RATOS AB |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 35.36 SEK | +1.49% |
|
+2.26% | -2.00% |
| Apr. 07 | Norway industry workers, employers agree 5.2% wage increase | RE |
| Mar. 29 | Ratos AB (OM:RATO B) acquired unknown majority stake in Expin Group. | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,550 | 12,260 | 19,183 | 13,704 | 11,880 | 11,688 | - | - |
| Enterprise Value (EV) 1 | 10,550 | 12,260 | 24,986 | 24,172 | 19,998 | 17,927 | 15,652 | 13,224 |
| P/E ratio | - | - | 20.5 x | 24.7 x | 9.7 x | 11.1 x | 8.6 x | 8.49 x |
| Yield | - | 2.47% | 2.07% | 2.02% | 3.46% | 4.02% | 5.9% | 5.89% |
| Capitalization / Revenue | - | - | 0.85 x | 0.46 x | 0.35 x | 0.34 x | 0.32 x | 0.32 x |
| EV / Revenue | - | - | 1.11 x | 0.81 x | 0.59 x | 0.52 x | 0.43 x | 0.36 x |
| EV / EBITDA | - | - | 9.07 x | 8.17 x | 3.77 x | 4.63 x | 3.65 x | 2.9 x |
| EV / FCF | - | - | - | -7,964,535 x | - | - | - | - |
| FCF Yield | - | - | - | -0% | - | - | - | - |
| Price to Book | - | - | 1.57 x | 1.09 x | 0.96 x | 0.87 x | 0.82 x | 0.82 x |
| Nbr of stocks (in thousands) | 319,015 | 319,015 | 324,521 | 325,899 | 326,516 | 327,086 | - | - |
| Reference price 2 | 33.42 | 38.48 | 57.95 | 41.49 | 36.08 | 35.36 | 35.36 | 35.36 |
| Announcement Date | - | - | 2/14/22 | 2/13/23 | 1/22/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | 22,551 | 29,875 | 33,748 | 34,732 | 36,727 | 37,030 |
| EBITDA 1 | - | - | 2,754 | 2,958 | 5,308 | 3,873 | 4,285 | 4,552 |
| EBIT 1 | - | - | 1,772 | 1,618 | 3,010 | 2,252 | 2,594 | 2,872 |
| Operating Margin | - | - | 7.86% | 5.42% | 8.92% | 6.48% | 7.06% | 7.76% |
| Earnings before Tax (EBT) 1 | - | - | 1,306 | 1,178 | 2,273 | 1,736 | 2,189 | 2,372 |
| Net income 1 | - | - | 2,637 | 548 | 1,218 | 1,044 | 1,346 | 1,360 |
| Net margin | - | - | 11.69% | 1.83% | 3.61% | 3.01% | 3.67% | 3.67% |
| EPS 2 | - | - | 2.830 | 1.680 | 3.720 | 3.188 | 4.111 | 4.165 |
| Free Cash Flow | - | - | - | -3,035 | - | - | - | - |
| FCF margin | - | - | - | -10.16% | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | 0.9500 | 1.200 | 0.8400 | 1.250 | 1.421 | 2.086 | 2.083 |
| Announcement Date | - | - | 2/14/22 | 2/13/23 | 1/22/24 | - | - | - |
1SEK in Million2SEK
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 | 5,371 | 5,754 | 6,220 | 8,420 | 7,039 | 8,195 | 7,817 | 10,001 | 7,971 | 7,960 | 7,884 | 9,994 | 7,916 | 8,075 |
| EBITDA 1 | 606 | 474 | 334 | 1,239 | 739 | 646 | 661 | 1,421 | 896 | 2,331 | 735.7 | 1,390 | 928.4 | 818.8 |
| EBIT 1 | 208 | 215 | 5 | 925 | 406 | 282 | 285 | 1,038 | 481 | 1,206 | 335.7 | 979.6 | 508.4 | 388.8 |
| Operating Margin | 3.87% | 3.74% | 0.08% | 10.99% | 5.77% | 3.44% | 3.65% | 10.38% | 6.03% | 15.15% | 4.26% | 9.8% | 6.42% | 4.82% |
| Earnings before Tax (EBT) 1 | 122 | 289 | -98 | 825 | 343 | 109 | 90 | 831 | 309 | 1,042 | 185.7 | 829.6 | 358.4 | 238.8 |
| Net income 1 | 13 | 308 | -215 | 598 | 200 | -34 | -28 | 586 | 184 | 475 | 56.33 | 580.9 | 187.3 | 94.34 |
| Net margin | 0.24% | 5.35% | -3.46% | 7.1% | 2.84% | -0.41% | -0.36% | 5.86% | 2.31% | 5.97% | 0.71% | 5.81% | 2.37% | 1.17% |
| EPS 2 | 0.0400 | 0.9400 | -0.6600 | 1.830 | 0.6100 | -0.1100 | -0.0900 | 1.790 | 0.5700 | 1.450 | 0.1725 | 1.779 | 0.5736 | 0.2889 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | 1.407 | - | - |
| Announcement Date | 10/25/21 | 2/14/22 | 5/2/22 | 7/18/22 | 10/24/22 | 2/13/23 | 4/27/23 | 7/19/23 | 10/23/23 | 1/22/24 | - | - | - | - |
1SEK in Million2SEK
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 5,803 | 10,468 | 8,118 | 6,239 | 3,964 | 1,536 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.107 x | 3.539 x | 1.529 x | 1.611 x | 0.9252 x | 0.3375 x |
| Free Cash Flow | - | -3,035 | - | - | - | - |
| ROE (net income / shareholders' equity) | 24% | 4.6% | 10% | 8.05% | 9.82% | 9.91% |
| ROA (Net income/ Total Assets) | - | - | 3.32% | 2.96% | 3.61% | - |
| Assets 1 | - | - | 36,653 | 35,316 | 37,347 | - |
| Book Value Per Share 2 | 37.00 | 38.00 | 37.70 | 40.50 | 43.00 | 43.10 |
| Cash Flow per Share | - | - | - | - | - | - |
| Capex 1 | - | 405 | 231 | 460 | 510 | - |
| Capex / Sales | - | 1.36% | 0.68% | 1.32% | 1.39% | - |
| Announcement Date | 2/14/22 | 2/13/23 | 1/22/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
35.36
SEK
Average target price
42
SEK
Spread / Average Target
+18.78%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.00% | 1.07B | |
| -1.48% | 33.94B | |
| +3.65% | 31.94B | |
| 0.00% | 17.45B | |
| +6.42% | 5.54B | |
| -0.42% | 3.08B | |
| +15.23% | 2.98B | |
| +22.64% | 2.9B | |
| -18.98% | 2.24B | |
| +4.02% | 1.23B |
- Stock Market
- Equities
- RATO B Stock
- Financials Ratos AB
