Financials Solid Försäkringsaktiebolag

Equities

SFAB

SE0017082548

Multiline Insurance & Brokers

Market Closed - Nasdaq Stockholm 11:29:39 2024-04-26 am EDT 5-day change 1st Jan Change
73.2 SEK -3.68% Intraday chart for Solid Försäkringsaktiebolag -1.35% +14.91%

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 1,175 1,317 1,228
Enterprise Value (EV) 1 561.9 713.1 874.9
P/E ratio 9.79 x 11.9 x 7.35 x
Yield - 4.33% 7.06%
Capitalization / Revenue 1.14 x 1.2 x 1.04 x
EV / Revenue 0.55 x 0.65 x 0.74 x
EV / EBITDA 3.29 x 4.98 x 3.88 x
EV / FCF 2,894,898 x 4,673,245 x 10,003,986 x
FCF Yield 0% 0% 0%
Price to Book 3.59 x 3.2 x 2.58 x
Nbr of stocks (in thousands) 20,000 20,000 19,284
Reference price 2 58.75 65.85 63.70
Announcement Date 3/22/22 3/21/23 3/20/24
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 831.7 931.2 928.5 1,029 1,095 1,186
EBITDA 1 88.4 133 130.6 170.6 143.3 225.5
EBIT 1 83.92 125.5 120.7 160.6 136.5 218.6
Operating Margin 10.09% 13.47% 13% 15.61% 12.47% 18.43%
Earnings before Tax (EBT) 1 18.87 63.44 60.6 151.4 139.2 219.8
Net income 1 14.34 49.46 43.37 120 110.7 165.4
Net margin 1.72% 5.31% 4.67% 11.66% 10.11% 13.94%
EPS 2 0.7168 2.473 2.169 5.999 5.543 8.671
Free Cash Flow - 145.6 83.22 194.1 152.6 87.46
FCF margin - 15.64% 8.96% 18.87% 13.94% 7.37%
FCF Conversion (EBITDA) - 109.51% 63.74% 113.78% 106.48% 38.79%
FCF Conversion (Net income) - 294.47% 191.87% 161.77% 137.9% 52.89%
Dividend per Share - - - - 2.850 4.500
Announcement Date 11/22/21 11/22/21 11/22/21 3/22/22 3/21/23 3/20/24
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 222 305 328 613 604 353
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow - 146 83.2 194 153 87.5
ROE (net income / shareholders' equity) - 55.9% 27.2% 45% 30% 38%
ROA (Net income/ Total Assets) - 5.84% 5.25% 6.48% 5.01% 7.61%
Assets 1 - 846.8 825.7 1,852 2,208 2,173
Book Value Per Share 2 3.200 5.650 10.30 16.40 20.60 24.70
Cash Flow per Share 2 11.10 15.30 16.40 30.70 30.20 19.00
Capex 1 4.99 0.4 - - - -
Capex / Sales 0.6% 0.04% - - - -
Announcement Date 11/22/21 11/22/21 11/22/21 3/22/22 3/21/23 3/20/24
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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