Plejd AB (PLEJD.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

-76.6%

SEK 194.28

vs SEK 831.50 price

Levered DCF

SEK 329.73

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

18.54

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022
P/E	45.1×	39.53×	41.54×	34.85×
P/B	11.17×	7.53×	4.19×	6.04×
P/S	7.5×	5.33×	3.64×	5.02×
EV / EBITDA	25.57×	20.38×	16.47×	18.32×
Gross margin	59.3%	60.4%	54.4%	58.7%
Operating margin	21.2%	17.3%	11.6%	18.4%
Net margin	16.6%	13.5%	8.8%	14.4%
Current ratio	2.2×	2.21×	2.12×	2.18×
Debt / equity	0.13×	0.07×	0.11×	0.15×
Interest coverage	122.59×	61.14×	28×	73.8×
Dividend yield	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022
Return on equity	24.8%	19.1%	10.1%	17.3%
Return on invested capital	22.1%	18.1%	9.4%	14.6%
Return on assets	17.1%	14.1%	7.2%	12.1%
Free cash flow yield	2.2%	3.2%	-2.3%	-2.0%
Earnings yield	2.2%	2.5%	2.4%	2.9%
Enterprise value	SEK 8.1B	SEK 4.1B	SEK 1.9B	SEK 2.2B
Net debt / EBITDA	0×	-0.03×	0.24×	0.09×
Cash conversion cycle (days)	185	186	265	250