Press the button and be introduced to a new random company!

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

Arise

Arise

SEKm 2021 2022e 2023e
Sales 279 1167 833
Sales growth (%) 114,6 318,3 -28,6
EBITDA 142 847 546
EBITDA margin (%) 50,9 72,5 65,5
EBIT adj 83 782 480
EBIT adj margin (%) 29,6 67 57,6
Pretax profit 57 738 452
EPS rep 1,48 17,71 9,56
EPS growth (%) 148 1099,4 -46
EPS adj 1,48 17,71 9,56
DPS 0 0 0
EV/EBITDA (x) 15,3 3,2 4,4
EV/EBIT adj (x) 26,3 3,5 5
P/E (x) 30,9 3,8 7,1
P/E adj (x) 30,9 3,8 7,1
EV/sales (x) 7,8 2,3 2,9
FCF yield (%) -0,2 18,8 11,6
Dividend yield (%) 0 0 0
Net IB debt/EBITDA 3 -0,1 -0,8
Lease adj. FCF yield (%) -0,5 18,4 11,3
Lease adj. ND/EBITDA 2,7 -0,2 -0,9
SEKm 2021 2022e 2023e
Leasing payments -8 -10 -14
Sales 279 1167 833
COGS 0 0 0
Gross profit 279 1167 833
Other operating items -137 -320 -288
EBITDA 142 847 546
Depreciation on tangibles -62 -60 -54
Depreciation on intangibles 0 0 0
EBITA 79 782 480
Goodwill impairment charges 0 0 0
Other impairment and amortisation 0 0 0
EBIT 79 782 480
Other financial items 0 0 0
Net financial items -21 -44 -28
Associated income 0 0 0
Other EO items 0 0 0
Pretax profit 57 738 452
Tax 0 0 -44
Net profit 57 738 407
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders 57 738 407
EPS 1,48 17,71 9,56
EPS Adj 1,48 17,71 9,56
Total extraordinary items after tax -4 0 0
Tax rate (%) 0 0 -9,8
Gross margin (%) 100 100 100
EBITDA margin (%) 50,9 72,5 65,5
EBITA margin (%) 28,1 67 57,6
EBIT margin (%) 28,1 67 57,6
Pretax margin (%) 20,5 63,2 54,2
Net margin (%) 20,5 63,2 48,9
Growth rates Y/Y 2021 2022 2023
Sales growth (%) 114,6 318,3 -28,6
EBITDA growth (%) 325,3 495,8 -35,6
EBIT growth (%) 314,6 896,3 -38,7
Net profit growth (%) 152,6 1192,6 -44,8
EPS growth (%) 148 1099,4 -46
Profitability 2021 2022 2023
ROE (%) 8,3 70,6 25,2
ROE Adj (%) 8,9 70,6 25,2
ROCE (%) 6,1 42,2 18,1
ROCE Adj(%) 6,4 42,2 18,1
ROIC (%) 6,7 64,4 31,6
ROIC Adj (%) 7,1 64,4 31,6
Adj earnings numbers 2021 2022 2023
EBITDA Adj 146 847 546
EBITDA Adj margin (%) 52,4 72,5 65,5
EBITA Adj 83 782 480
EBITA Adj margin (%) 29,6 67 57,6
EBIT Adj 83 782 480
EBIT Adj margin (%) 29,6 67 57,6
Pretax profit Adj 61 738 452
Net profit Adj 61 738 407
Net profit to shareholders Adj 61 738 407
Net Adj margin (%) 21,9 63,2 48,9
Depreciation and amortisation -64 -64 -66
Of which leasing depreciation -8 -10 -14
EO items -4 0 0
Impairment and PPA amortisation 0 0 0
EBITDA lease Adj 138 837 532
EBITDA lease Adj margin (%) 49,5 71,7 63,8
SEKm 2021 2022e 2023e
EBITDA 142 847 546
Net financial items -21 -44 -28
Paid tax 0 0 -44
Non-cash items 0 0 0
Cash flow before change in WC 121 803 473
Change in WC -72 48 -44
Operating cash flow 49 850 429
CAPEX tangible fixed assets -30 -140 -100
CAPEX intangible fixed assets 0 0 0
Acquisitions and disposals -23 -180 0
Free cash flow -4 530 329
Dividend paid 0 0 0
Share issues and buybacks 0 0 0
Other non cash items -69 -155 100
Decrease in net IB debt 24 92 513
Balance Sheet (SEKm) 2021 2022 2023
Goodwill 0 0 0
Indefinite intangible assets 0 0 0
Definite intangible assets 0 0 0
Tangible fixed assets 1168 1434 1482
Other fixed assets 17 40 40
Fixed assets 1298 1564 1608
Inventories 1 6 4
Receivables 14 59 42
Other current assets 127 233 167
Cash and liquid assets 70 1053 1372
Total assets 1511 2915 3193
Shareholders equity 676 1414 1822
Minority 0 0 0
Total equity 676 1414 1822
Long-term debt 370 960 960
Pension debt 0 0 0
Convertible debt 0 0 0
Deferred tax 0 0 0
Other long-term liabilities 0 0 0
Short-term debt 147 20 20
Accounts payable 15 63 33
Other current liabilities 195 350 250
Total liabilities and equity 1511 2915 3193
Net IB debt 430 -90 -409
Net IB debt excl. pension debt 430 -90 -409
Capital invested 1106 1324 1412
Working capital -67 -115 -71
EV breakdown 2021 2022 2023
Market cap. diluted (m) 1743 2826 2826
Net IB debt Adj 430 -90 -409
Market value of minority 0 0 0
Reversal of shares and participations 0 0 0
Reversal of conv. debt assumed equity 0 0 0
EV 2172 2736 2417
Capital efficiency (%) 2021 2022 2023
Total assets turnover (%) 19,1 52,7 27,3
Capital invested turnover (%) 10 27,2 77,4
Capital employed turnover (%) 8,5 24,5 57,8
Inventories / sales (%) 3,5 1,1 0,9
Customer advances / sales (%) 0 0 0
Payables / sales (%) 7,4 2,8 1,5
Working capital / sales (%) -8,8 -7,8 -11,1
Financial risk and debt service 2021 2022 2023
Net debt / equity (%) 63,6 -6,4 -22,5
Net debt / market cap (%) 24,8 -3,2 -14,5
Equity ratio (%) 44,7 48,5 57,1
Net IB debt adj. / equity (%) 63,6 -6,4 -22,5
Current ratio (%) 59,2 310 517,5
EBITDA / net interest (%) 664 1924 1948,2
Net IB debt / EBITDA (%) 302,3 -10,7 -75,1
Interest cover (%) 366,8 1777,5 1712,7
Lease liability amortisation -5 -10 -10
Other intangible assets 0 0 0
Right-of-use asset 55 55 51
Total other fixed assets 75 75 75
Leasing liability 58 58 58
Total other long-term liabilities 50 50 50
Net IB debt excl. leasing 372 -148 -467
Net IB debt / EBITDA lease Adj (%) 269,1 -17,7 -87,9
SEKm 2021 2022e 2023e
Shares outstanding adj. 38 42 42
Fully diluted shares Adj 38 42 42
EPS 1,48 17,71 9,56
Dividend per share Adj 0 0 0
EPS Adj 1,48 17,71 9,56
BVPS 17,73 34,07 43,89
BVPS Adj 17,73 34,07 43,89
Net IB debt / share 11,3 -2,2 -9,9
Share price 45,35 68,1 68,1
Market cap. (m) 1729 2826 2826
Valuation 2021 2022 2023
P/E 30,9 3,8 7,1
EV/sales 7,79 2,34 2,9
EV/EBITDA 15,3 3,2 4,4
EV/EBITA 27,7 3,5 5
EV/EBIT 27,7 3,5 5
Dividend yield (%) 0 0 0
FCF yield (%) -0,2 18,8 11,6
P/BVPS 2,58 2 1,55
P/BVPS Adj 2,58 2 1,55
P/E Adj 30,9 3,8 7,1
EV/EBITDA Adj 14,9 3,2 4,4
EV/EBITA Adj 26,3 3,5 5
EV/EBIT Adj 26,3 3,5 5
EV/cap. employed 1,7 1,1 0,8
Investment ratios 2021 2022 2023
Capex / sales 10,8 12 12
Capex / depreciation 54 257,1 192,4
Capex tangibles / tangible fixed assets 2,6 9,8 6,7
Capex intangibles / definite intangibles 0 0 0
Depreciation on intangibles / definite intangibles 0 0 0
Depreciation on tangibles / tangibles 4,8 3,8 3,5
Lease adj. FCF yield (%) -0,5 18,4 11,3

Key Figure Counter

It is not always easy to generate comparative valuations. Therefore, in order to make it easier for you as an investor, we have created this key figure calculator. Enter share price in the field below and then select the year in which you want to retrieve the financial data.

Update

P/E

Learn more

A common valuation multiple, the share price is divided by earnings per share.

P/E ratio stands for Price and Earnings. By dividing a company's market cap to its earnings, investors get a key ratio which they are able to compare between different companies. The ratio can either be calculated on historical or forward-looking numbers. 

It is important to notice that earnings are calculated after taxes, which mean that they can vary between companies due to different accounting standards.

7,1

EV/EBIT

Learn more

EV stands for Enterprise Value and is calculated as a company's markets cap in addition to its net debt. The net debt itself is computed through the company's interest-bearing debt minus total cash and cash equivalents. 

EBIT is the Earnings Before Interest and Taxes which is the operating income. This result, in comparison to the P/E ratio, is not affected by any financial items.

(
)
5,1

EV/Sales

Learn more

EV stands for Enterprise Value and is calculated as a company's market cap adjusted for its net debt. The net debt itself is computed through the company's interest-bearing debt minus total cash and cash equivalents. S is the company's total sales.

(
)
2,9

P/BVPS

Learn more

P/B stands for Price to Book, which is used to compare a share's market cap to its book value. A P/B ratio that is below one is considered to be valued below its assets.

Companies with high return on equity are usually associated with high P/B ratios, and vice versa. 

 

(
)
1,6