Company Valuation: Investor AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 711,166 584,130 712,637 895,886 1,009,862 1,147,382 - -
Change - -17.86% 22% 25.71% 12.72% 13.62% - -
Enterprise Value (EV) 1 725,657 594,393 726,575 908,080 1,033,249 1,170,769 1,170,769 1,170,769
Change - -18.09% 22.24% 24.98% 13.78% 13.31% 0% 0%
P/E ratio 3.21x - - - - - - -
PBR 1.07x 0.98x - - - - - -
PEG - - - - - - - -
Capitalization / Revenue 17.5x 11.3x 9.92x 11.8x 15.6x 17.2x 16.9x 15.7x
EV / Revenue 17.8x 11.5x 10.1x 12x 15.9x 17.6x 17.2x 16x
EV / EBITDA 80.7x 55x 41.3x 47.9x 50.5x 73x 73x -
EV / EBIT 183x 116x 5.47x 7.44x 6.35x 16.7x 23.9x 13.6x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 4 4.4 4.8 5.2 - 6 6.4 6.8
Rate of return 1.68% 2.27% 2.07% 1.78% - 1.61% 1.71% 1.82%
EPS 2 74.41 - - - - - - -
Distribution rate 5.38% - - - - - - -
Net sales 1 40,737 51,812 71,862 75,681 64,826 66,649 68,030 73,002
EBITDA 1 8,997 10,802 17,577 18,963 20,446 16,037 16,037 -
EBIT 1 3,972 5,110 132,744 122,090 162,782 70,241 49,026 86,396
Net income 1 228,065 -74,681 127,045 113,338 157,494 121,150 79,185 81,161
Net Debt 1 14,491 10,263 13,938 12,194 23,387 23,387 23,387 23,387
Reference price 2 238.60 193.85 231.50 292.20 328.70 373.40 373.40 373.40
Nbr of stocks (in thousands) 3,063,178 3,062,872 3,062,660 3,062,896 3,062,899 3,063,309 - -
Announcement Date 1/21/22 1/20/23 1/19/24 1/23/25 1/22/26 - - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 17.57x73x1.61% 125B
11.85x1.13x4.51x2.04% 18.28B
7.34x14.87x - 1.24% 13.53B
6.51x9.54x27.84x2.57% 11.94B
7.59x0.47x6.98x3.74% 11.58B
Average 8.32x 8.71x 28.08x 2.24% 36.04B
Weighted average by Cap. 8.70x 14.06x 57.67x 1.82%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield