Company Valuation: Afry AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 28,869 19,355 15,821 17,407 16,988 14,677 - -
Change - -32.96% -18.26% 10.02% -2.41% -13.6% - -
Enterprise Value (EV) 1 32,434 19,355 22,663 23,542 22,309 19,618 18,649 17,646
Change - -40.33% 17.09% 3.88% -5.24% -12.06% -4.94% -5.38%
P/E ratio 25.6x 19.9x 14.4x 14.2x 21.2x 11.7x 9.25x 8.52x
PBR 2.63x - 1.27x 1.33x 1.34x 1.11x 1.03x 0.98x
PEG - -1.4x 1.1x 1.2x -0.6x 0.2x 0.3x 1x
Capitalization / Revenue 1.44x 0.82x 0.59x 0.64x 0.66x 0.56x 0.53x 0.51x
EV / Revenue 1.61x 0.82x 0.84x 0.87x 0.87x 0.75x 0.67x 0.61x
EV / EBITDA 13.7x 7.96x 8.34x 8.28x 10.1x 6.95x 6.02x 5.51x
EV / EBIT 21.3x 13.4x 12.7x 12.1x 16.1x 10.4x 8.15x 7.23x
EV / FCF 22.4x - 13.8x 12.5x 10.5x 12.7x 12x 9.23x
FCF Yield 4.46% - 7.27% 8.02% 9.56% 7.89% 8.37% 10.8%
Dividend per Share 2 5.5 - 5.5 6 6 6.7 7.438 8.067
Rate of return 2.16% - 3.94% 3.9% 4% 5.17% 5.74% 6.22%
EPS 2 9.973 8.603 9.71 10.85 7.07 11.03 14 15.2
Distribution rate 55.1% - 56.6% 55.3% 84.9% 60.7% 53.1% 53.1%
Net sales 1 20,104 23,552 26,978 27,160 25,758 26,016 27,628 28,823
EBITDA 1 2,359 2,430 2,718 2,842 2,219 2,822 3,096 3,202
EBIT 1 1,523 1,444 1,779 1,941 1,387 1,881 2,287 2,442
Net income 1 1,129 974 1,100 1,229 800 1,249 1,585 1,725
Net Debt 1 3,565 - 6,842 6,135 5,321 4,941 3,971 2,969
Reference price 2 255.00 170.90 139.70 153.70 150.00 129.60 129.60 129.60
Nbr of stocks (in thousands) 113,212 113,252 113,252 113,252 113,252 113,252 - -
Announcement Date 2/4/22 2/10/23 2/2/24 2/7/25 2/5/26 - - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.92x0.76x7.03x5.1% 1.63B
36.06x6.48x23.39x0.96% 70.52B
36.89x4.39x14.22x1.25% 19.29B
21.52x1.24x12.17x1.08% 15.21B
19.6x2.09x10.36x3.55% 14.83B
21.06x2.43x10.46x3.54% 10.14B
33.09x3.81x15.59x1.9% 8.12B
10.6x1.16x6.06x2.04% 6.29B
12.74x0.57x8.26x1.73% 5.82B
16.66x0.36x8.29x4.36% 4.99B
Average 22.02x 2.33x 11.58x 2.55% 15.68B
Weighted average by Cap. 29.32x 4.21x 16.80x 1.69%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield