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

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

Nolato

Nolato

SEKm 2020 2021e 2022e
Sales 9359 11301 12399
Sales growth (%) 18,2 20,7 9,7
EBITDA 1380 1664 1820
EBITDA margin (%) 14,7 14,7 14,7
EBIT adj 1079 1280 1436
EBIT adj margin (%) 11,5 11,3 11,6
Pretax profit 1014 1228 1384
EPS rep 3,02 3,62 4,08
EPS growth (%) 14,1 20 12,7
EPS adj 3,2 3,75 4,21
DPS 0 1,6 1,46
EV/EBITDA (x) 15,7 15 13,3
EV/EBIT adj (x) 20,1 19,4 16,8
P/E (x) 27,6 25,3 22,4
P/E adj (x) 26 24,4 21,7
EV/sales (x) 2,3 2,2 1,9
FCF yield (%) -0,6 -1,1 4,7
Dividend yield (%) 0 1,7 1,6
Net IB debt/EBITDA 0 0,5 0,1
Lease adj. FCF yield (%) -0,6 -1,1 4,7
Lease adj. ND/EBITDA -0,6 0 -0,4
SEKm 2020 2021e 2022e
Sales 9359 11301 12399
COGS -7853 -9533 -10452
Gross profit 1506 1768 1947
Other operating items -126 -104 -127
EBITDA 1380 1664 1820
Depreciation on tangibles -390 -378 -394
Depreciation on intangibles 0 0 0
EBITA 1066 1316 1472
Goodwill impairment charges 0 0 0
Other impairment and amortisation -18 -14 -14
EBIT 1048 1280 1436
Other financial items 0 0 0
Net financial items -34 -52 -52
Associated income 0 0 0
Other EO items 0 0 0
Pretax profit 1014 1228 1384
Tax -208 -258 -291
Net profit 806 970 1094
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders 806 970 1094
EPS 3,02 3,62 4,08
EPS Adj 3,2 3,75 4,21
Total extraordinary items after tax -31 0 0
Tax rate (%) -20,5 -21 -21
Gross margin (%) 16,1 15,6 15,7
EBITDA margin (%) 14,7 14,7 14,7
EBITA margin (%) 11,4 11,6 11,9
EBIT margin (%) 11,2 11,3 11,6
Pretax margin (%) 10,8 10,9 11,2
Net margin (%) 8,6 8,6 8,8
Growth rates Y/Y 2020 2021 2022
Sales growth (%) 18,2 20,7 9,7
EBITDA growth (%) 16,2 20,6 9,4
EBIT growth (%) 18,2 22,2 12,2
Net profit growth (%) 14,7 20,4 12,7
EPS growth (%) 14,1 20 12,7
Profitability 2020 2021 2022
ROE (%) 25,4 25,2 23,4
ROE Adj (%) 27 26,2 24,2
ROCE (%) 23,3 22,2 20,3
ROCE Adj(%) 24,4 22,8 20,8
ROIC (%) 23,9 21,7 21,1
ROIC Adj (%) 24,6 21,7 21,1
Adj earnings numbers 2020 2021 2022
EBITDA Adj 1411 1664 1820
EBITDA Adj margin (%) 15,1 14,7 14,7
EBITA Adj 1097 1316 1472
EBITA Adj margin (%) 11,7 11,6 11,9
EBIT Adj 1079 1280 1436
EBIT Adj margin (%) 11,5 11,3 11,6
Pretax profit Adj 1063 1264 1420
Net profit Adj 855 1006 1130
Net profit to shareholders Adj 855 1006 1130
Net Adj margin (%) 9,1 8,9 9,1
Depreciation and amortisation -314 -348 -348
Of which leasing depreciation 76 76 76
EO items -31 0 0
Impairment and PPA amortisation -18 -36 -36
EBITDA lease Adj 1411 1664 1820
EBITDA lease Adj margin (%) 15,1 14,7 14,7
Leasing payments 0 0 0
SEKm 2020 2021e 2022e
EBITDA 1380 1664 1820
Net financial items -34 -52 -52
Paid tax -208 -258 -291
Non-cash items 0 0 0
Cash flow before change in WC 1138 1354 1478
Change in WC 425 -768 60
Operating cash flow 1563 587 1538
CAPEX tangible fixed assets -1695 -654 -372
CAPEX intangible fixed assets 0 0 0
Acquisitions and disposals 0 -200 0
Free cash flow -132 -268 1166
Dividend paid 0 -429 -391
Share issues and buybacks 0 0 0
Other non cash items -367 168 0
Decrease in net IB debt -99 -741 731
Balance Sheet (SEKm) 2020 2021 2022
Goodwill 2093 2358 2322
Indefinite intangible assets 0 0 0
Definite intangible assets 0 0 0
Tangible fixed assets 2128 2412 2360
Other fixed assets 53 53 53
Fixed assets 4548 5101 5013
Inventories 1110 1426 1564
Receivables 1254 1628 1786
Other current assets 285 464 509
Cash and liquid assets 1487 1528 2302
Total assets 8684 10147 11175
Shareholders equity 3375 4317 5019
Minority 0 0 0
Total equity 3375 4317 5019
Long-term debt 846 1815 1815
Pension debt 246 246 246
Convertible debt 0 0 0
Deferred tax 110 110 110
Other long-term liabilities 499 99 99
Short-term debt 70 70 70
Accounts payable 2361 2313 2639
Other current liabilities 900 900 900
Total liabilities and equity 8684 10147 11175
Net IB debt -48 880 106
Net IB debt excl. pension debt -294 634 -140
Capital invested 3936 5406 5334
Working capital -612 305 321
EV breakdown 2020 2021 2022
Market cap. diluted (m) 22228 24540 24540
Net IB debt Adj -571 357 -417
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 21657 24897 24123
Capital efficiency (%) 2020 2021 2022
Total assets turnover (%) 126,3 120 116,3
Capital invested turnover (%) 268,8 242,6 232,5
Capital employed turnover (%) 208 194,9 174,7
Inventories / sales (%) 9,5 10,9 11,4
Customer advances / sales (%) 0 0 0
Payables / sales (%) 17,1 19,4 17,3
Working capital / sales (%) -1,8 -1,4 2,5
Financial risk and debt service 2020 2021 2022
Net debt / equity (%) -1,4 20,4 2,1
Net debt / market cap (%) -0,3 3,6 0,4
Equity ratio (%) 38,9 42,5 44,9
Net IB debt adj. / equity (%) -16,9 8,3 -8,3
Current ratio (%) 121,6 150,5 167,5
EBITDA / net interest (%) 4058,8 3200,6 3500,6
Net IB debt / EBITDA (%) -3,5 52,9 5,8
Interest cover (%) 3135,3 2531,4 2831,3
Lease liability amortisation 0 0 0
Other intangible assets 0 0 0
Right-of-use asset 274 274 274
Total other fixed assets 53 57 57
Leasing liability 277 277 277
Total other long-term liabilities 609 209 209
Net IB debt excl. leasing -848 80 -694
Net IB debt / EBITDA lease Adj (%) -60,1 4,8 -38,1
SEKm 2020 2021e 2022e
Shares outstanding adj. 267 268 268
Fully diluted shares Adj 267 268 268
EPS 3,02 3,62 4,08
Dividend per share Adj 0 1,6 1,5
EPS Adj 3,2 3,75 4,21
BVPS 12,63 16,1 18,72
BVPS Adj 4,8 7,31 10,06
Net IB debt / share -0,2 3,3 0,4
Share price 67,3 91,55 91,55
Market cap. (m) 17980 24540 24540
Valuation 2020 2021 2022
P/E 27,6 25,3 22,4
EV/sales 2,31 2,2 1,95
EV/EBITDA 15,7 15 13,3
EV/EBITA 20,3 18,9 16,4
EV/EBIT 20,7 19,4 16,8
Dividend yield (%) 0 1,7 1,6
FCF yield (%) -0,6 -1,1 4,7
P/BVPS 6,59 5,69 4,89
P/BVPS Adj 17,34 12,53 9,1
P/E Adj 26 24,4 21,7
EV/EBITDA Adj 15,3 15 13,3
EV/EBITA Adj 19,7 18,9 16,4
EV/EBIT Adj 20,1 19,4 16,8
EV/cap. employed 4,5 3,7 3,2
Investment ratios 2020 2021 2022
Capex / sales 18,1 5,8 3
Capex / depreciation 434,6 154,3 87,7
Capex tangibles / tangible fixed assets 79,7 27,1 15,8
Capex intangibles / definite intangibles 0 0 0
Depreciation on intangibles / definite intangibles 0 0 0
Depreciation on tangibles / tangibles 18,3 17,6 18
Lease adj. FCF yield (%) -0,6 -1,1 4,7

Key Figure Counter

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.

Update

P/E

Learn more

A common valuation multiple, the share price is divided by earnings per share.

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. 

It is important to notice that earnings are calculated after taxes, which mean that they can vary between companies due to different accounting standards.

22,4

EV/EBIT

Learn more

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 total cash and cash equivalents. 

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.

(
)
17,2

EV/Sales

Learn more

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 total cash and cash equivalents. S is the company's total sales.

(
)
2,0

P/BVPS

Learn more

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.

Companies with high return on equity are usually associated with high P/B ratios, and vice versa. 

 

(
)
4,9