Search companies

Find a company by ticker or name

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
+1.1%
SEK 227.64
vs SEK 225.20 price
Levered DCF
SEK 383.71
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
7.95
Safe zone
Rating
A-
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E26.72×19.26×14.3×13.82×18.08×12.44×16.07×18.11×
P/B3.87×2.92×2.42×1.79×2.53×1.79×2.09×1.54×
P/S1.99×1.5×1.01×0.8×1.21×0.81×0.82×0.59×
EV / EBITDA14.97×10.8×8.6×8.41×10.38×6.85×8.91×9.67×
Gross margin8.9%50.2%8.3%46.7%48.8%49.0%48.1%47.2%
Operating margin9.3%9.8%8.8%7.0%8.2%8.3%6.7%4.5%
Net margin7.5%7.8%7.0%5.8%6.7%6.5%5.1%3.2%
Current ratio2.63×3.03×2.56×2.46×2.28×2.05×1.77×1.79×
Debt / equity0.12×0.14×0.19×0.33×0.32×0.37×0.46×0.24×
Interest coverage26.28×24.71×17.6×19.64×24.78×21.12×24.04×30.26×
Dividend yield0.8%1.0%0.7%1.1%0.0%7.8%1.2%1.8%
Payout ratio21.6%18.3%9.7%14.9%0.0%96.7%19.3%33.3%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity14.5%15.2%16.9%13.0%14.0%14.4%13.0%8.5%
Return on invested capital12.6%13.0%14.5%9.7%10.4%11.2%9.1%6.8%
Return on assets9.8%10.1%10.6%7.2%7.8%8.2%6.8%4.9%
Free cash flow yield3.8%7.9%8.0%-1.4%0.7%12.4%7.1%0.4%
Earnings yield3.7%5.2%7.0%7.2%5.5%8.0%6.2%5.5%
Enterprise valueSEK 17.6BSEK 12.5BSEK 9.3BSEK 6.5BSEK 7.2BSEK 4.3BSEK 4.9BSEK 3.1B
Net debt / EBITDA-0.36×-0.25×0.27×1.05×0.81×0.55×1.36×1.05×
Cash conversion cycle (days)117142115166171138135137