| Income Statement Evolution | |
|
|
|
| Annual Income Statement Data |
|
|
Actuals in M SEK |
Estimates in M SEK |
|
Fiscal Period December
|
2016 |
2017 |
2018 |
2019 (e) |
2020 (e) |
2021 (e) |
| Sales |
12 955 |
14 847 |
16 848 |
18 291 |
19 184 |
19 935 |
| EBITDA |
1 683 |
1 976 |
2 349 |
2 806 |
2 973 |
3 106 |
| Operating profit (EBIT) |
1 272 |
1 512 |
1 825 |
2 022 |
2 170 |
2 297 |
| Pre-Tax Profit (EBT) |
1 194 |
1 310 |
1 750 |
1 916 |
2 085 |
2 238 |
| Net income |
936 |
1 029 |
1 367 |
1 509 |
1 644 |
1 764 |
| P/E ratio |
23,5x |
26,2x |
18,2x |
21,4x |
19,6x |
18,3x |
| EPS ( SEK ) |
7,78 |
8,53 |
11,3 |
12,5 |
13,6 |
14,6 |
| Dividend per Share ( SEK ) |
3,20 |
3,75 |
4,50 |
5,43 |
6,05 |
6,61 |
| Yield |
1,75% |
1,68% |
2,19% |
2,03% |
2,26% |
2,48% |
| Reference price ( SEK ) |
183,000 |
223,600 |
205,600 |
267,000 |
267,000 |
267,000 |
| Announcement Date |
02/14/2017
07:00am |
02/13/2018
08:01am |
02/13/2019
06:30am |
- |
- |
- |
|
|
|
|
Actuals in M SEK |
Estimates in M SEK |
|
Fiscal Period December
|
2016 |
2017 |
2018 |
2019 (e) |
2020 (e) |
2021 (e) |
| Debt |
3 628 |
3 829 |
3 909 |
4 493 |
3 499 |
2 523 |
| Finance |
- |
- |
- |
- |
- |
- |
| Operating income (EBITDA) |
1 683 |
1 976 |
2 349 |
2 806 |
2 973 |
3 106 |
Leverage
(Debt/EBITDA) |
2,16x |
1,94x |
1,66x |
1,60x |
1,18x |
0,81x |
| Capital Expenditure |
320 |
236 |
299 |
337 |
349 |
355 |
| Book Value Per Share (BVPS) ( SEK ) |
36,7 |
42,8 |
51,3 |
59,5 |
67,6 |
76,2 |
| Cash Flow per Share ( SEK ) |
10,1 |
12,9 |
11,3 |
19,5 |
18,6 |
18,7 |
| Announcement Date |
02/14/2017
07:00am |
02/13/2018
08:01am |
02/13/2019
06:30am |
- |
- |
- |
|
|
|
|
|
Assessed data source
© 2019 S&P Global Market Intelligence
|
|
| Valuation |
2019e |
2020e |
| P/E ratio (Price / EPS) |
21,4x |
19,6x |
| Capitalization / Revenue |
1,76x |
1,68x |
| EV / Revenue |
2,01x |
1,92x |
| EV / EBITDA |
13,1x |
12,4x |
| Yield (DPS / Price) |
2,03% |
2,26% |
| Price to book (Price / BVPS) |
4,49x |
3,95x |
| Profitability |
2019e |
2020e |
| Operating Margin (EBIT / Sales) |
11,1% |
11,3% |
| Operating Leverage (Delta EBIT / Delta Sales) |
1,26x |
1,50x |
| Net Margin (Net Profit / Revenue) |
8,25% |
8,57% |
| ROA (Net Profit / Asset) |
9,93% |
9,66% |
| ROE (Net Profit / Equities) |
22,7% |
21,6% |
| Rate of Dividend |
43,6% |
44,4% |
|
Year-on-year evolution of the PER
|
United Kingdom
France
Deutschland
Schweiz (DE)
Report 
