Company Valuation: Sagax

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 101,048 78,649 97,299 80,428 71,103 58,371 - -
Change - -22.17% 23.71% -17.34% -11.59% -17.91% - -
Enterprise Value (EV) 1 127,317 109,965 127,614 115,275 109,733 102,648 102,599 102,278
Change - -13.63% 16.05% -9.67% -4.81% -6.46% -0.05% -0.31%
P/E - - - - - 10.6x 9.6x 9.39x
PBR - - - - - 1.18x 1.07x 0.99x
PEG - - - - - - 0.9x 4.18x
Capitalization / Revenue 32.4x 21.1x 22.5x 15.9x 13.2x 10.4x 9.7x 9.36x
EV / Revenue 40.8x 29.5x 29.6x 22.8x 20.3x 18.3x 17x 16.4x
EV / EBITDA 52.5x 38.5x 37.9x 28.8x 25.8x 21.7x 20x 19.1x
EV / EBIT 24.8x 30.3x 29.6x 22.5x 20.5x 17.5x 16.7x 16x
EV / FCF -56.9x 43.8x 47.9x 51.9x 41.6x -192x 37.4x 34.6x
FCF Yield -1.76% 2.28% 2.09% 1.93% 2.4% -0.52% 2.68% 2.89%
Dividend per Share 2 - - - - 3.7 3.734 3.92 4.044
Rate of return - - - - 1.89% 2.38% 2.5% 2.58%
EPS 2 - - - - - 14.79 16.36 16.72
Distribution rate - - - - - 25.2% 24% 24.2%
Net sales 1 3,123 3,727 4,318 5,063 5,402 5,621 6,020 6,238
EBITDA 1 2,426 2,858 3,369 4,004 4,254 4,726 5,118 5,364
EBIT 1 5,144 3,624 4,306 5,112 5,362 5,860 6,140 6,395
Net income 1 9,807 2,718 -13 5,255 4,048 4,504 4,418 4,550
Net Debt 1 26,269 31,316 30,315 34,847 38,630 44,277 44,229 43,907
Reference price 2 303.00 239.00 274.00 225.00 196.00 157.00 157.00 157.00
Nbr of stocks (in thousands) 443,915 444,281 464,596 464,686 464,709 494,709 - -
Announcement Date 2/11/22 2/17/23 2/22/24 2/21/25 2/9/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.12x16.07x20.16x5.65% 7.2B
11.44x12.65x15.8x2.37% 3.05B
14.12x7.45x17.94x4.36% 2.13B
10.18x - - - 1.56B
8.99x3.4x8.83x4.18% 1.15B
12.72x15.11x17.54x1.26% 898M
8.98x11.61x23.14x-.--% 718M
12.49x16.38x18.63x4.32% 646M
Average 10.63x 11.81x 17.43x 3.16% 2.17B
Weighted average by Cap. 9.29x 13.08x 18.11x 4.17%

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