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

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

Proact

Proact

Send subscription Close

Financials

SEKm 2024 2025e 2026e
Sales 4864 4888 5056
Sales growth (%) 0,3 0,5 3,4
EBITDA 510 482 526
EBITDA margin (%) 10,5 9,9 10,4
EBIT adj. 296 281 313
EBIT adj. margin (%) 6,1 5,8 6,2
Pretax profit 278 263 303
EPS 8,14 7,51 8,55
EPS growth (%) 28,9 -7,8 13,8
EPS adj. 9,76 9,25 9,97
DPS 2,4 2,26 2,57
EV/EBITDA (x) 5,4 5,7 4,9
EV/EBIT adj. (x) 9,3 9,7 8,1
P/E (x) 13,9 15 13,2
P/E adj. (x) 11,6 12,2 11,3
EV/sales (x) 0,56 0,56 0,5
FCF yield (%) 10,4 2,2 11,8
Le. adj. FCF yld. (%) 6,4 -1,7 7,8
Dividend yield (%) 2,1 2 2,3
Net IB debt/EBITDA (x) -0,6 -0,6 -0,9
Le. adj. ND/EBITDA (x) -1,5 -1,5 -1,8
SEKm 2024 2025e 2026e
Sales 4864 4888 5056
COGS -3656 -3732 -3843
Gross profit 1209 1156 1213
Other operating items -699 -674 -688
EBITDA 510 482 526
Depreciation and amortisation -159 -159 -162
of which leasing depreciation -120 -120 -120
EBITA 351 323 364
EO Items 0 -9 0
Impairment and PPA amortisation -55 -52 -51
EBIT 296 272 313
Net financial items -18 -9 -10
Pretax profit 278 263 303
Tax -58 -61 -74
Net profit 220 202 229
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders 220 202 229
EPS 8,14 7,51 8,55
EPS adj. 9,76 9,25 9,97
Total extraordinary items after tax 0 -7 0
Leasing payments -120 -120 -120
Tax rate (%) 20,9 23,3 24,5
Gross margin (%) 24,8 23,7 24
EBITDA margin (%) 10,5 9,9 10,4
EBITA margin (%) 7,2 6,6 7,2
EBIT margin (%) 6,1 5,6 6,2
Pre-tax margin (%) 5,7 5,4 6
Net margin (%) 4,5 4,1 4,5
Sales growth (%) 0,3 0,5 3,4
EBITDA growth (%) 11,2 -5,4 9
EBITA growth (%) 22,8 -7,8 12,5
EBIT growth (%) 28,6 -8 15,3
Net profit growth (%) 27 -8,3 13,6
EPS growth (%) 28,9 -7,8 13,8
Profitability N/A N/A N/A
ROE (%) 20,2 16,3 16,4
ROE adj. (%) 25,2 21 20,1
ROCE (%) 17,7 15,3 16,2
ROCE adj. (%) 21,2 18,7 18,8
ROIC (%) 30,4 26,5 27,3
ROIC adj. (%) 30,4 27,2 27,3
Adj. earnings numbers N/A N/A N/A
EBITDA adj. 510 491 526
EBITDA adj. margin (%) 10,5 10,1 10,4
EBITDA lease adj. 390 371 406
EBITDA lease adj. margin (%) 8 7,6 8
EBITA adj. 351 333 364
EBITA adj. margin (%) 7,2 6,8 7,2
EBIT adj. 296 281 313
EBIT adj. margin (%) 6,1 5,8 6,2
Pretax profit Adj. 333 324 354
Net profit Adj. 275 260 280
Net profit to shareholders adj. 275 260 280
Net adj. margin (%) 5,7 5,3 5,5
SEKm 2024 2025e 2026e
EBITDA 510 482 526
Goodwill 1022 1126 1126
Net financial items -18 -9 -10
Other intangible assets 130 162 144
Paid tax -58 -61 -74
Tangible fixed assets 27 48 66
Non-cash items 0 -60 0
Right-of-use asset 293 293 293
Cash flow before change in WC 434 352 441
Total other fixed assets 637 637 637
Change in working capital -26 16 7
Fixed assets 2108 2265 2265
Operating cash flow 408 368 448
Inventories 21 39 40
Capex tangible fixed assets -60 -60 -60
Receivables 1534 1564 1618
Capex intangible fixed assets -32 -32 -32
Other current assets 0 0 0
Acquisitions and Disposals 0 -208 0
Cash and liquid assets 814 809 984
Free cash flow 316 68 356
Total assets 4476 4677 4908
Dividend paid -55 -65 -61
Shareholders equity 1172 1309 1478
Share issues and buybacks 0 0 0
Minority 0 0 0
Leasing liability amortisation -120 -120 -120
Total equity 1172 1309 1478
Other non-cash items -64 112 0
Long-term debt 219 219 219
Pension debt 0 0 0
Convertible debt 0 0 0
Leasing liability 271 271 271
Total other long-term liabilities 991 991 991
Short-term debt 19 19 19
Accounts payable 904 978 1011
Other current liabilities 900 891 920
Total liabilities and equity 4476 4677 4908
Net IB debt -305 -300 -476
Net IB debt excl. pension debt -305 -300 -476
Net IB debt excl. leasing -576 -571 -747
Capital employed 1681 1817 1986
Capital invested 867 1009 1002
Working capital -250 -265 -272
Market cap. diluted (m) 3053 3034 3028
Net IB debt adj. -305 -300 -476
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 2747 2733 2552
Total assets turnover (%) 114,2 106,8 105,5
Working capital/sales (%) -5,4 -5,3 -5,3
Financial risk and debt service N/A N/A N/A
Net debt/equity (%) -26 -22,9 -32,2
Net debt / market cap (%) -10 -9,9 -15,7
Equity ratio (%) 26,2 28 30,1
Net IB debt adj. / equity (%) -26 -22,9 -32,2
Current ratio 1,3 1,28 1,36
EBITDA/net interest 29,1 53 52,6
Net IB debt/EBITDA (x) -0,6 -0,6 -0,9
Net IB debt/EBITDA lease adj. (x) -1,5 -1,5 -1,8
Interest coverage 84,3 79,6 89,5
SEKm 2024 2025e 2026e
Shares outstanding adj. 27 27 27
Diluted shares adj. 27 27 27
EPS 8,14 7,51 8,55
Dividend per share 2,4 2,26 2,57
EPS adj. 9,76 9,25 9,97
BVPS 43,4 48,77 55,15
BVPS adj. 0,78 0,8 7,78
Net IB debt/share -11,3 -11,19 -17,77
Share price 113 113 113
Market cap. (m) 3053 3034 3028
P/E (x) 13,9 15 13,2
EV/sales (x) 0,56 0,56 0,5
EV/EBITDA (x) 5,4 5,7 4,9
EV/EBITA (x) 7,8 8,5 7
EV/EBIT (x) 9,3 10,1 8,1
Dividend yield (%) 2,1 2 2,3
FCF yield (%) 10,4 2,2 11,8
Le. adj. FCF yld. (%) 6,4 -1,7 7,8
P/BVPS (x) 2,6 2,32 2,05
P/BVPS adj. (x) 144,67 141,53 14,53
P/E adj. (x) 11,6 12,2 11,3
EV/EBITDA adj. (x) 5,4 5,6 4,9
EV/EBITA adj. (x) 7,8 8,2 7
EV/EBIT adj. (x) 9,3 9,7 8,1
EV/CE (x) 1,6 1,5 1,3
Investment ratios N/A N/A N/A
Capex/sales (%) 1,9 1,9 1,8
Capex/depreciation 2,4 2,4 2,2
Capex tangibles / tangible fixed assets 226,2 125,5 90,7
Capex intangibles / definite intangibles 24,7 19,7 22,3
Depreciation on intang / def. intang 0 0 0
Depreciation on tangibles / tangibles 146,68 80,93 63,07

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.

13,2

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.

(
)
8,2

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.

(
)
0,5

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. 

 

(
)
2,1