Financials Bredband2 i Skandinavien AB

Equities

BRE2

SE0000648669

Integrated Telecommunications Services

Market Closed - Nasdaq Stockholm 11:29:56 2024-05-24 am EDT 5-day change 1st Jan Change
2.11 SEK +1.20% Intraday chart for Bredband2 i Skandinavien AB +0.24% +39.18%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 922.5 1,465 2,067 1,298 1,451 1,996 - -
Enterprise Value (EV) 1 769 1,493 2,271 1,495 1,570 2,136 2,097 2,059
P/E ratio 22.7 x 48.6 x 25.4 x 17.8 x 17 x 19 x 16.7 x 14.9 x
Yield 3.8% 2.39% 3.7% 5.9% 5.94% 5.28% 6.24% 7.19%
Capitalization / Revenue 1.38 x 1.86 x 1.37 x 0.85 x 0.92 x 1.18 x 1.14 x 1.1 x
EV / Revenue 1.15 x 1.9 x 1.5 x 0.98 x 0.99 x 1.26 x 1.19 x 1.14 x
EV / EBITDA 10.3 x 18.8 x 10.3 x 6.2 x 5.98 x 7.34 x 6.89 x 6.47 x
EV / FCF 12.1 x 15.6 x 11.9 x 7.34 x 7.02 x 9.45 x 8.72 x 8.1 x
FCF Yield 8.29% 6.4% 8.43% 13.6% 14.2% 10.6% 11.5% 12.3%
Price to Book 11.7 x 3.08 x 3.87 x 2.44 x 2.75 x 3.53 x 3.42 x 3.36 x
Nbr of stocks (in thousands) 701,002 701,002 957,095 957,095 957,095 957,096 - -
Reference price 2 1.316 2.090 2.160 1.356 1.516 2.085 2.085 2.085
Announcement Date 2/6/20 2/10/21 2/10/22 2/8/23 2/7/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 670.6 787.9 1,512 1,531 1,580 1,696 1,755 1,813
EBITDA 1 74.76 79.44 219.5 241.3 262.8 290.8 304.2 318
EBIT 1 50.87 42.77 93.9 94.82 120 145.8 161.1 176.2
Operating Margin 7.59% 5.43% 6.21% 6.19% 7.6% 8.59% 9.18% 9.72%
Earnings before Tax (EBT) 1 50.99 42.25 84.66 84.36 108.3 134.5 150.5 177
Net income 1 40.6 30.88 81.18 72.89 85.31 105.5 119.5 141
Net margin 6.05% 3.92% 5.37% 4.76% 5.4% 6.22% 6.81% 7.78%
EPS 2 0.0580 0.0430 0.0850 0.0760 0.0890 0.1100 0.1250 0.1400
Free Cash Flow 1 63.76 95.54 191.4 203.7 223.7 226 240.5 254
FCF margin 9.51% 12.13% 12.66% 13.3% 14.16% 13.32% 13.7% 14.01%
FCF Conversion (EBITDA) 85.27% 120.27% 87.19% 84.4% 85.13% 77.73% 79.05% 79.86%
FCF Conversion (Net income) 157.01% 309.44% 235.75% 279.41% 262.25% 214.22% 201.26% 180.14%
Dividend per Share 2 0.0500 0.0500 0.0800 0.0800 0.0900 0.1100 0.1300 0.1500
Announcement Date 2/6/20 2/10/21 2/10/22 2/8/23 2/7/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 375.9 383.4 382.7 382.4 382.8 383.1 392.7 400.6 403.4 414.8 422.8 428.4 430.4
EBITDA 1 61.6 63 59.2 59.6 59.4 60.4 61.9 69.1 71.4 70.5 70.4 75.75 73.85
EBIT 1 26.54 27.1 21.07 23.33 23.31 25.02 26.1 33.02 35.88 35.02 33.65 39.3 37.8
Operating Margin 7.06% 7.07% 5.51% 6.1% 6.09% 6.53% 6.65% 8.24% 8.9% 8.44% 7.96% 9.17% 8.78%
Earnings before Tax (EBT) 1 24.19 24.54 18.38 20.74 20.7 22.28 22.92 29.64 33.5 32.3 32 38 36
Net income 1 21.7 23.59 13.22 16.57 19.52 17.79 18.2 23.54 25.79 24.68 25 30 29
Net margin 5.77% 6.15% 3.45% 4.33% 5.1% 4.64% 4.64% 5.88% 6.39% 5.95% 5.91% 7% 6.74%
EPS 2 0.0230 0.0250 0.0140 0.0170 0.0200 0.0190 0.0190 0.0250 0.0270 0.0260 0.0250 0.0300 0.0300
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/10/22 5/11/22 8/9/22 11/9/22 2/8/23 5/9/23 8/9/23 11/9/23 2/7/24 5/6/24 - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 28.1 203 197 119 140 101 63
Net Cash position 1 154 - - - - - - -
Leverage (Debt/EBITDA) - 0.3535 x 0.926 x 0.8173 x 0.4543 x 0.4815 x 0.332 x 0.1981 x
Free Cash Flow 1 63.8 95.5 191 204 224 226 241 254
ROE (net income / shareholders' equity) 53.4% 11.7% 15.7% 13.7% 16% 19.5% 21% 23.9%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 0.1100 0.6800 0.5600 0.5500 0.5500 0.5900 0.6100 0.6200
Cash Flow per Share - - - - - - - -
Capex 1 18.8 20.2 26.6 24.4 28.1 9.5 22.5 18
Capex / Sales 2.8% 2.56% 1.76% 1.59% 1.78% 0.56% 1.28% 0.99%
Announcement Date 2/6/20 2/10/21 2/10/22 2/8/23 2/7/24 - - -
1SEK in Million2SEK
Estimates
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