 1/28/22 1/27/23 1/26/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 19,591 18,410 18,822 20,794 18,081 20,334 21,946 23,279
EBITDA 1 5,319 4,440 9,109 10,194 6,807 7,963 8,969 9,755
EBIT 1 3,703 2,839 7,634 8,642 4,857 5,978 6,876 7,595
Operating Margin 18.9% 15.42% 40.56% 41.56% 26.86% 29.4% 31.33% 32.62%
Earnings before Tax (EBT) 1 19,539 1,028 7,527 8,603 4,443 5,344 6,621 7,322
Net income 1 15,522 767 6,101 6,821 3,625 4,298 5,215 5,736
Net margin 79.23% 4.17% 32.41% 32.8% 20.05% 21.14% 23.76% 24.64%
EPS 2 22.10 1.090 8.690 9.712 5.230 6.117 7.423 8.161
Free Cash Flow 1 1,008 1,147 1,056 623 959 1,978 3,371 4,202
FCF margin 5.15% 6.23% 5.61% 3% 5.3% 9.73% 15.36% 18.05%
FCF Conversion (EBITDA) 18.95% 25.83% 11.59% 6.11% 14.09% 24.84% 37.59% 43.07%
FCF Conversion (Net income) 6.49% 149.54% 17.31% 9.13% 26.46% 46.02% 64.64% 73.26%
Dividend per Share 2 - 2.000 2.250 2.500 2.750 3.055 3.427 3.672
Announcement Date 1/30/20 1/29/21 1/28/22 1/27/23 1/26/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 4,763 5,015 5,899 5,007 4,873 4,813 4,582 4,302 4,384 4,558 5,311 5,470 5,587 5,962 5,943
EBITDA 1 2,806 2,608 3,121 2,484 1,981 2,055 1,700 1,417 1,635 1,596 1,990 2,135 2,348 2,625 2,604
EBIT 1 2,408 2,223 2,735 2,094 1,590 1,596 1,229 913 1,119 1,077 1,475 1,620 1,837 2,105 2,084
Operating Margin 50.56% 44.33% 46.36% 41.82% 32.63% 33.16% 26.82% 21.22% 25.52% 23.63% 27.77% 29.61% 32.89% 35.31% 35.07%
Earnings before Tax (EBT) 1 2,380 2,208 2,730 2,097 1,568 1,537 1,126 802 978 954 1,355 1,499 1,719 2,015 1,994
Net income 1 1,995 1,760 2,180 1,649 1,215 1,213 916 663 833 789 1,038 1,069 1,236 1,592 1,575
Net margin 41.89% 35.09% 36.96% 32.93% 24.93% 25.2% 19.99% 15.41% 19% 17.31% 19.54% 19.54% 22.12% 26.7% 26.5%
EPS 2 2.840 2.510 3.104 2.350 1.730 1.727 1.320 0.9600 1.220 1.120 1.445 1.469 1.650 - -
Dividend per Share 2 2.250 - - - 2.500 - - - - - 1.917 - - - 3.250
Announcement Date 1/28/22 4/29/22 7/22/22 10/28/22 1/27/23 4/28/23 7/21/23 10/27/23 1/26/24 4/26/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,597 7,671 7,752 9,989 10,765 11,823 10,560 11,494
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.616 x 1.728 x 0.851 x 0.9799 x 1.581 x 1.485 x 1.177 x 1.178 x
Free Cash Flow 1 1,008 1,147 1,056 623 959 1,978 3,371 4,202
ROE (net income / shareholders' equity) 5.29% 1.09% 10.3% 7.6% 3.61% 4.43% 4.82% 5.18%
ROA (Net income/ Total Assets) 3.57% 0.75% 5.47% 5.34% 2.54% 3.1% 3.45% 4.07%
Assets 1 435,107 101,859 111,454 127,794 142,654 138,648 151,183 140,784
Book Value Per Share 2 97.60 103.0 118.0 137.0 148.0 152.0 155.0 160.0
Cash Flow per Share 2 4.690 5.270 8.510 9.010 5.540 7.900 9.950 12.20
Capex 1 2,289 2,557 4,918 5,702 2,935 2,492 2,281 2,326
Capex / Sales 11.68% 13.89% 26.13% 27.42% 16.23% 12.25% 10.4% 9.99%
Announcement Date 1/30/20 1/29/21 1/28/22 1/27/23 1/26/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
161 SEK
Average target price
159.5 SEK
Spread / Average Target
-0.90%
Consensus
  1. Stock Market
  2. Equities
  3. SCA B Stock
  4. Financials Svenska Cellulosa Aktiebolaget SCA