Company Valuation: RaySearch Laboratories AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,937 2,331 3,096 7,405 7,816 5,954 - -
Change - 20.35% 32.79% 139.2% 5.56% -23.83% - -
Enterprise Value (EV) 1 2,397 2,727 3,281 7,414 7,804 6,109 5,961 5,756
Change - 13.78% 20.33% 125.95% 5.26% -21.72% -2.42% -3.44%
P/E -40.9x 98.6x 37.9x 36.4x 34.3x 22.2x 17.8x 15.1x
PBR 2.98x 3.55x 4.21x 8.45x 7.93x 6.76x 5.59x 4.58x
PEG - -1x 0x 0x 2.9x 1.1x 0.7x 0.9x
Capitalization / Revenue 3.02x 2.76x 3.03x 6.21x 5.81x 4.26x 3.65x 3.22x
EV / Revenue 3.74x 3.23x 3.21x 6.22x 5.81x 4.37x 3.65x 3.12x
EV / EBITDA 12.2x 8.03x 8.2x 13.3x 13.4x 9.55x 8.01x 6.66x
EV / EBIT -44.8x 63.9x 28.6x 28.5x 26.7x 17.3x 13.7x 10.6x
EV / FCF 234x - - - 21.7x 32.3x 20.8x 15.8x
FCF Yield 0.43% - - - 4.6% 3.09% 4.81% 6.34%
Dividend per Share 2 - - 0.7 3 3 4 4.77 5.87
Rate of return - - 0.78% 1.39% 1.32% 2.26% 2.69% 3.31%
EPS 2 -1.38 0.69 2.38 5.94 6.65 7.995 9.97 11.74
Distribution rate - - 29.4% 50.5% 45.1% 50% 47.8% 50%
Net sales 1 641.1 843.6 1,022 1,192 1,344 1,396 1,632 1,848
EBITDA 1 196.7 339.7 400.1 558 583.5 639.5 744.5 864.5
EBIT 1 -53.5 42.7 114.9 260.5 292.3 353 435 543.5
Net income 1 -47.3 23.8 81.57 203.5 227.8 272 337.5 422.5
Net Debt 1 459.7 395.9 185.7 9.2 -12.5 155 7 -198
Reference price 2 56.50 68.00 90.30 216.00 228.00 177.10 177.10 177.10
Nbr of stocks (in thousands) 34,283 34,283 34,283 34,283 34,283 33,618 - -
Announcement Date 2/23/22 2/28/23 2/23/24 2/21/25 2/12/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.15x4.37x9.55x2.26% 622M
42.12x10.16x22.39x-.--% 44.54B
97.03x52.79x67.03x0.54% 13.1B
75.23x12.87x51.87x0.55% 5.85B
-58.05x16.45x-107.72x - 4.25B
-7.03x62.88x-7.13x - 2.1B
34.95x - - -.--% 1.57B
-129.52x - - - 1.1B
6.94x - - - 1.02B
Average 9.31x 26.59x 6.00x 0.67% 8.24B
Weighted average by Cap. 43.95x 20.21x 24.29x 0.18%

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

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  4. Valuation RaySearch Laboratories AB