Company Valuation: Assa Abloy AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 306,796 248,481 322,458 363,002 398,658 403,656 - -
Change - -19.01% 29.77% 12.57% 9.82% 1.25% - -
Enterprise Value (EV) 1 333,867 280,213 386,567 433,255 398,658 460,744 453,808 445,358
Change - -16.07% 37.95% 12.08% -7.99% 15.57% -1.51% -1.86%
P/E ratio 28.2x 18.7x 23.7x 23.2x 27.1x 23.4x 21x 19.4x
PBR 4.41x 2.89x 3.52x 3.39x - 3.62x 3.28x 2.97x
PEG - 0.8x 9.46x 1.6x -4.49x 1.3x 1.9x 2.32x
Capitalization / Revenue 3.23x 2.06x 2.29x 2.42x 2.62x 2.6x 2.42x 2.29x
EV / Revenue 3.51x 2.32x 2.75x 2.89x 2.62x 2.96x 2.72x 2.52x
EV / EBITDA 18.5x 12.4x 14.1x 14.5x 13x 14.4x 13.1x 12.1x
EV / EBIT 23.5x 15.1x 17.4x 17.8x 16.2x 17.7x 16.1x 14.8x
EV / FCF 30.8x 22.7x 20.5x 22.4x - 24.8x 22.6x 20.4x
FCF Yield 3.24% 4.41% 4.88% 4.46% - 4.03% 4.43% 4.9%
Dividend per Share 2 4.2 4.8 5.4 5.9 6.4 6.801 7.526 8.223
Rate of return 1.52% 2.15% 1.86% 1.81% 1.78% 1.87% 2.07% 2.26%
EPS 2 9.81 11.97 12.27 14.08 13.23 15.55 17.27 18.71
Distribution rate 42.8% 40.1% 44% 41.9% 48.4% 43.7% 43.6% 43.9%
Net sales 1 95,007 120,793 140,716 150,162 152,409 155,438 166,922 176,540
EBITDA 1 18,023 22,620 27,358 29,940 30,745 31,991 34,652 36,942
EBIT 1 14,181 18,532 22,185 24,296 24,664 26,007 28,260 30,126
Net income 1 10,901 13,291 13,633 15,639 14,701 17,195 19,164 20,836
Net Debt 1 27,071 31,732 64,109 70,253 - 57,088 50,152 41,702
Reference price 2 276.20 223.70 290.30 326.80 358.90 363.40 363.40 363.40
Nbr of stocks (in thousands) 1,110,776 1,110,776 1,110,776 1,110,776 1,110,776 1,110,776 - -
Announcement Date 2/4/22 2/3/23 2/7/24 2/5/25 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.($)
23.37x2.96x14.4x1.87% 43.28B
12.27x0.99x6.37x3.16% 42.94B
-78.44x1.52x16.46x0.33% 15.31B
19.04x3.24x13.18x1.31% 14.29B
15.22x1.98x10.45x2.02% 12.91B
23.05x0.88x9.19x-.--% 9.16B
14.82x0.76x4.73x3.58% 7.84B
34.77x4.52x16.97x0.92% 8.06B
21.41x4.32x12.46x0.77% 7.47B
20.01x2.9x11.94x0.66% 7.36B
Average 10.55x 2.41x 11.62x 1.46% 16.86B
Weighted average by Cap. 10.20x 2.19x 11.33x 1.85%

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

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