Autoliv, Inc. (ALV) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+4.3%

$127.66

vs $122.45 price

Levered DCF

$110.04

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.93

Grey zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	12.36×	11.65×	19.2×	15.76×	20.81×	43.04×	15.96×	32.07×
P/B	3.54×	3.3×	3.66×	2.55×	3.44×	3.34×	3.49×	3.25×
P/S	0.84×	0.72×	0.89×	0.75×	1.1×	1.08×	0.86×	0.7×
EV / EBITDA	7.31×	6.76×	10.07×	7.8×	9.57×	12.81×	8.58×	7.58×
Gross margin	19.2%	18.5%	17.4%	15.8%	18.4%	16.7%	18.5%	19.7%
Operating margin	10.1%	9.4%	6.6%	7.5%	8.2%	5.1%	8.5%	7.9%
Net margin	6.8%	6.2%	4.7%	4.8%	5.3%	2.5%	5.4%	2.2%
Current ratio	1.05×	0.96×	0.98×	1.02×	1.3×	1.36×	1.25×	1.15×
Debt / equity	0.95×	0.91×	0.8×	0.74×	0.81×	1.06×	1.07×	1.18×
Interest coverage	10.58×	9.06×	7.42×	10.98×	11.25×	5.23×	10.45×	10.38×
Dividend yield	2.6%	2.9%	2.4%	3.4%	1.8%	0.7%	2.9%	3.5%
Payout ratio	32.4%	33.9%	46.1%	53.0%	37.9%	28.9%	47.0%	112.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	28.6%	28.4%	19.1%	16.2%	16.5%	7.8%	21.9%	10.1%
Return on invested capital	15.7%	15.8%	11.3%	9.6%	9.4%	4.6%	10.9%	9.4%
Return on assets	8.5%	8.3%	5.9%	5.5%	5.8%	2.3%	6.8%	2.8%
Free cash flow yield	7.9%	6.4%	4.4%	1.9%	3.3%	6.3%	2.2%	0.6%
Earnings yield	8.1%	8.6%	5.2%	6.3%	4.8%	2.3%	6.3%	3.1%
Enterprise value	$10.9B	$9.3B	$10.9B	$8B	$10.2B	$9.4B	$9.2B	$7.7B
Net debt / EBITDA	1.23×	1.27×	1.42×	1.3×	1.1×	1.87×	1.69×	1.58×
Cash conversion cycle (days)	33	32	36	43	56	64	59	58