Financials Investor AB

Equities

INVE A

SE0015811955

Investment Holding Companies

Market Closed - Nasdaq Stockholm 11:29:57 2024-02-21 am EST 5-day change 1st Jan Change
251.7 SEK -0.59% Intraday chart for Investor AB +1.08% +8.73%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 288,103 389,734 458,189 711,166 584,130 775,926 775,926 -
Enterprise Value (EV) 1 341,896 441,416 478,001 725,657 594,393 726,575 789,864 789,864
P/E ratio -129 x 3.83 x 8.67 x 3.21 x - - - -
Yield 3.44% 2.76% 2.34% 1.68% 2.27% 2.07% 1.98% 2.13%
Capitalization / Revenue 6.78 x 9.23 x 11.7 x 17.5 x 11.3 x 9.92 x 10.3 x 10.9 x
EV / Revenue 8.05 x 10.5 x 12.2 x 17.8 x 11.5 x 10.1 x 10.5 x 11.1 x
EV / EBITDA 49.3 x 52.8 x 53.8 x 80.7 x 55 x 41.3 x 42.4 x 40.2 x
EV / FCF 33,657,838 x 35,455,091 x 58,406,772 x 69,394,389 x - - - -
FCF Yield 0% 0% 0% 0% - - - -
Price to Book - - - 1.07 x 0.98 x - - -
Nbr of stocks (in thousands) 3,060,226 3,061,024 3,062,209 3,063,178 3,062,872 3,062,900 3,062,900 -
Reference price 2 94.50 126.6 149.4 238.6 193.8 251.7 251.7 251.7
Announcement Date 1/24/19 1/22/20 1/21/21 1/21/22 1/20/23 1/19/24 - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 42,492 42,239 39,323 40,737 51,812 71,862 75,135 71,326
EBITDA 1 6,942 8,358 8,879 8,997 10,802 17,577 18,613 19,666
EBIT 1 3,604 3,409 4,469 3,972 5,110 132,744 48,790 49,570
Operating Margin 8.48% 8.07% 11.36% 9.75% 9.86% 184.72% 64.94% 69.5%
Earnings before Tax (EBT) -914 102,650 - - - - - -
Net income 1 -2,252 101,226 52,790 228,065 -74,681 127,045 42,721 43,490
Net margin -5.3% 239.65% 134.25% 559.85% -144.14% 176.79% 56.86% 60.97%
EPS -0.7350 33.05 17.23 74.41 - - - -
Free Cash Flow 10,158 12,450 8,184 10,457 - - - -
FCF margin 23.91% 29.48% 20.81% 25.67% - - - -
FCF Conversion (EBITDA) 146.33% 148.96% 92.17% 116.23% - - - -
FCF Conversion (Net income) - 12.3% 15.5% 4.59% - - - -
Dividend per Share 2 3.250 3.500 3.500 4.000 4.400 4.800 4.980 5.350
Announcement Date 1/24/19 1/22/20 1/21/21 1/21/22 1/20/23 1/19/24 - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q4 2023 Q1 2023 Q2 2023 Q4 2024 Q1
Net sales 1 14,168 16,998 17,789 19,022 17,978
EBITDA 1 2,872 4,012 4,407 4,483 4,357
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) - - - - -
Net income - - - - -
Net margin - - - - -
EPS - - - - -
Dividend per Share - - - - -
Announcement Date 1/20/23 4/21/23 7/17/23 1/19/24 -
1SEK in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 53,793 51,682 19,812 14,491 10,263 13,938 13,938 13,938
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.749 x 6.184 x 2.231 x 1.611 x 0.9501 x 0.793 x 0.7488 x 0.7087 x
Free Cash Flow 10,158 12,450 8,184 10,457 - - - -
ROE (net income / shareholders' equity) 2.75% 27.1% 12% 39.9% 1.26% 19.2% 7.06% 7.19%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share - - - 223.0 197.0 - - -
Cash Flow per Share - - - - - - - -
Capex 1,776 2,090 2,786 3,799 - - - -
Capex / Sales 4.18% 4.95% 7.08% 9.33% - - - -
Announcement Date 1/24/19 1/22/20 1/21/21 1/21/22 1/20/23 1/19/24 - -
1SEK in Million
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
251.7 SEK
Average target price
250.7 SEK
Spread / Average Target
-0.41%
Consensus

Quarterly revenue - Rate of surprise

1st Jan change Capi.
+8.73% 75 383 M $
+1.79% 20 642 M $
+0.57% 16 375 M $
+22.71% 14 484 M $
+4.44% 14 378 M $
+1.20% 13 410 M $
+11.17% 12 113 M $
+14.71% 11 830 M $
+1.23% 11 339 M $
+26.90% 10 725 M $
Other Holding Companies
+229% on MICROSOFT CORPORATION since our purchase on January 11, 2019
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