Financials EQT AB

Equities

EQT

SE0012853455

Investment Management & Fund Operators

Real-time Estimate Cboe Europe 05:39:15 2024-04-24 am EDT 5-day change 1st Jan Change
301 SEK +0.77% Intraday chart for EQT AB -2.37% +5.40%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,914 19,891 47,536 23,496 30,328 30,573 - -
Enterprise Value (EV) 1 9,104 19,103 46,948 23,496 31,326 30,015 29,063 28,045
P/E ratio 55.6 x 52.4 x 51.9 x 116 x 219 x 31.6 x 23.3 x 17.6 x
Yield 2.02% 1.12% 0.56% 1.36% 1.24% 1.37% 1.54% 1.84%
Capitalization / Revenue 16.5 x 28.1 x 29.3 x 15.3 x 14.2 x 11.7 x 10.2 x 8.55 x
EV / Revenue 15.2 x 26.9 x 28.9 x 15.3 x 14.7 x 11.5 x 9.72 x 7.85 x
EV / EBITDA 33.1 x 49.6 x 42.7 x 28.3 x 25.6 x 18.1 x 15.1 x 11.7 x
EV / FCF 40.3 x 117 x 78.6 x 45.4 x 34 x 25.5 x 18.4 x 13.2 x
FCF Yield 2.48% 0.86% 1.27% 2.2% 2.94% 3.92% 5.43% 7.59%
Price to Book 9.16 x 15.8 x 16.2 x 3.2 x 5.06 x 4.59 x 4.06 x 3.52 x
Nbr of stocks (in thousands) 952,984 952,984 986,646 1,186,608 1,184,824 1,185,455 - -
Reference price 2 10.40 20.87 48.18 19.80 25.60 25.79 25.79 25.79
Announcement Date 2/12/20 1/26/21 1/19/22 1/18/23 1/18/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 600 709 1,623 1,536 2,131 2,610 2,989 3,574
EBITDA 1 275 385 1,100 829 1,226 1,654 1,930 2,389
EBIT 1 245 350 1,063 785 1,172 1,550 1,827 2,234
Operating Margin 40.83% 49.37% 65.5% 51.11% 55% 59.36% 61.11% 62.51%
Earnings before Tax (EBT) 1 173 311 878 263 239 1,274 1,442 1,814
Net income 1 160 379 909 176 130 967.2 1,311 1,731
Net margin 26.67% 53.46% 56.01% 11.46% 6.1% 37.05% 43.84% 48.43%
EPS 2 0.1870 0.3980 0.9290 0.1710 0.1170 0.8161 1.107 1.462
Free Cash Flow 1 226 163.4 597 518 922 1,176 1,579 2,130
FCF margin 37.67% 23.05% 36.78% 33.72% 43.27% 45.07% 52.82% 59.59%
FCF Conversion (EBITDA) 82.18% 42.44% 54.27% 62.48% 75.2% 71.12% 81.83% 89.13%
FCF Conversion (Net income) 141.25% 43.11% 65.68% 294.32% 709.23% 121.64% 120.48% 123.05%
Dividend per Share 2 0.2098 0.2344 0.2712 0.2695 0.3163 0.3521 0.3979 0.4735
Announcement Date 2/12/20 1/26/21 1/19/22 1/18/23 1/18/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 304 264 444 709 912 733 804 1,019 1,112 1,136 1,483
EBITDA 1 - 80 305 492 608 413 416 555 653 648 836
EBIT 1 - 63 286 476 587 393 392 530 624 631.6 953.1
Operating Margin - 23.86% 64.41% 67.14% 64.36% 53.62% 48.76% 52.01% 56.12% 55.6% 64.27%
Earnings before Tax (EBT) - 68 243 397 481 - - - - - -
Net income - - 332 361 548 - -58 11 118 - -
Net margin - - 74.77% 50.92% 60.09% - -7.21% 1.08% 10.61% - -
EPS 2 - 0.0620 0.3480 0.3720 - - -0.0540 0.0100 0.1080 0.4600 0.8300
Dividend per Share - - - - - - - - - - -
Announcement Date 2/12/20 8/20/20 1/26/21 7/22/21 1/19/22 7/14/22 1/18/23 7/14/23 1/18/24 - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 998 - - -
Net Cash position 1 810 789 588 - - 558 1,509 2,528
Leverage (Debt/EBITDA) - - - - 0.814 x - - -
Free Cash Flow 1 226 163 597 518 922 1,177 1,579 2,130
ROE (net income / shareholders' equity) 22.6% 32.3% 43.2% 3.77% 16.4% 18.9% 20.4% 22.8%
ROA (Net income/ Total Assets) 16.4% 24.8% 33% 2.61% 10.8% 10.3% 12.8% 15.8%
Assets 1 977.5 1,526 2,758 6,747 1,200 9,386 10,231 10,973
Book Value Per Share 2 1.140 1.320 2.980 6.200 5.060 5.610 6.350 7.330
Cash Flow per Share 2 0.2900 0.1800 0.6200 0.5300 0.8000 1.220 1.540 1.720
Capex 1 18 8.4 11 31 23 18 19 19.8
Capex / Sales 3% 1.18% 0.68% 2.02% 1.08% 0.69% 0.64% 0.55%
Announcement Date 2/12/20 1/26/21 1/19/22 1/18/23 1/18/24 - - -
1EUR in Million2EUR
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
25.79 EUR
Average target price
29.95 EUR
Spread / Average Target
+16.12%
Consensus