Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Adjusted Earnings | 16.811 B - 24.783 B | 20.404 B |
| Discount Rate | 10.8% - 8.8% | 9.8% |
| Fair Value | €8.91 - €17.96 | €12.69 |
| Upside | -54.7% - -8.8% | -35.6% |
| Estimate Adjusted EBIT Margin | |||||||
| Fiscal Year Ending | LTM | ||||||
| Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | Mar-25 | ||
| (SEK in millions) | FY-4 | FY-3 | FY-2 | FY-1 | FY | LTM | |
| Revenue | 86,404 | 85,700 | 112,331 | 126,503 | 122,878 | 123,177 | |
| Adjusted EBITDA Build-up | |||||||
| EBT, Incl. Unusual Items | 11,270 | 16,818 | 17,737 | 19,794 | 16,461 | 19,683 | |
| (+) Net Interest Expense | 661 | 492 | 1,195 | 2,005 | 1,926 | 1,717 | |
| (+) Other Non Operating Exp. | 326 | 431 | 1,046 | 1,004 | 390 | 390 | |
| (+) D&A | 3,675 | 4,262 | 4,483 | 5,109 | 5,390 | 5,152 | |
| (+) Non-recurring Items | 510 | (64) | (456) | 225 | 330 | 330 | |
| Adjusted EBITDA | 16,442 | 21,939 | 24,005 | 28,137 | 24,497 | 27,272 | |
| (-) D&A | (3,675) | (4,262) | (4,483) | (5,109) | (5,390) | (5,152) | |
| Adjusted EBIT | 12,767 | 17,677 | 19,522 | 23,028 | 19,107 | 22,120 | |
| % of Revenue | 14.8% | 20.6% | 17.4% | 18.2% | 15.5% | 18.0% | |
| Low | Median | High | |||||
| Adjusted EBIT Margin | 14.8% | 17.4% | 20.6% | ||||
| Equity Waterfall | |||||||
| Model | |||||||
| (SEK in millions) | Low | Mid | High | Market | |||
| Enterprise Value | 156,378 | 209,276 | 283,238 | 307,540 | |||
| (+) Cash & Short Term Investments | 4,965 | 4,965 | 4,965 | 4,965 | |||
| (+) Investments & Other | 9,894 | 9,894 | 9,894 | 9,894 | |||
| (-) Debt | (46,171) | (46,171) | (46,171) | (46,171) | |||
| (-) Other Liabilities | (72) | (72) | (72) | (72) | |||
| (-) Preferred Stock | 0 | 0 | 0 | 0 | |||
| (-) Other | 0 | 0 | 0 | 0 | |||
| Value of Common Equity | 124,994 | 177,892 | 251,854 | 276,156 | |||
| (/) Shares Outstanding | 1,254.4 | 1,254.4 | 1,254.4 | 1,254.4 | |||
| Implied Stock Price (SEK) | 99.65 | 141.82 | 200.78 | 220.15 | |||
| FX Rate: SEK/EUR | 11.18 | 11.18 | 11.18 | 11.18 | |||
| Implied Stock Price (EUR) | 8.91 | 12.69 | 17.96 | 19.70 | |||
| Upside / (Downside) | -54.74% | -35.58% | -8.80% | ||||
| Stock Price | 19.70 | ||||||
| Stock Price Close | 19.70 | ||||||
| Restatment Type | Original | ||||||
| Reporting Currency | SEK | ||||||
| Trading Currency | EUR | ||||||
| FX Rate: SEK/EUR | 11.18 | ||||||
| Market Cap | 24,890.0 | ||||||
| Shares Outstanding | 1,254.4 | ||||||
| Share Exchange Ratio | 1.0 | ||||||
| Liquid Long-term Investments | 0 | ||||||