Financials Ferronordic AB

Equities

FNM

SE0005468717

Auto & Truck Manufacturers

Market Closed - Nasdaq Stockholm 11:29:50 2024-05-27 am EDT 5-day change 1st Jan Change
77.1 SEK -1.28% Intraday chart for Ferronordic AB -2.65% +8.59%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,369 2,287 4,897 1,115 1,032 1,135 - -
Enterprise Value (EV) 1 2,962 2,267 5,095 1,115 2,381 2,177 2,078 1,917
P/E ratio 9.44 x 10.3 x 14.5 x 2.53 x -9.61 x 8.38 x 8.11 x 6.74 x
Yield - 4.76% 3.41% - - 2.34% 2.85% 3.51%
Capitalization / Revenue 0.63 x 0.49 x 0.79 x 0.17 x 0.36 x 0.23 x 0.21 x 0.2 x
EV / Revenue 0.79 x 0.49 x 0.82 x 0.17 x 0.83 x 0.43 x 0.38 x 0.34 x
EV / EBITDA 6 x 4.5 x 7.3 x 1 x 59.5 x 5.13 x 4.43 x 3.81 x
EV / FCF -6.01 x 3.58 x 21.2 x - -13.5 x 8.32 x 17.2 x 10.2 x
FCF Yield -16.6% 28% 4.71% - -7.39% 12% 5.82% 9.78%
Price to Book 2.66 x 2.84 x 4.45 x - 0.64 x 0.65 x 0.6 x 0.56 x
Nbr of stocks (in thousands) 14,532 14,532 14,532 14,532 14,532 14,532 - -
Reference price 2 163.0 157.4 337.0 76.70 71.00 78.10 78.10 78.10
Announcement Date 2/20/20 2/19/21 2/18/22 2/17/23 2/22/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,747 4,635 6,212 6,469 2,863 5,034 5,499 5,703
EBITDA 1 493.9 504 698 1,110 40 424.2 469.1 502.7
EBIT 1 358 328.2 483 838 -68 162 237.3 263
Operating Margin 9.55% 7.08% 7.78% 12.95% -2.38% 3.22% 4.32% 4.61%
Earnings before Tax (EBT) 1 318.4 275.6 451 782 -153 171.9 176.8 212.7
Net income 1 251 221.7 339 440 -107 135.3 140.2 168.6
Net margin 6.7% 4.78% 5.46% 6.8% -3.74% 2.69% 2.55% 2.96%
EPS 2 17.26 15.25 23.26 30.28 -7.390 9.321 9.635 11.59
Free Cash Flow 1 -492.6 633.9 240 - -176 261.5 121 187.5
FCF margin -13.15% 13.68% 3.86% - -6.15% 5.19% 2.2% 3.29%
FCF Conversion (EBITDA) - 125.78% 34.38% - - 61.64% 25.8% 37.3%
FCF Conversion (Net income) - 285.94% 70.8% - - 193.29% 86.32% 111.19%
Dividend per Share 2 - 7.500 11.50 - - 1.824 2.225 2.740
Announcement Date 2/20/20 2/19/21 2/18/22 2/17/23 2/22/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 1,694 1,746 1,691 1,479 1,555 631 674 643 915 1,172 1,262 1,264 1,336
EBITDA 178 165 223 535 - - - - - - - - -
EBIT 1 112 108 147 451 132 -14 -10 -28 -15 21 39.5 45 56.5
Operating Margin 6.61% 6.19% 8.69% 30.49% 8.49% -2.22% -1.48% -4.35% -1.64% 1.79% 3.13% 3.56% 4.23%
Earnings before Tax (EBT) 1 118 83 54 444 203 8 80 -115 -126 89 20 25.5 37
Net income 1 88 63 32 366 -21 7 64 -89 -89 70 15.5 20.5 29.5
Net margin 5.19% 3.61% 1.89% 24.75% -1.35% 1.11% 9.5% -13.84% -9.73% 5.97% 1.23% 1.62% 2.21%
EPS 2 6.020 4.300 2.200 25.20 -1.420 0.4600 4.270 -6.160 -6.110 4.830 1.090 1.400 2.015
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/18/22 5/12/22 8/17/22 11/11/22 2/17/23 5/11/23 8/17/23 11/16/23 2/22/24 5/16/24 - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 593 - 198 - 1,349 1,042 944 782
Net Cash position 1 - 20 - - - - - -
Leverage (Debt/EBITDA) 1.201 x - 0.2837 x - 33.72 x 2.456 x 2.011 x 1.556 x
Free Cash Flow 1 -493 634 240 - -176 262 121 188
ROE (net income / shareholders' equity) 32.4% 26.1% 35.6% - -6% 8.03% 7.68% 8.6%
ROA (Net income/ Total Assets) 10.7% 7.91% 10.3% - -2.7% 2.95% 2.96% 3.53%
Assets 1 2,354 2,803 3,301 - 3,961 4,592 4,732 4,772
Book Value Per Share 2 61.30 55.50 75.80 - 112.0 121.0 130.0 140.0
Cash Flow per Share - - - - - - - -
Capex 1 162 59.7 247 - 149 187 169 175
Capex / Sales 4.33% 1.29% 3.98% - 5.2% 3.71% 3.07% 3.07%
Announcement Date 2/20/20 2/19/21 2/18/22 2/17/23 2/22/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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