Financials Heimstaden AB

Equities

HEIM PREF

SE0015949037

Real Estate Development & Operations

Market Closed - Nasdaq Stockholm 11:21:02 2024-04-26 am EDT 5-day change 1st Jan Change
9.18 SEK -1.29% Intraday chart for Heimstaden AB +7.62% -35.71%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,115 5,924 5,551 6,348 3,813 2,722
Enterprise Value (EV) 1 46,027 58,144 70,921 163,263 193,612 193,330
P/E ratio 2.58 x 1.45 x 1.25 x 0.43 x -0.82 x -0.18 x
Yield 6.08% 5.25% 5.6% 6.01% 10% -
Capitalization / Revenue 1.5 x 1.17 x 0.79 x 0.63 x 0.26 x 0.17 x
EV / Revenue 13.5 x 11.5 x 10.1 x 16.3 x 13 x 12 x
EV / EBITDA 26.5 x 21.3 x 18.8 x 50.9 x 23.6 x 22.5 x
EV / FCF -133 x 49.6 x 53.8 x 27.8 x -19,606 x 125 x
FCF Yield -0.75% 2.01% 1.86% 3.6% -0.01% 0.8%
Price to Book 0.31 x 0.28 x 0.25 x 0.18 x 0.1 x 0.15 x
Nbr of stocks (in thousands) 155,478 155,478 155,478 190,634 190,634 190,634
Reference price 2 32.90 38.10 35.70 33.30 20.00 14.28
Announcement Date 4/30/19 4/9/20 3/18/21 2/28/22 2/24/23 2/26/24
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,413 5,059 7,048 10,011 14,842 16,139
EBITDA 1 1,740 2,736 3,766 3,210 8,210 8,611
EBIT 1 1,734 2,730 3,749 3,204 8,186 8,571
Operating Margin 50.81% 53.96% 53.19% 32.01% 55.15% 53.11%
Earnings before Tax (EBT) 1 3,745 7,703 10,640 24,194 -6,996 -29,265
Net income 1 1,979 4,099 4,431 10,208 -4,628 -15,171
Net margin 57.98% 81.02% 62.87% 101.97% -31.18% -94%
EPS 2 12.73 26.36 28.50 77.45 -24.28 -79.58
Free Cash Flow 1 -346 1,171 1,318 5,882 -9.875 1,546
FCF margin -10.14% 23.15% 18.7% 58.75% -0.07% 9.58%
FCF Conversion (EBITDA) - 42.8% 34.99% 183.26% - 17.95%
FCF Conversion (Net income) - 28.57% 29.74% 57.62% - -
Dividend per Share 2 2.000 2.000 2.000 2.000 2.000 -
Announcement Date 4/30/19 4/9/20 3/18/21 2/28/22 2/24/23 2/26/24
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 40,912 52,220 65,370 156,915 189,799 190,608
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 23.51 x 19.09 x 17.36 x 48.89 x 23.12 x 22.14 x
Free Cash Flow 1 -346 1,171 1,318 5,882 -9.88 1,546
ROE (net income / shareholders' equity) 12.1% 12.8% 12.3% 17% -3.68% -16.7%
ROA (Net income/ Total Assets) 1.59% 1.61% 1.62% 0.77% 1.35% 1.39%
Assets 1 124,114 254,533 274,128 1,317,671 -343,680 -1,091,989
Book Value Per Share 2 106.0 134.0 144.0 180.0 192.0 96.30
Cash Flow per Share 2 30.70 68.70 70.10 107.0 59.40 65.50
Capex - - - - - 68
Capex / Sales - - - - - 0.42%
Announcement Date 4/30/19 4/9/20 3/18/21 2/28/22 2/24/23 2/26/24
1SEK in Million2SEK
Estimates