Press the button and be introduced to a new random company!

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

Bredband2

Bredband2

SEKm 2019 2020e 2021e
Sales 671 736 792
Sales growth (%) 11,8 9,7 7,7
EBITDA 75 81 94
EBITDA margin (%) 11,1 11 11,9
EBIT adj 51 58 72
EBIT adj margin (%) 7,6 7,9 9,1
Pretax profit 51 58 72
EPS rep 0,06 0,06 0,08
EPS growth (%) 26,8 11 24,7
EPS adj 0,06 0,06 0,08
DPS 0,05 0,06 0,07
EV/EBITDA (x) 10,2 10,3 8,5
EV/EBIT adj (x) 15 14,4 11,2
P/E (x) 22,7 22,6 18,1
P/E adj (x) 22,7 22,6 18,1
EV/sales (x) 1,1 1,1 1
FCF yield (%) 6,9 6,2 6,9
Dividend yield (%) 3,8 4,1 4,8
Net IB debt/EBITDA -2,1 -2,3 -2,3
SEKm 2019 2020e 2021e
Sales 671 736 792
COGS -445 -497 -533
Gross profit 225 239 259
Other operating items -150 -158 -165
EBITDA 75 81 94
Depreciation on tangibles -24 -23 -22
Depreciation on intangibles 0 0 0
EBITA 51 58 72
Goodwill impairment charges 0 0 0
Other impairment and amortisation 0 0 0
EBIT 51 58 72
Other financial items 0 0 0
Net financial items 0 0 0
Associated income 0 0 0
Other EO items 0 0 0
Pretax profit 51 58 72
Tax -10 -13 -16
Net profit 41 45 56
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders 41 45 56
EPS 0,06 0,06 0,08
EPS Adj 0,06 0,06 0,08
Total extraordinary items after tax 0 0 0
Tax rate (%) -20,4 -22 -22
Gross margin (%) 33,6 32,5 32,7
EBITDA margin (%) 11,1 11 11,9
EBITA margin (%) 7,6 7,9 9,1
EBIT margin (%) 7,6 7,9 9,1
Pretax margin (%) 7,6 7,9 9,1
Net margin (%) 6,1 6,1 7,1
Growth rates Y/Y 2019 2020 2021
Sales growth (%) 11,8 9,7 7,7
EBITDA growth (%) 14,7 8,5 16
EBIT growth (%) 23,8 13,6 24,7
Net profit growth (%) 26,8 11 24,7
EPS growth (%) 26,8 11 24,7
Profitability 2019 2020 2021
ROE (%) 53,4 53,8 58,6
ROE Adj (%) 53,4 53,8 58,6
ROCE (%) 66,5 69 75,2
ROCE Adj(%) 66,5 69 75,2
ROIC (%) -64,3 -54,8 -57,4
ROIC Adj (%) -64,3 -54,8 -57,4
Adj earnings numbers 2019 2020 2021
EBITDA Adj 75 81 94
EBITDA Adj margin (%) 11,1 11 11,9
EBITA Adj 51 58 72
EBITA Adj margin (%) 7,6 7,9 9,1
EBIT Adj 51 58 72
EBIT Adj margin (%) 7,6 7,9 9,1
Pretax profit Adj 51 58 72
Net profit Adj 41 45 56
Net profit to shareholders Adj 41 45 56
Net Adj margin (%) 6,1 6,1 7,1
SEKm 2019 2020e 2021e
EBITDA 75 81 94
Net financial items 0 0 0
Paid tax -10 -13 -16
Non-cash items 10 0 0
Cash flow before change in WC 75 68 78
Change in WC 16 14 12
Operating cash flow 83 82 91
CAPEX tangible fixed assets -14 -15 -15
CAPEX intangible fixed assets -5 -5 -5
Acquisitions and disposals 0 0 0
Free cash flow 64 63 70
Dividend paid -35 -35 -42
Share issues and buybacks 0 0 0
Other non cash items 0 0 0
Decrease in net IB debt 29 27 28
Balance Sheet (SEKm) 2019 2020 2021
Goodwill 3 0 0
Indefinite intangible assets 14 14 14
Definite intangible assets 0 0 0
Tangible fixed assets 28 27 26
Other fixed assets 4 4 4
Fixed assets 48 45 44
Inventories 0 0 0
Receivables 116 129 140
Other current assets 0 0 0
Cash and liquid assets 154 181 209
Total assets 318 355 393
Shareholders equity 79 89 103
Minority 0 0 0
Total equity 79 89 103
Long-term debt 0 0 0
Pension debt 0 0 0
Convertible debt 0 0 0
Deferred tax 5 5 5
Other long-term liabilities 0 0 0
Short-term debt 0 0 0
Accounts payable 82 94 105
Other current liabilities 152 168 180
Total liabilities and equity 267 296 318
Net IB debt -157 -185 -213
Net IB debt excl. pension debt -157 -185 -213
Capital invested -74 -91 -105
Working capital -118 -132 -145
EV breakdown 2019 2020 2021
Market cap. diluted (m) 923 1016 1016
Net IB debt Adj -157 -185 -213
Market value of minority 0 0 0
Reversal of shares and participations 0 0 0
Reversal of conv. debt assumed equity 0 0 0
EV 765 832 804
Capital efficiency (%) 2019 2020 2021
Total assets turnover (%) 218,4 218,5 211,8
Capital invested turnover (%) -1064,5 -893,6 -808,5
Capital employed turnover (%) 876,6 878 826,3
Inventories / sales (%) 0 0 0
Customer advances / sales (%) 20 20,2 20,5
Payables / sales (%) 12,1 12 12,6
Working capital / sales (%) -16,5 -17,1 -17,5
Financial risk and debt service 2019 2020 2021
Net debt / equity (%) -199,5 -207,9 -206,6
Net debt / market cap (%) -20 -18,2 -20,9
Equity ratio (%) 24,8 25 26,2
Net IB debt adj. / equity (%) -199,5 -207,9 -206,6
Current ratio (%) 115 118,6 122,5
EBITDA / net interest (%) -62304,2 0 0
Net IB debt / EBITDA (%) -210,2 -227,7 -226,1
Interest cover (%) -42392,5 N/A N/A
SEKm 2019 2020e 2021e
Shares outstanding adj. 701 701 701
Fully diluted shares Adj 701 701 701
EPS 0,06 0,06 0,08
Dividend per share Adj 0,1 0,1 0,1
EPS Adj 0,06 0,06 0,08
BVPS 0,11 0,13 0,15
BVPS Adj 0,11 0,13 0,15
Net IB debt / share -0,2 -0,3 -0,3
Share price 1,12 1,45 1,45
Market cap. (m) 784 1016 1016
Valuation 2019 2020 2021
P/E 22,7 22,6 18,1
EV/sales 1,14 1,13 1,01
EV/EBITDA 10,2 10,3 8,5
EV/EBITA 15 14,4 11,2
EV/EBIT 15 14,4 11,2
Dividend yield (%) 3,8 4,1 4,8
FCF yield (%) 6,9 6,2 6,9
P/BVPS 11,71 11,45 9,88
P/BVPS Adj 12,14 11,5 9,88
P/E Adj 22,7 22,6 18,1
EV/EBITDA Adj 10,2 10,3 8,5
EV/EBITA Adj 15 14,4 11,2
EV/EBIT Adj 15 14,4 11,2
EV/cap. employed 9,7 9,4 7,8
Investment ratios 2019 2020 2021
Capex / sales 2,8 2,7 2,6
Capex / depreciation 78,7 85,2 93,6
Capex tangibles / tangible fixed assets 50,3 54,7 58,3
Capex intangibles / definite intangibles N/A N/A N/A
Depreciation on intangibles / definite intangibles N/A N/A N/A
Depreciation on tangibles / tangibles 85,2 85,5 83

Key Figure Counter

<p><span>It is not always easy to generate comparative valuations. Therefore, in order to make it easier for you as an investor, we have created this key figure calculator. Enter share price in the field below and then select the year in which you want to retrieve the financial data.</span></p>

Update

P/E

Learn more

<p><span>A common valuation multiple, the share price is divided by earnings per share.</span></p> <p>P/E ratio stands for Price and Earnings. By dividing a company's market cap to its earnings, investors get a key ratio which they are able to compare between different companies. The ratio can either be calculated on historical or forward-looking numbers.&nbsp;</p> <p>It is important to notice that earnings are calculated after taxes, which mean that they can vary between companies due to different accounting standards.</p>

18,1

EV/EBIT

Learn more

<p>EV stands for Enterprise Value and is calculated as a company's markets cap in addition to its net debt. The net debt itself is computed through the company's interest-bearing debt minus&nbsp;<span>total cash and cash equivalents.&nbsp;</span></p> <p><span>EBIT is the Earnings Before Interest and Taxes which is the operating income. This result, in comparison to the P/E ratio, is not affected by any financial items.</span></p>

(
)
11,2

EV/Sales

Learn more

<p><span>EV stands for Enterprise Value and is calculated as a company's market cap adjusted for its net debt. The net debt itself is computed through the company's interest-bearing debt minus&nbsp;</span><span>total cash and cash equivalents. S is the company's total sales.</span></p>

(
)
1,0

P/BVPS

Learn more

<div class="inner"> <p>P/B stands for Price to Book, which is used to compare a share's market cap to its book value. A P/B ratio that is below one is considered to be valued below its assets.</p> <p>Companies with high return on equity are usually associated with high P/B ratios, and vice versa.&nbsp;</p> <p>&nbsp;</p> </div> <div class="formula-bar-wrapper"> </div>

(
)
9,9