Company Valuation: ERICSSON

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 332,382 204,141 210,346 299,520 301,970 355,454 - -
Change - -38.58% 3.04% 42.39% 0.82% 17.71% - -
Enterprise Value (EV) 1 297,231 189,986 212,445 281,130 278,032 304,163 296,750 286,131
Change - -36.08% 11.82% 32.33% -1.1% 9.4% -2.44% -3.58%
P/E 14.7x 10.8x -7.95x 8,988x 10.6x 18.8x 16.4x 15.2x
PBR 3.06x 1.51x 2.16x 3.18x 2.76x 3.22x 2.97x 2.77x
PEG - -0.6x 0x -90x 0x -0.6x 1.1x 1.87x
Capitalization / Revenue 1.43x 0.75x 0.8x 1.21x 1.28x 1.54x 1.51x 1.49x
EV / Revenue 1.28x 0.7x 0.81x 1.13x 1.17x 1.32x 1.26x 1.2x
EV / EBITDA 7.2x 5x 7.06x 5.58x 5.54x 7.69x 7.72x 7.2x
EV / EBIT 9.2x 6.93x 11.7x 11.4x 6.79x 9.48x 9.54x 8.83x
EV / FCF 8.37x 7.13x 54.8x 6.4x 10.4x 12.2x 12.1x 10.5x
FCF Yield 11.9% 14% 1.83% 15.6% 9.63% 8.22% 8.29% 9.48%
Dividend per Share 2 2.5 2.5 2.7 2.85 3 3.059 3.225 3.38
Rate of return 2.51% 4.11% 4.28% 3.17% 3.31% 2.8% 2.96% 3.1%
EPS 2 6.81 5.62 -7.94 0.01 8.51 5.811 6.653 7.195
Distribution rate 36.7% 44.5% -34% 28,500% 35.3% 52.6% 48.5% 47%
Net sales 1 232,314 271,546 263,351 247,880 236,681 230,902 234,921 238,578
EBITDA 1 41,298 37,962 30,084 50,358 50,212 39,566 38,450 39,717
EBIT 1 32,300 27,419 18,093 24,658 40,971 32,080 31,114 32,404
Net income 1 23,000 18,724 -26,446 20 28,428 19,145 20,964 22,302
Net Debt 1 -35,151 -14,155 2,099 -18,390 -23,938 -51,291 -58,705 -69,323
Reference price 2 99.79 60.90 63.11 89.88 90.60 109.05 109.05 109.05
Nbr of stocks (in thousands) 3,329,738 3,330,142 3,330,142 3,332,672 3,333,287 3,257,271 - -
Announcement Date 1/25/22 1/20/23 1/23/24 1/24/25 1/23/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.46x5.7x14.76x1.63% 411B
44.26x15.58x31.23x-.--% 213B
15.43x0.59x10.48x3.03% 134B
18.31x5.86x13.69x0.78% 97.36B
39.35x11.65x25.98x-.--% 76.15B
35.57x6.88x19.95x0.98% 81.35B
26.33x6.23x19.69x1.51% 52.54B
42.62x1.97x12.41x1.95% 48.94B
55.3x7.16x31.68x-.--% 45.48B
Average 33.63x 6.85x 19.99x 1.1% 128.93B
Weighted average by Cap. 30.70x 7.33x 19.09x 1.21%

Y-o-Y evolution of P/E

Valuation ratios - P/E - ERICSSON

Historical PBR trend

Valuation ratios - PBR - ERICSSON

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - ERICSSON

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - ERICSSON


Year-on-year evolution of the Yield

Valuation ratios - Yield - ERICSSON