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Bredband2

Bredband2

SEKm 2023 2024e 2025e
Sales 1580 1699 1768
Sales growth (%) 3,2 7,6 4
EBITDA 258 290 307
EBITDA margin (%) 16,3 17 17,4
EBIT adj. 120 149 167
EBIT adj. margin (%) 7,6 8,8 9,5
Pretax profit 108 139 157
EPS 0,09 0,11 0,13
EPS growth (%) 16,6 28,9 14,4
EPS adj. 0,12 0,14 0,15
DPS 0,09 0,11 0,13
EV/EBITDA (x) 8,1 7,3 6,8
EV/EBIT adj. (x) 17,4 14,3 12,5
P/E (x) 23,5 18,2 15,9
P/E adj. (x) 17,9 14,9 13,5
EV/sales (x) 1,32 1,25 1,18
FCF yield (%) 11,5 8,8 11,9
Le. adj. FCF yld. (%) 7,1 4,3 7,3
Dividend yield (%) 4,3 5,3 6,3
Net IB debt/EBITDA (x) 0,4 0,5 0,3
Le. adj. ND/EBITDA (x) -0,8 -0,7 -0,8
SEKm 2023 2024e 2025e
Sales 1580 1699 1768
COGS -1038 -1116 -1153
Gross profit 542 584 615
Other operating items -284 -294 -308
EBITDA 258 290 307
Depreciation and amortisation -104 -110 -112
of which leasing depreciation -87 -92 -92
EBITA 153 180 195
EO Items 0 0 0
Impairment and PPA amortisation -33 -31 -28
EBIT 120 149 167
Net financial items -12 -10 -10
Pretax profit 108 139 157
Tax -23 -30 -32
Net profit 85 109 125
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders 85 109 125
EPS 0,09 0,11 0,13
EPS adj. 0,12 0,14 0,15
Total extraordinary items after tax 0 0 0
Leasing payments -87 -90 -92
Tax rate (%) 21,4 21,3 20,6
Gross margin (%) 34,3 34,3 34,8
EBITDA margin (%) 16,3 17 17,4
EBITA margin (%) 9,7 10,6 11
EBIT margin (%) 7,6 8,8 9,5
Pre-tax margin (%) 6,8 8,2 8,9
Net margin (%) 5,4 6,4 7,1
Sales growth (%) 3,2 7,6 4
EBITDA growth (%) 6,8 12,5 6
EBITA growth (%) 19 17,3 8,5
EBIT growth (%) 26,6 24,2 12,2
Net profit growth (%) 16,6 28,9 14,4
EPS growth (%) 16,6 28,9 14,4
Profitability N/A N/A N/A
ROE (%) 15,8 19,9 21,9
ROE adj. (%) 22,1 25,5 26,8
ROCE (%) 14,4 17,4 18,9
ROCE adj. (%) 18,4 21 22,1
ROIC (%) 17,9 21 22,4
ROIC adj. (%) 17,9 21 22,4
Adj. earnings numbers N/A N/A N/A
EBITDA adj. 258 290 307
EBITDA adj. margin (%) 16,3 17 17,4
EBITDA lease adj. 171 199 215
EBITDA lease adj. margin (%) 10,8 11,7 12,2
EBITA adj. 153 180 195
EBITA adj. margin (%) 9,7 10,6 11
EBIT adj. 120 149 167
EBIT adj. margin (%) 7,6 8,8 9,5
Pretax profit Adj. 141 169 185
Net profit Adj. 118 140 153
Net profit to shareholders adj. 118 140 153
Net adj. margin (%) 7,5 8,2 8,6
SEKm 2023 2024e 2025e
EBITDA 258 290 307
Goodwill 653 665 665
Net financial items -12 -10 -10
Other intangible assets 71 97 83
Paid tax -12 -30 -32
Tangible fixed assets 53 60 65
Non-cash items 11 1 0
Right-of-use asset 260 287 287
Cash flow before change in WC 244 251 265
Total other fixed assets 13 10 10
Change in working capital 12 13 11
Fixed assets 1048 1119 1110
Operating cash flow 257 264 276
Inventories 0 0 0
Capex tangible fixed assets -28 -18 -19
Receivables 85 102 106
Capex intangible fixed assets 0 -18 -19
Other current assets 0 0 0
Acquisitions and Disposals 0 -52 0
Cash and liquid assets 161 181 186
Free cash flow 229 176 237
Total assets 1294 1402 1402
Dividend paid -77 -86 -105
Shareholders equity 537 560 580
Share issues and buybacks 0 0 0
Minority 0 0 0
Leasing liability amortisation -87 -90 -92
Total equity 537 560 580
Other non-cash items 0 -34 0
Long-term debt 5 27 -8
Pension debt N/A N/A N/A
Convertible debt N/A N/A N/A
Leasing liability 248 278 278
Total other long-term liabilities 22 24 24
Short-term debt 27 26 26
Accounts payable 138 144 150
Other current liabilities 316 342 352
Total liabilities and equity 1294 1402 1402
Net IB debt 107 140 101
Net IB debt excl. pension debt 107 140 101
Net IB debt excl. leasing -142 -138 -178
Capital employed 817 892 877
Capital invested 644 701 681
Working capital -369 -385 -396
Market cap. diluted (m) 1986 1986 1986
Net IB debt adj. 107 140 101
Market value of minority 0 0 0
Reversal of shares and participations 0 0 0
Reversal of conv. debt assumed equity N/A N/A N/A
EV 2093 2126 2087
Total assets turnover (%) 121,4 126 126,1
Working capital/sales (%) -22,8 -22,2 -22,1
Financial risk and debt service N/A N/A N/A
Net debt/equity (%) 19,8 25 17,3
Net debt / market cap (%) 5,4 7,1 5,1
Equity ratio (%) 41,5 40 41,4
Net IB debt adj. / equity (%) 19,8 25 17,3
Current ratio 0,51 0,55 0,55
EBITDA/net interest 20,9 27,8 30,7
Net IB debt/EBITDA (x) 0,4 0,5 0,3
Net IB debt/EBITDA lease adj. (x) -0,8 -0,7 -0,8
Interest coverage 12,4 17,2 19,5
SEKm 2023 2024e 2025e
Shares outstanding adj. 957 957 957
Diluted shares adj. 957 957 957
EPS 0,09 0,11 0,13
Dividend per share 0,09 0,11 0,13
EPS adj. 0,12 0,14 0,15
BVPS 0,56 0,59 0,61
BVPS adj. -0,19 -0,21 -0,18
Net IB debt/share 0,11 0,15 0,11
Share price 2,08 2,08 2,08
Market cap. (m) 1986 1986 1986
P/E (x) 23,5 18,2 15,9
EV/sales (x) 1,32 1,25 1,18
EV/EBITDA (x) 8,1 7,3 6,8
EV/EBITA (x) 13,7 11,8 10,7
EV/EBIT (x) 17,4 14,3 12,5
Dividend yield (%) 4,3 5,3 6,3
FCF yield (%) 11,5 8,8 11,9
Le. adj. FCF yld. (%) 7,1 4,3 7,3
P/BVPS (x) 3,69 3,54 3,42
P/BVPS adj. (x) -17,22 -19 -23,37
P/E adj. (x) 17,9 14,9 13,5
EV/EBITDA adj. (x) 8,1 7,3 6,8
EV/EBITA adj. (x) 13,7 11,8 10,7
EV/EBIT adj. (x) 17,4 14,3 12,5
EV/CE (x) 2,6 2,4 2,4
Investment ratios N/A N/A N/A
Capex/sales (%) 1,8 2,2 2,2
Capex/depreciation 1,6 2 1,9
Capex tangibles / tangible fixed assets 53,4 30,9 30,1
Capex intangibles / definite intangibles N/A N/A N/A
Depreciation on intang / def. intang N/A N/A N/A
Depreciation on tangibles / tangibles 33,48 30,19 30,9

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.

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P/E

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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.

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EV/EBIT

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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.

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EV/Sales

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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.

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P/BVPS

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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. 

 

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