Financials Bredband2 i Skandinavien AB

Equities

BRE2

SE0000648669

Integrated Telecommunications Services

Market Closed - Nasdaq Stockholm 06:59:49 2024-04-30 am EDT 5-day change 1st Jan Change
1.924 SEK +0.94% Intraday chart for Bredband2 i Skandinavien AB +5.71% +26.91%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 922.5 1,465 2,067 1,298 1,451 1,841 - -
Enterprise Value (EV) 1 769 1,493 2,271 1,495 1,570 1,942 1,910 1,882
P/E ratio 22.7 x 48.6 x 25.4 x 17.8 x 17 x 18.3 x 16 x 14.3 x
Yield 3.8% 2.39% 3.7% 5.9% 5.94% 5.72% 6.76% 7.8%
Capitalization / Revenue 1.38 x 1.86 x 1.37 x 0.85 x 0.92 x 1.09 x 1.05 x 1.02 x
EV / Revenue 1.15 x 1.9 x 1.5 x 0.98 x 0.99 x 1.15 x 1.09 x 1.04 x
EV / EBITDA 10.3 x 18.8 x 10.3 x 6.2 x 5.98 x 6.74 x 6.39 x 6.04 x
EV / FCF 12.1 x 15.6 x 11.9 x 7.34 x 7.02 x 9.99 x 8.08 x 7.71 x
FCF Yield 8.29% 6.4% 8.43% 13.6% 14.2% 10% 12.4% 13%
Price to Book 11.7 x 3.08 x 3.87 x 2.44 x 2.75 x 3.32 x 3.21 x 3.15 x
Nbr of stocks (in thousands) 701,002 701,002 957,095 957,095 957,095 957,096 - -
Reference price 2 1.316 2.090 2.160 1.356 1.516 1.924 1.924 1.924
Announcement Date 2/6/20 2/10/21 2/10/22 2/8/23 2/7/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 670.6 787.9 1,512 1,531 1,580 1,688 1,746 1,803
EBITDA 1 74.76 79.44 219.5 241.3 262.8 288 299 311.8
EBIT 1 50.87 42.77 93.9 94.82 120 140.4 157.6 172.2
Operating Margin 7.59% 5.43% 6.21% 6.19% 7.6% 8.32% 9.02% 9.55%
Earnings before Tax (EBT) 1 50.99 42.25 84.66 84.36 108.3 128 147 169
Net income 1 40.6 30.88 81.18 72.89 85.31 102 116.5 134
Net margin 6.05% 3.92% 5.37% 4.76% 5.4% 6.04% 6.67% 7.43%
EPS 2 0.0580 0.0430 0.0850 0.0760 0.0890 0.1050 0.1200 0.1350
Free Cash Flow 1 63.76 95.54 191.4 203.7 223.7 194.5 236.5 244
FCF margin 9.51% 12.13% 12.66% 13.3% 14.16% 11.52% 13.54% 13.53%
FCF Conversion (EBITDA) 85.27% 120.27% 87.19% 84.4% 85.13% 67.52% 79.11% 78.27%
FCF Conversion (Net income) 157.01% 309.44% 235.75% 279.41% 262.25% 190.69% 203% 182.09%
Dividend per Share 2 0.0500 0.0500 0.0800 0.0800 0.0900 0.1100 0.1300 0.1500
Announcement Date 2/6/20 2/10/21 2/10/22 2/8/23 2/7/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 378.3 375.9 383.4 382.7 382.4 382.8 383.1 392.7 400.6 403.4 413.3 420.4 425.8 428.3
EBITDA 1 56.41 61.6 63 59.2 59.6 59.4 60.4 61.9 69.1 71.4 68.75 69.5 75.55 73.7
EBIT 1 23.75 26.54 27.1 21.07 23.33 23.31 25.02 26.1 33.02 35.88 32.1 32.55 38.3 36.95
Operating Margin 6.28% 7.06% 7.07% 5.51% 6.1% 6.09% 6.53% 6.65% 8.24% 8.9% 7.77% 7.74% 8.99% 8.63%
Earnings before Tax (EBT) 1 - 24.19 24.54 18.38 20.74 20.7 22.28 22.92 29.64 33.5 30 30 37 36
Net income 1 16.13 21.7 23.59 13.22 16.57 19.52 17.79 18.2 23.54 25.79 24 24 29 28
Net margin 4.26% 5.77% 6.15% 3.45% 4.33% 5.1% 4.64% 4.64% 5.88% 6.39% 5.81% 5.71% 6.81% 6.54%
EPS 2 0.0170 0.0230 0.0250 0.0140 0.0170 0.0200 0.0190 0.0190 0.0250 0.0270 0.0250 0.0250 0.0300 0.0300
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/9/21 2/10/22 5/11/22 8/9/22 11/9/22 2/8/23 5/9/23 8/9/23 11/9/23 2/7/24 - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 28.1 203 197 119 101 69 41
Net Cash position 1 154 - - - - - - -
Leverage (Debt/EBITDA) - 0.3535 x 0.926 x 0.8173 x 0.4543 x 0.3506 x 0.2308 x 0.1315 x
Free Cash Flow 1 63.8 95.5 191 204 224 195 237 244
ROE (net income / shareholders' equity) 53.4% 11.7% 15.7% 13.7% 16% 18.7% 21.1% 23.2%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 0.1100 0.6800 0.5600 0.5500 0.5500 0.5800 0.6000 0.6100
Cash Flow per Share - - - - - - - -
Capex 1 18.8 20.2 26.6 24.4 28.1 21 22.5 18
Capex / Sales 2.8% 2.56% 1.76% 1.59% 1.78% 1.24% 1.29% 1%
Announcement Date 2/6/20 2/10/21 2/10/22 2/8/23 2/7/24 - - -
1SEK in Million2SEK
Estimates
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