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

Introduce me >

Social media

facebook   Follow us on Twitter

Proact

SEKm 2018 2019e 2020e
Sales 3318 3481 3585
Sales growth (%) 1,8 4,9 3
EBITDA 231 290 343
EBITDA margin (%) 7 8,3 9,6
EBIT adj 167 159 194
EBIT adj margin (%) 5 4,6 5,4
Pretax profit 168 141 193
EPS rep 13,9 11,72 15,89
EPS growth (%) 12,6 -15,7 35,6
EPS adj 17,61 16,85 18,84
DPS 4,15 4,55 5
EV/EBITDA (x) 5,9 4,9 3,9
EV/EBIT adj (x) 8,1 8,9 6,9
P/E (x) 11,8 13,1 9,7
P/E adj (x) 9,3 9,1 8,2
EV/sales (x) 0,4 0,4 0,4
FCF yield (%) 6,8 10,3 13,4
Dividend yield (%) 2,5 3 3,2
Net IB debt/EBITDA -0,6 0 -0,2
SEKm 2018 2019e 2020e
Sales 3318 3481 3585
COGS -2526 -2695 -2778
Gross profit 792 785 807
Other operating items -561 -495 -464
EBITDA 231 290 343
Depreciation on tangibles -31 -125 -122
Depreciation on intangibles 0 0 0
EBITA 200 165 221
Goodwill impairment charges -5 0 0
Other impairment and amortisation -31 -27 -27
EBIT 165 139 194
Other financial items 0 0 0
Net financial items 3 3 -1
Associated income 0 0 0
Other EO items 0 0 0
Pretax profit 168 141 193
Tax -41 -34 -47
Net profit 127 107 145
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders 127 107 145
EPS 13,9 11,72 15,89
EPS Adj 17,61 16,85 18,84
Total extraordinary items after tax 1,9 -20,2 0
Tax rate (%) -24,2 -24,1 -24,5
Gross margin (%) 23,9 22,6 22,5
EBITDA margin (%) 7 8,3 9,6
EBITA margin (%) 6 4,8 6,2
EBIT margin (%) 5 4 5,4
Pretax margin (%) 5,1 4,1 5,4
Net margin (%) 3,8 3,1 4,1
Growth rates Y/Y 2018 2019 2020
Sales growth (%) 1,8 4,9 3
EBITDA growth (%) 5,3 25,7 18
EBIT growth (%) 4,8 -15,7 39,7
Net profit growth (%) 10,7 -15,8 35,6
EPS growth (%) 12,6 -15,7 35,6
Profitability 2018 2019 2020
ROE (%) 29,8 21,3 24,7
ROE Adj (%) 37,7 30,7 29,3
ROCE (%) 30,6 19,3 20,5
ROCE Adj(%) 36,6 25,6 23,4
ROIC (%) 19,6 12,4 15,2
ROIC Adj (%) 19,9 14,2 15,2
Adj earnings numbers 2018 2019 2020
EBITDA Adj 229 311 343
EBITDA Adj margin (%) 6,9 8,9 9,6
EBITA Adj 199 186 221
EBITA Adj margin (%) 6 5,3 6,2
EBIT Adj 167 159 194
EBIT Adj margin (%) 5 4,6 5,4
Pretax profit Adj 202 188 220
Net profit Adj 161 154 172
Net profit to shareholders Adj 161 154 172
Net Adj margin (%) 4,9 4,4 4,8
SEKm 2018 2019e 2020e
EBITDA 231 290 343
Net financial items 3 3 -1
Paid tax -41 -34 -47
Non-cash items 0 0 0
Cash flow before change in WC 194 259 294
Change in WC -17 -30 -16
Operating cash flow 243 230 279
CAPEX tangible fixed assets -81 -65 -67
CAPEX intangible fixed assets 0 -20 -23
Acquisitions and disposals -60 0 0
Free cash flow 102 145 189
Dividend paid -35 -38 -42
Share issues and buybacks 0 0 0
Other non cash items -203 -251 -61
Decrease in net IB debt 53 -144 87
Balance Sheet (SEKm) 2018 2019 2020
Goodwill 393 393 393
Indefinite intangible assets 0 0 0
Definite intangible assets 70 64 59
Tangible fixed assets 73 263 269
Other fixed assets 308 308 308
Fixed assets 845 1028 1030
Inventories 31 35 36
Receivables 1068 1079 1122
Other current assets 0 0 0
Cash and liquid assets 270 362 449
Total assets 2213 2504 2636
Shareholders equity 468 537 641
Minority 2 2 2
Total equity 470 539 643
Long-term debt 120 282 282
Pension debt 0 0 0
Convertible debt 0 0 0
Deferred tax 22 21 21
Other long-term liabilities 331 331 331
Short-term debt 10 85 85
Accounts payable 628 592 606
Other current liabilities 633 655 669
Total liabilities and equity 1807 1832 2213
Net IB debt -140 5 -82
Net IB debt excl. pension debt -140 5 -82
Capital invested 743 955 972
Working capital -103 -73 -57
EV breakdown 2018 2019 2020
Market cap. diluted (m) 1495 1409 1409
Net IB debt Adj -140 5 -82
Market value of minority 2 2 2
Reversal of shares and participations 0 0 0
Reversal of conv. debt assumed equity 0 0 0
EV 1357 1416 1329
Capital efficiency (%) 2018 2019 2020
Total assets turnover (%) 164 147,6 139,5
Capital invested turnover (%) 521,9 410 372
Capital employed turnover (%) 590 462,5 374,4
Inventories / sales (%) 1 0,9 1
Customer advances / sales (%) 17,3 16,8 16,8
Payables / sales (%) 17,1 17,5 16,7
Working capital / sales (%) -3,4 -2,5 -1,8
Financial risk and debt service 2018 2019 2020
Net debt / equity (%) -29,8 0,9 -12,7
Net debt / market cap (%) -9,1 0,3 -5,8
Equity ratio (%) 21,2 21,5 24,4
Net IB debt adj. / equity (%) -29,8 0,9 -12,7
Current ratio (%) 107,7 110,8 118,1
EBITDA / net interest (%) -6794,1 -10756,1 34259,5
Net IB debt / EBITDA (%) -60,5 1,6 -23,9
Interest cover (%) 5195 4302,8 5589,9
SEKm 2018 2019e 2020e
Shares outstanding adj. 9 9 9
Fully diluted shares Adj 9 9 9
EPS 13,9 11,72 15,89
Dividend per share Adj 4,2 4,5 5
EPS Adj 17,61 16,85 18,84
BVPS 51,12 58,68 70,02
BVPS Adj 0,46 8,77 20,6
Net IB debt / share -15,3 0,5 -8,9
Share price 167,74 154 154
Market cap. (m) 1535 1409 1409
Valuation 2018 2019 2020
P/E 11,8 13,1 9,7
EV/sales 0,41 0,41 0,37
EV/EBITDA 5,9 4,9 3,9
EV/EBITA 6,8 8,6 6
EV/EBIT 8,3 10,2 6,9
Dividend yield (%) 2,5 3 3,2
FCF yield (%) 6,8 10,3 13,4
P/BVPS 3,2 2,62 2,2
P/BVPS Adj 356,04 17,56 7,48
P/E Adj 9,3 9,1 8,2
EV/EBITDA Adj 5,9 4,6 3,9
EV/EBITA Adj 6,8 7,6 6
EV/EBIT Adj 8,1 8,9 6,9
EV/cap. employed 2,3 1,6 1,3
Investment ratios 2018 2019 2020
Capex / sales 2,4 2,4 2,5
Capex / depreciation 265 68 73,4
Capex tangibles / tangible fixed assets 110,5 24,7 24,9
Capex intangibles / definite intangibles 0 31,4 38,1
Depreciation on intangibles / definite intangibles 0 0 0
Depreciation on tangibles / tangibles 41,7 47,5 45,3

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.

9,7

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.

(
)
6,7

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.

(
)
0,4

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. 

 

(
)
2,2