Company Valuation: Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 427,626 387,546 534,513 546,897 601,921 651,925 - -
Change - -9.37% 37.92% 2.32% 10.06% 8.31% - -
Enterprise Value (EV) 1 377,226 326,246 467,813 479,697 553,521 595,356 583,161 572,376
Change - -13.51% 43.39% 2.54% 15.39% 7.56% -2.05% -1.85%
P/E 13x 11.7x 10.7x 10.8x 17.5x 15.4x 12.5x 11.5x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.32x 3.01x 2.78x
PEG - -62.87x 0.2x 9.45x -0.6x 0.7x 0.5x 1.33x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.3x 1.19x 1.13x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.18x 1.06x 0.99x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 7.63x 6.43x 5.85x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 10.3x 8.36x 7.55x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 17.2x 13.8x 12.3x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.81% 7.24% 8.11%
Dividend per Share 2 13 14 18 18.5 13 15.29 18.37 19.9
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 4.77% 5.73% 6.21%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.75 25.57 27.77
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 73.7% 71.9% 71.7%
Net sales 1 372,216 473,479 552,764 526,816 479,183 502,475 548,767 577,321
EBITDA 1 59,735 71,196 98,865 88,266 74,704 78,070 90,761 97,813
EBIT 1 41,015 50,467 77,638 65,718 51,218 57,811 69,746 75,764
Net income 1 32,787 32,722 49,825 50,389 34,456 42,246 52,461 56,922
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -56,569 -68,764 -79,549
Reference price 2 209.65 188.48 261.70 268.60 295.90 320.50 320.50 320.50
Nbr of stocks (in thousands) 2,033,452 2,033,452 2,033,452 2,033,452 2,033,452 2,033,452 - -
Announcement Date 1/28/22 1/26/23 1/26/24 1/29/25 1/28/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.1x4.63x20.69x0.85% 333B
34.91x5.44x29.66x1.04% 170B
15.44x1.18x7.62x4.77% 65.84B
18.49x1.72x13.93x2.95% 57.94B
30.33x4.26x18.03x0.43% 47.87B
15.73x1.6x9.16x2.75% 39.65B
11.16x1.05x10.49x4.68% 34.88B
30.9x4.49x17.93x1.62% 29.59B
12.35x0.41x4.17x3.98% 26.05B
Average 21.82x 2.75x 14.63x 2.56% 89.52B
Weighted average by Cap. 25.78x 3.84x 19.23x 1.73%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Volvo

Historical PBR trend

Valuation ratios - PBR - Volvo

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Volvo

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Volvo


Year-on-year evolution of the Yield

Valuation ratios - Yield - Volvo