Financials Swedbank AB

Equities

SWED A

SE0000242455

Banks

Market Closed - Nasdaq Stockholm 11:29:54 2024-05-13 am EDT 5-day change 1st Jan Change
221.6 SEK +1.00% Intraday chart for Swedbank AB +1.93% +9.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 155,948 161,413 204,213 199,120 228,671 249,356 - -
Enterprise Value (EV) 1 155,948 161,413 204,213 199,120 228,671 249,356 249,356 249,356
P/E ratio 7.94 x 12.5 x 9.81 x 9.13 x 6.72 x 8.04 x 8.51 x 8.57 x
Yield 6.31% 2.01% 5.08% 5.5% 7.45% 7.17% 8.79% 8.2%
Capitalization / Revenue 3.39 x 3.53 x 4.36 x 3.74 x 3.13 x 3.53 x 3.71 x 3.71 x
EV / Revenue 3.39 x 3.53 x 4.36 x 3.74 x 3.13 x 3.53 x 3.71 x 3.71 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.13 x 1.04 x 1.26 x 1.13 x 1.15 x 1.19 x 1.14 x 1.1 x
Nbr of stocks (in thousands) 1,118,304 1,119,992 1,121,434 1,123,071 1,124,796 1,125,254 - -
Reference price 2 139.4 144.1 182.1 177.3 203.3 221.6 221.6 221.6
Announcement Date 1/28/20 2/1/21 2/2/22 1/31/23 1/24/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 45,960 45,676 46,890 53,221 73,057 70,577 67,287 67,235
EBITDA - - - - - - - -
EBIT 1 25,976 21,116 26,043 31,806 48,957 45,291 41,059 41,062
Operating Margin 56.52% 46.23% 55.54% 59.76% 67.01% 64.17% 61.02% 61.07%
Earnings before Tax (EBT) 1 24,420 16,780 25,817 27,358 43,622 37,631 36,699 36,800
Net income 1 19,697 12,929 20,871 21,877 34,128 31,076 29,223 29,081
Net margin 42.86% 28.31% 44.51% 41.11% 46.71% 44.03% 43.43% 43.25%
EPS 2 17.56 11.51 18.56 19.43 30.27 27.57 26.05 25.86
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 8.800 2.900 9.250 9.750 15.15 15.89 19.48 18.17
Announcement Date 1/28/20 2/1/21 2/2/22 1/31/23 1/24/24 - - -
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 11,749 11,455 11,612 14,030 16,124 17,387 18,173 18,468 19,029 18,087 17,862 17,570 17,080 16,802 16,803
EBITDA - - - - - - - - - - - - - - -
EBIT 1 5,907 6,368 6,364 8,701 10,373 10,977 12,456 12,906 12,618 11,902 11,654 11,544 7,159 9,950 9,795
Operating Margin 50.28% 55.59% 54.81% 62.02% 64.33% 63.13% 68.54% 69.88% 66.31% 65.8% 65.24% 65.7% 41.91% 59.22% 58.29%
Earnings before Tax (EBT) 1 5,974 5,754 5,854 7,180 8,571 9,681 11,414 11,447 11,080 10,654 9,808 9,644 8,536 9,500 9,217
Net income 1 4,835 4,617 4,710 5,737 6,813 7,561 9,122 9,123 8,321 8,428 7,924 7,827 4,322 7,435 7,259
Net margin 41.15% 40.31% 40.56% 40.89% 42.25% 43.49% 50.2% 49.4% 43.73% 46.6% 44.36% 44.55% 25.3% 44.25% 43.2%
EPS 2 4.300 4.100 4.180 5.100 6.050 6.710 8.090 8.090 7.380 7.470 7.041 6.881 4.647 6.597 6.450
Dividend per Share 2 9.250 - - - 9.750 - - - 15.15 - - - 15.68 - -
Announcement Date 2/2/22 4/28/22 7/19/22 10/27/22 1/31/23 4/26/23 7/18/23 10/26/23 1/24/24 4/25/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 14.7% 8.9% 13.2% 13.3% 18.3% 15.1% 13.8% 13.2%
ROA (Net income/ Total Assets) 0.85% 0.52% 0.78% 0.78% 1.2% 1.07% 0.98% 0.96%
Assets 1 2,327,150 2,501,257 2,672,617 2,802,588 2,855,087 2,894,021 2,990,458 3,018,230
Book Value Per Share 2 124.0 139.0 144.0 157.0 177.0 186.0 194.0 201.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/28/20 2/1/21 2/2/22 1/31/23 1/24/24 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
219.4 SEK
Average target price
236.3 SEK
Spread / Average Target
+7.72%
Consensus
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