AFRY AB |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 167.5 SEK | +3.46% |
|
+2.57% | +19.90% |
| Apr. 23 | Transcript : Afry AB, Q1 2024 Earnings Call, Apr 23, 2024 | |
| Apr. 23 | Afry AB Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 24,367 | 28,392 | 28,869 | 19,355 | 15,821 | 18,970 | - | - |
| Enterprise Value (EV) 1 | 28,791 | 31,148 | 32,434 | 19,355 | 22,663 | 24,450 | 23,857 | 22,055 |
| P/E ratio | 27.4 x | 28.5 x | 25.6 x | 19.9 x | 14.4 x | 13.9 x | 11.5 x | 10.2 x |
| Yield | - | 1.99% | 2.16% | - | 3.94% | 3.81% | 4.25% | 4.66% |
| Capitalization / Revenue | 1.23 x | 1.5 x | 1.44 x | 0.82 x | 0.59 x | 0.69 x | 0.66 x | 0.62 x |
| EV / Revenue | 1.45 x | 1.64 x | 1.61 x | 0.82 x | 0.84 x | 0.88 x | 0.82 x | 0.73 x |
| EV / EBITDA | 14.2 x | 13.8 x | 13.7 x | 7.96 x | 8.34 x | 8.05 x | 7.22 x | 6.21 x |
| EV / FCF | 16 x | 16.3 x | 22.4 x | - | 13.8 x | 11.9 x | 13.2 x | 11.4 x |
| FCF Yield | 6.24% | 6.14% | 4.46% | - | 7.27% | 8.41% | 7.58% | 8.76% |
| Price to Book | 2.62 x | 2.81 x | 2.63 x | - | 1.27 x | 1.43 x | 1.34 x | 1.25 x |
| Nbr of stocks (in thousands) | 111,471 | 113,024 | 113,212 | 113,252 | 113,252 | 113,252 | - | - |
| Reference price 2 | 218.6 | 251.2 | 255.0 | 170.9 | 139.7 | 167.5 | 167.5 | 167.5 |
| Announcement Date | 2/7/20 | 2/5/21 | 2/4/22 | 2/10/23 | 2/2/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 19,792 | 18,991 | 20,104 | 23,552 | 26,978 | 27,679 | 28,938 | 30,412 |
| EBITDA 1 | 2,024 | 2,253 | 2,359 | 2,430 | 2,718 | 3,037 | 3,305 | 3,554 |
| EBIT 1 | 1,276 | 1,456 | 1,523 | 1,444 | 1,779 | 2,088 | 2,366 | 2,617 |
| Operating Margin | 6.45% | 7.67% | 7.58% | 6.13% | 6.59% | 7.54% | 8.18% | 8.6% |
| Earnings before Tax (EBT) 1 | 1,039 | 1,270 | 1,393 | 1,220 | 1,441 | 1,764 | 2,102 | 2,371 |
| Net income 1 | 821 | 992 | 1,129 | 974 | 1,100 | 1,368 | 1,645 | 1,809 |
| Net margin | 4.15% | 5.22% | 5.62% | 4.14% | 4.08% | 4.94% | 5.68% | 5.95% |
| EPS 2 | 7.990 | 8.820 | 9.973 | 8.603 | 9.710 | 12.08 | 14.53 | 16.40 |
| Free Cash Flow 1 | 1,796 | 1,911 | 1,446 | - | 1,647 | 2,055 | 1,809 | 1,931 |
| FCF margin | 9.07% | 10.06% | 7.19% | - | 6.1% | 7.42% | 6.25% | 6.35% |
| FCF Conversion (EBITDA) | 88.74% | 84.82% | 61.3% | - | 60.6% | 67.67% | 54.75% | 54.34% |
| FCF Conversion (Net income) | 218.76% | 192.64% | 128.08% | - | 149.73% | 150.25% | 109.99% | 106.78% |
| Dividend per Share 2 | - | 5.000 | 5.500 | - | 5.500 | 6.378 | 7.111 | 7.809 |
| Announcement Date | 2/7/20 | 2/5/21 | 2/4/22 | 2/10/23 | 2/2/24 | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,509 | 5,670 | 5,975 | 5,298 | 6,609 | 6,916 | 6,869 | 6,059 | 7,135 | 6,891 | 6,315 | 5,468 | 6,500 | - |
| EBITDA 1 | 640 | 526 | 602 | 549 | 753 | 881 | 594 | 509 | 732 | 757 | 652.9 | 525.4 | 746.9 | - |
| EBIT 1 | 416 | 317 | 335 | 265 | 527 | 646 | 363 | 270 | 501 | 541 | 522.6 | 404.5 | 543.7 | 688 |
| Operating Margin | 7.55% | 5.59% | 5.61% | 5% | 7.97% | 9.34% | 5.28% | 4.46% | 7.02% | 7.85% | 8.28% | 7.4% | 8.36% | - |
| Earnings before Tax (EBT) 1 | 371 | 290 | 237 | 218 | 475 | 568 | 287 | 196 | 391 | 471 | 356.1 | 269.5 | 441.1 | - |
| Net income 1 | 301 | 223 | 173 | 180 | 398 | 436 | 201 | 150 | 314 | 355 | 277.9 | 200.1 | 350.2 | - |
| Net margin | 5.46% | 3.93% | 2.9% | 3.4% | 6.02% | 6.3% | 2.93% | 2.48% | 4.4% | 5.15% | 4.4% | 3.66% | 5.39% | - |
| EPS 2 | 2.663 | 1.970 | 1.533 | 1.593 | 3.513 | 3.850 | 1.770 | 1.320 | 2.770 | 3.130 | 3.237 | 2.376 | 3.073 | - |
| Dividend per Share | 5.500 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/4/22 | 4/28/22 | 7/14/22 | 10/28/22 | 2/10/23 | 4/27/23 | 7/18/23 | 10/27/23 | 2/2/24 | 4/23/24 | - | - | - | - |
1SEK in Million2SEK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,424 | 2,756 | 3,565 | - | 6,842 | 5,480 | 4,887 | 3,086 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.186 x | 1.223 x | 1.511 x | - | 2.517 x | 1.805 x | 1.479 x | 0.8681 x |
| Free Cash Flow 1 | 1,796 | 1,911 | 1,446 | - | 1,647 | 2,055 | 1,809 | 1,931 |
| ROE (net income / shareholders' equity) | 10.6% | 10.1% | 10.8% | - | 8.8% | 10.9% | 12.3% | 13% |
| ROA (Net income/ Total Assets) | 4.37% | 4.13% | 4.57% | - | 3.92% | 4.85% | 5.49% | 6.17% |
| Assets 1 | 18,791 | 23,993 | 24,715 | - | 28,084 | 28,217 | 29,958 | 29,305 |
| Book Value Per Share 2 | 83.50 | 89.30 | 97.10 | - | 110.0 | 117.0 | 125.0 | 134.0 |
| Cash Flow per Share 2 | 19.20 | 18.20 | 13.30 | - | 15.80 | 19.60 | 20.80 | 22.30 |
| Capex 1 | 197 | 174 | 52 | - | 147 | 170 | 232 | 234 |
| Capex / Sales | 1% | 0.92% | 0.26% | - | 0.54% | 0.61% | 0.8% | 0.77% |
| Announcement Date | 2/7/20 | 2/5/21 | 2/4/22 | 2/10/23 | 2/2/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
167.5
SEK
Average target price
200.8
SEK
Spread / Average Target
+19.88%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +19.90% | 1.73B | |
| +10.55% | 67.6B | |
| +11.64% | 18.21B | |
| +9.40% | 13.37B | |
| +16.53% | 9.94B | |
| -32.90% | 5.74B | |
| -10.98% | 5.57B | |
| -4.09% | 4.91B | |
| -4.83% | 4.87B | |
| 0.00% | 4.3B |
- Stock Market
- Equities
- AFRY Stock
- Financials Afry AB
