JLT Mobile Computers AB (publ) (JLT.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

-166.8%

-SEK 0.84

vs SEK 1.26 price

Levered DCF

SEK 1.26

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

2.14

Grey zone

Rating

C+

Overall 2 / 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	-24.8×	-8.81×	77.28×	28.89×	28×	101.33×	18.63×	11.47×
P/B	1.48×	1.44×	2.25×	2.49×	3.46×	2.53×	3.45×	2.04×
P/S	0.47×	0.58×	0.78×	0.89×	1.53×	1.38×	1.43×	0.85×
EV / EBITDA	-18.8×	-5.42×	45.97×	18.41×	18.03×	34.01×	10.93×	5.34×
Gross margin	37.6%	45.8%	41.4%	40.5%	42.3%	43.2%	46.1%	46.3%
Operating margin	-2.5%	-8.2%	0.9%	3.8%	7.0%	1.9%	9.6%	9.8%
Net margin	-1.9%	-6.5%	1.0%	3.2%	5.4%	1.4%	7.7%	7.5%
Current ratio	1.96×	1.84×	1.87×	1.77×	2.3×	2.75×	2.59×	2.47×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	-242.5×	69.14×	11.72×	0×	0×	0×	0×
Dividend yield	0.0%	0.0%	4.6%	5.2%	3.7%	0.0%	3.1%	3.8%
Payout ratio	0.0%	0.0%	357.5%	146.5%	105.2%	0.0%	57.5%	43.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-6.0%	-16.2%	2.9%	8.8%	12.2%	2.5%	18.6%	18.0%
Return on invested capital	-7.7%	-15.9%	1.9%	9.0%	11.6%	2.8%	17.7%	17.8%
Return on assets	-3.5%	-8.8%	1.7%	4.2%	7.1%	1.6%	11.3%	10.8%
Free cash flow yield	9.5%	10.8%	-4.3%	-2.7%	-1.3%	1.8%	4.9%	17.8%
Earnings yield	-4.0%	-11.3%	1.3%	3.5%	3.5%	1.0%	5.4%	8.8%
Enterprise value	SEK 45.1M	SEK 55M	SEK 117.5M	SEK 126M	SEK 187.7M	SEK 121.5M	SEK 174.5M	SEK 81M
Net debt / EBITDA	7.04×	1.31×	-2.54×	-3.41×	-1.94×	-8.52×	-1.73×	-1.92×
Cash conversion cycle (days)	124	230	187	145	128	131	42	44