Income Statement Evolution | |
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Annual Income Statement Data |
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Actuals in M SEK |
Estimates in M SEK |
Fiscal Period December |
2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Sales | 12 955 | 14 847 | 16 848 | 17 724 | 18 673 | 19 078 | EBITDA | 1 895 | 1 844 | 2 349 | 2 495 | 2 663 | 2 755 | Operating profit (EBIT) | 1 272 | 1 380 | 2 087 | 1 999 | 2 117 | 2 291 | Pre-Tax Profit (EBT) | 1 194 | 1 310 | 1 750 | 1 924 | 2 058 | 2 257 | Net income | 936 | 1 029 | 1 368 | 1 522 | 1 610 | 1 844 | P/E ratio | 23,5 | 26,2 | 18,2 | 21,5 | 20,3 | 18,1 | EPS ( SEK ) | 7,78 | 8,53 | 11,3 | 12,3 | 13,0 | 14,6 | Dividend per Share ( SEK ) | 3,20 | 3,75 | 4,50 | 5,14 | 5,55 | 5,85 | Yield | 1,75% | 1,68% | 2,19% | 1,94% | 2,09% | 2,21% | Reference price ( SEK ) | 183 | 223.6 | 205.6 | 264.8 | 264.8 | 264.8 | Announcement Date | 02/14/2017 08:16am | 02/13/2018 08:15am | 02/13/2019 06:30am | - | - | - |
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Actuals in M SEK |
Estimates in M SEK |
Fiscal Period December |
2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Debt | 3 628 | 3 829 | 3 909 | 2 558 | 1 631 | 3 662 | Finance | - | - | - | - | - | - | Operating income (EBITDA) | 1 895 | 1 844 | 2 349 | 2 495 | 2 663 | 2 755 | Leverage (Debt/EBITDA) | 1,91x | 2,08x | 1,66x | 1,03x | 0,61x | 1,33x | Capital Expenditure | 320 | 236 | 299 | 328 | 336 | 337 | Book Value Per Share (BVPS) | 36,6 SEK | 42,8 SEK | 51,5 SEK | 59,2 SEK | 67,1 SEK | 77,5 SEK | Cash Flow per Share | 10,1 SEK | 12,9 SEK | 11,5 SEK | 16,5 SEK | 16,0 SEK | 22,0 SEK | Announcement Date | 02/14/2017 08:16am | 02/13/2018 08:15am | 02/13/2019 06:30am | - | - | - |
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Assessed data source : © 2019 Thomson Reuters |
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Valuation |
2019e |
2020e |
P/E ratio (Price / EPS)
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21,5x |
20,3x |
Capitalization / Revenue |
1,81x |
1,71x |
EV / Revenue |
1,95x |
1,80x |
EV / EBITDA |
13,9x |
12,6x |
Yield (DPS / Price)
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1,94% |
2,09% |
Price to book
(Price / BVPS)
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4,47x |
3,95x |
Profitability |
2019e |
2020e |
Operating Margin (EBIT / Sales)
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11,3% |
11,3% |
operating Leverage (Delta EBIT / Delta Sales)
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- |
1,10x |
Net Margin (Net Profit / Revenue)
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8,59% |
8,62% |
ROA (Net Profit / Asset)
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10,4% |
10,2% |
ROE (Net Profit / Equities)
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24,7% |
22,8% |
Rate of Dividend |
41,7% |
42,6% |
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