EMB Mission Bound AB (publ) (EMB.ST) 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

-47209.2%

-SEK 240.26

vs SEK 0.51 price

Levered DCF

-SEK 361.91

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.09

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
P/E	45.75×	-6.74×	-0.79×	-1.3×	-4.6×	-14.36×	-18.28×
P/B	5.87×	4×	1.39×	520.19×	73.9×	23.83×	-77.1×
P/S	1.62×	1.62×	1.78×	10.78×	51.41×	848.97×	0×
EV / EBITDA	8.06×	22.1×	-1.24×	-2.16×	-5.94×	-14.6×	18.13×
Gross margin	95.9%	91.6%	76.5%	152.7%	46.2%	1424.9%	0.0%
Operating margin	6.4%	-18.4%	-204.3%	-749.4%	-1041.6%	-5701.4%	0.0%
Net margin	3.1%	-24.0%	-224.8%	-828.6%	-1108.7%	-5732.2%	0.0%
Current ratio	1.07×	0.52×	0.53×	0.24×	0.26×	4.95×	0.36×
Debt / equity	0.34×	0.66×	0.64×	134.62×	12.03×	0×	0×
Interest coverage	7.33×	-4.24×	-10.15×	-8.51×	-21.43×	-859.36×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.3%	-59.4%	-176.1%	-39973.1%	-1593.6%	-160.9%	424.0%
Return on invested capital	13.3%	-27.4%	-97.6%	-212.6%	-114.9%	-160.1%	424.0%
Return on assets	6.4%	-26.9%	-88.8%	-170.0%	-100.0%	-143.6%	-258.0%
Free cash flow yield	5.3%	-6.0%	-80.1%	-72.5%	-32.8%	-8.6%	-5.5%
Earnings yield	1.9%	-14.8%	-126.5%	-76.8%	-21.6%	-6.8%	-5.5%
Enterprise value	SEK 279.9M	SEK 164.8M	SEK 65.9M	SEK 67.8M	SEK 114.4M	SEK 62.4M	SEK 50.1M
Net debt / EBITDA	0.32×	2.11×	-0.27×	-0.44×	-0.8×	0.36×	-0.06×
Cash conversion cycle (days)	-158	-165	-140	408	-99	245	0