Company Valuation: Volvo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 427,626 387,546 534,513 546,897 601,921 680,163 - -
Change - -9.37% 37.92% 2.32% 10.06% 13% - -
Enterprise Value (EV) 1 377,226 326,246 467,813 479,697 553,521 622,926 609,214 598,182
Change - -13.51% 43.39% 2.54% 15.39% 12.54% -2.2% -1.81%
P/E 13x 11.7x 10.7x 10.8x 17.5x 16.3x 13.7x 12.6x
PBR 3.02x 2.36x 2.99x 2.82x 3.37x 3.49x 3.2x 2.96x
PEG - -62.87x 0.2x 9.45x -0.6x 0.8x 0.7x 1.53x
Capitalization / Revenue 1.15x 0.82x 0.97x 1.04x 1.26x 1.38x 1.28x 1.21x
EV / Revenue 1.01x 0.69x 0.85x 0.91x 1.16x 1.27x 1.15x 1.07x
EV / EBITDA 6.31x 4.58x 4.73x 5.43x 7.41x 8.04x 6.86x 6.24x
EV / EBIT 9.2x 6.46x 6.03x 7.3x 10.8x 11x 9.12x 8.22x
EV / FCF 24.3x 25.5x 42x 16.8x 27.5x 19.3x 15.5x 14.4x
FCF Yield 4.12% 3.92% 2.38% 5.95% 3.64% 5.17% 6.46% 6.96%
Dividend per Share 2 13 14 18 18.5 13 15.39 17.97 19.24
Rate of return 6.2% 7.43% 6.88% 6.89% 4.39% 4.6% 5.37% 5.75%
EPS 2 16.12 16.09 24.5 24.78 16.94 20.57 24.44 26.45
Distribution rate 80.6% 87% 73.5% 74.7% 76.7% 74.8% 73.5% 72.7%
Net sales 1 372,216 473,479 552,764 526,816 479,183 491,993 530,305 560,055
EBITDA 1 59,735 71,196 98,865 88,266 74,704 77,521 88,747 95,938
EBIT 1 41,015 50,467 77,638 65,718 51,218 56,761 66,769 72,810
Net income 1 32,787 32,722 49,825 50,389 34,456 42,015 51,196 55,624
Net Debt 1 -50,400 -61,300 -66,700 -67,200 -48,400 -57,237 -70,948 -81,981
Reference price 2 209.65 188.48 261.70 268.60 295.90 334.40 334.40 334.40
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.14x0.56x6.11x4.8% 14.59B
12.73x0.36x7.77x5.15% 3.74B
9.81x0.39x2.48x2.72% 2.73B
10.75x0.46x4.71x3.69% 2.14B
10.39x0.27x2.86x4.89% 1.92B
Average 11.16x 0.41x 4.79x 4.25% 5.02B
Weighted average by Cap. 11.72x 0.48x 5.60x 4.54%

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